EP385 Successful Strategies in Short-Term Rentals Panel Discussion With Al Williamson, Kate Stoermer and Jeremy Garcia
Manage episode 363361770 series 2391318
What’s new in short-term rentals? According to AirDNA bookings are up, but so are the number of rentals available. More competition means less profit to go around. Investors who rushed in without a plan are now second-guessing their decisions.
But there are strategies, both new and old, that are working and being employed by savvy investors.
What are those successful strategies in the short and mid-term rental space? We’ve gathered three successful investors today to help us find out:
Al Williamson is the world's first landlord scientist and an expert on extended stay Airbnbs—meaning he is a thought leader on furnished rentals that are available on a monthly basis.
Al was also our featured speaker at the annual RPOA Conference where he presented on extended stay rentals.
Kate Stoermer, The CEO Host. Kate is an Airbnb Superhost and VRBO Premier Host, who owns and manages her own portfolio and manages for others. She is experienced with partnerships, private money lending, and has analyzed hundreds of deals. Kate brings her perspective from 27 years as a healthcare executive and U.S. Navy veteran to everything she does.
Jeremy Garcia has done over 50 flips, invested in notes, multifamily, short-term rentals, long-term rentals, boutique hotels and resorts, and also does corporate rentals in the greater West Michigan area.
Jeremy and his wife Melanie are building out an 8-unit Airbnb boutique hotel in downtown Muskegon, and recently acquired a resort property on Lake Michigan.
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.