From time to time, Ashley and Tony both have questions they need answering. And thankfully, they both host a show with a real estate investor in complementary niches. This week, Ashley is prepping to scale her short-term rental empire, so she wants to know from Tony what his six top tips for vacation rentals would be.
Although Tony has only been hosting for a few years now, he has a sizable portfolio that was built fast and efficiently. He’s able to charge top dollar on his vacation rentals due to his management, rehabs, and pricing strategies. If you want to max out your vacation rental income, Tony is the guy to listen to!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley Kehr:
This is Real Estate Rookie episode 144. My name is Ashley Kehr, and I’m here with my co-host Tony Robinson, and today is an episode of the Rookie Reply.
Tony Robinson:
And for those of you that are new to the Real Estate Rookie podcast, Ashley and I are here to give you the inspiration, the motivation, the confidence you need to break into the world of real estate investing. Find financial freedom, really just build the life that you want using real estate as the vehicle. So what do we got going on today, Ash?
Ashley Kehr:
So today, Tony, I really want to talk about short-term rentals.
Tony Robinson:
Ooh, I might know a thing or two about that.
Ashley Kehr:
So my partner and I have two cabins under contract that we are going to turn into short-term rentals. So I thought it was timely to go over what are some basics that investors need to know when they’re getting into the short-term rental space. So I have one Airbnb now that I would consider it more of a hobby and I’d like to take my short-term rental business and turn it more into a business. So the one that I have, it’s actually an arbitrage where I rent the apartment, furnished it, and now it is…