The Short Term Show

Travis Zappia might be young, but he is already on track to retire by 33. Generating hundreds of thousands of dollars a year solely through his short term rentals, Travis has tapped into several markets including Orlando and the Smokey Mountains. He is an expert when it comes to understanding how to generate positive cashflow and make the most out of your real estate investments. Having started at a young age, Travis is a shining example of how someone can increase their profits at a young age through specific investment strategies and starting at a young age. Avery speaks with Travis about how he navigated his investments during COVID, how he got his start in the market and how he plots his strategy to the different markets in which he works. We also speak about how techniques that people can use to start investing early from 20% down loans to 15% down loans and how this might change with different sizes units. Travis and I additionally speak about how to manage your unit from afar, and the importance of building a strong team that leaves your rental in capable hands. Benefits of the Florida market around Disney World Differences between Smokey’s and Orlando Pivoting rentals to different markets with COVID Why to pick short term rentals vs long term The benefit of being physically close to the property How to set up on-site teams Techniques for managing properties from a distance Benefits of purchasing with 20% down loans and lower The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs The ONE Thing Rich Dad, Poor Dad

Two of the most tricky short-term rental strategies that exist are Tiny homes and Glamping sites and today’s guest on The Short Term Show - Robert Absolo is acing it in both those areas. After a slow start, thanks to some early hesitations and “overthinking” deals when he was in his twenties, Robert has built up his short term rental portfolio to become a Tiny Home- and Glamping -genius. With multiple extremely profitable listings on Airbnb and Airstream, he openly shares the numbers on his costs and profits from his Tiny Home investments. Your host, Avery Carl gets into the nitty-gritty details with Robert around what it takes to choose, invest in and run a short term rental Tiny Home successfully. Discussion Points Robert’s background in rentals Advice on getting into “Tiny House” rentals Types of Zoning Working with Government officials Cost and timelines associated with building approval Tiny Houses on Wheels vs Tiny houses on a fixed foundation Airstream and Airstream Community Number details on Robert’s Listings Owning property in California Financing these builds How to choose your market Advice Robert would give 20-year-old Robert Advice to new investors A book that impacted Robert’s mindset Resources The Short Term Shop University The Short Term Shop Facebook Group Robert Abosolo YouTube Airstream BRRRR Book

Scriven Hoefs is an advocate of leveraging your real estate portfolio by keeping a longterm W2. In addition to his real estate investments, he is additionally a business development specialist and key account and strategic sales expert in Construction, Oil and Gas. He is an advocate in how to most productively build your business and to take the necessary steps to guarantee success in the future. Avery speaks with Scriven about techniques in building a strong business from creating important partnerships to figuring out what is really in your financial and personal wheelhouse. We additionally discuss viable real estate techniques such as the value of land flipping, Reverse BURRRR and buying at tax appraised value. Scriven and I uncover the mental aspects of building a business and the importance of mindset and personal preparation to skyrocket the value of your properties and prepare yourself for not only financial but personal success. Discussion Points How to leverage your portfolio by keeping a long-term W2 Importance of steep bench in finances How to decide upon your specific real estate markets How to decide between short and long term markets Reason to have bigger pockets Value of partnerships Definition of reverse brrrrr Using loans to build equity Value of land flipping - stick to your market and find your sweet spot Buying at tax appraised value Importance of building up your company gradually Value of figuring out what’s really in your wheelhouse The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO Rich Dad, Poor Dad Set for Life

Rachel Gainsbrugh is a full-time IT Executive Pharmacist, part-time short term real estate market extraordinaire. After paying off her student loans, she and her husband were looking for a feasible way to catapult their savings in the right direction. Now, Rachel and her husband have listings all throughout the US, and work to help others who are just starting out in the field. She is an expert when it comes to capitalizing on specific markets and a variety of clients to keep her rentals booked and the cash flowing in,. I speak with Rachel about the benefits of the different markets that she works in - from Atlanta to the Poconos. We also speak about how to go about finding your ideal clientele and how certain markets might cater to different types of people. Rachel and I additionally delve into the prospect of managing pet-friendly listings and the perks versus the costs that might be connected to that decision. We additionally talk about the common fears when just starting out in the industry, as well as the inner workings of the market that people might not initially (but should) consider. Key Topics Making short term real estate work as a side hustle Hot markets in the country Perks of Atlanta real estate market How to find your clientele Community service-centered short term rentals Benefits and risks of being pet friendly How to keep your unit clean and pet friendly Time cost of cleaning up between pets Initial risks and reliefs related to new rentals Inner workings of a strong short term rental Common fears and how to overcome them The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Rachel’s Facebook Rachel’s Instagram Ozone Filter Bigger Pockets Series

Jeff Lloulian has been in the vacation rental industry for almost a decade. At one point managing hundreds of properties ranging from cozy cabins to luxury mansions, Jeff is additionally an entrepreneur always working to solve interdisciplinary problems in emerging industries. He has a background in both Economics and Philosophy, as well as experience as a lawyer practicing business litigation, cybersecurity and intellectual property. He is the founder and CEO of HostGPO, a company hoping to save short term rental owners time and money by offering them exclusive deals and offers to purchase vital furniture and supplies for their rentals. HostGPO now has 75,000 members between the US and Canada and is expanding rapidly. Avery speaks with Jeff about his advice for not only investing in short-term rentals but acquiring the supplies and furniture needed to make them a success. We speak about how specific furniture caters to different markets and design aesthetics, as well as tips and tricks of the industry. We go into depth into the must-haves, common mistakes, advice, as well as how HomeGPO can benefit any rental unit owner no matter their experience or the current number of units that they currently have. We additionally speak about the intricacies of different markets specifically, the benefits of building equity and how to navigate the many hurdles that renters face in every part of the business. How to negotiate deals on all aspects of short term rentals How to avoid misleading or overpriced offers How to save time and money with higher quality furniture Jeff’s path from managing units himself to managing the company Inspiration behind why Jeff created his company Benefits of arbitrage units for everyone involved Regulations in a high end markets like Malibu Qualifications to join HostGPO Massive inventory options at HostGPO Dangers of log furniture and bed bugs Benefits of joining the HostGPO community Importance of building equity early on Why not to treat the short term rental market as a side hustle The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Jeff Iloulian has been in the vacation rental industry for almost a decade. At one point managing hundreds of properties ranging from cozy cabins to luxury mansions, Jeff is additionally an entrepreneur always working to solve interdisciplinary problems in emerging industries. He has a background in both Economics and Philosophy, as well as experience as a lawyer practicing business litigation, cybersecurity and intellectual property. He is the founder and CEO of HostGPO, a company hoping to save short term rental owners time and money by offering them exclusive deals and offers to purchase vital furniture and supplies for their rentals. HostGPO now has 75,000 members between the US and Canada and is expanding rapidly. Avery speaks with Jeff about his advice for not only investing in short-term rentals but acquiring the supplies and furniture needed to make them a success. We speak about how specific furniture caters to different markets and design aesthetics, as well as tips and tricks of the industry. We go into depth into the must-haves, common mistakes, advice, as well as how HomeGPO can benefit any rental unit owner no matter their experience or the current number of units that they currently have. We additionally speak about the intricacies of different markets specifically, the benefits of building equity and how to navigate the many hurdles that renters face in every part of the business. How to negotiate deals on all aspects of short term rentals How to avoid misleading or overpriced offers How to save time and money with higher quality furniture Jeff’s path from managing units himself to managing the company Inspiration behind why Jeff created his company Benefits of arbitrage units for everyone involved Regulations in a high end markets like Malibu Qualifications to join HostGPO Massive inventory options at HostGPO Dangers of log furniture and bed bugs Benefits of joining the HostGPO community Importance of building equity early on Why not to treat the short term rental market as a side hustle The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Julie McCoy is a member of the Short Term Shop and a major investor all throughout the US, focusing on the Smoky Mountains. She started investing in the real estate market in 2017 when she was working in the television industry, but quickly her real estate side hustle became her main hustle. She has now become a full-time Realtor, assisting Investors everywhere reach the same financial freedom that she achieved. In this episode, host Avery Carl speaks with Short Term Shop member Julie McCoy about her journey in the real estate market as well as tips of the trade that Julie has whether you are starting out in the real estate market or you already have your first few rentals. We discuss aspects of short-term rentals and building new units from scratch that people do not often think about when they first buy land - from septic systems to wells. Join us as we delve into the short-term rental market’s intricacies and tips for success. What You Will Learn How to make your money work for you The beauty of the short term real estate market How to find your niche What constitutes a good deal What constitutes good cashflow How to customize your land Importance of knowing your land How to think about septic systems and wells Importance of developing a strong team The Short Term Shop University The Short Term Shop Facebook Group Rich Dad, Poor Dad Cashflow Quadrant [email protected] IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Yonah Weiss is a leading expert in the real estate market when it comes to cost segregation and how to make the most profit, with the least loss from your real estate investments. He is not only an investor himself, but he additionally is a consultant who offers cost segregation studies to help people get the maximum tax deductions while staying within the tax code. He is an expert when it comes to helping people increase their cash flow and grow their businesses to exponential heights - his average customer recognizing up to $250,000 in increased tax depreciation expense. Delve into the world of cost segregation with us and learn how you can level up every single one of your investments. Discussion Points How to accelerate a portion of depreciation Meaning of cost segregation When to do a cost segregation Relationship between furniture and depreciation How value is determined based on cost segregation Meaning of 100% bonus depreciation How to avoid income tax liability Price of the cost creation study The Short Term Shop University The Short Term Shop Facebook Group IGMS Real Estate Professional Tax Status Crushing It! The Way of God Yonah Weiss’ Website

Brandon Hall is THE real estate CPA of The Real Estate CPAs. He has a wealth of knowledge around financials and taxes in real estate investment. Chatting to Avery Carl in today’s episode, Brendon shares some fantastic nuggets of advice applicable to both new and seasoned investors. Avery asks questions based on what she knows, from experience, people have concerns about. From clarifying passive income to explaining when to make use of cost segregation in your property - he explains all of it concisely and in layman’s terms. So no more excuses! So strap in and prepare to be “in the know” about property taxes at the end of this episode. Discussion Points About Brandon Hall Move into short term rentals Is Short term rental - Schedule E vs C and Passive vs non-passive income Qualifying as a real estate professional for tax benefits Cost segregation Types of properties cost segregation makes sense to do on Accelerating Depreciation LLC vs Personal Ownership in terms of Tax Advice for new investors Brandon’s favorite book Resources The Short Term Shop University The Short Term Shop Facebook Group How to win Friends and Influence People book Tax-Smart real estate investors Facebook Group Real Estate CPA YouTube Channel The Real Estate CPA Website

Joe Prillaman found himself in a suddenly-booming short term rental market soon after he purchased a few properties in the area. He calls it “lucky” but the fact is that he also worked very hard figuring out the market, learning the tricks of the trade, and building relationships with other investors in the area before his first investment. So it may be thanks to a bit of luck that the market turned a corner, but he still did his part to ensure he could benefit from the upturn. In this episode, show host Avery Carl gets Joe to open up about his journey to becoming a short-term rental property investor and to share openly how he finds and chooses properties to invest in. He has some great insights around investing in multi-plexes and why he has decided to focus on those going forward. Joe believes in the slow and steady approach to short-term rental investment and so far, it seems to have paid off for him. Discussion Points Joe’s background in Property Investment Starting out buying a BRRRR Having a team around you for guidance when starting Why Joe got into short term rental investment What is a good deal to Joe How Joe is finding multiplexes Joe’s Financing process Getting into a great market on a low budget Number one mistake investors make Finding out more about the market you’re interested in Advice to 20-year-old Joe Joe’s advice to new investors Favorite book that impacted Joe’s mindset Resources The Short Term Shop University The Short Term Shop Facebook Group Set For Life book

Tony Robinson is a short term real estate investor who learned from a young age the importance of holding property to build wealth rather than immediately jumping to wholesaling. Ever since he received enough capital to do so, Tony has been profiting from his well-calculated short term investments. He currently works actively in both the Smokey Mountains and Joshua Tree, California. He is an expert when it comes to understanding your market and making the right decisions whether you are purchasing your first short-term rental homes or adding additional real estate to your portfolio. In this episode, show host Avery Carl has an in-depth conversation with Tony about the differences between the different real estate markets and how the specific needs of the property change geographically, and as the tourism and the population of the area changes throughout time. We additionally speak about the differences between short and long term rentals and the risks that may come with either investment. Tony speaks about the characteristics of the property that should be carefully researched prior to purchase, and how to know the right questions to ask before agreeing to the sale. Discussion Points Tony’s Background in Real Estate Overview of Tony’s real estate experience How to tailor your selling tactics to different markets Method of using vacation home mortgage to buy homes Tips for picking and knowing your market Difference between short-term vs long-term rentals Risks of short-term rentals Why to avoid markets with out short-term rental regulations Importance of looking at previous ownership in rentals Why person running a rental is more important than the asset itself Suggestions for starting out in a newer rental market Tips for getting started and asking the right questions Picking your market, knowing your budget, making connections The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Rich Dad, Poor Dad

Pavan Mediratta and his wife Tracy left their corporate jobs - “retiring” to manage their vacation rental business with greater success than they imagined possible. Their business has boomed because they continued to make great purchase decisions and continued to self-manage all their properties. In today’s episode, Avery Carl picks Pavan’s brain about topics ranging from his short term rental buying decision-making process to choosing a housekeeper. He shares insight into the way he negotiates for a property in the current extremely competitive housing market to make sure he gets the properties he wants. There are few people with his level of experience in the vacation rental market so this episode is once again brimming with great advice for new and experienced investors alike. Discussion Points How Pavan Mediratta got started in short term rentals The markets they focus on The important things to consider when managing a rental remotely Finding the right housekeeper How to deal with cleaning and maintenance problems Changing from long-term rentals to short term rentals Walking away from a steady income Choosing a unit according to its size Identifying a market to go into Good markets/deals in the past vs current market conditions Advice for “young Pavan” Favourite Book Dispelling limiting beliefs of new investors Resources The Short Term Shop University The Short Term Shop Facebook Group Cashflow Quadrant Book

Avery Carl - real estate agent extraordinaire hosts The Short Term Show - the podcast with a focus on short term investment for long term wealth in real estate. Husband and wife team, Luke and Avery Carl, together with a great team, run a successful short term real-estate business called “The Short Term Shop”. Avery and Luke co-founded the business after realising that there’s a market for people who want to get into investing in short term rental property - but don't know where to start. The guest today is none other than Avery’s husband Luke. He is the education and management specialist for The Short Term Shop University while 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 anywhere in the world. Discussion Points Luke’s Background Getting into real estate investing Luke’s First Deal First Single Family home Long term rental investment Why do short term rental investments? Getting advice from the “enemy” on getting started in short term rentals The value of a mentor Structuring a partnership in property investment What constitutes a good deal? Managing a property Hiring a housekeeper Avoiding bad reviews by weeding out bad guests Software to assist property management Advice for “newbie” short term rental property investors Luke’s most recent favourite book Resources The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs The Six Week Rule (STS YouTube) Don’t be a Dick (Book)