On this week's episode, Avery welcomes Chris Watson, a retired military veteran with 29 years of service, to share his journey into real estate. Chris discusses how his military background influenced his investment strategies, beginning with the purchase of a home in 2006. Chris also shared insights into his property portfolio, which includes nine STRs and one LTR, spread across the Smoky Mountains and the Emerald Coast. He discussed the importance of having a diverse range of property sizes to ensure steady income throughout the year. They also talked about the importance of adaptability in the short term rental market. Chris emphasized that treating your rental properties like a business and being willing to adapt to market changes is crucial for success. He shared his own experiences of managing properties remotely, even while deployed, by building a reliable team on the ground.
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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
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