S1E5: Numbers & Stats: Nerds Unite!

Extra Pack of Peanuts Travel Podcast

Travis Sherry

Society & Culture, Places & Travel, Society & Culture:places & Travel

4.6 • 890 Ratings

🗓️ 2 November 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ok numbers nerds, it's time to have some fun. In this episode, we break down all the important numbers you should be looking at before you purchase a property to make sure it's a home run AND all the numbers you should be monitoring after you purchase to make sure your property is optimized to it's fullest potential. Knowing your numbers is absolutely key to having a successful short term rental (as we learned during our "meh" period in Philly) - so whether you're someone who loves the numbers or someone who shies away from them, you've got to know them, so have a listen.

Transcript

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0:00.0	Hello Magical Moneymakers and welcome to the EPOP Podcast episode 5 of season 1.
0:08.0	Season 1 theme is...
0:10.0	They probably already know.
0:12.0	They probably already know since we're on episode five.
0:15.8	But the theme is our journey to short-term rental success.
0:21.8	And today's episode is called
0:25.0	Nirds Unite!
0:27.0	Wards Unite.
0:28.0	Nards Unite. Numbers and stats.
0:31.0	And I'm going to start with a stat and a number for you at $458 per night.
0:38.5	This city and by city, last time we got tripped up on the word city. This town has the highest per night rental average in the US.
0:49.0	This is a very hard one because obviously there's millions of areas that you could pick from or at least
0:54.7	hundreds of thousands. So do you want a hint? Of course I want a hint. Okay I'm going to
0:59.8	give you a hint. Who doesn't want a hint? Always. The answer is always. I thought maybe you just had a place in your head that you're like,
1:05.1	nope, I think this is it right off the bat. But if you... Well, I would have except I read your notes and I saw that you had a hint and that it wasn't the state that I was thinking.
1:14.8	All right, tell everyone what you were thinking.
1:16.8	Well I was thinking California but you said it's out west.
1:20.3	But it's not in California.
1:21.6	So there's your hint everyone. and everyone else your hint is it's
1:25.0	four hundred fifty dollars per night. It's out west, but it's not in California California. window pain lets us talk till it strikes again on my way through I saw you on my way through.
1:55.0	I saw you on my way through. I have to just give a shout out here to a really great friend
2:09.3	Kalim Boer who recorded the intro outro for this podcast and I'm super thankful right now
	...

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