Podcasts about mortgage shop

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Brenna Carles from The Mortgage Shop to break down the biggest mistakes real estate investors make when filing taxes and applying for loans. We dive into the differences between Schedule C vs. Schedule E, how to avoid overpaying in taxes, and how to qualify for more loans to expand your property portfolio. Brenna shares practical advice on loan strategies, partnerships, and even how to shift debt to maximize your borrowing power. If you're looking to optimize your financing, this episode is packed with insights you can't afford to miss. Timestamps: 00:00:00 — Intro 00:00:37 — The importance of Schedule E vs. Schedule C for real estate investors 00:03:36 — Why Schedule C can block you from qualifying for loans 00:04:17 — How Schedule E can increase borrowing capacity for investors 00:07:15 — Key deductions for Schedule E filers (T.I.M.D. method explained) 00:09:40 — Real case study: How one mistake cost a client $18,000 in extra taxes 00:11:31 — How Brenna manually verifies loan eligibility to avoid last-minute surprises 00:14:49 — The myth of "just trust your accountant" — Why you need to check their work 00:16:04 — Using Form 8825 for partnerships and how it works like Schedule E 00:19:47 — Strategy alert: Why you should shift bad debt into your spouse's name 00:22:27 — How to shift loans from your personal name to an LLC using DSCR loans 00:25:31 — Avoid analysis paralysis — How to take action without overthinking 00:27:28 — Why making calculated risks can lead to life-changing wealth decisions Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Brenna Carles is a former Dolly Parton backup singer turned wealth management expert. She is now the CEO and Co-Founder of the Mortgage Shop and leads courses on financing short-term rentals. She joins Josh to talk about taking the plunge and quitting your job to find financial freedom and live your life to the fullest. Learn more about Brenna here: https://www.instagram.com/brennacarles/

Welcome to Part 2 of this weeks topic - is it too late to invest in STRs? Brenna Carls, CEO and founder of The Mortgage Shop, joins to discuss this, talking about the current high-interest rate environment, how investors can still cashflow, and the importance of understanding loan types like DSCR. Brenna provides valuable tips on performing pro forma calculations, the significance of amenities, cost segregation for tax benefits, and navigating different loan options. Connect with Kenny on LinkedIn! Follow Kenny on IG Connect with Brenna on IG!

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRUnfiltered, host Bill Faith invites special guest Brenna Carles, the founder of the Mortgage Shop, to discuss the best strategies to get great mortgage deals for short-term rental investing. Brenna shares valuable insights about considering mortgage rates, planning long-term investment goals, understanding the impact of debt-to-income ratios, and the importance of accurate tax filing for rental income. She also shares her career journey, from being a backup singer to a mortgage loan originator, and stresses the need for investors to commit and put in consistent effort to succeed in their investment journey. 02:00 Introduction and Welcome 02:22 Guest Introduction: Brenna Carl 02:44 Brenna's Journey: From Singer to Mortgage Loan Originator 04:30 The Birth of The Mortgage Shop 05:05 The Importance of Good Communication in Mortgage Lending 05:37 How to Get the Best Mortgage Rates 05:55 Understanding Different Loan Options 08:11 The Importance of Credit Score and Income Reporting 13:07 The Impact of Timing on Mortgage Applications 20:34 Choosing Between Different Mortgage Products 20:56 Planning for Long-Term Investment Goals 28:32 The Importance of Perseverance in Property Investment 31:23 Conclusion and Farewell Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Megan Winterberg was the Director of Operations for multiple outpatient imaging facilities for over 10 years. During that time, she honed in on her business development, operations, and strategy skillsets but emersed herself in Lean Six Sigma and Process Improvement which she has been able to apply to all her current and future endeavors. Tune in to this episode as Megan Winterberg inspires listeners to take risks and work hard to achieve their goals![00:01 - 02:23] Opening SegmentWe welcome, Megan Winterberg!Megan Winterberg is a short-term rental investor who transitioned from corporate America to do this full-time [02:24 - 24:33] The Benefits Of Asset-Based Loans And Working RemotelyMegan joined The Mortgage Shop, a short-term rental-focused lending companyHelping others by starting a local meetup to help women get cash flowLenders often lack knowledge and understanding of what can or cannot be done when looking at debt-to-income ratiosCost segregation can help utilize depreciation to improve debt to income ratio[24:34 - 33:28] THE FINAL FOURWhat's the worst job that you ever had?Worked at a bankWhat's a book you've read that has given you a paradigm shift?“Rich Dad, Poor Dad” By Robert KiyosakiWhat is a skill or talent that you would like to learn?Re-learn how to play the pianoWhat does success mean to you?Megan Winterberg says, “Success it's being able to do what I want with who and when.”Connect with Megan Winterberg: Instagram: @meganwinterbergLinkedIn: Megan WinterbergAirbnb: Cabin PortfolioLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“It's all about the business plan and understanding the whole kind of the holistic approach, and when you're dealing with properties.” – Megan Winterberg“By willing to put in that extra work and that cash up front, I've got my mortgage lower because my purchase price is lower… So it's kind of a win-win in my opinion.” –  Megan WinterbergSupport the show

This week Avery is joined by Michael and Elizabeth Chang. We get to hear their story of how they used rental arbitrage in urban markets to not only scale their business but grow their confidence. We also get some tips on how to find good arbitrage buildings, how to present yourself when approaching building owners, and much more. How to connect with Michael and Elizabeth: Trustbnb Vacation Rentals https://www.instagram.com/michaelchangbnb/ 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/

On this week's episode Avery sits down with John Bianchi - The Airbnb Data Guy. If you've ever struggled to understand all of the data on AirDNA, this episode is definitely for you! John goes into detail on how to determine the seasonality of your market, how to figure out if your market really is "oversaturated", analyzing the annual revenue number and much more! How to connect with John: theairbnbdataguy - TiktTok, Youtube, 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 Need lending for your Short Term Rental? Get Pre-Approved on a loan with The Mortgage Shop - https://mortgage.shop/

This week Avery is joined by flipping experts Glenn and Amber Schworm. Glenn and Amber take us through what it was like getting started in real estate back in 2007 and the differences in the market between then and now. They also talk about short term renting their primary residence, owning rentals in non-vacation markets, and much more! How to connect with Glenn and Amber: https://glennandamber.com/ The Birth of the Everyday Real Estate Investor 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/

This week Avery is joined by the delightful Bob Garner! They have a wonderful discussion about hosting in Italy, interacting with your guests during their stay, and Bob gives some great, yet simple tips to begin reducing your carbon footprint with each of your short term rentals. How to connect with Bob: LinkedIn envirorental.earth 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery sits down to pick the brain of Hostaway Founder and CEO, Marcus Rader. If you've ever been interested in using Hostaway and wanted to know more about how it works, this episode is for you. Marcus talks about what sets Hostaway apart, what kinds of integrations they offer and how direct booking works. They also discuss upcoming trends and startup funding, and much more! How to connect with Marcus: https://www.hostaway.com/ Linkedin How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery is joined by Natalie Palmer! They chat about the ups and downs of investing in Big Bear, focusing on experiential destinations, how to get into cohosting, and more. They also talk a bit about Natalie's first ever all women STR summit, Level Up Your Listing! How to connect with Natalie: __NataliePalmer on Instagram Podcast: No Vacancy https://www.levelupyourlistingsummit.com/ Use code AVERY10 at checkout to receive 10% off! How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery sits down with Chris Larsen. They have a fascinating conversation about involving your kids in your business, buying distressed notes, investing in cash-flowing businesses, and much more! How to connect with Chris: https://www.nextlevelincome.com/ Podcast: Next-Level Income How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery chats with Million Dollar Host, Julie George! Julie tells us how she went from 0-130 properties in under 3 years! She also has advice on establishing yourself in your area, taking advantage of the opportunities presented to you, building systems and much more! How to connect with Julie: milliondollarhost.com.au Facebook: Julie George Tiktok: milliondollarhost Instagram: milliondollarhost How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery sits down Rob Stein. Rob has been a teacher, he's been a body builder, and now he's also in the real estate space. On today's episode they talk about the process of transitioning out of your 9-5, the importance of getting educated as well as the importance of having discipline and implementing the tools you've learned. How to connect with Rob: Facebook: Rob Stein Youtube: robstein.tv Instagram: RobStein_Impossibletofail How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

There are many mortgage options available to people these days. However, not all of them are suitable for every individual. Find out how you can choose the best mortgage option for your STR business in today's episode with Brenna Carles, Founder & CEO of The Mortgage Shop. Choosing the right mortgage option for you can be difficult. There are many factors to consider, such as down payment, interest rates, Debt-to-Income (DTI) ratio, and closing costs. It's important to know what these factors mean so you can make an informed decision about your mortgage choice. Brenna explains the different types of loans for people investing in short-term rentals and the best types of mortgage loans for people with a low down payment. Additionally, she explains the difference between mortgage preapproval and mortgage prequalification and gives strategies you can use to keep your Debt-to-Income (DTI) ratio low.  Tune in for valuable insights! STR Sisterhood Survey: https://b5074ntfg57.typeform.com/to/YDldB8gU  Timestamps for the key highlights in the episode [03:43] Who is Brenna Carles? Her backstory and how she got into short-term  rentals & mortgages  [07:50] The different types of loans for people investing in short-term rentals [11:30] The second home loan/ vacation home loan requirements [15:45] What is a conforming loan, and how is it different from Debt-Service  Coverage Ratio (DSCR) loans?     [17:17] Projected rental income vs. established rental income [19:20] Which loan products require projected rental income, and which products  require established rental income? [20:36] Best types of mortgage loans for people with a low down payment [23:27] Strategies you can use to keep your Debt-to-Income(DTI) ratio low [27:44] The difference between mortgage preapproval & mortgage prequalification [29:27] When should you start the preapproval process if you are looking to  purchase a property? [31:17] The lightning round: ●     Where is your favorite place to vacation? ●     What's one place you've never been to that you want to visit? ●     What's one thing you know now that you wished you knew when you started out in the short-term rental business? What's the best piece of advice you've ever been given? ●     What's one thing and/or person that you are grateful for today? ●     [38:47] How to connect with Brenna Carles   Notable Quotes ●     “You need to have a purpose in what you are doing, and you need to see how that can make a difference in other people's lives as well.” [34:21] ●     “Do everything you do with your heart. Look at why you want to do it, and be honest with yourself.” [34:51]   Love the show? Subscribe, Rate, Review, Like, and Share!   Let's Connect! Follow Brenna Carles on; ●     Website: https://mortgage.shop/ ●     Email: brenna@mortgageshop.co ●     Facebook: https://web.facebook.com/themortgageshop.co                : https://web.facebook.com/groups/213655084107624 ●     Instagram: https://www.instagram.com/the.mortgage.shop/ ●     YouTube: https://www.youtube.com/@themortgageshop7615 Connect with Stacey St. John ●     Website: https://staceystjohn.com/ ●     Instagram: @stacey_st.john ●     Facebook: https://www.facebook.com/stacey.s.john.9/ ●     Female Short-Term Rental Investors Facebook Group: https://www.facebook.com/groups/911671659592801    To book a free consultation with Stacey: https://bit.ly/3FUd454

This week Avery is joined by real estate attorney, Bonnie Galam. Together they discuss LLCs, whether or not to register them for every property, what state to register them in, and more. Bonnie gives some advice on what to do if you accidentally swipe the wrong credit card, owner anonymity and asset protection. How to connect with Bonnie: bonniegalam.com Instagram: bonniegalamesq How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery is joined by Kelly Cronin to discuss all things exotic STR. Kelly shares some stories about remote and off grid investing, and gives her advice on how to pick the right property manager for these kinds of properties. They talk about buying in Puerto Rico, supplying items to remote properties and more! How to connect with Kelly: Croninscastles.com Instagram: Croninscastles How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery chats with investor, Tony award winner, and author Matt Picheny. We've had many guests on the show to talk about the renting side of arbitrage, but Matt is our first guest who is able to tell us about the owning side of an arbitrage deal. They also talk about transitioning from the arts to real estate, and more! Matt is a real estate investor, Tony award winner, and author of the #1 best-selling book Backstage Guide to Real Estate. With over 15 years of experience revitalizing and elevating communities through real estate investment, he's invested in over 10,000 apartments nationwide. Matt is a licensed real estate agent and have earned both Commercial Real Estate & Real Estate Finance certificates from Boston University. Matt is a PMI certified Project Management Professional and digital marketing veteran whose 18-year career in the advertising world included working for some of the world’s largest advertising agencies, producing award-winning projects for Fortune 500 clients including Verizon, IBM, and Coca-Cola. Connect with Matt: Picheny.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery sits down again with property manager Julie Gates. Julie has one important PSA for us all: Photos and decor matter! Avery and Julie talk about some exciting updates coming to booking.com, Expedia/VRBO, and how to use photos and decor to set yourself up for success. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery sits down with Jonathan Farber, host of the Millenial Millionaires Through Real Estate podcast. Jonathan gives us his thoughts why you could keep buying long term rentals(as well as short term). He also gives us some insight on how he uses virtual assistants, how he delegates his tasks, and when to implement virtual assistants. Jonathan is a side hustle real estate investor. He was able to achieve financial freedom at 27 and leave his corporate enterprise technology sales job to focus on traditional rentals, short term rentals, airbnb arbitrage and wholesaling, podcasting and course creation. He started with househacking from 21-25 and then started buying traditional rentals and short term rentals with creative acquisition and financing strategies. Jonathan has done this through the use of virtual assistants, systems and a few close team members. He has trained and hired over 5 VA’s who currently help with the day to day and growth of the business. Jonathan grew up in New York and currently splits time between Raleigh, North Carolina, Florida and Long Island. He played golf for Hofstra university and still loves to play. How to connect with Jonathan: https://jonfarber.co/ Instagram: @jonjfarb How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Avery has a really wonderful conversation with commercial airline pilot, speaker and coach, Steve Rozenberg. Steve shares many stories with us from his 20 years of experience in the real estate industry. Avery and Steve discuss wholesaling and flipping, almost going bankrupt and the importance of identifying your goals as well as using strategy to achieve them. How to connect with Steve: @RozenbergSteve steverozenberg.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Re-Release # 1 0f 10 to end 2022!    Join Nick Lamagna as he sits down with guest Avery Carl who is the Founder and CEO of the Short Term Shop and was a millionaire by the age of 31!  The Short Term Shop specializes in helping investors locate, analyze, and acquire profitable short-term rentals in the most stable markets in the country. As a Wall Street Journal Top 100 Agent, she has helped more than a thousand clients close on short-term-rental deals.  Avery went from a punk rock musician in NYC and soccer player to become an extremely successful investor not only helping others reach their financial goals but also investing in her own portfolio including short term rentals and multifamily real estate adding up to over 100 doors.  She now hosts the Short Term Rental Show, owns a title company, The Mortgage Shop, Brokerages and has a new book out published by BiggerPockets called, "Short-Term Rental, Long-Term Wealth. Topics for this episode include: ✅ How to pick markets for short term rentals and Airbnb ✅ How to get funding for short term rentals and Airbnb ✅ How to make money on real estate deals other investors are passing on  ✅ How to structure a partnership for AirBNB/Short Term Rentals  ✅ Should you buy now or wait for the market to cool ➡️ More! See the show notes to connect with Avery!  Text Nick today to do some real estate deals together whether you are new or experienced at (516) 540-5733  --- Connect with Avery: http://theshorttermshop.com/ The Short Term Shop on Instagram Avery Carl on instagram Get the "Book Short Term Rental Long term Wealth" Here Listen To The Short Term Show Podcast Here The Short Term Shop on Twitter Avery Carl on LinkedIn The Short Term Shop on Youtube The Short Term Shop on Facebook --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

On this week's episode of the Short Term Show, Avery sits down with Future Flipper COO Brian Davila to talk all about flipping. Brian gives some tips on scaling and building systems, how to vet your contractors, and gives us his advice on keeping your contractors on time and on budget. How to connect with Brian: @TheBrianDavila How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

On this week's episode of the Short Term Show, Avery picks Ryan Bakke's brain on all the ways to optimize your real estate taxes. They go over REP status, how to lower your tax bracket for retirement, self directed IRAs, HSA accounts and more! How to connect with Ryan: learnlikeacpa.com @LearnLikeACPA How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

On this week's episode of the Short Term Show, Avery does a deep dive on franchises with Kim Daly. Kim gives some helpful tips on how to get started, how to choose the right franchise for you, how to keep your mindset right and more. Kim and Avery discuss buying new vs established franchises, the major pitfalls to franchise investing and Kim also breaks down the hefty investment costs. For the past 20 years Kim Daly has been helping entrepreneurs, investors, and stuck 9-5 professionals take control of their lives and step out of the corporate cycle by investing intelligently in the franchise businesses and become "franchisepreneurs." She is an international best-selling co-author of Franchising Freedom and the founder and host of the Kim Daly TV YouTube channel. Before becoming a franchise consultant Kim was an entrepreneur and highly sought after consultant in the health and fitness industry working with brands such as Denise Austin, Dr.Denis Waitley, Gold’s Gym and eDiets.com. She is the creator of “The Daly Plan” – a millionaire mindset coaching program that enabled her to build the largest franchise consulting business in the history of franchise consulting in 2012. She aspires to be the most influential and motivational voice in the franchise industry. Kim is a mom of two teenage boys. She is passionate about fitness and nutrition. She lives on the beach in Southern New Hampshire where she loves to ski in the winter and workout year round. How to connect with Kim: kimdaly.tv How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

On this week's episode of the Short Term Show, Avery chats with Pat Hiban, author of The Quitter's Manifesto. They discuss all things from getting out of brokerage and into investing to the always changing short term rental laws and more. Avery and Pat also discuss the importance of not only diversifying your portfolio, but also your investment locations. Pat discusses a few sections from his new book, The Quitter's Manifesto. How to connect with Pat: quittersmanifestobook.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

This week Avery has a very exciting panel discussion with some of the top STR agents around. Derek Tellier, Tim Grillot, Kelsey Ardoin and Jeff Brown join Avery to discuss finding deals in the current market. They go over what to look for, what questions to ask yourself and your lender, and how to avoid analysis paralysis. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

This week Avery does a deep dive on all things Relay with CEO/Co-Founder, Yoseph West! They discuss the ease of integrating Relay bank into your systems, the convenience of having the ability to create different cards for different purposes, and more! How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

This week, host Avery Carl chats with the CEO and Co-Founder of Hostfully, Margot Schmorak. They discuss the future of property management software companies, software integrations, the importance of guide books and much more! Margot Schmorak is the CEO and Co-Founder of Hostfully. She has spent her career working on community-driven products that help businesses and entrepreneurs get closer to their customers. Prior to Hostfully, Margot worked at Apple, leading marketing initiatives for the first iPhone Developer Program before joining ServiceSource (NASDAQ: SREV) as VP of Marketing and Strategy and Head of Sales Strategy for the $250M business. Margot loves food, travel, music, and learning. She holds an MBA with Distinction from the University of Michigan and a BA in Economics from Vassar, and lives in the heart of San Francisco with her husband Ari and three young children. How to Connect with Margot: hostfully.com @Schmorak on Twitter Email: Margot@hostfully.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

On this week's episode, Avery chats with Kyle Stanley about all things arbitrage and cohosting! How to connect with Kyle: fearlesskyle.com @fearlesskyle on Instagram How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Diya Liu about switching from STR to commercial and the ins and outs of owning boutique hotels. How to Connect with Diya: @DiyaESQ on Instagram How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Amanda Han and Matt McFarland about cost segregation studies, real estate professional status, and legal entities. How to Connect with Amanda and Matt: keystonecpa.com How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

On this week's episode, Avery has a very exciting panel discussion with Dr. Rachel Gainsbrugh, Bill Faeth and Michael Sjogren! They discuss the importance of learning from others, the drawbacks to free content, finding a mentor who aligns with your goals and more! Connect with Rachel - 75gems.com Connect with Bill - Tiktok, Instagram, Facebook: Bill Faeth Connect with Michael - strsecrets.com, Instagram: @theairbnbguy, Youtube: Short Term Rental Secrets How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Brandon about making money on social media, owning a castle, and renting your vacation home. How to Connect with Brandon: @thebrandonrobert on TikTok and Instagram How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Sarah and Annette from the Thanks for Visiting podcast about metro markets, hotelifying your STRs and unconventional rentals. Connect with the girls from Thanks for Visiting: https://www.thanksforvisiting.me/ https://podcasts.apple.com/us/podcast/thanks-for-visiting/id1451872835 Instagram: Thanksforvisiting_ How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Atticus and Beth about scaling quickly, keeping your W2, and how to find deals during a hot market. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Julie McCoy, Reagen Natho and Natalie Walthour to break down new construction of short term rentals. They discuss the differences between spec builds, custom builds and pre construction builds. They also talk about lot specs, closings and more! How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Derek and Tim about psyching yourself out of making offers, getting emotionally attached to your properties, analysis paralysis and much more! How to connect with Derek and Tim: https://www.facebook.com/groups/shorttermshop How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Tyann about filling the needs within your market, Touchstay, and 1031 financing. Tyann has been a vacation rental host since 2007, beginning with her properties in Branson, Missouri. She began Missouri Haus in 2017, renovated the Bank Haus and Katy Haus in 2018, and then began managing vacation rentals for other owners. Tyann is considered a leader in the vacation rental industry, mentors other vacation rental owners and hosts through the VR Mastered #vacationrentalbootcamp, and is the Global Community Ambassador for Touch Stay digital welcome books. How to connect with Tyann: https://tyannmarcink.com/ Instagram: @TyannMarcink Twitter: @TyannMarcink Podcast: The Guest Cast How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Chuck Kramer about getting started in real estate after retirement, using commercial financing and local banks, and scaling into a new market. Chuck Kramer is an investor and entrepreneur who worked for 30 years in I.T. before retiring at 53. He loves spending time with his family and travelling. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

In this week's episode Avery Carl chats with Russ and Joe about short term arbitrage, infinite banking and ...OJ Simpson? Russ and Joe are the cofounders of Wealth Without Wallstreet, an online community that seeks to re-educate business owners & families how money truly works. Their goal is to teach people how to enhance savings, increase cash flow and create passive income all without the help of Wall Street. The secret to doing this is having your money work for you, not someone else. They also host the Wealth Without Wallstreet Podcast. https://www.wealthwithoutwallstreet.com/ https://www.wealthwithoutwallstreet.com/podcast How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

In this week's episode Avery chats with her husband Luke about self managing your properties, seaonal markets and the most common issues stopping people from booking your rental. Luke Carl Luke is the co-founder of the Short Term Shop as well as director, and president of education and self-management specialist for the Short Term Shop. He bought his first investment property in 2012. He has since done every trick in the book; House hack, BRRRR Method, HELOC, 1031 Exchange, Single Family, Small Multi-Family, Apartments, LTR, & STR. He has over 3000 reservations on his STR resume, and is the creator of the Enemy Method. He currently holds over 200 doors in 6 markets in 4 states. He is an avid runner, has 2 children, and a Rockstar wife. How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/ The Short Term Show is made possible in part by our sponsors. Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Host Avery Carl chats with Mark Simpson about the importance of property management software, becoming the “go to”, and collecting data with Stayfi. Mark is the host of The Boost Hospitality Podcast, the creator of The Hospitality Community Facebook Group and Recently Named one of the Top 20 Consultants in the Rental Industry. He’s coached and consulted with thousdands of short-stay accommodation owners to help them increase their direct bookings and cut down on their over-reliance of the Online Travel Agents. He dedicates his time assisting hosts to improve their knowledge and learn valuable marketing skills to drastically increase their direct bookings, build better websites and create killer marketing campaigns. How to connect with Mark: https://boostly.co.uk/ Instagram: boostlyuk How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Host Avery Carl chats with Rod Khlief about losing money in a recession, playing to your strengths, and FOMO sellers. Rod Khleif is a seasoned and passionate real estate investor who has personally owned and managed over 2000 apartments and homes. Rod has combined his passion for real estate investing with his personal philosophies of self-actualization, goal setting, envisioning, and manifesting success to become one of America’s top real estate investment professionals. How to connect with Rod: rodkhleif.com Instagram: rod_khleif How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Host Avery Carl chats with Bailey Kramer about dropping out of college, creative financing, and direct-to-seller marketing. Bailey is a Real Estate Investor & Entrepreneur. Bailey uncovered his passion for real estate early in his life and bought his 1st investment property at just 20 years old! Since then Bailey has focused on growing his portfolio of long-term rentals and short-term rentals! Bailey also founded his own co-hosting company and manages 8 Airbnb properties in 4 different states! How to connect with Bailey: www.baileykramer.com Instagram & TikTok: The_Bailey_Kramer How to connect with Avery: The Short Term Shop - https://theshorttermshop.com/ Follow Avery Carl on Instagram - @theshorttermshop 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 up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Brenna Carles is the CEO and Founder of The Mortgage Shop, and is a close coworker of Avery’s. She is a true expert when it comes to mortgage lending and is on a quest to make everyone’s real estate investing dreams come true. She is an expert when it comes to obtaining loans for vacation homes, short and long-term rentals, as well as building a strong foundation of generational wealth. With a vast knowledge of the different types of loan options that exist, 1031 exchanges, and how to build out real estate portfolios with a wide range of financing options, both Avery and Brenna are true experts in their craft. They speak about the evolution of different types of interest rates, the diverse loan options that exist in the market, as well as how loan options might differ both situationally and with different investment options. They both provide their expert insight into what it means to be an educated buyer, avoid common mistakes, and guarantee success whether you are a new investor or have several properties in your tool belt. How interest rates have evolved How COVID prompted people to get into real estate Managing different types of loans while staying safe How to get your start in the investing world Understanding DSCR Loans DSCR loans or long term vs short term rentals Benefits of conventional financing vs complicated loans Why certain loans are more expensive than others How higher interest rates help people make money Importance of being educated when working with a loan enforcement officer How to be an educated buyer Understanding gift funds Definition of non-warrantable condos The Morgage Shop The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

The term “cute” has become more derogatory than complimentary, with the general populace attaching this adjective to things that are often brief, small, economical, or just plain short.People are more inclined to want/purchase/own BIG things, and anything less is NOT worth having. Sadly, this mindset carries over when people think of Real Estate Investing.Like somehow, the only way to achieve financial freedom is through huge properties being offered for long-term lease…That's a major pitfall because for want of the “grandiose”, a lot of people miss out on opportunities!Because believe us, “cute” is the LAST THING you'll think of when you see the ENORMOUS EARNING POTENTIAL of Short-Term Rental Property Investments.Take it from Avery Carl, who went from a 37k salary to a real estate investment portfolio of 100 doors in 5 years through strategically investing in short term and vacation rentals, which allowed her to grow her portfolio more quickly.She is the author of "Short Term Rental, Long Term Wealth," and the host of "The Short Term Show" podcast. She is the CEO and Founder of The Short Term Shop, a real estate agency that works exclusively with short term rental investors, and the Mortgage Shop, a mortgage company that focuses on short term rental investors.The Short Term Shop has not only connected investors with just under $1 billion in cash flowing short term rental assets, but also provides training on managing vacation rental assets remotely to all clients so that they can maximize their short term rental investment income. This allows them to reach financial independence and to grow their portfolio more quickly.What exactly are short-term rental properties and where do I find them? How do I snowball my investments into long-term wealth without local managers? If short term rentals make so much money, why do you also own so many long-term rentals?Learn more from the source!Check these out to learn more about Avery Carl and Short-Term Rental Property Investing:Website: theshorttermshop.comIG: @theshorttermshopPodcast: The Short Term ShowTune in to learn more about the hottest and most relevant information on real estate investing!Thank you all for listening and I will see you on the next episode. When you are ready head on over to https://billyalvaro.com or go grab your tools to help you at https://billyssecrets.com

Avery Carl is a seasoned real estate investor and a co-founder of The Short Term Shop. Avery specializes in connecting investors with short term rentals with the highest ROI potential and then training them to manage their short term rental from their smart phone from anywhere in the world. In this episode, Avery tells us about short-term rental strategy, hot markets, returns, and what you should know about short-term rentals in contrast to long-term rentals.     https://theshorttermshop.com/  --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's up everyone? Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Avery Carl, distinguished author, speaker, investor, agent, mortgage broker, she does it all and she's going to be talking to us today about things you need to be aware of when looking for short term rentals. So let's get right into it.   Avery Carl, thank you so much for taking the time to hang out with me today. I really appreciate you coming on.   Avery: Thank you so much for having me.   Michael: No my pleasure. So I think a lot of our listeners probably already know who you are. You've got quite a bit of notoriety behind you. But for anyone who's not familiar, can you give us a 32nd elevator speech on who you are, where you're come from and what it is you're doing real estate?   Avery: Yes, yes. So my name is Avery Carl, I am the author of Short Term Rental Long Term Wealth of about investing in short term rental properties. I'm a real estate investor, I own 100 doors, but eight of them are short term rentals. And I was able to scale from zero to 100 doors over the course of about five years with a starting salary of $37,000 a year. Because I invested mostly in short terms at the beginning of my portfolio. So since those cash flows so much heavier than long term, I was able to scale much more quickly than if I'd started with traditional long terms.   I also own the Short Term Shop, which is a real estate agency that focuses exclusively on working with short term rental investors where not only do we act as the real estate agents to help them purchase their property. We also teach them everything they need to know about managing their property remotely. We help them get it all set up on the the listing sites and teach them the ropes of remote self management. We've helped about 4500 families, build some generational wealth through real estate investing there. And then I also, own co own The Mortgage Shop, which is basically the mortgage counterpart of the short term shop, we focus mostly on short term rental investors there as well.   Michael: Oh, that's awesome. So you were doing short term rentals before it was cool. It sounds like   Avery: Yeah, oh, just slightly before. Michael: That's awesome. And so what is it, you think that people need to know if they're just getting started in the short term rental business?   Avery: So I think the main thing to know is that it's you don't have to live in the city or even drivable to the city where you're investing, you can't always live in the best place to invest. So getting comfortable with long distance real estate investing, can make sure that you are able to make the most lucrative investment in short term rentals.   Michael: That makes total sense. And what a place to have you on The Remote Real Estate Investor. It's perfect. So how do you evaluate what a short term rental market looks like? Because doing the long term thing, I think is relatively easy. I can go on Zillow, I can go on property manager websites and see okay, what is the rent, the monthly rent versus what are my expenses ballpark? And what is the price? So what is it that you're looking for in a short term rental?   Avery: I'll start by saying there's not necessarily a black and white right or wrong way to do it. There's a certain way that I do it. But there are three types of markets that you can invest in short term rentals. The first one is the Metro market. So like Nashville, Austin, New York, places like that. The second is the big fly-to I call it fly-to vacation rental markets. So these are, these are the markets that people are like saving up all year to take a big vacation to like flying to Aspen flying to Hawaii, places like that.   Michael: Okay. Avery: And then the third type, which is the type that I focus on exclusively with myself and my clients, is the regional drivable vacation rental market. So these are areas that the majority of people that travel to them are traveling between five and eight hours by car like the Smoky Mountains in Tennessee, Panama City Beach, Florida, Big Bear in California, places like that, where people aren't necessarily taking these big, expensive vacations, they're really affordable, and they're really accessible. So that's the type of market that I focus on.   Michael: That makes sense. And I actually just bought my first vacation rental out in the Smokies. And I'm very excited to hear all the all the big news about it.   Avery: Awesome.   Michael: Yeah. So curious to know when I think one of the biggest hurdles or biggest risks that people see with short term rentals is changing jurisdictions, or jurisdictions changing their laws or ordinances. And so what's something that people can do to combat that or to be ahead of that curve when when looking at short term rental markets?   Avery: So choosing the market is really going to be your biggest the biggest thing to get through in terms of getting past that. So I used to have an office in Nashville where we sold short term rentals, I shut it down because Nashville is really really volatile in terms of short term rental regulations. So that's why I focus on the regional drivable vacation rental markets because they're typically areas like take the Smokies, for example. People have been coming to this monkey since the 60s and 70s and staying in cabins rather than hotels. Also, Destin, Florida where I live right now, I'm there where I'm actually reading a really nerdy book about the history of this area.   MIchael: Awesome.   Avery: And there were actually vacation rentals that people rented here in the 20s before they actually even had electricity out here. So these are areas I focus on areas that short term rentals are not a new thing. As of the inception, inception of Airbnb focused on areas that people have been staying in condos, beach houses, cabins in the mountains since well before Airbnb existed. So you run into the problems with the changing of jurisdictions and things like that. It mostly in Metro markets, it does happen in vacation markets as well. But it's mostly Metro markets or areas where people have historically stayed in hotels like Nashville, for example. There were not short term rentals or were not vacation rentals until Airbnb came along. Everybody who came to Nashville up until mid 2000 stayed in hotels, there's also a lot of primary residents because there's a lot of industry outside of tourism in Nashville. So there's a lot of jobs, there's a lot of primary residence.   So the, when, Airbnb came along, and investors started realizing how much money they can make in Metro markets. You know, obviously, a lot of investors moved in, started taking market share away from the hotels started making primary homeowners angry because they're moving into what was previously a quiet neighborhood where people are trying to raise their kids opening up Airbnbs, Nashville is like, you know, the bachelorette party capital of the world, you can see why you might not want that happening next door to where you're trying to raise your kids.   So it's the hotel presence and primary owners, primary residents that kind of come together to make anti short term rental regulations happen so that we stick to those markets where the cities and counties figured this out a long time ago figured out how to monetize it a long time ago. This is the way that it's always been. And the cities and counties are just way too dependent on the income from short term rentals financially to ever really regulate against them.   Michael: That makes so much sense. I love it. So, so something that I like a personal take that I've had on short term rentals is I've always said, Well, I'll invest in a short term rental if it also makes sense as a long term rental because I'm scared of the ordinance or law changing, but it sounds like for you because you've really done your homework. That's not a concern that you have. Is that fair to say?   Avery: Yeah, yeah. So and that's kind of, you know, a pro and a con of vacation markets versus Metro markets as Metro markets, you could convert to a long term, probably if the numbers make sense. But in like in the Smokies or in Destin, or any of our other markets that we that we operate in, there are more short term rentals. And there are people who actually live in those areas, because it's so heavily dependent on tourism, that if something came along and like wiped out all the short term rentals, you probably would not be able to convert to a long term just because there there's not enough people to meet that.   But again, that's these areas have been through decades and decades of economic ups and downs. So they're still tourists coming and they're coming heavy. So, you know, we, we feel pretty confident about it. And then if there was anything that was going to come along and sweep away all the short term rentals, it would have been a global pandemic. And it actually had the opposite effect. So I think we're pretty good. We're feeling pretty good about it.   Michael: Awesome. And you took the words right out of my mouth, I was gonna ask how was it for you? Because you've been involved in this over five years. So through through the pandemic, what did you see in your short term rentals during that time?   Avery: Sure. So short term rentals still, as of 2020, being a little bit of an of a new asset class, when COVID came along. And we had at the time that we had five short term rentals and maybe like 20 or 30 long terms, when COVID happened, we thought, Oh, crap, they're the short term. They're the apartment building investors were right. This is like an early adopter crowd. Right? Great. Well, at least we have our long terms because if somehow if this kills the short terms, we at least have long term. Well, actually, it was the opposite.   So you know, we sat on the couch and watch Tiger King for two weeks and open back then the doors got blown off. We we were getting higher prices per night than we've ever seen. We still are. All of our income has increased in all the markets we invest in across the board, but actually the opposite of what we thought was gonna happen. happen, so we didn't have to worry about the short terms. They're doing great better than they ever have. But we had to worry about our long terms because of the eviction moratorium. So, luckily, we only had one eviction and that person was a problem well before COVID. So we actually came out our entire portfolio came out just fine. Really no change on the long term front, but the short term is just skyrocketed.   Michael: I'm glad to hear it. I had a similar experience with the long terms and I was so thankful for it. So NACA continues. So Avery I'm curious and let me know if it's market dependent. And we can talk kind of market specifics, but I'm curious to know what type of property condo townhome apartment single family cabin do you target for your short term rentals?   Avery: I personally do only single families. Condos work really, really well in beach markets. Nothing wrong with condos. I just prefer single families. Condos don't work so well. In mountain markets. Typically, the tourists and mountain markets are more interested in staying in cabins. I don't I know a lot of people are kind of trying to get into the multifamily short term rental thing to me that's like, that's a hotel guys that's been already done. Like they're like, Oh, we're gonna do multifamily short term rentals. Nobody's ever done this before.   Michael: I'm a genius. Yeah.   Avery: So we stick to this to single families, we have Multis for it in our long term portfolio that we stick to single families mostly.   Michael: Okay, awesome. And so here's like a massive dichotomy between the long term in the short term market, in the long term, there's a price point for single family, which that's not going to cash flow, because you're rents just not going to keep up versus your long, you seem your short term. Does that occur? I mean, is there a spread at which Yeah, I'm just paying too much money for the purchase, that the rental income is not going to support it? Or does that not exist?   Avery: Yeah, sure, there's definitely a limit. But the thing about short terms is like it's, they're more difficult to analyze, because it's always a range of what a property will be able to do. Whereas in long term, it's like, this is the rent, this is going to be the rent all year. And unless you go in and get the property and do all this updates, that's what it's going to be we're short term, that's always kind of a range, because you know, a week, in the second week of February, you're gonna be making way less money than the second week of July. So it just kind of depends.   And then also, there's a range of the income that can make really just based on how you manage the property. So I mean, for example, even if two people own the exact same property right next door to each other long term rentals, they're making the same no matter what short term, even if they manage everything exactly the same. But one person has a two night minimum night stay, and the other person has a five night minimum night stay, the two night minimum night stay person is gonna make more money because they have less poles in their calendar that 1-2-3 and four days long. So even just little tweaks like that can make a difference. Although there there does come a point that like a two bedroom, the most a two bedroom is ever going to make is here. And if the purchase price is here, then it doesn't make sense. So you just have to get a lot of different data points for your analysis.   Michael: Yeah, makes total sense. And so to that end, how do you recommend folks evaluate the properties of potential income from an expense perspective? Because that's something I've seen is massively different than your long term as well. So what do you recommend to folks?   Avery: So I recommend there's a there's several different places you can get data for what for the short term rental performance air DNA is one of them, it's not perfect, it's decent, good enough. Rabbu is another one, Rabbu has some pretty good data. Price Labs, which is actually a pricing manager that you would buy, when you buy a short term rental, you get a subscription to this to help you price your property, it has a function called the market dashboards, which will give you a pretty good data on properties in that market. So I recommend getting data from two or three different sources.   And then as far as expenses and things like that. So in conjunction with looking at the number, numerical data, and the short term shop we read, we preach something called the enemy method, which is where you go in on Airbnb and VRBO. Zoom in on the neighborhood that you're interested in buying in and look at your enemies or your neighbors enemies just kind of tongue in cheek. But then there's a few things you're looking for when you do the enemy method. So a there there are things that the numbers in the data can't tell you like the intangible reasons that the properties are performing the way that they are.   So you're going in, you're looking for outliers, like you know, if you've got a four bedroom that you're looking at, and next door is like a four bedroom dump with terrible pictures, and the host never responds. So it's like way, way, way down on the search results and never get seen. Well that's going to drag the data down, you're going to be able to do better than that one obviously.   Or conversely, if next door is another four bedroom that is just like the craziest four bedroom anybody's ever seen. And it's like celebrities rolling in and out in there and you're like making they're charging a million bucks a night to get to meet these celebrities at your house. Well that's gonna drag the data the other direction. So you're looking for that you're also looking for what you your enemy's cleaning fees are because that's gonna be a big one for you.   And then the rest of it is very similar to as if you were purchasing the house for a primary home like in terms of internet costs, utility costs, things like that, I found that my maintenance costs in short term are less than in my long term rentals, they're more like 1% of my income. Just because you have a cleaner in there who's professionally cleaning two, sometimes three times a week, so nothing ever really falls into that much disrepair if your cleaner is doing their job and you know, letting you know, stuffs happening. Whereas my long terms, you know, they're doing God knows what in there all year, maybe two years, maybe three years, however long they say. And when they when they move out. i   Michael: That's when you find out about it.   Avery: Yeah, paint carpet cabinets, the whole thing.   Michael: Yeah. Okay, that makes a ton of sense. I want to shift gears a little bit here and talk about a topic that's very near and dear to my heart, which is insurance. And so how do you insure these things? Because it's this kind of unique thing that I feel like a lot of insurance companies really haven't wrap their heads around yet.   Avery: Yeah, so you definitely want to get short term rentals, specific Insurance Proper is the biggest name in that space. They're also the most expensive, but they do have pretty comprehensive coverage, like all the way down to covering loss income, if you get bedbugs. Um, some insurance companies are kind of catching on and adding short term rental riders that you can add on. You also want to or I recommend any way of getting a commercial umbrella policy, in addition to short term rental specific, just to make sure that you're totally covered. And I get this question a lot because Airbnb and VRBO do offer a million dollars worth of liability coverage, when you sign up with them. And a lot of people are like, do I need insurance? In addition to that, yes, 100,000% Do not rely only on what Airbnb and VRBO provide, because their goal is to not have to pay bat. So better to be over insured than under. So definitely make sure that you're getting STR specific and a commercial umbrella.   Michael: Okay. And so kind of in that vein, if someone's owning the short term rentals in their personal name, do you think an umbrella a commercial umbrella is still appropriate? Or could they just add it on to their maybe existing Personal Umbrella?   Avery: You could it just kind of depends on your entire financial picture. And really just kind of a number of things. So it's hard to answer. But I would recommend just everything you can get get it no better to have it and not need it than need it and not have it.   Michael: No, I'm right there with you. And it's one of those things like you're only gonna know how much you really needed after a loss or after a claim. And by then it's a little bit too late. So I'm with you. 100%. All right.   And then. So shifting gears here again, how do you purchase these things, and it's so perfect that you you own the mortgage shop. And so, because there are short term lenders out there, but I feel like they're kind of few and far between and if you start talking with your traditional lenders about I'm doing short term rentals, like I don't know, so what are some things that people should be looking for? And what are some products that the mortgage shop offers that people might be able to take advantage of.   Avery: So we have three main products that most people use, a lot of people use that 10% down vacation home loan, that's a conventional product, there are rules that you want to make sure that you are following in regards to doing that meaning you do have to use the property for I think it's about two weeks a year. You are there's nothing nothing out there prohibiting you from renting it on Airbnb and VRBO the rest of the year when you're not using it, but you you know, what you don't want to be doing is skirting the rules and like you know, trying to like syndicate with a bunch of people using 10% downs and like taking equity there and all that don't skirt the rules because you're going to get the product taken away from all of us.   Michael: Don't ruin it for everyone.   Avery: Yeah, if any has caught on to people abusing that for buying like I saw somebody in a Facebook group the other day that was like yeah, that second home loans awesome. I've got two on the same street as me that are both second homes and like that, there's none like they totally like lied, they had to have lied to their loan officer to even get that because one of the main things is it has to be there's not a specific mileage amount that it has to be away from your primary, but a lot of lenders use like 50 miles or 65 miles because it has to make sense you're clearly not vacationing and you so that part that's the kind of thing that will get it taken away from from everyone but if you want to buy a vacation home that you're gonna use for two weeks out of the year and rent it the rest of the year, you can totally do that for 10% down so a lot of people do that.   We also have a 15% down investment mortgage, let me sorry, investment mortgage investment loan that is also conventional. So if you just want to use this is a pure investment 15% down you don't have to worry about all the second home rules you can just do it that goes up to the jumbo limit which I think is like a 725 ish or 750 purchase price on Have a look. And then the biggest one that people have been using lately, is what's called a DSCR loan. So that's a debt service coverage ratio loan, it's kind of a mix between a portfolio and a commercial loan. So it's not conventional. So the interest rates going to be a little bit higher, it is 20% down, but you can close it right in your LLC, it doesn't take into account any of your income or debt or debt to income ratio, all that it counts on to qualify is will the property make the same amount as what the mortgage payment will be on a one to one ratio.   So if the mortgage payment is 2000 bucks a month, all we need to see is that the property will make 2000 bucks a month in income, and then you qualify. So that's a really, really great one, especially for people who maybe have switched from w two income to 1099 income. And they don't have two years to show yet. Or maybe you're out of conventional lows, because you can only have 10. Or maybe you have the downpayment, but your debt to income is a little wonky. So a lot of people are using that DSCR loan just because you can drop it right in your LLC, you can have unlimited finance properties, and it's just a lot easier to deal with and not having to qualify based on your own income.   Michael: Yeah, that's amazing. And so when you say a one to one ratio for the mortgage payment, are you talking principal interest, taxes and insurance as your mortgage payment are truly just principal and interest?   Avery: Principal interest taxes in an insurance? So, um, the way that it works? Like I mean, you wouldn't be buying a property that wouldn't make at the very least, that each month,   Michael: I should hope not,   Avery: Because it's not a good investment. So I've actually had never seen one not go through unless you're buying a really weird remote area where no one has ever short term or long term rented before, then that would be probably a gray area, but in the big vacation markets and Metro markets and things like that. I've never seen one not, you know, not go through.   Michael: Awesome. What a cool product. That's great. And Avery, I'm curious to know, from your experience, where do you most new short term investors go wrong? Where do you where do you seeing them then botch themselves?   Avery: Analysis paralysis, just like anything just like any asset class, all real estate investing? The number one thing that stops people from getting started is analysis, paralysis, and short term is no different.   Michael: Oh, that's great. That's great. And so I'm just curious to know, as well, you mentioned some of the markets that you're currently investing in, and you've got investors and both personal properties. Where is the new hot place.   Avery: Um, so our newest market that we've opened an office in that I'm really excited about, probably the next place that I'm going to buy a short term rental, probably next year is the Crystal Beach, Texas market. It's right, right next door to Galveston, and the returns there are actually higher than the Smokies, which up until now has been our highest return market. It's also one of the most expensive markets, you know, in the Smokies, it's going to be a million dollars for a five bedroom maybe a little bit more. And to get a beach front or like second to your back beach property, you can get a five bedroom like a nice, pretty new five bedroom new construction for like the 700 range.   Michael: Wow.   Avery: So and make almost the same income as the Smokies. So don't quote me on that it's a case by case basis, obviously. But across the board the returns, they're really, really exciting.   Michael: Oh, that's amazing. And when you say returns are high, what are we talking in terms of percentage cash on cash?   Avery: So it depends on what kind of loan you do. Because obviously, if you do a 10%, down vacation how long your cash on cash can be twice the amount of what it would be, if it's 20%. But I mean, you're looking at 30%, like without issue. So depending it depends on what kind of loan you get. But even with a 20% down, like you're looking at some at least 20% cash on cash. So really, really good.   Michael: Oh, that's an that's amazing. That's amazing. So I'm curious to know, too, and I don't want you to give away the secret sauce that that's included in the book, but what are some things that people should be aware of with regard to professional management versus self management.   Avery: So this is something that I I talk about a lot so and and this is not an across the board thing. I 100,000% have managers for my long term. So it's a different game, we're talking about short terms, exclusively here. So um, if you are someone who is trying to use the income from short term rentals to really Bootstrap and boost that income and buy more properties faster, a traditional style property management company is probably not going to be the partner to help you get there.   Managing one short term rental is really only going to take you about 30 minutes per week. And it's not going to be all at once. It's going to be like I'm responding to a notification here responding to notification there. It's really like answering a few text messages a week. You might have to pick up the phone and call a plumber sometimes but it's really not anything, it's not any significant amount of work.   I have eight. And so to give you some perspective, so the traditional Property Management split and short term rental is average 25%. It was actually 40% When I started, but a lot of self managers and stuff have kind of brought, you know, people have had to lower their rates to stay competitive. But even if I had had a 25% manager this year, my properties are on track to hit an $800,000 Gross this year. So if I paid somebody 20% 25% of that, that's $200,000. This year that's like upper management level salary, to do something that I can do straight from my phone, like, is it work? Yes, but it's very easy work considering the $200,000 that I would be paying someone else to do that for me.   So when you look at it that way, it really makes a lot of sense. Once you get to probably about 10 properties, you might want to hire a virtual assistant to kind of help with things. But the way technology is now with channel managers and pricing managers, almost everything is automated, a lot of the things that were not automated when we started are now automated. So there's really no reason why I mean, really, anyone can self manage if they want to.   Michael: That's incredible. Nicely done. Nicely done. Avery, before I let you go here, I want to talk about your book, short term rental long term wealth, what should people expect to find in it when they pick it up?   Avery: So you will find the first half of the book is about how to choose a market, how to analyze a property, how to find the team in that market to help you so agent, mortgage broker, all those people. And then the second half of the book is actually about how to self manage remotely so that you can keep at potentially $200,000 a year to get yourself started so that you can then grow your wealth through short term rental investing.   Michael: Amazing. And people can pick that up on BiggerPockets calm as well as amazon.com.   Avery: Yes, so right now it's on bigger pockets, calm slash STR book, and you can pre order it on Amazon, it will ship November 14. It is also available on Audible right now.   Michael: Amazing. And if people want to take advantage of the short term rental shop, or the mortgage shop, what's the best way for them to get a hold of you and your companies.   Avery: So you want to go to the shorttermshop.com There's a little box in the middle of the page that says schedule a consultation, hit that button. That's the best way to get started with us. And then for the mortgage shop you want to go to www.mortgageshop.co   Michael: Amazing. Every This has been so much fun. So eye opening any final thoughts for folks before I let you out of here?   Avery: I think we've pretty much covered it. Thank you so much for having me.   Michael: Awesome. Well take care and we'll talk soon I'm sure. Thank you alrighty everybody, that was our episode a big big big, big big thank you to Avery This was so much fun. I learned a ton. If you're interested in short term rentals, I definitely recommend picking up Avery's book as well as going back to this episode and giving it another listen. As always, thank you so much for listening, watching, and we look forward to seeing the next one. Happy investing

Real estate investor Avery Carl of The Short Term Shop and The Mortgage Shop joins True Multifamily to talk about her book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties. Avery went from owning nothing to a hundred doors within 5 years. Thanks to short-term rentals that have heavier cashflows and are easier to finance, Avery grew her portfolio more quickly than she would have otherwise with traditional single-family long-terms. Today, Avery shares all the buts and bolts when it comes to buying and managing short-term rentals and vacation properties. Here are some power takeaways from today's conversation: - The birth of The Short Term Shop - Understanding the regulations around short-term rentals - Metro markets vs. vacation markets - Multifamily vs. short-term - Managing short-term rentals Episode Highlights: Steps in Starting Your Short-Term Rental Business When you're thinking of buying a short-term rental, first go to the city codes or city planning zoning department, which every city has, and check their regulations on short-term rentals. Then pick a house that tourists of that area have come to expect. If it's a mountain area, pick a nice cabin, and if it's in a beach area, then pick a nice beach house. Metro Markets vs. Vacation Markets Metro markets are the big fly-to vacation, tourism-dependent markets. These are expensive markets that people save all year to go to like Mexico, Hawaii, or Aspen. The regional drivable markets are vacation markets that are also tourism-dependent where there are not a lot of jobs outside of tourism. These are areas where the majority of the people who go there are driving, not flying. Because they're accessible and affordable, they're the most recession-resistant. Metro markets are going to have more types of travelers, whether for business or family vacation or needing a temporary place to stay while they're in between primary homes. Whereas vacation markets are strictly vacationers. Multifamily vs. Short-Term Multifamily is easily laid out in a spreadsheet and the rent is the same every month for a year or longer, depending on how your leases are. And so, everything fits nicely into a spreadsheet. Whereas short-term rentals are more of a range because the income over the course of a year is more dependent on the manager than it is the property itself. Resources Mentioned: The Short Term Shop Short-Term Rental, Long-Term Wealth

“Construction touches every aspect of investing, and you can't get around it,” explains Dawn Matze, female general contractor and Founder of Woman Builder. Dawn has been a General Contractor and investor for over years. She engages in an eye-opening conversation with co-hosts Andresa and Liz about the underestimated importance of understanding contracting, investing and the endless ways the two intersect. In today's episode, Dawn shares her profitable advice on what to do before signing a contract with a contractor. As a woman in the field, Dawn is well-versed in how male contractors might try to scam women out of top-notch construction services. She explains the significance of meeting with your contractor in person, as opposed to virtually, to get a feel for their professionality. She suggests questions to ask your prospective contractors such as: do they have insurance, an address on file, their own construction license as opposed to a shared license? The point Dawn drives home for women investors is to hire a contractor that you communicate well with and who respects you as an investor.  Tune into this week's interview episode of the Real Estate InvestHER Show for a conversation with Dawn Matze about identifying red flags in contractors, the proper way to remodel, and why you should NEVER pay a contractor in advance. Then, check out Dawn's Facebook page where you can find her helpful hints on the language of construction, linked below!  Quotes • “Some of the things that are so important for us as investors [is to] realize that construction touches every aspect of investing, and you can't get around it.” (09:49-10:05) • “I mean, if you have figured out how to manage a bunch of men, you can figure out how to make any investment work.” (10:29-10:33)  • “So the thing I think women forget is to communicate directly with that contractor, as if he's part of your team.” (13:00-13:11) • “So, it's really important to know what kind of general contractor they are. Do they look you in the eye? Or do they look at your boobs? You know what I'm saying?” (13:37-13:46)  • “One thing women need to remember is: don't remodel, flip.” (19:34-19:41)  • “There's so many pitfalls. A guy can hold a license...but that might be their friend's license. You have to go into the contractor board in the state in which they hold the license and look it up. And make sure that if it's a company, then you ask them: what is the role that they have in that company? Are they a working general contractor?” (16:59-17:27)  • “There's always potential for rip off. You have to keep your eyes and ears open.” (24:10-24:18)  Connect with Dawn Matze: www.womanbuilder.com IG: @womanbuilderdawn https://www.facebook.com/womanbuilderdawn/ There are so many financing options for short term rentals but make sure you are talking to the right lenders!! For financing options of vacation rentals and short term rentals, check out the Mortgage Shop. The Mortgage Shop has a variety of financing options! Learn more about them here - mortgageshop.co - and learn more about how to find a short term rental here - shorttermshop.com.   Your Voice Matters. We appreciate your feedback and would like to hear from you. Click here to answer a few questions about our podcast: https://airtable.com/shr8fJS0a0uHedcza   How To Join the InvestHER Movement  1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: • Apple Itunes  • Spotify • Amazon Music • Android   • Stitcher    2) The Real Estate InvestHER Membership  Our Membership focuses on three pillars: Real Estate Investing, Business Strategies, and Self-Care. We provide a financial freedom road map for women to create steady recurring income to live life on their own terms. Start today with our FREE membership level.   3) InvestHER Community on Facebook  We have thousand of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    4) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!     5) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris.   Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.   Follow us on:  Facebook: @therealestateinvesther  Instagram: @therealestateinvesther YouTube: Watch our shows here Learn more about your ad choices. Visit megaphone.fm/adchoices

“Construction touches every aspect of investing, and you can't get around it,” explains Dawn Matze, female general contractor and Founder of Woman Builder. Dawn has been a General Contractor and investor for over years. She engages in an eye-opening conversation with co-hosts Andresa and Liz about the underestimated importance of understanding contracting, investing and the endless ways the two intersect.In today's episode, Dawn shares her profitable advice on what to do before signing a contract with a contractor. As a woman in the field, Dawn is well-versed in how male contractors might try to scam women out of top-notch construction services. She explains the significance of meeting with your contractor in person, as opposed to virtually, to get a feel for their professionality. She suggests questions to ask your prospective contractors such as: do they have insurance, an address on file, their own construction license as opposed to a shared license? The point Dawn drives home for women investors is to hire a contractor that you communicate well with and who respects you as an investor. Tune into this week's interview episode of the Real Estate InvestHER Show for a conversation with Dawn Matze about identifying red flags in contractors, the proper way to remodel, and why you should NEVER pay a contractor in advance. Then, check out Dawn's Facebook page where you can find her helpful hints on the language of construction, linked below! Quotes• “Some of the things that are so important for us as investors [is to] realize that construction touches every aspect of investing, and you can't get around it.” (09:49-10:05)• “I mean, if you have figured out how to manage a bunch of men, you can figure out how to make any investment work.” (10:29-10:33) • “So the thing I think women forget is to communicate directly with that contractor, as if he's part of your team.” (13:00-13:11)• “So, it's really important to know what kind of general contractor they are. Do they look you in the eye? Or do they look at your boobs? You know what I'm saying?” (13:37-13:46) • “One thing women need to remember is: don't remodel, flip.” (19:34-19:41) • “There's so many pitfalls. A guy can hold a license...but that might be their friend's license. You have to go into the contractor board in the state in which they hold the license and look it up. And make sure that if it's a company, then you ask them: what is the role that they have in that company? Are they a working general contractor?” (16:59-17:27) • “There's always potential for rip off. You have to keep your eyes and ears open.” (24:10-24:18) Connect with Dawn Matze:www.womanbuilder.comIG: @womanbuilderdawnhttps://www.facebook.com/womanbuilderdawn/There are so many financing options for short term rentals but make sure you are talking to the right lenders!! For financing options of vacation rentals and short term rentals, check out the Mortgage Shop. The Mortgage Shop has a variety of financing options! Learn more about them here - mortgageshop.co - and learn more about how to find a short term rental here - shorttermshop.com. Your Voice Matters. We appreciate your feedback and would like to hear from you. Click here to answer a few questions about our podcast: https://airtable.com/shr8fJS0a0uHedcza How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:• Apple Itunes • Spotify• Amazon Music• Android • Stitcher 2) The Real Estate InvestHER Membership Our Membership focuses on three pillars: Real Estate Investing, Business Strategies, and Self-Care. We provide a financial freedom road map for women to create steady recurring income to live life on their own terms. Start today with our FREE membership level. 3) InvestHER Community on Facebook We have thousand of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 4) InvestHER Meetups Around the Globe We have Investher Meetup members attending in person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! 5) InvestHER™ eXp TeamOur mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide. We have created exclusive content and support for the InvestHER™ eXp Team:*Top skills and strategies to grow YOUR business*How to utilize your “real estate agent” advantage to become a real estate investor*Monthly live masterminds*Become part of Libertas Organization with top coaches, Tim and Julie Harris. Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her. Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvestherYouTube: Watch our shows hereSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Five short years ago, Avery Carl didn't own ninety-six rental units. 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.Now, she manages her own short-term rentals and long-term rentals, she also helps teach others how they too can start investing in short-term rentals and even goes as far as to help them to get financing. All of this was done in a very short time period, and all of it proves that hard work can fuel financial freedom through real estate investing.Click here to listen on Apple Podcasts.In This Episode We CoverWhat to look for in a short-term rental or vacation rental market Why short-term rentals are far more active investing than long-term rentalsStaying up to date on your city's short-term rental laws and regulationsThe software and systems Avery uses to analyze a deal1031 exchanges and using them to massively grow your portfolio (tax-free!)Getting out of the fear of overpaying for a property through detailed analysisAnd So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie FaceBook GroupBiggerPockets PodcastBiggerPockets ForumsBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlThe Short Term ShopThe Mortgage ShopAirbnbVRBOAlpha Geek CapitalAlpha Geek Capital CalculatorYour PorteriGMSSmartbnbAirdnaPriceLabsBiggerPockets PublishingCheck the full show notes here: https://www.biggerpockets.com/rookie122See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.Since we last talked to Avery, she's quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.If you'd like to learn more about building wealth through short-term rental investing, grab Avery's brand new book Short-Term Rental, Long-Term Wealth!In This Episode We Cover:Why having short-term rentals can help real estate investors mitigate riskHow Avery added over seventy more doors to her portfolio in under two yearsThe wrong vs. the right questions to ask when buying a short-term rentalThe five things people need to avoid when making their first STR purchaseWhy you may want to “bear-proof” your next cabin in the woodsNot being afraid to ask questions when investingWhy you should buy Avery's new book Short-Term Rental, Long-Term WealthAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlBiggerPockets PublishingBiggerPockets BookstoreAirDNAPriceLabsAirbnbVrboFacebook MarketplaceTuroRealtor.comVacasaCraigslistAmazonCheck the full show notes here: https://biggerpockets.com/show517See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.