This week on the Nashville Investors Podcast our very own Michael Gomez (co-host of Music & Money Investors Group and real estate broker with Benchmark Realty) talks everything Air BnB and short term rental investing. He discusses some recent issues that have caused drama for short term rental investors and methods to be successful at short term rentals.
Michael expertly breaks down topics including:
- How to pick investment locations that are city/permit approved
- The most important factors to being a successful host
- Identifying guests to avoid
- What to do when things break
- Case studies with actual numbers from real Air BnB properties
At the end of the episode Brandon McSwayne, a short term rental property manager joins Michael to discuss the practical details of operating a short term rental using real life examples. Finally the episode ends with an in depth audience Q&A that is sure to answer many of your most pressing questions about Air BnB and short term rentals.
With a wealth of knowledge and tips for success, this episode is a must listen for short term rental or Air BnB newbies and pros alike.
Quotable moments from this episode:
“The number one thing for (a) short term rental is location… the question I answer probably a hundred times a week is ‘how far is downtown?’”
“Running a short term rental is a business… you have to be actively involved. It is NOT a passive investment.”
“Property management… is not where you want to go cheap. It can make or break your deal.”
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