• How to Invest Successfully in Short-Term Rentals

  • May 28 2024
  • Duración: 34 m
  • Podcast

How to Invest Successfully in Short-Term Rentals

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  • There is an insane amount of money being spent on lifestyle by people who have enough to make that choice. No wonder the short-term rental market boomed. And with booms comes saturation as everyone jumps onto the bandwagon to make their own bit, and now the competition is insane. But no worries. In this Hidden Money Podcast episode, we talk with Shawn Moore of Vodyssey, a short-term rental expert and coach with 24 years of experience in the ups and downs of this tricky but lucrative market. We explore just what you need to know to play in that top 20% creamy layer that can make short-term rental investments well worth it for you. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this podcast, we discuss: The challenges of standing out in saturated markets, particularly in the short-term rental market.Strategies for differentiation, including focusing on selling experiences rather than just properties.The importance of curating target audience-specific experiences and investing in custom artwork and setups to enhance properties.The significance of storytelling through property experiences and the impact on guest engagement and booking conversions.Real-life examples of property owners struggling in saturated markets and the potential for distressed property acquisitions with strategic revitalization efforts.Shawn Moore's shift towards providing extensive free education and resources through Vodyssey to empower property owners and investors in navigating the short-term rental market effectively.Key factors to consider when evaluating potential investment markets, including property ownership rights, short-term rental regulations, and profit drivers.Market preferences and potential investment opportunities in college towns, Southeastern regions, and specific areas like the Bourbon Trail, Wisconsin Dells, and Hocking Hills.The rationale behind prioritizing cash flow and acquisition cost ratio in investment decisions, favoring markets with lower acquisition costs and higher revenue potential.Advice for property owners considering investing in competitive markets, cautioning against overreliance on speculative emerging markets and advocating for focusing on established markets with sustainable growth potential. To Learn More You can get more education on short-term rental investments by visiting the Vodyssey website - Short Term Rental Property Investing | Vodyssey Be sure to listen to the podcasts at Podcast - Vodyssey and download the book Are Short Term Rentals a Good Investment? | Vodyssey to learn more about this intriguing topic. Shawn and his team of experts are right there to help you if you need to book a consultation too. To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
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