VDI Insights: What else do you need to know about short term rentals?

Listen:

-Tim Murphy

After the last month of VDI podcasts, we've covered everything about short term rentals.

We introduce short term rentals for those that weren't familiar with the details. Some call it an Airbnb, some call it vacation rental by owner.

People call it all kinds of different things, and that's why in the introduction episode, we went through the definition of a short term rental.

We talked about "staging for the experience of it".

Because if you want to get maximum value, and you want to make the most money, staging for the experiences is the key.

That episode, especially the video piece of that episode was invaluable.

You can literally see what we're talking about, and you can see the difference.

You can, through the screen, feel the experience that Robert and Shelly put together when people come to their short term rental.

They were asking $150 A night in the beginning, and then gradually over the course of three or four years, he now has that place completely decked out and get over $400/night.

After that, we jumped into the numbers. How do you make 30k doing short term rentals? And that's where Ricky Grand came on and showed us different ways to think about factoring costs for a VRBO/Airbnb.

The spreadsheet he put together was ridiculous. You have to see it.

Finally, the last episode on short term rentals was managing for the experience of it. Now, we talked about staging for the experience of it, but managing for the experience it is a differnt thing and Shelly Kane brought us through the process.

Now I would like to know, today, what else you would like to know about short term rentals.

Email me, TimMurphy@ValueDrivenInvestor.com, and let me know.

If you think we missed something, if you think we have another episode on the topic, let us know!