Short Term Rental Management

In this episode, Luke dives into the art of managing guests in vacation homes and the nuances of property management. He highlights the importance of communication, as well as understanding and sympathizing with your guests' experiences. By being proactive, communicative, and empathetic, you can ensure that your guests have a memorable stay, and you maintain a thriving rental business.     How to...

In this episode, Luke welcomes guest Justin Ford, who has been in the short-term rental industry for 26 years. Justin shares his experience starting a vacation rental company and shares a pivotal moment in his career when a guest was injured in one of his properties, leading him to reevaluate his approach to safety. They highlight the lack of regulations and awareness regarding safety in short-ter...

In this episode, Cashflow Carl discusses the topic of how many guests should be allowed in a vacation rental property. He emphasizes that there is no right or wrong answer to this question and suggests simply picking a number and adjust it later if needed. He shares his experience of being previously pet friendly, and how he knew rather quickly that method did not work for him.      How to connect...

This week Luke is bringing you another solo episode all about what bank you should be using. He touches on why you need a virtual bank and goes through the different banking options currently available.   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Facebook group ! Check out the Short Term Shop...

This week Luke has a solo episode about prioritizing the most important things with your STR properties. He'll touch on refraining from spending too much on crazy amenities, not spending countless hours tweaking your website, why you need to focus on your next down payment and more.    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us...

This week Luke and Tim are doing a goal setting session for the upcoming year. They discuss the importance of setting realistic goals and address the common mistake of setting unrealistic goals. They mention some of their goals for this year as well as some BHAGs (big hairy audacious goals).     How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  ...

In this episode, Luke had pleasure of being joined by two industry rock stars, Dave Meyer and Avery Carl. They delved into a recap of 2023, touched on some 2022 highlights, and speculated on what 2024 might hold for everyone.  They  also touched on the broader housing market, noting the significant drop in home sales in 2023, which was the lowest in 15 years, and discussed the potential impact of...

This week Luke is joined by Brian Seelos from Hospitable. They chat about what sets Hospitable apart from other property management softwares as well as what exciting new things are coming to the platform. They'll touch on the new ChatGPT integration,  chat gpt integration, google vacation rental feature and an improved metrics dashboard.   How to connect with Luke: The Short Term Shop - https://t...

This week Luke is breaking down his pyramid of pricing. He'll go through each tier of the pyramid and give his best tips on how to adjust your calendar pricing accordingly.   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Facebook group ! Check out the Short Term Shop on Youtube   For more informat...

This week the Reverend of Real Estate is preaching about the importance of giving back to real estate as much as you get from it. Luke talks about why you need to stay grateful and humble in the real estate business, and how having a bad attitude will almost always come back to bite you.    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follo...

This week Luke is joined by Bobby Herrington to discuss the insane experience he had with the very first guests who stayed in his property in the Smokys. Before jumping into his story, Bobby shares  how he got started as an utlra marathon runner. They'll discuss dealing with insurance when your house burns down, how Bobby educated himself during the process and how he was able to get through it al...

This week Luke is joined by another Luke! Lucas Piper joins STRM to discuss his experience owning Five Star Vacation Home Rentals and managing 25 vacation rental units. They discuss  new STR legislation in Austin, Texas, what it's like managing STRs in residential neighborhoods, Luke's 10 year goals for property management and more.   How to connect with Luke: The Short Term Shop - https://theshor...

This week Luke is joined by Kelsey, an agent with the short-term shop, to talk about her experience in short-term rental management. She shares how she and her husband bought a cabin in the Smokies and a property in Crystal Beach. Kelsey discusses the challenges they faced in finding the right property and the bidding process. They also discuss the benefits of setting up personalized real estate s...

 This week Luke is joined by a Short Term Shopper, Calvin Hawke! Calvin shares his story of how he ended up in real estate and shares a horror story about the time that his FIRST guest ever had bedbugs! Tune in to see how it worked out for him!   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Faceb...

This week Luke is joined by Chuck Kramer to discuss the different pillars of a great STR listing. They discuss the importance of crafting your headline, updating your description and more. Tune in to hear a breakdown of each of the 5 pillars.    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Facebo...

This week Luke is joined by Bill Faeth for a laidback conversation about their experiences in short term rentals, cohosting, and more. They talk about some recent challenges Bill has faced when purchasing a new property, the growing struggle for middle ground properties, the success of drive-in vacation markets and more.    After leaving UCLA, Bill pursued a career playing professional golf intern...

This week Luke is joined by Dale Smith, a successful short-term rental management professional in the United Kingdom. With over 900 properties under management, Dale's company, Host and Stay, has experienced rapid growth since its founding in 2018. They discuss Dale's goal of reaching 5,000 properties by 2025. They also talk about management processes and tech stacks for a large company as well as...

This week we are coming at you with a little bonus episode where we're going to do some math and figure out what it takes to quit your W2! We'll be using what Luke has coined as the "Freedom Formula".    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Facebook group ! Check out the Short Term Shop o...

On this week's episode Luke is joined once again by Pavan Mediratta. They discuss the evolution of short-term rental management over the years. They talk about the changes and advancements in technology, such as pricing software, and the importance of caring for guests and providing a memorable vacation experience. They also touch on the topic of saturation and finish off by reading some listener...

This week Luke is joined by another long time friend and Godfather of 1031 exchange, Dave Foster. Dave shares his story on how he ended up living on and raising his children on a boat for over a decade. They discuss the power of the 1031 exchange, tax advantages of owning multiple properties, how to maximize your retirement strategy asnd more.   Dave   Foster , a Qualified Intermediary (QI) invest...

This week Luke is joined by a short term rental OG and long time friend, Pavan Mediratta! Luke and Pavan discuss the challenges and misconceptions surrounding Vrbo bookings and share strategies to get more exposure on the platform. They also chat about the history or VRBO, why you need to be listing your properties on multiple platforms, getting kicked off of AirBNB and more!   How to connect with...

 This week we're talking all about sticker shock. Everything is more expensive these days! We'll discuss how this relates back to our guests, getting our next deal and how to not let sticker shock get you down.    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Term Shop Facebook group ! Check out the Short T...

 Today Luke is joined by Chuck Kramer for this season's preparation episode! They're going to give you their best advice for preparinging for Winter, aka the slow season. This includes getting your maintenance people on the books well in advance, knowing what kind of market you're in so you can adjust accordingly, a good rule of thumb for when Christmas should be booked and more. Click here to reg...

 This week Luke is joined by everyone's favorite, Tim Grillot to discuss your rates vs. your quality of guests. They go over how and why you should let people know why you have little/no reviews. They also stress the importance of striking a balance on your pricing and knowing that low rates don't guarantee bad guests, but neither do high rates.   How to connect with Luke: The Short Term Shop - ht...

On this week's episode we are talking all about why you need to get some long terms in order to be better at renting short terms. We'll talk learning the ins and outs of rental real estate, gaining patience, knowing when to get a property manager and more!   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram   Follow us on TikTok Join the Short Ter...