Building High Cash Flow thru Short Term Rentals with Avery Carl
Avery Carl is the CEO and founder of The Short Term Shop, a real estate sales team that specializes in helping investors locate, analyze, and acquire profitable short-term rentals in the most stable markets in the country. As a Wall Street Journal Top 100 Agent, she has helped more than a thousand clients close on short-term-rental deals. Avery has personally invested in more than forty deals, including short-term rentals in three different markets as well as buy-and-hold single-family and multifamily properties. In her free time, Avery enjoys collecting vintage guitars, running marathons, and, most important, hanging out with her family. She splits her time between Destin, Florida, and the Great Smoky Mountains in Tennessee.
[00:01 – 04:40] Opening Segment
· Avery scales from 0 to 189 through short-term rentals
· Short-term rentals just have a lot heavier cashflow
[04:41 – 11:39] Building High Cash Flow thru Short Term Rentals
● How to Pick the Market for Short-term Rentals
○ Mature vacation rental market
○ Focus on those not easily affected by economic factors
○ Get a number of data sources
● Tools for Short-term Rentals
[11:40 – 24:22] The Model for Successful Short-Term Rentals
● The Arbitrage Model: A means to an end
● Common Short-Term Rental Misconceptions
● Key Tools for Your Short-Term Rental Investing Success
● The Right Person for the Strategy
[24:23 – 28:18] Closing Segment
● Quick break for our sponsors
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● What is the best investment you’ve ever made other than your education?
○ A four-bedroom pool house in Destin, Florida
● Avery’s worst investment
○ Stock market
● What is the most important lesson you’ve learned in business and investing?
○ “You’re never gonna wake up one day and say, I’m ready.”
Connect with Avery Carl through https://theshorttermshop.com.
Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/
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Resources Mentioned
· Rabbu
Tweetable Quotes:
“Occupancy rate is not the number one metric to look at. I would say the gross annual income is the number one metric to look at.” – Avery Carl
“Arbitrage is more of a way to make a job for yourself. Whereas owning a property as a short-term rental is more of a way to build wealth for yourself.” – Avery Carl
“It’s important not to get your emotions mixed up with your investments.” – Avery Carl
About our Guest
Avery Carl
Avery Carl is the CEO and founder of The Short Term Shop, a real estate sales team that specializes in helping investors locate, analyze, and acquire profitable short-term rentals in the most stable markets in the country. As a Wall Street Journal Top 100 Agent, she has helped more than a thousand clients close on short-term-rental deals. Avery has personally invested in more than forty deals, including short-term rentals in three different markets as well as buy-and-hold single-family and multifamily properties. In her free time, Avery enjoys collecting vintage guitars, running marathons, and, most important, hanging out with her family. She splits her time between Destin, Florida, and the Great Smoky Mountains in Tennessee.
