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How to Invest in Short-term Rentals | Queer Money Ep. 498
Season 9 Episode 498
How do you make money with short-term rentals? Is it worth it? Is the market over saturated?
This is Queer Money episode #498, and today we’re joined by Jason Muth, owner of Prideaway Stays where he focuses on helping the LGBTQ+ find and rent out short-term rentals, especially in the Provincetown, MA area.
Topics Covered:
- How Jason’s side hustle with STRs turned into his full-time job
- Why Jason focuses on classic vacation markets that have existed for decades
- How listening to Bigger Pockets inspired Jason to invest in STRs
- The first 3 steps Jason took to start making money with vacation rentals
- What it means to have a ‘power tribe’ and why it’s important
- Jason’s conservative approach to growing a short-term rental portfolio
- The hidden costs of getting a short-term rental business off the ground
- Why it’s crucial to set clear expectations in your listing and then overdeliver
- Strategies for mitigating the risk of ‘bad guests’ trashing your property
- Jason’s advice on responding to negative reviews by taking the high road
- How to get into STRs through cohosting without buying a property yourself
- What it means to ‘make a profit on the purchase’ of real estate
For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe
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Published on 1 year, 8 months ago