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.
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The Short Term Shop University
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 ...
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 ...
Tim Grillot may be a newer investor in the short term market but he is quickly taking the necessary steps to achieve great success in the future. With key rentals in the Smokey Mountains and Gulf Shores, Tim is a member of the Short Term Shop who will stop at nothing to expand his rental market. Recently, Tim sold his home and moved into an RV to raise money to buy new rentals. Due to his strategic planning and willingness to take risks, Tim has been able to accumulate new rentals at a rapid pace. Avery speaks to Tim about techniques he recommends when starting out in the short-term rental sphere and the benefits of learning from your mistakes when you are first starting out. Specifically, Tim describes his experience with natural disasters and how it taught him about the value of loss of use insurance. We additionally speak in depth about how to secure money for investments even if you may not have a lot of liquid funds starting out. Tim should be a role model of anyone hoping take the plunge and enter the real estate industry themselves. Key Topics Strategies for starting out in the market Value of learning from your mistakes Tips for Identifying your key market How to overcome natural disasters Necessity of loss of use insurance How to go about financing real estate investments without a large amount of lucid funds Commercial vs conventional financing Benefits ...
