The Real Estate InvestHER Show

Maximize Your Wealth with Boutique Short Term Rental Investments

08.25.2023 - By BiggerPocketsPlay

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Today, we delve into a powerful conversation with Tresa Todd about the world of boutique short-term rentals! Tresa is the founder of the Women’s Real Estate Investors Network, the nation's largest learning and networking community for women real estate investors. She is an award-winning real estate investor, motivational speaker, podcast host, and bestselling author of Without Fear Of Her Future: A Women's Guide To Real Estate Investing. Tresa is a leading expert on financial confidence, multi-generational wealth building, and creating a life you love. 

In this episode, Tresa dives into why she has chosen to focus on boutique short-term rentals as a strategy—a middle ground between regular and luxury options. Learn from her experience how to evaluate markets, price accordingly, and provide enjoyable experiences with games, outdoor areas, and kitchen facilities. She also discusses the pros and cons of hiring a third-party company to manage your property and stresses the importance of proper maintenance for multi-family properties.

“The key to having a successful short-term rental is to have housekeepers and a handyman that is there on call to deal with the things that may go wrong.” (13:26 – 13:34)

“Every single successful investor went back and forth to hell a couple of times, either during the purchase with nightmare guests or made mistakes throughout their career in order to become successful.” (20:30 – 21:45)

“When you are having trouble with your properties, you don't go: “Oh, they're too much work.” You just figure it out, and keep going." (26:47 – 26:52)  

Connect with Tresa:

Instagram: @womensrein

LinkedIn: Tresa Todd

Facebook: Tresa Todd

Resources Mentioned:

"The Power of Habit" by Charles Duhigg

"The Power of One More" by Ed Mylett

"Be Your Future Self Now" by Benjamin Hardy

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