Avery Carl bought her first rental property at age 26 on a $37,000 salary. Through strategically investing in short-term rental properties in mature vacation rental markets, she was a millionaire by 31. She now owns a portfolio of 24 properties, and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom. We spoke to Avery about short-term rentals, strategies to follow, and the importance of education.
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[00:01 – 05:09] Opening Segment
- Avery talks about her background.
- How she started investing.
- The reasons why she got into short-term rentals.
[05:09 – 15:25] The Short-Term Shop
- She talks about how her short-term rental journey started out.
- How they got some systems and processes going before they started purchasing new properties.
- She explains what she does with the “Short Term Shop” and how she helps investors.
- How she took the lessons learned and systematized them.
- How she educates buyers.
- How she helps investors remote self-management.
- Short term rental specialized agent vs. Traditional residential agent
[15:25 – 30:45] All About Education
- Avery talks about her podcast “The Short-Term Rental Show”.
- She talks about her book “Short-Term Rental, Long-Term Wealth”
- Things to know when investing in short-term rentals in metro markets.
- Some of the common questions that Avery gets about short-term rentals.
- Why she expanded her portfolio beyond short-term rentals.
- The importance of building a diversified, recession-resistant portfolio.
- The importance of a business plan of a deal.
[30:45 – 37:13] Round of Insights
Apparent Failure:
Getting fired by a client as a real estate agent.
Digital Resource:
Cozy App
Most Recommended Book:
Daily Habit:
Waking up early.
#1 Insight for Short Term Investing
In short-term rentals, the success of a property is more dependent on how you manage it than the amenities of the property itself.
Best Place to Grab a Bite in Destin, Florida:
Camille’s
Contact Avery:
Listen to Avery’s podcast “The Short Term Show” or go to her Youtube channel. Get her book “Short-Term Rental, Long-Term Wealth” at the Bigger Pockets Shop and to learn more go to Avery’s website.
Tweetable Quotes:
“I went from making $37k a year to owning a hundred and five properties in five years. If I can do it, you can do it. I am not special ” – Avery Carl.
“In short term rentals the success of a property is more dependent on how you manage it than the amenities of the property itself.” – Avery Carl
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