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The Boostly Podcast

How to Profit from the Hospitality Industry

The Boostly Podcast

Mark Simpson

Marketing, Business

5.0302 Ratings

🗓️ 20 March 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Welcome to Boostly Podcast Episode 568. In this podcast episode we sit down with Avery Carl to discuss how to profit from the hospitality industry! You don't want to miss it! • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast

Transcript

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0:00.0

Okay, you are listening to the Bootsley podcast. This is the podcast that helps host all over the

0:04.4

world, get the tools, the tactics, the trainings, and most importantly, have the confidence to go

0:09.4

out there and get more direct bookends. Today, we have a very special guest who is a short-term

0:15.2

rental host. She is a real estate investor who, along with her husband, established a highly

0:21.6

successful real estate firm called the short-term rental shop. She's a best-selling author of the

0:26.6

book called short-term rental long-term wealth, a book which I highly recommend you go and check

0:32.1

out. It's in my audible sort of favourites. She's the host of the Epic podcast series, the short-term

0:38.0

rental show, and overall, just one of the biggest influences in the short-term rental space.

0:42.8

I'm so excited. If you haven't already guessed it, we've got the amazing Avery Carlon with us

0:48.0

today, and she's sharing her vast experience on what you need to be considering when you invest

0:53.0

in a short-term rental. Welcome along, Avery. Thank you for joining me today.

0:56.8

Yeah, thank you so much for having me. Why don't we get started in the way we normally do,

1:00.4

which if you can just introduce yourself and share any facts that somebody may or may not know about

1:06.6

you? Sure. My name is Avery Carl. I'm a real estate investor. I have 245 doors. Eight of them are

1:14.5

short-term rentals. The way I look at short-term is as a cash flow turbocharger that has a place in

1:21.8

any real estate portfolio. For me, short-term rentals were my first investment, so five of my first

1:28.6

six investments were short terms. And because they cash flow so much heavier than traditional

1:33.8

long-term rentals, we were able to scale our portfolio much more quickly than if we just stuck

1:38.4

with traditional long-term. So I'm not one of those short-term rental influencers that is going

1:43.4

to say short-term rentals are the right and only way all the time. We have long-term multi-family,

1:48.5

long-term single-family. We've got a little bit of everything. So I think that short-terms

1:52.7

are definitely the path to get your cash flow where you need it to be, to grow your portfolio

...

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