578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo 01:00:50

    <p><a href="https://www.biggerpockets.com/blog/short-term-rental-market-watch"><strong>Short-term rentals</strong></a> have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the <strong>long-term equity gain</strong> of rental properties with the <strong>cash flow </strong>of hotels in one<strong> highly-lucrative asset class</strong>. Thus, the rise of the short-term rental, VRBO, and <a href="https://www.biggerpockets.com/blog/airbnb-real-estate-investing-pros-cons">Airbnb investor</a> was born.</p><p>Arguably the most notable short-term rental investor in the space today is good friend of the show, <strong>Rob Abasolo</strong>. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor <strong>David Greene</strong>, has partnered up with him to collectively<strong> build their cash-flowing, equity-increasing empire together</strong>. With dozens of deals under both of their belts, Rob and David walk through the <strong>five steps that it takes to find success in the short-term rental space</strong>.</p><p>This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into<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> that fits your needs and goals, <strong>choosing a location </strong>that specifically benefits you as the investor, the<strong> different types of short-term rentals</strong>, and how to <strong>build a vacation rental strategy</strong> that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can<strong> build a strong portfolio that will benefit you for decades to come</strong>.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>Choosing a short-term rental market</strong> and what aspects to look for</p><p><a href="https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation"><strong>Cash flow vs. appreciation</strong></a> and which matters more when it comes to STR investing</p><p>The <strong>four types of short-term rental markets </strong>and which have the best chance of success</p><p><a href="https://www.biggerpockets.com/blog/balance-seasonality-vacation-rentals"><strong>Seasonality</strong></a> and factoring it into your revenue and profit calculations</p><p>The<strong> risks of investing in vacation rental </strong>markets and how to scale your portfolio faster</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.airbnb.com/">Airbnb</a></p><p><a href="https://www.linkedin.com/in/brianchesky/">Brian Chesky's Linkedn profile</a></p><p><a href="https://visitjulian.com/">Julian (San Diego, California) town profile</a></p><p><a href="https://www.eurekasprings.org/">Eureka Springs City (Arkansas) profile</a></p><p><a href="https://www.waco-texas.com/">Waco City (Texas) profile</a></p><p><a href="https://www.hgtv.com/profiles/talent/chip-gaines/chip-gaines-bio">Chip and Joanna Gaines HGTV profile</a></p><p><a href="https://www.gocalaveras.com/itinerary/gold-country/copperopolis-california/">Copperopolis Town (Calaveras County, California) profile</a></p><p><a href="https://www.airdna.co/">AirDNA</a></p><p><a href="https://www.cityofdestin.com/">Destin City (Florida) profile</a></p><p><a href="https://www.gatlinburg.com/">Gatlinburg City (Tennessee) profile</a></p><p><a href="https://www.nps.gov/grsm/index.htm">Great Smoky Mountains </a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p><a href="https://www.redfin.com/">Redfin</a></p><p><a href="https://www.youtube.com/watch?v=2mVI2p_P-B8">Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income</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><br></p><p><br></p><p>Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578</p>
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