Shortterm rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable shortterm rental model. Real estate investors quickly realized that they could capitalize on the longterm equity gain of rental properties with the cash flow of hotels in one highlylucrative asset class. Thus, the rise of the shortterm rental, VRBO, and Airbnb investor was born.

Arguably the most notable shortterm rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the shortterm rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cashflowing, equityincreasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the shortterm rental space.

This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a shortterm rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of shortterm rentals, and how to build a vacation rental strategy 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 build a strong portfolio that will benefit you for decades to come.
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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?...
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Sign Up for BiggerPockets Events Like ShortTerm Rental Bootcamps:
https://www.biggerpockets.com/events?...
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It's Not Too Late to Join the ShortTerm Rental Investing Game:
https://www.biggerpockets.com/blog/sh...
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How to Analyze a ShortTerm Rental Before Buying:
https://www.biggerpockets.com/blog/an...
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Subscribe to David’s Youtube Channel:
   / davidgreenerealestate  
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Watch Rob’s Video “This is exactly how much your property will make on Airbnb”:
   • This is exactly how much your propert...  
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Invest with David on His Upcoming Projects:
https://www.investwithdavidgreene.com/
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Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube:    / robuilt  
Instagram:   / robuilt  
TikTok:   / robuilto  
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/d...
Rob: https://www.biggerpockets.com/users/r...
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Follow David on Instagram:
@davidgreene24 or   / davidgreene24  

Episode 578

Show notes at: https://www.biggerpockets.com/show578...

0:00 Intro
3:54 Step 1: Choosing a ShortTerm Rental Market
11:41 Cash Flow vs. Appreciation
16:34 Step 2: Choosing Your Location
22:20 OutofState Investing vs. Local Investing
26:14 The 4 ShortTerm Rental Categories
33:34 Vendor Availability, Competition, and Market Growth
37:14 Vacation Rental Seasonality
40:44 Step 3: ShortTerm Rental Strategies
43:38 The Time Commitment of Running Vacation Rentals
46:56 How Much Risk (and Growth) Can You Handle?
50:10 Remodeling Your STR
53:59 Outro