576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 27 February 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures. With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene. In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships. In This Episode We Cover: Buying mixed-use properties so you can combine long and short-term rental advantages Whether or not the short-term rental market is starting to see saturation How to adjust cleaning fees to optimize your booking rate Converting a long-term rental into a short-term rental (and the time it takes to do so) What to do when you can’t find comps (comparable rents) in your area? The pros and cons of real estate partnerships and what to do before you join forces And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Rent Estimator BiggerPockets Forums BiggerPockets Talent Search BiggerPockets Rental Property Calculator BiggerPockets Pro Membership Airbnb VRBO Airdna Rentalizer BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate Julian Gonda's Instagram Join us for our Q&A Shows and ask your question Invest With David Greene David Greene Team David’s Instagram David’s BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/show576 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the bigger pockets podcast show.
0:02.8	Five, 76.
0:05.0	When you're investing big amounts of money,
0:06.4	you'll never get the same return as you can with small,
0:08.8	unless you just got lucky on a deal,
0:10.2	but it won't be sustainable.
0:11.4	So that's just two things to keep in mind
0:12.9	as you're moving forward.
0:14.4	If you're investing smaller amounts of capital,
0:16.3	you can almost always get a higher return.
0:18.4	And if you're putting in more than just capital,
0:21.3	you can increase the return on your capital,
0:23.7	but go into it with your eyes wide open.
0:25.6	No, and that's what you're doing.
0:26.7	What's going on, everyone?
0:31.7	It is David Green, your host of the bigger pockets real estate
0:34.4	podcast, the podcast where we teach you how to find financial
0:38.4	freedom through real estate.
0:40.4	So if you're looking to build wealth and build a better life
0:43.0	through the power of real estate,
0:44.1	you, my friend, are in the right place.
0:46.3	You should check out the website biggerpockets.com.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.