The Short Term Show

In this episode of the Short Term Show, Avery welcomed Austin, Texas based real estate investor Vivian Yip. Vivian shared her story of feeling trapped in the corporate rat race, which caused her to explore house flipping alongside her husband but soon realized it was akin to another job. Inspired by the book "Tax-Free Wealth," Vivian pivoted her strategy towards owning real estate for long term wealth building. Avery and Vivian delved into the strategies for managing midterm rentals, and the importance of having a good property management system. Vivian also shared insights on attracting a diverse range of guests and the benefits of a hybrid model that combines short term and midterm rentals. How to connect with Vivian: @vivianyip_official VivianYip.com/about How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of the Short Term Show, Avery welcomed Chris and Jena Hartman, a dynamic duo who are both pilots and successful real estate investors. Chris and Jena shared their backgrounds, explaining how they both grew up in military households and eventually met at the Air Force Academy. They discussed their initial entry into real estate, which began with a piece of advice from a mentor: buy a house at every base and turn it into a rental property when you move. This strategy laid the foundation for their real estate journey. Chris and Jena detailed their first property purchase in Enid, Oklahoma. They touched on the challenges they faced, such as dealing with HOAs. They also emphasized to listeners that you really can manage a property from anywhere. How to connect with Chris and Jena: Hartmanequities on Instagram How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of The Short Term Show, Avery welcomed Laura Sides, a former middle school biology teacher who transitioned into real estate investing. Laura shared her journey from teaching to becoming a stay-at-home mom to discovering her passion for real estate and the challenges she has faced along the way. Laura explained her strategy of using HELOCs for short-term flips and paying them off quickly, rather than using them for long-term investments. She also touched on her experience transitioning to property manager for their short term rentals and they discussed the difficult task of firing property managers. How to connect with Laura: @sides_investing on Instagram https://sidesinvesting.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Avery had the pleasure of chatting with Rick Sharga, CEO and founder of the C.J. Patrick Company. Rick explained that the current market dynamics are driven by a significant number of young adults reaching the prime age for first-time home buying, coupled with a shortage of available homes. They also touched on the potential for relief in the market. Rick is optimistic that by the end of 2025, we might see mortgage rates drop to around 6%, with home prices stabilizing and wage growth continuing. They also explored how media reports influence consumer behavior more than actual market conditions. How to connect with Rick: https://cjpatrick.com/ How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week's episode is a deep dive into the challenging real estate landscape of 2024, which has been marked as the worst market in the past 65 years in terms of homes sold. Avery welcomes four top real estate agents; January Johnson, Pete Apposato, Wayde Hall and Jonathan Lazzarino to discuss the implications for short term rental investors. Their conversation covers buying and selling insights from the year, advice for navigating the current market conditions and what opportunities await buyers in 2025. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of The Short Term Show, Avery dives into the critical aspects of real estate investing beyond the most commonly emphasized metrics of cash flow and cash on cash return. Throughout the episode Avery outlines three alternative wealth generating strategies that investors should keep in mind when calculating their return on investment. Avery acknowledges the importance of cash flow in achieving financial freedom while also encouraging listeners to broaden their perspective and consider additional ways to build wealth through real estate ownership. Check out our previous episodes with licensed CPAs: Amanda Han and Yonah Weiss Amanda Han and Matt Mcfarland Ryan Bakke Ryan Bakke Brandon Hall How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Avery, Luke and Tim went over some of the essential strategies for navigating the holiday season and preparing for 2025. They discussed the importance of pricing and booking strategies as we approach Christmas and New Year's, especially with the holidays taking place on Wednesdays this year. Luke shared his approach to packaging holiday bookings, emphasizing the need to adjust prices for less desirable dates. He also touched on the significance of maintaining high base rates for the upcoming summer months while being proactive in filling in gaps during the slower winter season. They also discussed the demographic shift in travelers expected for 2025, with a notable increase in older travelers, and how this might affect bookings. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of The Short Term Show, host discusses cash flow management and investment strategies with guest M.C. Laubscher, a seasoned investor with nearly 25 years of experience. M.C. shared his unique background, growing up in South Africa during a time of significant change, which shaped his understanding of business and investing during uncertain times. Throughout the episode, he emphasized the importance of cash flow management, especially for business owners and real estate investors. He introduced the concept of the "four seasons of cash flow," highlighting the need to prepare for both high and low revenue months. He also stressed the significance of building up cash reserves, or a "war chest," to ensure financial stability during lean periods. He also shared practical advice for new investors, urging them to invest in themselves, their skillsets, and their networks. How to connect with M.C.: https://cashflowninja.com/ getwealthyforsure.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of the Short Term Show, Avery welcomes Jay Ulrich, CEO of HostBuddy AI, to discuss their innovative AI messaging software designed to enhance the STR experience for guests and hosts. Jay explains how HostBuddy aims to save hosts' time and money by improving response times and ensuring guests receive timely, human-like assistance. The software integrates seamlessly with property management systems and offers features beyond messaging, making it an essential tool for hosts managing multiple properties. Jay highlighted several advanced features, including upselling gap nights, inquiry winbacks, and smart templates that analyze guest sentiment to optimize communication. How to connect with Jay: https://www.hostbuddy.ai/ https://www.instagram.com/jaytullrich How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode, Avery welcomes Chris Watson, a retired military veteran with 29 years of service, to share his journey into real estate. Chris discusses how his military background influenced his investment strategies, beginning with the purchase of a home in 2006. Chris also shared insights into his property portfolio, which includes nine STRs and one LTR, spread across the Smoky Mountains and the Emerald Coast. He discussed the importance of having a diverse range of property sizes to ensure steady income throughout the year. They also talked about the importance of adaptability in the short term rental market. Chris emphasized that treating your rental properties like a business and being willing to adapt to market changes is crucial for success. He shared his own experiences of managing properties remotely, even while deployed, by building a reliable team on the ground. How to connect with Chris: stayatthebeach.com smokymountainviews.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of the Short Term Show, Avery the pleasure of interviewing Patrick Andres, a successful short-term rental investor based in Alabama. Patrick shared his journey from attorney to full time STR investor. Avery and Patrick discussed the strategies that have contributed to his success, such as targeting properties that have been on the market for a while, making strategic renovations, and more. They also delved into the challenges and rewards of managing properties in hurricane-prone areas like Florida, and Patrick shared his approach to dealing with potential natural disasters through proper insurance and preparation. He also touched on the importance of maintaining and updating properties to ensure a great guest experience. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of The Short Term Show, Avery had the pleasure of speaking with Cody Ball, a passionate real estate investor and co-hosting entrepreneur based in Kansas. Cody shared his initial foray into real estate investing with long term rentals, where he successfully acquired two properties that generated steady cash flow. However, he soon realized he wanted to accelerate his financial growth and retire early. Cody and his wife then decided to shift focus to short term rentals and building a co-hosting business. Cody emphasized the importance of consistency in managing short term rentals, sharing practical tips such as optimizing listing photos, adjusting pricing, and actively engaging with the community. He also discussed how he successfully transitioned into co-hosting, acquiring multiple management clients through referrals and proactive outreach. How to connect with Cody: https://ballbnb.com/ How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Avery is joined by Gino Barbaro! Avery and Gino delved into the critical components of successful real estate investing: buying right, managing right, and financing right. They discussed how many investors struggle when they overlook these fundamentals, especially in the current market climate where lending is becoming more challenging. They also covered the importance of choosing the right market for multifamily investing. Gino emphasized the need for job and population growth, as well as understanding local landlord-tenant laws. Gino also introduced his upcoming book, "Happy Money, Happy Family, Happy Legacy," which focuses on teaching children about money and investing. He shared personal anecdotes about how he has involved his own children in real estate investing, emphasizing the importance of open conversations about financial literacy. How to connect with Gino: https://jakeandgino.com/link-tree/ https://www.youtube.com/@JakeandGino @jakeandgino on Instagram How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of the Short Term Show,Avery welcomes Stephanie Fang and Wilson Liang who dive into their investment journey in the Texas Hill Country. Stephanie and Wilson detailed their impressive portfolio, which includes 56 doors comprising duplexes, short term rentals, and a partnership in a 52-unit apartment complex. They shared insights into their first short term rental deal, a unique property featuring a converted Greyhound bus, and how they managed to gross over six figures annually from it. Throughout the episode, Stephanie and Wilson emphasized the importance of having a good team, understanding the market's seasonality, and the value of mentorship. How to connect with Stephanie and Wilson: https://lakehausstays.com/ thefinancehospital.com IG: @steph_estate IG: @wilson_invests How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

It’s Tax Time! Enjoy the re-release of this podcast Avery did with two of the biggest names in Taxes and Depreciation. In this episode, Avery is joined by Amanda Han and Yonah Weiss to go over the ins and outs of cost segregation. They’ll discuss how to get tax savings through your short term rentals, why your location and land value matter, tips for tracking your hours, the importance of consulting a real estate focused CPA and more! Connect with Amanda and Yonah: Weiss Advice Podcast, madisonspecs.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA Need lending for your Short Term Rental? Get Pre-Approved on a loan with The Mortgage Shop - https://mortgage.shop/

In this episode of the Short Term Show, Avery welcomes Kathy Fettke, founder of Real Wealth and a seasoned real estate investor, to discuss her journey in real estate and short term rentals. Kathy emphasized the importance of knowing your market and shared insights on how she managed to make a profitable short-term rental in an ultra-luxury market like Malibu. They also delved into Kathy's broader real estate portfolio, her early experiences with house hacking, and how she managed to build a successful real estate business even during challenging times. Kathy also shared her new book, Scaling Smart and how the book aims to help entrepreneurs transition from doing everything themselves to becoming effective leaders who can empower their teams. How to connect with Kathy: www.realwealth.com Scaling Smart: How to Design a Self-Managing Business How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week Avery is joined by real estate investor and STR co-host, Sarah Pell. Sarah shared her insights on why they chose a condo over a single-family home, highlighting the benefits of having an HOA that manages maintenance issues, which allows them to focus solely on their unit. In addition to owning properties, Sarah has ventured into rental arbitrage and co-hosting, managing multiple properties across different markets, including Tampa Bay and Wilmington, North Carolina. She also shared her strategies for selecting markets and properties, focusing on family-friendly features and updated amenities. How to connect with Sarah: Www.cpvacationhomes.com Instagram @sarah_pell_ @cpvacationhomes How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of the Short Term Show, Avery welcomes Brian Luebben, founder of Action Academy, who shares his journey from corporate sales to financial freedom through real estate investing and entrepreneurship. He emphasizes the importance of taking action and overcoming the fear of failure, encouraging listeners to immerse themselves in communities of successful individuals to foster growth and motivation. Brian introduces his framework of "Survive, Arrive, and Thrive," which helps individuals identify their financial goals and the cash flow needed to achieve them. The conversation also touches on the common pitfalls that lead many real estate investors to sell their properties within the first two years, such as poor underwriting and lack of clarity in their investment strategy. How to connect with Brian: @brianluebben https://actionacademy.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this episode of the Short Term Show, Avery interviews Oscar Viteri, an immigrant from Ecuador who has built a successful real estate portfolio in Wisconsin. Oscar shares his journey from medical school in South America to moving to the U.S. with his wife and delving into real estate investing. Despite being new to the industry, they have already grown their portfolio to three properties in Wisconsin while managing from Iowa. Oscar also discusses how they ended up in Iowa and why they decided to stay in the Midwest. How to connect with Oscar: www.sachastayswi.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week Avery is joined once again by Rich Somers! Rich share updates on his latest ventures and insights into the world of boutique hotel investing. They chat about Rich's boutique hotel fund, as well as the transition from STRs to boutique hotels. They also address the appreciation vs. cashflow debate and touched on some current market insights. How to connect with Rich: @Rich_Somers on Instagram somerscapital.com The Rich Somers Report Podcast How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ www.strquestions.com Follow Avery Carl on Instagram Follow Avery Carl on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA