Is now finally the time to get back into Airbnb investing? We all knew about the Airbnb bubble that formed shortly after lockdowns. With low interest rates and local vacationing exploding, everyone wanted to cash in on the short-term rental craze. The result? Inexperienced hosts flooded the market with half-baked Airbnb listings, leading to an oversaturation in vacation rentals and stricter short-term rental laws. But things are beginning to change.
Avery Carl, arguably the most knowledgeable short-term rental investor in the country and author of Smarter Short-Term Rentals, has NEVER sold a vacation rental due to poor performance. In fact, she’s stayed booked and busy while new short-term rental investors struggle to fill their units. How does she do it? And why does she think now is the time to double down on traditional vacation rental markets?
Avery gives her expert advice on where (and what) to buy, how to boost your Airbnb bookings even in crowded markets, and why you don’t need every amenity under the sun to attract guests. Plus, why are Airbnb bans a good thing? Avery shares why some investors will thrive while others fight to survive in the new short-term rental space.
Take advantage of the new Airbnb upside with Avery’s book Smarter Short-Term Rentals.
In This Episode We Cover:
Short-term rental market update and why Avery believes “stabilization” is here
Why newbies are too scared to get into Airbnb investing (and how you can take advantage)
Picking an Airbnb market and why you can’t follow the “top markets” lists
What to do if your short-term rental is underperforming and you can’t get guests
Are Airbnb bans a good thing? Which markets will benefit because of it?
And So Much More!
Links from the Show
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Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Grab Avery’s New Book, “Smarter Short-Term Rentals”
Find an Investor-Friendly Agent in Your Area
How to Analyze a Short Term Rental Investment (The Enemy Method)
Connect with Avery
Connect with Dave
(00:00) Intro
(01:43) Short-Term Rental Market Update
(04:54) Newbies Scared Off?
(06:52) What to Buy Right Now
(09:52) Picking an Airbnb Market
(12:10) RELAX with the Amenities
(17:42) Is Your Airbnb Underperforming?
(23:57) Future of Short-Term Rentals
(27:45) Grab Avery’s Book!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1082
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