Short Term Rental Management

On this week’s episode of Short Term Rental Management, Luke shares a Disney/Universal trip debrief as a barometer for U.S. travel, noting lighter morning crowds, busier afternoons, and a stark contrast in customer service. He ties those observations to today’s market—rates likely easing, Main Street feeling pinched—and advises STR operators to prioritize competitive nightly pricing over splashy amenities, consider temporary cleaner-fee adjustments, and focus on delivering a clean, reliable guest experience. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke breaks down his strategy for maximizing bookings through the end of the year. He stresses the importance of having September and October at least 50% booked, holding October rates until September 8 before discounting, and treating early November and December as slow periods while enforcing five- to six-night minimums over Thanksgiving, Christmas, and New Year’s. Luke also shares why he believes travel demand will rebound as interest rates ease, why the idea of “market saturation” is meaningless, and how this season is the perfect time for deep cleans, maintenance, and refreshing your property photos with tasteful holiday decor. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

This week Luke is coming to you with a bonus episode he is calling Short Term Shop News! Luke breaks down Airbnb’s move to a single 15.5% host-only service fee starting October 27 and what it means for pricing, advising PMS users to raise Airbnb rates ~15.5% to keep payouts flat. Joined by Chuck Kramer and Avery Carl, the crew weighs consumer sentiment and competitive dynamics (VRBO’s lower take vs. potential price moves), plus cautions hosts to watch accounting on bookings straddling the change and consider “all-in pricing” as a short-term marketing edge. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke welcomes Tim Grillot back to the show—a real estate investor, car enthusiast, and now vacation rental photographer—who shares his journey from corporate life to STR ownership and creative entrepreneurship. They dive deep into the evolution of Airbnb photography, the technical side of staging and lighting, and how Tim and his wife are helping STR owners showcase their properties through immersive, guest-focused imagery. The episode also touches on vacation-town living, hospitality mindsets, and why answering your phone can set you apart. Check out Scroll Stopper Photography: scrollstopperphotography.com How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke chats with Jeremy Udovich of Sheboygan Vacation Rentals, who’s building a thriving short-term rental business in Wisconsin while still working full-time in tech. Jeremy shares how he and his sister grew from one property to a co-hosting portfolio of 19 units—without burning out. They discuss automation, working with family, market seasonality, and the importance of hospitality (including the golden rule: “give them the pickle”). Jeremy’s measured, sustainable approach to growth highlights how keeping your day job can actually accelerate real estate success. How to connect with Jeremy: sheboyganvacationrentals.com How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke is joined by Rubin Horowitz, founder of STR Super Cleaners, a rapidly growing short-term rental cleaning company operating in multiple U.S. markets. Rubin shares how he scaled from solving his own cleaning headaches in the Poconos to managing over 700 properties across markets like the Smokies, Emerald Coast, and Nashville. They dive deep into automation, team building, property maintenance support, and how his company partners with hosts and managers while steering clear of full property management. Reuben also offers tips for creating five-star guest impressions—like integrating welcome screens and maintaining scent standards. Visit strsupercleaners.com to request a quote or consultation How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke is joined by Short Term Shop Plus coach Chuck Kramer to discuss whether it's appropriate for Airbnb cleaners to request tips. Both Luke and Chuck come out in favor of allowing tipping—drawing from their personal experiences in hospitality—but agree that leaving tip envelopes labeled “The Management” crosses a line into tacky. They emphasize that subtle, respectful options (like countertop signs or guidebook mentions) are a better alternative for encouraging gratuity without pressuring guests. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke reflects from New Orleans on the changing tides in real estate investing and pays tribute to personal heroes Ozzy Osbourne and Hulk Hogan. He shares updates on a new beach house rehab project and emphasizes that while real estate is currently “not cool,” that perception presents an opportunity for disciplined investors. Luke argues that public sentiment, not interest rates, is the real market barrier—and encourages listeners to stay persistent, find motivated sellers, and act before the market becomes “hot” again. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke is joined by guests Jeff and Jenny, first-time short-term rental investors who share their journey of overcoming a major challenge: their well running dry just months after purchasing a Smoky Mountain cabin. The couple recounts navigating the emotional and financial stress, installing a 1,000-gallon water storage system, and maintaining a positive mindset through it all. They also discuss what they’ve learned about resilience, systems, and generational wealth. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke Carl shares a personal milestone—he’s selling one of his vacation rental homes. He opens with a humorous tale about replacing a toilet valve himself, then dives into the reasoning behind the sale, including shifting family preferences, property management logistics, and market timing. Luke reflects on pricing strategy, buyer behavior, and current real estate trends, emphasizing that sellers need to be realistic in 2025's slower market. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke sits down with Miles from Hospitable for an in-depth discussion on the evolution and current state of property management software. They cover Hospitable’s recent dynamic pricing launch, AI-powered tools like the Knowledge Hub and Copilot, and how sentiment analysis is flagging guest issues in real time. The conversation also touches on the growing momentum behind direct bookings and the future of PMS as a “short-term rental super app.” How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke takes listeners through a string of recent challenges he faced in the world of property ownership—from termites and fire damage to a $46,000 miscommunication with a vendor. He walks through seven issues in total, including an inherited tenant move-out requiring a full unit renovation, a fragrance-sensitive guest, and a collapsing porch post that turned out to be decorative. Through it all, Luke emphasizes the importance of communication and staying resilient as a property owner. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke breaks down the eight biggest mistakes he sees short-term rental owners make. From rushing into deals without patience, to poor guest communication, neglecting pricing and finances, and underestimating the true cost of real estate, Luke delivers a rapid-fire reality check. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke interviews Ryan Ferguson, an electrician-turned-hot tub repair expert serving East Tennessee's Smoky Mountains. They dive into common hot tub issues in vacation rentals—like economy mode, airlocks, and water damage from improper draining—while sharing maintenance tips, regulatory insights, and hilarious stories involving bears, raccoons, and overloaded tubs. Ryan also emphasizes the importance of simplicity, proper electrical installation, and regular inspection to keep STR hot tubs guest-ready and code-compliant. How to connect with Ryan: Website Phone #: (865) 635-9383 Email: [email protected] How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke emphasizes that buying a short-term rental is not a get-rich-quick scheme. He compares unrealistic expectations in real estate to gambling, warning against the “slot machine mentality” of hoping to strike it rich with one or two properties. Instead, he advocates for long-term wealth building through hard work, patience, and realistic expectations—reminding listeners that real estate is slow, steady, and most rewarding when treated as part of a broader, disciplined financial strategy. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke talks with photographer Mike Sutton about what makes great short-term rental photos, especially in the competitive Smoky Mountains market. They discuss the evolution of the vacation rental photography space, how to vet and select a photographer, what types of shots matter most (like twilight, drone, and 3D floor plans), and why authenticity in staging is more important than over-styling. Mike also shares personal insights into raising eight kids, his journey from IT to photography, and how hosts can prepare for seasonal and update sessions the right way. Check out Mike's portfolio: https://mikesuttonjr.com/ How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke urges listeners to stop sweating the small stuff and start thinking bigger when it comes to real estate. He challenges the mindset that sees individual homes as overwhelming burdens, encouraging investors to reframe their approach, embrace growth, and chase larger opportunities like hotels or syndications instead of fixating on minor maintenance issues. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke emphasizes that poor bookings aren't due to superficial issues like couch color, but rather a lack of attention to pricing strategy and calendar management. He encourages hosts to stop blaming external factors like Airbnb updates and instead adopt “extreme ownership,” taking responsibility by learning proper pricing tools and consistently optimizing their listings. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke responds candidly to some negative Facebook comments, defends his commitment to helping others succeed, and champions positivity over online drama. He shares personal stories, rental management lessons, and reflections on property investing trade-offs—emphasizing patience, consistency, and mindset when pursuing real estate deals, especially in the vacation rental space. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke emphasizes the importance of proactive involvement in both real estate and personal finances. He urges listeners to avoid waiting for crisis moments—like missed mortgage payments or dwindling bank accounts—before taking action, drawing parallels between property management, money habits, and even relationships. Using a blend of personal anecdotes, quotes, and motivational energy, Luke encourages consistent attention and effort to "build a dam" before problems arise. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week’s episode of Short Term Rental Management, Luke Carl brings together four professional short-term rental cleaners from diverse markets—Smoky Mountains, Gulf Shores, and Panama City Beach—to dive deep into the challenges and systems behind running successful cleaning operations. The conversation explores boundaries between cleaning and property management roles, scaling pains, communication systems, expectations from hosts, and the importance of deep cleans and trust. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke hosts a dynamic panel of experienced short-term rental owners to explore the crucial role of cleaners in vacation rental operations. The discussion covers how panelists find and retain reliable cleaners, the pros and cons of small operators versus large cleaning companies, deep clean schedules, linen systems, and how to keep cleaners happy—often with performance bonuses and thoughtful gestures. The episode also features a round of wild cleaner horror stories, leading into next week’s follow-up: interviews with actual cleaners. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke chats with tech professional turned real estate investor Gideon Spencer. Gideon shares his journey from renovating a San Antonio fourplex with his wife to acquiring a 24-key boutique hotel in Solvang, California. He dives into why he favors short-term rentals over long-term tenants, why he hired a VA with a smaller portfolio, and details the structure of his recent $6 million hotel syndication deal. They also discuss raising capital through a 506(b), the operational turnarounds he’s implementing, and his dream of acquiring a nature-immersed landscape hotel next. How to connect with Gideon: @gideonspencer_ How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 books: Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon

On this week's episode of Short Term Rental Management, Luke dives into the current real estate market conditions in spring 2025, highlighting a significant slowdown in home sales, particularly in the vacation rental space. He shares personal insights from his recent property shopping experiences, noting that many 2021-era "COVID hosts" are looking to sell, often at a loss, while new buyers are hesitant due to economic uncertainty and interest rate fluctuations. Luke emphasizes that while the market is slow, this presents a prime opportunity for savvy investors to acquire properties at a discount. He also reassures hosts that competition is decreasing as more short-term rental owners exit the market, making management easier for those who remain. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke discusses the power of brand genericization, focusing on how Airbnb has become synonymous with short-term rentals, much like Kleenex for tissues. He explores why people say they "rented an Airbnb" even if they booked through Vrbo and contrasts this with Zillow, which has not achieved the same linguistic impact despite its dominance in long-term rentals. Luke also makes a compelling case for Zillow to introduce a vacation rental listing option, arguing that hosts would benefit from the platform's visibility. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke discusses the perception of landlords and the misconceptions surrounding property ownership. He reflects on a social media thread filled with anti-landlord sentiment and shares his perspective on what it truly means to be a responsible and caring property owner. Luke emphasizes the importance of providing high-quality homes, excellent customer service, and maintaining a positive relationship with tenants and guests, even in the face of negativity. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke explores whether short-term rental owners are overcompensating with excessive amenities like fire pits and pickleball courts. He questions whether adding expensive features truly boosts bookings or just increases maintenance headaches and guest complaints. Luke emphasizes the importance of striking a balance between providing value and keeping management simple, urging hosts to focus on smart investments rather than unnecessary add-ons. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke draws a humorous and insightful comparison between managing short-term rental properties and raising kids. He discusses how both require patience, persistence, and a willingness to take the harder path to achieve success. Through personal anecdotes, he emphasizes the importance of learning from challenges, taking pride in ownership, and committing to the process, whether it’s property management or parenting. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke dives into what makes a real estate deal and how to find one in today's market. He emphasizes that deals aren’t just sitting around waiting to be snatched up—they require persistence, market knowledge, and a bit of obsession. Luke also discusses how the definition of a “deal” varies depending on individual goals and financial situations, encouraging investors to take action, do their research, and stay committed to finding opportunities that work for them. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode, Luke dives into the concept of "Go Day", the day that marks the beginning of the busy season for vacation rentals each year. He discusses how Go Day is crucial for setting the tone for the rest of the year. He shares advice on what property managers should expect during busy season and what kind of occupancy to aim for. Luke also breaks down the different "personalities" of each month throughout the year. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of Short Term Rental Management, Luke focuses on the best times of year to buy and list a short term rental property. He discusses the cyclical nature of real estate and gives his personal opinion on the best time to buy your next STR. With a staggering 7.7 million listings on Airbnb, this episode explores the dynamics of the market and offers insights for potential investors looking to maximize rental potential. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In today's episode of Short Term Rental Management, we celebrate the release of a new book, Smarter Short-Term Rentals, authored by the one and only Avery Carl! Smarter Short-Term Rentals is a more comprehensive guide compared to her first book, delving deeper into the day-to-day management of rental properties. She is the only author in this asset class to be published by a professional publisher, making her achievements even more remarkable.Throughout the episode, Luke emphasizes the importance of patience and continuous education in the real estate business. Many people enter the field expecting quick returns, but real estate requires long term commitment and effort. He also shares anecdotes about meeting people who struggle with their properties after a few years and stress the need to stay engaged and proactive. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week Luke dives into the challenges that second year hosts and short term rental managers often face, particularly the risk of complacency. He notes that many people start strong, eager to make a change in their lives, but after about 18 months, they can become too comfortable and neglect their properties. Luke emphasizes the importance of walking the fine line between being overly obsessed with your first property and completely forgetting about it. After putting a property into service, it's essential to keep an eye on its performance, especially regarding pricing and occupancy rates. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode of Short Term Rental Management, Luke dives into the topic of rental history and its relevance when purchasing a property for vacation rentals. He emphasizes that traditionally, past performance of a property is not a key factor in determining its future income potential because management strategies can significantly change the outcome. He discusses that times are changing, buyers are becoming more sophisticated, and in the current market properties with better rental histories might sell faster, even if it doesn't necessarily increase their value. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode, host Luke welcomed Larry Murray, a passionate short term rental investor and seasoned firefighter with over 40 years of experience. They delved into the mechanics of whole life insurance policies and how Larry used them to fund his real estate ventures. He explained the benefits of these policies and how they allowed him to access funds without the stringent requirements of traditional bank loans. They also discussed Larry's subsequent investments, including a 172-door apartment complex in Texas and a 17-unit property in Hot Springs, Arkansas. Larry emphasized the importance of having skin in the game and the reality of multifamily investing, which often involves significant time, effort, and financial commitment. How to connect with Larry: https://www.ivorywolfproperties.com/ How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week Luke dove into the importance of alarm clocks and how they can inspire us to achieve our goals in the new year. He shared a memorable story from his early days as a runner, where he learned from successful individuals who woke up at the crack of dawn to fit in their workouts and manage their busy lives. This experience taught him that the common denominator among successful people is their commitment to rising early and making the most of their mornings. Luke provided practical tips for waking up earlier, such as gradually adjusting your wake up time and avoiding the snooze button. He also highlighted the mindset shift needed to view your alarm clock as a tool for success rather than a source of frustration. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

Welcome back to another episode of Short Term Rental Management! This week's episode is a deep dive into the world of entrepreneurship, specifically focusing on the concept of being a serial entrepreneur and how it relates to short term rental management. Luke discussed some of the challenges a serial entrepreneur might face, such as holding yourself accountable when you're self-employed and the necessity of having a solid task management system. He also stressed the importance of believing in yourself if you want to succeed as an entrepreneur. Luke shared some of his own experience with entrepreneurship driving for Uber and Lyft to save money for real estate investments and emphasized holding onto your properties rather than selling them off. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Luke discussed the common misconceptions that many newcomers have regarding the industry and the importance of understanding the true role of a property manager. Luke emphasized that while real estate can indeed change lives, it requires hard work, integrity, and a commitment to ethical practices. He also touched on the growth potential in the property management industry, emphasizing that since the management space is not saturated with quality providers, there is a lot of room to build and scale your own company. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

In this episode, Luke shared the importance of community when it comes to owning short term rentals. He discussed the dynamics of living in a small town that attracts millions of vacationers each year and emphasized the importance of community and the role that short term rentals play in local economies. He also touched on the significance of tax dollars in funding local projects like beach restorations, erosion control and community sustainability. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Luke shared his take on whether or not he thinks you really do get an algorithm boost when you launch a new listing. He shared his experience with this and also emphasized the importance of taking advantage of the boost while not overthinking the process. He also stressed focusing on your long term perspective rather than just the short term. He also shared some tips for pricing strategies and managing expectations. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Luke, Avery and Tim went over some of the essential strategies for navigating the holiday season and preparing for 2025. They discussed the importance of pricing and booking strategies as we approach Christmas and New Year's, especially with the holidays taking place on Wednesdays this year. Luke shared his approach to packaging holiday bookings, emphasizing the need to adjust prices for less desirable dates. He also touched on the significance of maintaining high base rates for the upcoming summer months while being proactive in filling in gaps during the slower winter season. They also discussed the demographic shift in travelers expected for 2025, with a notable increase in older travelers, and how this might affect bookings. *Previously aired on The Short Term Show* How to connect with Luke & Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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

This week Luke is joined by Saad Dar from Baselane Bank. They discussed the unique features of Baselane, such as the ability to manage all financial aspects of real estate investments from a single platform. This includes automated bookkeeping, virtual debit cards for specific expenses, and multi-user access for team members or virtual assistants. Saad emphasized how Baselane can save investors significant time and money, making it easier to scale their portfolios. They also touched on the challenges of traditional property management and how Baselane's features, like online rent collection and tenant screening, can simplify the process for landlords. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week's episode is something a little bit different where Luke reviewed some special listings he found on Airbnb. He scanned through each listing, the description, the photos, calendar pricing and more to determine if it earned the Cashflow Carl stamp of approval. He went through the positives and negatives and offered tips on how he thought each listing could be improved. Click the links below to see the Airbnbs for yourself! Largest Airbnb Smallest Airbnb Most Reviewed Airbnb Weirdest Airbnb Most Expensive Airbnb Oldest Airbnb How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode Luke covers the illusion of uniqueness when it comes to renting out homes. He highlights that managing rental properties is not a new or revolutionary concept, it's been around since the beginning of time. While platforms like Airbnb have popularized short term rentals, the fundamental principles of renting out properties remain unchanged. He also recommends getting a long term rental as a way to firmly grasp the basics of renting out a home. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode, Luke dives into a common concern among new property owners: what to do when your short term rental isn't making money. He emphasizes that the core issue boils down to the balance of income versus expenses. He discusses several reasons why a property might not be profitable and stresses the importance of running the numbers before purchasing a property and being realistic about the time it takes to see returns in real estate. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week Luke is joined by short term shopper Jack Cronin who is based in NYC. Jack shared his journey into real estate, which began with his family's traditional approach to homeownership and evolved into a passion for investing in rental properties. Jack and his fiancée, both lifelong renters, have built a diverse portfolio that includes long term rentals in Mississippi and short term rentals in Blue Ridge and Broken Bow. They then delved into Jack's strategy for short term rentals, discussing how he leverages his marketing background to optimize guest experiences and occupancy rates. He shared insights on pricing strategies, emphasizing the importance of reviews and guest satisfaction over maximizing nightly rates. Jack's approach includes offering competitive pricing during off-peak times to ensure consistent bookings, which has led to impressive occupancy rates. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke reflects on the post-COVID economy and the financial challenges we currently face, dubbing it the "false level up of the COVID era." He shares personal anecdotes from March 2020, a time filled with uncertainty and fear, especially as a new parent. Luke also reiterates that despite the economic challenges we currently face, there is hope. He notes that the travel industry is projected to see $1.3 trillion in spending by the end of 2024, and emphasizes that even though Real estate sales are currently in a slump, the current market presents a great buying opportunity. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode of Short Term Rental Management, Luke dives into the concept of financial freedom. He explores what financial freedom means, emphasizing that it can vary significantly from person to person. Luke encourages listeners to assess their current financial situation, asking thought-provoking questions about their assets and liabilities, such as the number of cars they own and whether they carry loans on them. He also hints at the importance of investing in income-producing assets, like real estate, to achieve financial independence. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

On this week's episode, Luke is highlighting what significant opportunities are available for new investors in the current real estate market. Luke reflects on his own investing journey which began over a decade ago, right after the Great Recession. He then discusses that with decreasing competition, favorable market conditions, and the emergence of a new generation of investors, those willing to take action can find success. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA

This week's episode serves as a heartfelt reminder to all short term rental hosts to empathize with their guests and understand the various stressors they might be experiencing during their stay. Luke draws parallels between bartending and managing short term rentals, stressing the value of customer service skills and the role they play in being a good host. He also offers a reminder that guests might be dealing with various stressors, from family dynamics to financial pressures. It's essential to be kind, understanding, and hospitable, recognizing that every guest is carrying their own burden of stress. How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us 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 Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties - https://amzn.to/3Adg6PA