Leveraging STRs to Scale Your Investing Portfolio with Avery Carl

Today in the podcast, we have Avery Carl, an author, the host of The Short Term Show podcast, and the CEO and founder of The Short Term Shop, a real estate agency nationwide that specializes in helping investors get connected with the best properties in the best markets to invest in short-term rentals. In this episode, Avery educates us using short-term rentals to scale your real estate investing business Additionally, she shares her personal opinions about a partnership, the significance of having a partner, and the terms of their collaboration in the rental business sector. Please stay tuned.

Key Highlights

[00:01:47] Introduction to Avery and what she does

[00:02:44] Avery talks about her family

[00:03:53] The inspiration behind Avery writing her book about STR

[00:07:32] How STR took Avery from 0 to 240 doors

[00:11:44] Why do we need to diversify our portfolio for STR?

[00:18:14] The importance of defined roles for partners in a partnership

[00:19:58] Why Avery likes honing in on regional drivable vacation-type destinations

[00:25:18] Avery’s market criteria for long-term rentals

[00:25:53] The Lightning Round:

  1. What is your favorite place to vacation? Wyoming
  2. What is one place you’ve never visited that you want to visit? Zion National Park
  3. What is one thing you know now that you wished you knew when you were starting out in short-term rentals? What 2020 and 2021 would do to STR
  4. What is the best piece of advice you’ve ever been given? Don’t let the perfect be the enemy of the good.
  5. What’s one thing and or person that you’re grateful for today? My husband

[00:28:52] Business versus family time talks

[00:30:10] Will Avery’s children join the family business?

Notable Quotes

●     You don’t need 1000 short-term rentals to get yourself to the point of having enough cash flow to make that happen because, at the end of the day, short-term rentals are a business; they’re a system.

●     Regional drivable places are both accessible and affordable, covering the entire spectrum of things that can go wrong in the economy. They’re just a little bit insulated from a lot of the outside factors that other types of markets are not, so that’s why I like to focus on them.

●     You need to take a good hard look at what you’re buying and what market you’re buying in. If you have to analyze it as separate asset classes to see if it will work, you shouldn’t cross asset classes once you can’t mix everything up like that. You need to keep everything separate.

●     My children are certainly welcome to join the family business if they want to, but the entire reason that we’ve set up this business is to allow them to do what they want to do and chase their dreams.

Resources

To get in touch with Avery:

She’s the author of the book: Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

If you want to buy a short-term rental using agents in any of our 15 markets, go to: https://theshorttermshop.com/

Podcast: The Short Term Show

Facebook: Facebook

LinkedIn: LinkedIn

Instagram: Instagram 

Let’s Connect!

My Facebook group (Female Short-Term Rental Investors) https://www.facebook.com/groups/911671659592801)

My personal website (https://staceystjohn.com/)

My Free Masterclass: How I Went From A W2 to An STR Dream Life

in 5 Simple Steps: https://staceystjohn.com/strwebinar/

The Short-Term Rental Society (https://www.strconnections.com/)

 
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