It's time that you get into short term rentals. Lance Pederson, a lifelong entrepreneur, who has helped others make lucrative investments for themselves shares his insider knowledge on what makes for successful short-term rentals. He will share key insights on how to increase one's passive income so that you can live the life of your dreams. It's no surprise that most well-off families want to maintain their lifestyles while away on vacation. A luxury rental property suits them just fine - it has all the amenities they're used to at home, plus some extras! So today we're going to take a look at what sort of things you should keep in mind when renting out your own vacation residence.

In this episode, we explore:

00:37 - Introduction

01:34 - Lance's Story

04:52 - Small multi-family strategy

05:43 - Short term rental business

09:04 - Business guests

09:40 - Type of guests

13:54 - Structure of investments

15:30 - Resort like amenities

17:50 - Foreseeing into the future of recession

21:00 - Forced appreciation

24:03 - Suggestion, advice and recommendations

27:51 - [email protected]

Connecting with the Guest:

Website: https://www.linkedin.com/in/lancepederson/

Email: [email protected]

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