Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.
Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.
0:00 Intro 3:54 Step 1: Choosing a Short-Term Rental Market 11:41 Cash Flow vs. Appreciation 16:34 Step 2: Choosing Your Location 22:20 Out-of-State Investing vs. Local Investing 26:14 The 4 Short-Term Rental Categories 33:34 Vendor Availability, Competition, and Market Growth 37:14 Vacation Rental Seasonality 40:44 Step 3: Short-Term Rental Strategies 43:38 The Time Commitment of Running Vacation Rentals 46:56 How Much Risk (and Growth) Can You Handle? 50:10 Remodeling Your STR 53:59 Outro
