79: Managing Your Own Short Term Rentals with Julia Spencer

The Short Term Rental Profits Show

Contenuto fornito da Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Association, Meyers Research, Air DNA, Garrett Sutton, and Vacation Rental Management Ass. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Association, Meyers Research, Air DNA, Garrett Sutton, and Vacation Rental Management Ass o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

1y ago 42:38

MP3•Pagina principale dell'episodio

Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.

Key Takeaways:

2:56 Julia has about 30 listings for her 7 homes

7:09 Julia's portfolio prior to starting short-term rentals

9:53 The importance of the review system in the short-term rental market

12:58 Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes

16:59 Short-term rentals and problems with neighbors

21:23 Red flags (and green flags) for properties you're considering for short-term rentals

25:51 What team members do you need in order to self-manage?

31:24 Whether Julia has ever looked into using (or used) a property manager

34:41 How Julia streamlines her operations

38:21 A real life example of what kind of profits Julia makes on her properties

Website:

www.JuliaMSpencer.com

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81 episodi