Karen Chenaille a realtor for eXp Reality and the founder and chief operator of Star Gazer Stayers, her short term rental company that she operates alongside her husband. Karen is a master when it comes to strategical short term rentals. A local Vermomter, she is an expert when it comes to buying within market niches with properties in Vermont, the Smoky Mountains, Tennessee and more. She speaks to the value of investing in rentals in lesser known areas, keeping in mind seasonal drop-offs related to specific rentals. She is dedicated to making a true profit through her rentals rather than just breaking even. She has made her living through knowing the tips of the trade as a way of making the most out of her rental properties.

 

In this episode, host Avery Carl has a conversation with Karen about techniques to built profit from your rentals such as going with the bigger house not more houses, and opening up booking availability for your property incrementally so that you can gain more profit during busy seasons. We additionally speak about common mistakes and dangers in the short term market arena such as the pros and cons of hiring a proper manager, the dangers of condos and the importance of loan pre-approval. 

 

Short-term rentals in Mississippi 

Value of investing in lesser-known rentals 

Seasonal drop-offs in certain markets

Dangers and benefits of condos 

Benefit of shopping around lenders 

Importance of loan pre-approval

How to live rent-free

Importance of never taking no for an answer

What constitutes a good deal

Highest and lowest performing properties

Buy the bigger place, not more places

Dangers of hiring a property manager

Maximizing revenue through blocking calendar

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs