Surprising Results From AirBnB/Short Term Rentals in a Non-Vacation City (SD51)

Kirsten and Mark don't live in a getaway city, yet short term rentals have worked really well for them. How do they make it work? In today's episode we discuss the systems and tactics they now use to stay booked and ahead of the game in the short term rental game. However, before that, we find out how they stumbled into short term rentals in the first place, and how you can learn from that to more scientifically approach whether this strategy will also work for you. We discuss competing with hotels, keeping the advantage, building systems to keep guests happy, and much more.

In our headline segment, we talk about the big news from realtor world: the expected settlement is here and we're beginning to see how realtors are changing the game on how they're going to compete and stay alive in an environment where buyers may not come to the table with as much money or to be able to afford as much house. This leads us into a great discussion about interest rates and how to use flexible terms to purchase your next property or to refinance the one you have, without dipping into special financing specifically for rental units.

Of course we also share Doug's pop quiz about real estate in a college town and answer a call to Ruth's Rotary phone asking about whether we think Dave Ramsey is correct on a recent episode of his show. If you don't know Dave, he has a podcast nearly as popular as this one.

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Enjoy the episode and take notes! There's lots of meat here.