Buying and Managing Short Term or Vacation Rentals - Real Estate Investing

Learn about buying and managing short term rentals in this discussion with Scott Sutherland. Scott and his wife, Sally, manage several short term rentals in Austin, Texas. In this discussion, Scott discusses: - short term rentals vs. long term rentals - advantages and disadvantages of owning and buying a short term rental - buying the houses and evaluating the cost vs. the potential rental income - how rent your own home as a short term rental - the pros and cons of AirBnB vs. Homeaway vs. VRBO - Getting permits in the city of Austin for short term rentals - Hotel taxes - Expenses for short term rental - Insurance needed for your short term rental, even if you're using your primary residence - What to stock in your short term rental - How to manage keys and greeting your guests - Check-in/Check-Out Procedures - Taking/Returning/Managing Deposits -------------- This discussion was recorded as part of our Central Austin Real Estate Meetup. https://www.facebook.com/groups/616101995182672/ Discussions on other real estate investing topics can be found on this YouTube Channel or at http://lynncurriebuilds.com/

Comments

1. I have two STRs now and am looking to get two more by end of year. Actually looking for quad-plex. Then I'm done. The ROI is great.
2. Have consideration for the people who live in those neighborhoods.
3. Great video packed with very useful information! I live in Tryon NC where a huge equestrian center is under construction, to be completed in 2016. Local realtors are hunting for short term rentals. Many visitors are already coming and going, so the demand for accommodations is increasing. You've given me plenty to consider. Thanks!
4. Interested in buying and managing short term rentals? Scott Sutherland shares his story about how and he and his wife, Sally, manage several.
   
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