42 min
79: Managing Your Own Short Term Rentals with Julia Spencer The Short Term Rental Profits Show
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- Investing
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.
Key Takeaways:
2:56 Julia has about 30 listings for her 7 homes
7:09 Julia's portfolio prior to starting short-term rentals
9:53 The importance of the review system in the short-term rental market
12:58 Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes
16:59 Short-term rentals and problems with neighbors
21:23 Red flags (and green flags) for properties you're considering for short-term rentals
25:51 What team members do you need in order to self-manage?
31:24 Whether Julia has ever looked into using (or used) a property manager
34:41 How Julia streamlines her operations
38:21 A real life example of what kind of profits Julia makes on her properties
Website:
www.JuliaMSpencer.com
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.
Key Takeaways:
2:56 Julia has about 30 listings for her 7 homes
7:09 Julia's portfolio prior to starting short-term rentals
9:53 The importance of the review system in the short-term rental market
12:58 Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes
16:59 Short-term rentals and problems with neighbors
21:23 Red flags (and green flags) for properties you're considering for short-term rentals
25:51 What team members do you need in order to self-manage?
31:24 Whether Julia has ever looked into using (or used) a property manager
34:41 How Julia streamlines her operations
38:21 A real life example of what kind of profits Julia makes on her properties
Website:
www.JuliaMSpencer.com
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com
42 min