81 episodes
The Short Term Rental Profits Show Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Ass
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3.5 • 73 Ratings
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Navigate the rapid rise of short term real estate investment properties with the SHORT TERM RENTAL PROFITS podcast. Airbnb and VRBO have created new opportunities for savvy income property investors to increase cash flow and maximize ROI.
Listen to SHORT TERM RENTAL PROFITS and learn how to identify the best markets to invest in as each city offers unique ratios of risk and profitability. Learn how property managers can simplify the experience for investors and how you can leverage dynamic pricing to maximize revenues as seasonal demand varies throughout the year. Listen and learn how to market and advertise your property using the latest tools and learn the key differences between short term rental and residential rental strategies.
Do you want to increase positive cash flow today while tapping into the short term rental market of tomorrow? Listen to the SHORT TERM RENTAL PROFITS podcast and learn key tips on how to select, purchase, and market your property. Your family’s financial freedom is just one podcast away, listen to SHORT TERM RENTAL PROFITS today.
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81: Tech Solutions for Short-Term Rentals: Insights from Jetstream Hospitality with Jessica Larsen
Jason talks to Jessica Larsen from Jetstream Hospitality about managing short-term rental properties. Jessica shares her expertise as a short-term rental operator and explains how Jetstream simplifies her work by handling guest management, listing distribution, and coordination tasks. Jetstream’s tech stack and 24/7 guest communication team are highlighted as key benefits. Jessica emphasizes the importance of embracing technology in the real estate sector and encourages other agents and operators to do the same. She also discusses midterm rentals, tech integration in properties, and the potential for real estate agents to adapt to new tech trends.
#ShortTermRentals #RealEstate #PropertyManagement #TechSolutions #Airbnb #VacationRentals #JetstreamHospitality #RentalManagement #GuestExperience #RealEstateTech #PropertyTech #RealEstateInvesting #MidTermRentals #SmartHome #TechInRealEstate #RealEstateAgents #PropertyOwners #RentalIncome #VacationHomes #RentalTech
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
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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 -
80: Building Generational Wealth: The Life Plan Blueprint with Bill Faeth
Jason welcomes Bill Faeth as they talk about Bill's entrepreneurial journey and his approach to creating wealth. Bill shares his experiences of founding 31 startups, dealing with different personalities in business, and the importance of aligning work and life. He emphasized the need for a mindset shift towards integrating work and life, and the need for intentional alignment with one's spouse. Bill also discussed the influence of a Fortune 500 CEO, on his life who introduced him to the concept of a life plan. He stressed the importance of being present in his life, especially with his family, and talked about auditing his success as a parent.
https://www.billfaeth.com/
#RealEstate #USMarket #Mortgages #NARSettlement #IndustryConsolidation #LoanOfficers #AntitrustLawsuit #HousingMarket #Investing
Key Takeaways:
1:04 Have a "life plan"
9:19 The angle of money and the idea of "enough"
15:57 Why real estate
19:37 The future of real estate and timing the market
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 -
79: Managing Your Own Short Term Rentals with Julia Spencer
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 -
78: Short Term Rental Growth, Hospitality Brand Mindset, AirBnB Bust, Jasper Ribbers of GetPaidForYourPad
Jason welcomes Jasper Ribbers of GetPaidForYourPad.com. They discuss investing in the short term rental space, building a ‘hospitality brand mindset’ regardless of what is happening in the market and how the industries or ‘ecosystems’ around it are affected. They also talk about how short term rentals are turning to be midterm rentals and how to find your customers outside of Airbnb.
Key Takeaways:
1:04 Welcome Jasper Ribbers of GetPaidForYourPad.com
1:24 An update on what’s happening in the short term rental world
2:31 When AirBnB allowed cancellations without penalty
3:26 A general life lesson and the time line for growth explosion
5:39 Living the nomad lifestyle and the adoption of remote working technology
9:03 The rising rates in today’s market and the “AirBnB bust”
11:50 Amazing supply growth globally and in a small town in California
13:49 Building a hospitality brand mindset, regardless of what’s happening in the market
16:38 Knock on effects on the market and related industries
18:57 What we can expect in the future of the short term rental industry
21:14 The best segment of the short term rental market
23:58 Potential shift in the market from short term to midterm rentals
26:05 Finding your customers outside Airbnb
Mentioned:
https://www.FurnishedFinder.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 -
77: Landlord Best Practices, Hybrid Property Management, Tenant Selection, Eli Secor
What are some of the best practices landlords do to maximize their profits and enjoy more of life? Listen in as Jason welcomes Landlordgurus.com‘s Eli Secor to the show. Eli talks about the processes and practices that successful owners use in selecting, retaining, and managing tenants. He’ll address topics such as the application process, documents and lease signing, maintenance requests, and handling of the move-out and deposit refund process and so much more.
Landlordguru’s commitment is to provide expert advice on the complex and important residential property management issues faced by landlords and property managers. Landlordguru has over 30 years of combined experience in residential property ownership and management. In addition to sharing their own expertise and experiences, they call on specialists in fields including maintenance, laws and rules, tenant management, and more.
Mentioned:
Avail.co Landlord software
Payrent.com Collect rent online
Hemlane.com Property Management software
Yelp
Thumbtack
TaskRabbit
Angi.com (formerly Angie’s List)
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 -
76: Beat the IRS at Their Own Game! TAX SMART Investing, The Real Estate CPA, Brandon Hall
Jason Hartman welcomes back Brandon Hall, CEO of Hall CPA to talk about tax strategies for real estate investors. If you're a real estate investor, you really have to know the passive loss rules - you can’t afford not to! As Jason always says, taxes are the single largest expense in most people's lives, yet people spend so little time understanding the tax code and learning how they can benefit from it.
Brandon Hall shares multiple strategies and educates you on the ways you can significantly reduce and potentially even eliminate your tax bill through short term rentals and the passive activity loss rules of Section 469.
Don’t miss this SPECIAL OFFER on Brandon Hall’s Tax Smart Foundation course at JasonHartman.com/taxsmart! Start your education today and use promo code HARTMAN for 50% off!
Key Takeaways:
0:00 Welcome Brandon Hall, CEO of Hall CPA and TaxSmart Investors to talk about tax strategies for real estate investors
1:05 Taxes are the single largest expense in most people's lives
2:35 Brandon Hall, CPA, Tax Smart Foundation
3:32 Long term and short term rental tax loopholes
5:04 Section 469 of the Internal Revenue Code: passive activity loss rules
7:02 RE taxes when you sell a property
8:35 Depreciation recapture
9:22 Cash flow today that you're not paying tax on
10:33 Tax loss from your rental real estate - passive and non passive income
14:10 Most real estate is going to produce net operating income positive cash flow, while simultaneously producing a tax loss
14:49 Use your suspended tax losses from rental real estate to protect my tax benefit
16:39 Investing in short term rentals and real estate professionals
17:48 A short term rental is not a rental activity under Section 469
20:15 Top three material participation tests
21:25 Start self managing your rentals with software
23:17 Self managing is all about systems
24:02 The huge benefit of 1031 exchange
25:17 Qualifying as a real estate professional
29:05 Excess business loss rules
31:52 Bringing forward depreciation deductions through cost segregation
32:40 Losses can always offset business income or rental income
33:49 Biden tax plan
34:49 SPECIAL OFFER on Brandon Hall’s Tax Strategy Foundation course at JasonHartman.com/taxsmart! Use promo code HARTMAN for 50% off!
JasonHartman.com/TaxSmart
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
Customer Reviews
Content Good / Format Poor
It was stressful to listen to because the host was rushing the guest. The guest kept saying "not sure I can get into that because of the time," which accentuated that speed was the goal. Content is really good, but let it flow out naturally, even if that means you don't get to all the questions on the list.
Keep the politics out of it
It sounded interesting and had some decent info until he referred to the “plandemic”. Credibility: shot.
Great Podcast
Great Podcast! Great information if you are getting into the STR industry. Jason always interviews great guests with really good tips and insights!