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
Resources
The Short Term Shop University
This week Avery sits down with Chris Larsen. They have a fascinating conversation about involving your kids in your business, buying distressed notes, investing...
This week, host Avery Carl chats with the CEO and Co-Founder of Hostfully, Margot Schmorak. They discuss the future of property management software companies,...
Karan Narang is the founder of Adventure Awaits Vacation Rentals, a company that he operates alongside his wife in Dallas. They have a passion...
