Nov 3, 2017
Sites like AirBnB, HomeAway and the like are popping up and being used more than ever. Many people believe that they need to be in high traffic cities like LA, NY, Miami, etc, in order to take advantage of owning a short term rental property.
Wendy Sweet, Principle of Carolina Hard Money, talks with Jason Hartman about how she's making her AirBnBs thrive out in "the middle of nowhere" and some of her pricing tips and tricks to make her short term rental profits double those of her single family long term rental properties.
Key Takeaways:
[1:42] Who are the AirBnB tenants in the middle of nowhere?
[4:32] Wendy's strategy for putting her homes on the market
[7:07] Wendy's pricing strategy for filling any vacancies, and how AirBnB helps with it
[12:42] Wendy's experience experimenting with AirBnB's Smart Pricing software
[15:20] The one problem guest Wendy has had so far
[18:37] How technology can make being a Short Term Rental host possible from long distance, and whether Wendy is using any currently
[22:28] Comparing Wendy's experience with long term vs short term rentals
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