AMA Night: Avery Carl of "Short-Term Rental, Long-Term Wealth"

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AMA Night: Avery Carl of "Short-Term Rental, Long-Term Wealth"

When:

Where:https://www.biggerpockets.com/forums/530-short-term-and-vacation-rental-discussion/topics/998416-ama-night-avery-carl-of-short-term-rental-long-term-wealth

Cost:Free

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Alicia MarksPro Member
Fort Worth, TX · Member since 2020 · 1k+ posts · 2k+ votes

Please join us in the forums for an Ask Me Anything night with Avery Carl, author of "Short-Term Rental, Long-Term Wealth". The thread will open one hour before the event for people to begin posting their questions. More general questions will be addressed first, with more specific questions being addressed if there is time.

[email protected]Podcast Guest on Show #204
2Reply
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Most Popular Reply

John Carbone
Realtor · Gatlinburg · Member since 2020 · 1k+ posts · 957 votes
4y

1. What kind of GRM are you targeting In the smokies now, and in general how difficult is it to get a financed deal through with an appraisal?

2. Are you worried about too much supply coming on the market? 

3. I noticed a lot of “houses” are being sold in the smokies now that people are renting out pretty well. The price points are cheaper to purchase but they are not “cabins”. Do you think this is only due to Covid, and once the frenzy slows down it will revert back to primarily a “cabin” only destination?

Thanks 

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  • John Carbone
    Realtor · Gatlinburg · Member since 2020 · 1k+ posts · 957 votes
    4y

    Hi Avery, I've been looking in Gatlinburg for a 4 bedroom 2800-3200 square foot cabin. These seem to have escalated rather quickly above $1m the past 6 months, are appraisals generally coming in on these? I would be doing 10% financing so trying to decide its worth enteraining an offer on a property like this without being a cash buyer. Any insight on the trend in appraisals for these type of properties? Thanks!

    1Reply
  • Wendy Vaidic
    Real Estate Agent · Indialantic, FL · Member since 2014 · 182 posts · 80 votes
    4y

    Hi Avery!  What type and brand of sheets do you recommend for the summer months?

    0Reply
  • Madhu Kumar
    Rental Property Investor · Philadelphia, PA · Member since 2017 · 30 posts · 2 votes
    4y

    Read your book, felt good to know about Short Term Rentals and how they are different from long term rentals. As you suggested, I want to stick to regional markets that are drivable. 

    1. Do you target locations that has travel business round the year or it does not matter? Up in North East where I live half the months in a year are not fit for short term rentals.

    2. Love to see what markets you suggest who live in Virginia?

    3. What markets are better for long distance short term rental markets?

    0Reply
  • John Carbone
    Realtor · Gatlinburg · Member since 2020 · 1k+ posts · 957 votes
    4y

    1. What kind of GRM are you targeting In the smokies now, and in general how difficult is it to get a financed deal through with an appraisal?

    2. Are you worried about too much supply coming on the market? 

    3. I noticed a lot of “houses” are being sold in the smokies now that people are renting out pretty well. The price points are cheaper to purchase but they are not “cabins”. Do you think this is only due to Covid, and once the frenzy slows down it will revert back to primarily a “cabin” only destination?

    Thanks 

    2Reply
  • Kevin Williams
    Member since 2021 · 1 post · 0 votes
    4y

    Hi Avery

    When choosing a market, what metrics do you look at and where do you get your information?

    0Reply
  • Brandon Holman
    New to Real Estate · Kilgore, TX · Member since 2019 · 12 posts · 8 votes
    4y

    Good evening Avery,

    First, thank you for you book. I just got it in the mail and am already half way through. It has already answered some questions and helped me and my wife decide where to start investing (as far as STR vs LTR). My question is:

    If I am not sure where to invest in a STR, can The Short-Term Shop help me find a market/STR that they believe will be successful? Should it be somewhat close being a first STR for an investor?

    I know this can depend on someone’s budget, and the investor needs to ultimately be the one to make it successful.  

    Thank you for your time!

    0Reply
  • Renee Camarena
    Dallas, TX · Member since 2021 · 7 posts · 4 votes
    4y

    What is a good occupancy rate and demand rate for a given market? 

    0Reply
  • Yancey Sanderson
    Member since 2021 · 10 posts · 1 vote
    4y

    What is a fair rate to expect from a STR property manager?

    0Reply
  • Alicia MarksPro Member
    OP
    Fort Worth, TX · Member since 2020 · 1k+ posts · 2k+ votes
    4y

    Please post all questions to the thread here: https://www.biggerpockets.com/...

    [email protected]Podcast Guest on Show #204
    0Reply
  • Shane Lafleur
    Real Estate Agent · Holly Springs, NC · Member since 2020 · 169 posts · 161 votes
    4y

    In the Book, "STR LTW", there was a topic around banking accounts. Do you truly have 7 accounts for each property? Is that scalable when you start to reach 5 through 10 (Good problems to have)?

    Also, what are your thoughts on Business Credit Cards for expenses or are you just using the funds from your expense account?

    Thanks! Love the book!

    0Reply
  • Carmen Ruiz
    New to Real Estate · Methuen, MA · Member since 2020 · 20 posts · 5 votes
    4y

    Good Morning,  I'm an investor in the NE Region, looking to invest in short term vacation rentals. I'd like to become proficient in analyzing short term vacation rentals.  Please help.

    0Reply
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