Revisiting Short Term Rentals

On this episode, Linda and Dana talk to Josh Shepler and Heath Green about how they grew their property management business through short term rentals via AirBnb.  They share how consumers have started to value immersing themselves in the cities they stay in, and prefer being able to self check in and cook their meals from home over checking into a hotel.  They also discuss how family vacations can become so much more affordable when utilizing a short term rental over a hotel because of not having to book multiple rooms at a hotel, and having the option to cook for the whole family instead of going out every night.  They break down the numbers on short term rentals as an investment, which can bring in 12-15% ROI, and discuss the formula they use to calculate each property's specific ROI.