576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo
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 Rental Property Calculator
Join us for our Q&A Shows and ask your question
Click here to check the full show notes: https://www.biggerpockets.com/show576
Learn more about your ad choices. Visit megaphone.fm/adchoices
More description
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 Rental Property Calculator
Join us for our Q&A Shows and ask your question
Click here to check the full show notes: https://www.biggerpockets.com/show576
Learn more about your ad choices. Visit megaphone.fm/adchoices
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