• STR 3 - Pricing and Managing Your Short Term Rental for High ROI with Wendy Sweet

  • Nov 3 2017
  • Length: 26 mins
  • Podcast
  • 5.0 out of 5 stars (1 rating)

STR 3 - Pricing and Managing Your Short Term Rental for High ROI with Wendy Sweet

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  • Summary

  • Sites like AirBnB, HomeAway and the like are popping up and being used more than ever. Many people believe that they need to be in high traffic cities like LA, NY, Miami, etc, in order to take advantage of owning a short term rental property.

    Wendy Sweet, Principle of Carolina Hard Money, talks with Jason Hartman about how she's making her AirBnBs thrive out in "the middle of nowhere" and some of her pricing tips and tricks to make her short term rental profits double those of her single family long term rental properties.

    Key Takeaways:

    [1:42] Who are the AirBnB tenants in the middle of nowhere?

    [4:32] Wendy's strategy for putting her homes on the market

    [7:07] Wendy's pricing strategy for filling any vacancies, and how AirBnB helps with it

    [12:42] Wendy's experience experimenting with AirBnB's Smart Pricing software

    [15:20] The one problem guest Wendy has had so far

    [18:37] How technology can make being a Short Term Rental host possible from long distance, and whether Wendy is using any currently

    [22:28] Comparing Wendy's experience with long term vs short term rentals

    Website:

    www.CarolinaHardMoney.com
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Very Helpful for New STR Investors!

I almost didn’t try this podcast since it had one bad review. Im glad I gave it a try, I started from the beginning and am 4 episodes in and love it. The host asks excellent questions and is clearly very knowledgeable and the guests are very experienced and share great information. I have 1 STR and am in the process of building another one since the first is doing so well and am finding this information extremely helpful as I build my portfolio in this space. I’ve only been doing it for about 8 months so there is a lot I need to learn and am finding the kind of information I need here.

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