From Rookie to Rockstar Airbnb Host Making $100k+ Per Month
Five years ago Avery Carl wasn’t an Airbnb Host. She didn’t have her real estate license, she hadn’t founded The Short Term Shop or The Mortgage Shop, and she did not have a book written on short-term rental investing. But now, Avery has all those things, and she did all of them in only half a decade.
Avery’s first venture into real estate started by her saving up every penny she could to buy a property in Nashville. After some success, she asked, “what’s the most bang for my buck in real estate?” The answer: short-term rentals. Seven of her units alone brought in over six figures in just July, proving her point that vacation rentals are a necessary part of any investor's asset collection.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Hear Avery’s Past Episodes on The BiggerPockets Podcast:
364: www.biggerpockets.com/blog/bi...
375: www.biggerpockets.com/blog/bi...
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Grab Your Copy of “Short-Term Rental, Long-Term Wealth”:
store.biggerpockets.com/produ...
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The Short Term Shop and The Mortgage Shop:
Buying: theshorttermshop.com/
Funding: mortgageshop.co/
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Get Tony’s Custom STR Calculator:
alphageekcapital.com/calculator
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Software Mentioned on Today’s Episode:
AirDNA: www.airdna.co/
PriceLabs: hello.pricelabs.co/
Your Porter: yourporter.com/
Smartbnb: hospitable.com/
IGMS: www.igms.com/
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 122
Show notes at: www.biggerpockets.com/rookie122
0:00 Intro
7:23 0 to 96 Units in 5 Short Years
13:19 Why Not Be 100% Short-Term?
16:07 How to Analyze a Market for Short-Term Rentals
21:11 Are You Overpaying?
24:04 Systems and Software for STRs
27:44 Analyzing a Short-Term Rental
30:41 Managing Your Short-Term Rentals
38:14 Mindset Segment
39:56 Rookie Rockstar
41:14 1031 Exchanging
Пікірлер: 51
Tony is so thoughtful in his questions he carries the show.
If phase II reveal contamination, the company performing/writing the report are bound by law to notify the EPA. That is why sellers who suspect contamination on their property do not want to proceed to phase II even if the buyer offer to pay.
I never considered STR and now I have to add this into my portfolio as soon as I close on my LTR. I love that Avery’s company offers support. That is what I am looking for and am willing to pay for !
I stumbled on this channel. Wow! It's amazing. Thank you😘
I laugh so hard at book and wait for the cleaner to come in. Really great episode.
Loved this episode and the recent one on the OG BP podcast with Avery. I'll have to reach out soon as I want to own a STR in the smokies soon. Currently in Chattanooga so not far away!
@jcolebusi
2 жыл бұрын
Same! I can't wait to get this going!
This badass always be rockin the classic metal T’s - while crushing it in RE. RESPECT
One thing you didn’t mention is that if the Phase 2 comes up dirty the owner has to by law abate the issue. So if you decide not to buy the property they have to fix the issues
Love this!!! I’ll be contacting the short term shop.
Great information here!
Waiting on our equity from our remortage to buy our first air bnb in the uk thinking of getting a management company for the first year then maybe manage it ourselves
With our first Airbnb I plan on doing it all, but when I do decide to hire a cleaner have y’all ever had a cleaner no show and if that does happen what do u do
✌️ Great show.
Love it!
Super Good 🔥🔥🔥 thanks 🙏
For short term rentals - how much are you putting back into mortgage payments? I understand obviously the less you put towards mortgage payments the higher the cash flow, but what is the rule of thumb for this?
@allthingsbeauty1016
2 жыл бұрын
Good question
I have found cleaners while doing DoorDash. Usually, that cleaner will know other cleaners that can fill in for them if they can't do the work.
That Megadeth shirt though 😍
36:40 funny and smart lol
Am I the only one who recognized the Megadeth t shirt??
I need your info
Lots of Nuggets!
I think you or owner of that property eventually still have to pay the taxes when you doing 1031 exchange my accounted explained it to me but it’s not right away.
Megadeth! 🤘🏼
That’s great. But Airbnb is destroying the rental home market for young families. How can a young couple or person save to buy while renting when most rental homes are rented by the day? No one thinks about this. Annual rentals are almost gone in my area now. I understand why owners and investors would do it, but it’s destroying the rental market.
@franklintyler4652
Жыл бұрын
If what you’re saying is true, and I doubt you have evidence, then why is it great?
@CRASS2047
Жыл бұрын
@@franklintyler4652 like most things, there is nuance. It’s very convenient and it makes people a lot of money. However, every house available on Airbnb is one house that is no longer available to rent annually. Open Airbnb and search your area. However many houses are available on Airbnb are homes that would have been available to rent annually a few years ago. That’s all the evidence you need. And why would an owner rent for $2000 a month when they can get $200 per night??? It’s great for everyone except those looking to rent a home annually
@franklintyler4652
Жыл бұрын
@@CRASS2047 your opinion is very simplistic… it would be the same as saying that “rentals are bad… because every rental property takes away a house that a potential home owner could buy. Very weak.
@franklintyler4652
Жыл бұрын
@@CRASS2047 also, who are you determine what someone can do with their property? There are plenty of reason why someone wouldn’t want to take a rental and turn it into a STR…
@CRASS2047
Жыл бұрын
@@franklintyler4652 Not at all the same. And it is extremely simple. If you can’t understand how Airbnb is a problem for those who must rent a home, it’s your mind that is simplistic
Whats your ✋
What a bunch of crooks, I will NEVER rent anything listed with Airbnb, total fraud.
@nimitaw1167
2 жыл бұрын
Why is that?
Hello do you have an email where I could contact you an speak to you About getting started with Airbnb thank you in advance