Are you looking for a new niche to drive more real estate business? Short-term rentals might be a fit for you! On today’s podcast, broker Jessica Larsen shares how to start managing short-term rentals and how to turn these properties into listings. In addition to giving tips on rental management, Jessica covers where to start if you’d like to buy a short-term rental for yourself.
Listen to the Podcast Here
Watch the Episode Here
Listen to This Podcast and Learn:
- The short-term rental niche [1:15]
- How Jessica got into short-term rentals [3:08]
- One of the biggest hurdles to overcome with short-term rentals [4:28]
- Jessica’s sales and short-term contracts last year [5:45]
- Achieving an 85-90% occupancy rate in the off season [8:23]
- Roadblocks to running a short-term-rental business [10:29]
- Finding clients to fit your niche [12:37]
- How to find out if your market will work for short-term rentals [14:38]
- Tips for staying organized in real estate [18:20]
- Reacting to real estate market conditions [22:41]
- Who the shifting market could impact in the short-term-rental space [24:31]
- Returns to shoot for with short-term rentals [25:34]
- Expenses to think about as a short-term-rental owner [27:10]
- Where to start with short-term rentals [29:13]
- How to value a short-term rental [30:18]
- What to do when you can’t get a booking [31:26]
- One piece of advice for real estate agents on short-term rentals [33:12]
- Advice for potential short-term-rental owners: start small [35:20]
About The Author
Aaron Amuchastegui
Aaron has experienced some of life’s lowest lows and highest highs. In the past 10 years, Aaron has started several companies and led them to success. He’s also bought and sold more than 700 homes nationwide. As Aaron says, he’s gone from “being broke to being blessed.” On the Real Estate Rockstars Podcast, he’s hoping to drive others to succeed by sharing guests’ inspiring stories.