Welcome to this week’s episode of Blue Gems! We’re talking to Taylor Jones, an expert in short term rentals. Dabbling in both personal short term rentals and managing short term rentals with a firm, Jones has a wide array of experience in multiple markets. Find Taylor on Twitter at @MrJonesSTRs to connect and learn more.

[00:00] Episode Intro

[00:16] Blue Gems jam time

[00:52] Welcome to Taylor, learn about his story

[05:24] How Taylor underwrites his yields

[06:30] Why invest in short term rentals with a firm?

[08:03] What’s the minimum contribution vs. the yield?

[09:27] Automation of short term rentals and why people are still important

[15:05] The best markets to be in as of today

[17:33] The financial/legal limits of working for a firm

[19:20] If Taylor had to buy a property with his wife, what market would it be in?

[22:44] Short term rentals are in the 2nd inning: let’s explain

[27:53] Thoughts on a luxury short term rental

[32:50] Mid-term rentals?

[34:53] Best advice for newbies in short term rentals

[36:58] What would you do differently than when you first started out?

[38:11] Where is Taylor Jones in 5 years?

[39:28] The last Blue Gem for the audience

[40:52] Reach out to Taylor on socials

[41:31] Outro

Resources: https://www.instagram.com/bluegemsgroup/