How to Invest in Short-term Rentals | Queer Money Ep. 498 Queer Money®: How Gay People Do Money

How do you make money with short-term rentals? Is it worth it? Is the market over saturated?
This is Queer Money episode #498, and today we’re joined by Jason Muth, owner of Prideaway Stays where he focuses on helping the LGBTQ+ find and rent out short-term rentals, especially in the Provincetown, MA area.
Topics Covered:
How Jason’s side hustle with STRs turned into his full-time jobWhy Jason focuses on classic vacation markets that have existed for decadesHow listening to Bigger Pockets inspired Jason to invest in STRs The first 3 steps Jason took to start making money with vacation rentalsWhat it means to have a ‘power tribe’ and why it’s importantJason’s conservative approach to growing a short-term rental portfolioThe hidden costs of getting a short-term rental business off the groundWhy it’s crucial to set clear expectations in your listing and then overdeliverStrategies for mitigating the risk of ‘bad guests’ trashing your propertyJason’s advice on responding to negative reviews by taking the high roadHow to get into STRs through cohosting without buying a property yourselfWhat it means to ‘make a profit on the purchase’ of real estate
For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 
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