Short Term Rental Advice

[Peter Francis]

Hello short-term rental hosts!  What were some challenges growing your company?  We are currently running two units but will have 3 more by the end of the month.  What were some uphill battles that you faced while growing?  Thank you all.

[Avery Carl]

Adaptability is key! Realizing that not everything is going to always fit into the equation the way you expected is the hardest part to learn. Learning that short term rentals, no matter which market, aren’t always going to fit into the formulas and calculators that we have learned to use as traditional investors can be a tough lesson. With short terms, you can make significantly more money but you’ve got to be able to roll with the punches or you won’t succeed! Or, maybe you will succeed but it will be more painful. Lighten up and roll with it was the biggest lesson for me.