Today's guest started her Real Estate journey when she was only 13 years old working as a receptionist. After spending a decade abroad, Aly started renting out her investment property. With her tenants falling behind in their rent and locked in to a standard rental agreement she decided to consider the benefits of short-term rental instead.

In today's episode, Aly discusses the advantages of short-term rentals. She also shares an inspiring story of a friend who didn't own any property and had $25,000 worth of debt who, after reading Aly's book Airbnb for Property Investors and implementing this model, became debt-free and went on to own her own investment Real Estate.

"What I love about short-term rentals is it gives you the freedom to be able to do what you want when you want"   – Aly Michaels

 

In This Episode of Property Secrets:

• What is "short-term rental"
• Financial benefits of short-term rentals
• Other fees that can be charged to the tenant such as cleaning fee & additional furniture fees
• Aly's book that talks about maximizing profit, lowering risk, and how it has helped others become financially independent
• Lease versus sublease: how to replace income for the unemployed
• Factors that affect rental pricing

Aly's Insider Property Secrets:

1. Know your WHY
2. Know what you want to achieve.
3. Have a plan from where you are to where you want to go.
4. Have a plan, but be willing to readjust.
5. Don't quit until you achieve your goals.

Reach Out to Aly Michaels:

• Aly Michaels Website
• Airbnb for Property Investors Book by Aly Michaels

 

 

 

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