Short Term Rental Management

 This week we're talking all about sticker shock. Everything is more expensive these days! We'll discuss how this relates back to our guests, getting our next deal and how to not let sticker shock get you down. 

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

 Today Luke is joined by Chuck Kramer for this season's preparation episode! They're going to give you their best advice for preparinging for Winter, aka the slow season. This includes getting your maintenance people on the books well in advance, knowing what kind of market you're in so you can adjust accordingly, a good rule of thumb for when Christmas should be booked and more.

Click here to register for BPCON today!

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

 This week Luke is joined by everyone's favorite, Tim Grillot to discuss your rates vs. your quality of guests. They go over how and why you should let people know why you have little/no reviews. They also stress the importance of striking a balance on your pricing and knowing that low rates don't guarantee bad guests, but neither do high rates.

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

On this week's episode we are talking all about why you need to get some long terms in order to be better at renting short terms. We'll talk learning the ins and outs of rental real estate, gaining patience, knowing when to get a property manager and more!

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

This week Luke is joined by Steven Gillmer to chat about his shipping containers village! They discuss the startup costs associated with shipping containers, financing options, where most bookings are coming from and more!

Steven Gillmer is a proud father of one and a devoted husband of 31 years, with 32 years as an experienced leader whose strength is working through others to open, grow and turn around struggling operations. During his early career with Pizza Hut as an Area Manager, he was responsible for the opening of multiple new restaurants in both new and existing markets as well as turning around stores struggling with negative comparative sales and profit. After a failed restaurant venture in 2007, Steven found himself with zero net worth at the age of 40 and selling used cars. Fortunately, he was able to grow his career from Sales to General Manager, which gave him the ability to start to rebuild his financial life. With his current employer, CarMax, he has continued to take on challenges, growing sales at four locations and developing leaders throughout the organization. Steven began investing in real estate in 2013 while working in Memphis, Tennessee after listening to Rich Dad, Poor Dad on audio book beginning with single family and small multi-family homes. In 2020, Steven partnered with some like minded neighbors and real estate
investors to develop The Container Retreat (www.thecontainerretreat.com), which is focused on creating unique properties consisting of several container and tiny homes in the Texas Hill Country. The Container Retreat @ 290 Wine Trail is located on 15 acres in Hye, Texas, close to over 50 wineries along the 290 wine trail and consists of ten 20’ container homes and three 40’ container homes. The Container Retreat @ Canyon Lake is in Canyon Lake, Texas on three acres on the banks of Canyon Lake and consists of six buildings with a 40’ tiny home on bottom and 20’ tiny home on top, which can be booked separately or
together. Along with The Container Retreat, Steven continues to search for other short term rental properties for his personal portfolio.

Real Estate Summary

-Bought and sold three single family homes and one duplex.
-Limited partner in 104-unit apartment complex in Houston, TX,
which has gone full cycle.
-Limited partner in retail shopping center in Tallahassee, FL.
-Managing partner and Asset Manager at The Container Retreat @
290 Wine Trail in Hye, TX.
-Partner and co-asset manager at The Container Retreat @ Canyon
Lake.

How to connect with Steven:

@TexasGillmer

thecontainerretreat.com

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

This week Luke is giving us all the advice on determining minimum stays. He'll go over choosing minimum night stay based on property size, bedroom count, and the advantages/disadvantages of minimum night stays. He'll also discuss the importance of keeping up with your listings and adjusting your rates and night gaps based on days of the week. 

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

This week Luke and Tim are talking about Tim's latest remodel adventure! Tim has recently moved into the detached garage on one of his properties where he plans to remodel it while he lives there, and eventually turn it into another rental that increase his income up to $40,000/year. They'll talk about how to find good people to help with renovations, rules about having two rentals on one property, and much more!

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

 This week Luke has a quick episode to talk about after hours phone systems! He goes through different options for phone systems, how he implemented different emergency phone systems and examples for scripts you could use. 

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

This week Luke is bringing you a bonus episode all about the circle of seasonality! Luke will be going over when to prep for slow months, when to prep for holidays, and how to keep your calendars booked!

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA

This week Luke and Tim are doing some math! They'll be discussing how to find your break even number for your own properties as well as finding a sweet spot for occupency rates, choosing your prices based on time of year, providing the best value possible and more. 

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

Follow us on Instagram 

Follow us on TikTok

Join the Short Term Shop Facebook group!

Check out the Short Term Shop on Youtube

For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA