Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

4.8 4.8 out of 5 stars | 957 ratings

Price: 13.08

Last update: 08-21-2024


About this item

From analyzing potential properties to effectively managing your listings, this book is your one-stop resource for making a profit with short-term rentals!

Airbnb, Vrbo, and other listing services have become massively popular in recent years - why not tap into the gold mine? Whether you’re new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream - but only if you acquire and manage your properties correctly.

Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than long-term rentals. Avery Carl, the CEO and founder of The Short Term Shop, will show you how to choose, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome obstacles that keep many would-be investors from ever getting started!

In this book, you’ll learn how to:

  • Identify the best markets for short-term-rental investing
  • Analyze the potential income and profitability of a short-term-rental property
  • Self-manage a short-term rental right from your smartphone
  • Build a local boots-on-the-ground team for an out-of-state investment
  • Automate your self-management systems
  • Use the income from short-term rentals to scale your investment portfolio

Top reviews from the United States

Colin Rawlings
5.0 out of 5 stars Great information
Reviewed in the United States on August 9, 2024
Avery Carl wrote a top notch book. I read Michael Elefante’s book first. While it was an alright book it left something to be desired. This book on the other hand provides all of the information to answer your questions and then some. The fact that Avery is also a licensed realtor lends itself to the information provided throughout each chapter. Start with Michael Elefante’s book to dip your toes in the STR information pool then immediately follow up with this to dive head first and answer the remainder of your questions.
Joe
5.0 out of 5 stars Great information.
Reviewed in the United States on July 4, 2024
Well written.
M. Smith
5.0 out of 5 stars Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacatio
Reviewed in the United States on June 29, 2024
Very informative information.
Bill Lyons
5.0 out of 5 stars Outsanding STR Book!
Reviewed in the United States on August 12, 2023
To be honest, I wasn't expecting much out of this book, but I bought it anyway based on a Realtor's recommendation. I was truly blown away; it went into every step-by-step detail on how to build wealth through STRs. My company is a STR DSCR direct lender, and we are going to share this book with all of our clients. The only thing outdated in the book (it looks like the book was written in 2020/2021) is on pages 38-40 regarding STR financing. The second home strategy no longer works (even if you are using it for part of the year). Ever since the GSEs added loan level pricing adjustments (LLPAs) in 2022 for 2nd homes, the interest rates and buydown points don't pencil out, and you are better off going with a Non-QM DSCR loan. There are also investor syndicate LLC strategies that you can deploy to acquire STRs. Regardless of those 3 pages being outdated, it covers anything and everything short-term rental investing. Quick easy read, and a reference guide on your STR journey.
Marcus
4.0 out of 5 stars Good Book
Reviewed in the United States on December 4, 2023
Short book, but easy and good read. I felt that it could have gone into more depth on STR's but overall a good book and great overview if you are just starting out. Bigger pockets is a great resource and always deliver a good product.
Angela Rea
5.0 out of 5 stars Could not put the book down and finished in less than 24hrs!
Reviewed in the United States on November 18, 2021
I have pre-ordered this book when I stumbled upon Avery on Bigger Pockets. This book is gold! My husband and I have been thinking of Real Estate for years now and have not had some downtime with our 11addresses worth of moves until settling here in Virginia with our 2little kids.

I started looking and learning everything I could, from forums to reaching out and networking this past year and quite honestly haven't had enough courage to pull the trigger again. We put an offer on a beach home this past month and were discouraged that despite offering 20k over, we were outbid along with the 22 other offers the sellers received. We were disheartened, to say the least and started thinking we should pause our process.

Then came this book in the mail!!! I finished this book in less than 24 hours, along with my highlighter and page markers! I could not put this book down! This book is so great, I feel inspired and pumped to venture out, and even greater my husband who was the more skeptic between the two of us is as pumped as me. I was reciting paragraphs to him of things that we could relate so much, which really the entire book! By the time I was finished, he was more confident and is ready to make offers!!! This was the extra boost we were missing!

I could go on for days how great this book is! Anyone who is thinking of real estate should definitely give this book a read! It was easy, simple, concise, and direct to the point!
steven Miller
5.0 out of 5 stars Great value
Reviewed in the United States on December 17, 2023
this book is a very easy read, lots of tips for beginners and experienced investors alike. learned a lot and enjoy implementing some of these strategies.
M. Barkley
5.0 out of 5 stars Excellent step by step book for the how to's for short term rentals!
Reviewed in the United States on August 13, 2023
This is such an excellent “how to”
guide book! If you are looking to get into the short term rental game or simply up your current game, this is the book for you! I highly recommend! We have used Avery Carl's real estate team to purchase two STR"s and couldn't be more pleased with the cash flowing results!

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