Year One and Done

Year One and Done

This week Luke dives into the challenges that second year hosts and short term rental managers often face, particularly the risk of complacency. He notes that many people start strong, eager to make a change in their lives, but after about 18 months, they can become too comfortable and neglect their properties. Luke emphasizes the importance of walking the fine line between being overly obsessed with your first property and completely forgetting about it. After putting a property into service, it's essential to keep an eye on its performance, especially regarding pricing and occupancy rates.

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

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For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

- https://amzn.to/3Adg6PA

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Avsnitt(196)

STR Rental Data with Sally from Key Data

STR Rental Data with Sally from Key Data

Luke Carl is joined by Sally from Key Data to break down the current state of the short-term rental market and what the data says about the months ahead. They discuss how the unusual timing of Labor D...

1 Sep 36min

Don't Let Anyone Tell You How Much it Will Make

Don't Let Anyone Tell You How Much it Will Make

Luke Carl discusses why investors should never rely on anyone to guarantee how much a real estate property will make, using the controversy surrounding Grant Cardone's real estate investments as a jum...

25 Aug 22min

Pricelabs AI Connection with Richie

Pricelabs AI Connection with Richie

On this week's episode of Short Term Rental Management, Luke Carl is joined by Richie Khandelwal, one of the founders of PriceLabs, to explore how the platform has evolved from manually entering thous...

18 Aug 41min

I'm No Longer Asking for Reviews

I'm No Longer Asking for Reviews

Luke Carl questions whether hosts have become too focused on asking guests for five-star reviews, arguing that constantly requesting feedback can come across as desperate and may even encourage negati...

11 Aug 13min

Reviews After 10 Years

Reviews After 10 Years

Luke Carl explains why bad guest reviews are one of the most valuable tools for improving a short-term rental business, arguing that even unfair criticism often contains a lesson worth addressing. He ...

4 Aug 11min

Killing it in Killington

Killing it in Killington

Luke Carl is joined by Holly from Killington Mountain Homes to discuss how she leveraged her background in the tech industry to build a high-performing short-term rental management company in Vermont....

28 Juli 45min

How and When to Rehab a Short-Term Rental

How and When to Rehab a Short-Term Rental

Luke Carl shares practical advice on planning and managing short-term rental rehabs, explaining why the offseason is the ideal time to tackle major projects and why new owners should resist renovating...

21 Juli 20min

Guestspectations

Guestspectations

Luke Carl explains why setting clear guest expectations—what he jokingly calls "guestspectations"—is one of the most important responsibilities of a short-term rental property manager. He argues that ...

14 Juli 13min

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