579: The Secret Sauce Behind Short-Term Rental Success (Part 2) w/Rob Abasolo 55:39

    <p>You can <a href="https://www.biggerpockets.com/blog/4-reasons-to-invest-in-real-estate"><strong>build wealth</strong></a><strong> with short-term rental investing</strong> quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to <strong>make your </strong><a href="https://www.biggerpockets.com/blog/vacation-rentals-high-profit"><strong>vacation rental</strong></a><strong> stand out from the rest</strong>. This is exactly what investors<strong>David Greene</strong> and <strong>Rob Abasolo </strong>are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.</p><p>But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still <strong>make a phenomenal return in the short-term rental space</strong>, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like <strong>finding a </strong><a href="https://www.biggerpockets.com/blog/how-to-choose-the-right-market-to-invest-in-short-term-rentals"><strong>short-term rental market</strong></a><strong>, choosing your location, </strong>and <strong>defining your strategy</strong>.</p><p>In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like <strong>what property type works best </strong>for which investors, understanding your timeline so you can <strong>build wealth while obtaining </strong><a href="https://www.biggerpockets.com/blog/financial-freedom-guide-30-somethings"><strong>financial freedom</strong></a>, and <strong>divvying up work between you and your partners</strong> (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!</p><p><strong>In This Episode We Cover:</strong></p><p>The four main<strong> types of short-term rental properties</strong> and the benefits of each</p><p>How to <a href="https://www.biggerpockets.com/blog/overcome-fear-start-investing-now"><strong>mitigate your investing fears</strong></a> so you and your partners can move with confidence</p><p>Understanding not only your <strong>cash flow goals</strong>, but your <strong>long-term equity goals</strong> as well</p><p>Laying out clear <strong>roles and responsibilities for each partner</strong> in the investment</p><p>How to cautiously <strong>bring in outside investors </strong>on your vacation rental deals</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="http://biggerpockets.com/insights/property-searches/new">BiggerPockets Rent Estimator</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="http://biggerpockets.com/talent">BiggerPockets Talent Search</a></p><p><a href="https://www.biggerpockets.com/rental-property-calculator">BiggerPockets Rental Property Calculator</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://www.airbnb.com/">Airbnb</a></p><p><a href="https://www.biggerpockets.com//events">BiggerPockets Events</a></p><p><a href="https://www.airdna.co/">AirDNA</a></p><p><a href="https://www.investwithdavidgreene.com/">Invest With David Greene</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-578">BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo</a></p><p><a href="https://www.youtube.com/watch?v=AcqJNBqVDU0">Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb</a></p><p>Check the full show notes here: <a href="https://www.biggerpockets.com/blog/real-estate-show-579">https://www.biggerpockets.com/blog/real-estate-show-579</a></p>
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