Shows
Short Term Rental ManagementCleaner Pod 2On this week’s episode of Short Term Rental Management, Luke Carl brings together four professional short-term rental cleaners from diverse markets—Smoky Mountains, Gulf Shores, and Panama City Beach—to dive deep into the challenges and systems behind running successful cleaning operations. The conversation explores boundaries between cleaning and property management roles, scaling pains, communication systems, expectations from hosts, and the importance of deep cleans and trust.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Jo...2025-04-2956 minShort Term Rental ManagementCurrent Market Conditions Spring 2025On this week's episode of Short Term Rental Management, Luke dives into the current real estate market conditions in spring 2025, highlighting a significant slowdown in home sales, particularly in the vacation rental space. He shares personal insights from his recent property shopping experiences, noting that many 2021-era "COVID hosts" are looking to sell, often at a loss, while new buyers are hesitant due to economic uncertainty and interest rate fluctuations. Luke emphasizes that while the market is slow, this presents a prime opportunity for savvy investors to acquire properties at a discount. He also reassures hosts that competition is...2025-04-0820 minShort Term Rental ManagementRenting an "AirBNB"On this week's episode of Short Term Rental Management, Luke discusses the power of brand genericization, focusing on how Airbnb has become synonymous with short-term rentals, much like Kleenex for tissues. He explores why people say they "rented an Airbnb" even if they booked through Vrbo and contrasts this with Zillow, which has not achieved the same linguistic impact despite its dominance in long-term rentals. Luke also makes a compelling case for Zillow to introduce a vacation rental listing option, arguing that hosts would benefit from the platform's visibility.
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...2025-04-0114 minShort Term Rental Management"I Don't Like My Landlord"On this week's episode of Short Term Rental Management, Luke discusses the perception of landlords and the misconceptions surrounding property ownership. He reflects on a social media thread filled with anti-landlord sentiment and shares his perspective on what it truly means to be a responsible and caring property owner. Luke emphasizes the importance of providing high-quality homes, excellent customer service, and maintaining a positive relationship with tenants and guests, even in the face of negativity.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on In...2025-03-2517 minShort Term Rental ManagementAre You Overcompensating?On this week's episode of Short Term Rental Management, Luke explores whether short-term rental owners are overcompensating with excessive amenities like fire pits and pickleball courts. He questions whether adding expensive features truly boosts bookings or just increases maintenance headaches and guest complaints. Luke emphasizes the importance of striking a balance between providing value and keeping management simple, urging hosts to focus on smart investments rather than unnecessary add-ons.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Follow us on Ti...2025-03-1815 minShort Term Rental ManagementHow to Find a "Deal" On this week's episode of Short Term Rental Management, Luke dives into what makes a real estate deal and how to find one in today's market. He emphasizes that deals aren’t just sitting around waiting to be snatched up—they require persistence, market knowledge, and a bit of obsession. Luke also discusses how the definition of a “deal” varies depending on individual goals and financial situations, encouraging investors to take action, do their research, and stay committed to finding opportunities that work for them.
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The Short Term Shop - htt...2025-03-0414 minShort Term Rental ManagementGo Day!In this episode, Luke dives into the concept of "Go Day", the day that marks the beginning of the busy season for vacation rentals each year. He discusses how Go Day is crucial for setting the tone for the rest of the year. He shares advice on what property managers should expect during busy season and what kind of occupancy to aim for. Luke also breaks down the different "personalities" of each month throughout the year.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on...2025-02-2509 minShort Term Rental ManagementBest Time of Year to Buy an STRIn this episode of Short Term Rental Management, Luke focuses on the best times of year to buy and list a short term rental property. He discusses the cyclical nature of real estate and gives his personal opinion on the best time to buy your next STR. With a staggering 7.7 million listings on Airbnb, this episode explores the dynamics of the market and offers insights for potential investors looking to maximize rental potential.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2025-02-1819 minShort Term Rental ManagementNew Book Day!
In today's episode of Short Term Rental Management, we celebrate the release of a new book, Smarter Short-Term Rentals, authored by the one and only Avery Carl! Smarter Short-Term Rentals is a more comprehensive guide compared to her first book, delving deeper into the day-to-day management of rental properties. She is the only author in this asset class to be published by a professional publisher, making her achievements even more remarkable.Throughout the episode, Luke emphasizes the importance of patience and continuous education in the real estate business. Many people enter the field expecting quick returns, but real estate re...2025-02-1110 minShort Term Rental ManagementYear 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.
H...2025-02-0409 minShort Term Rental ManagementSet Your Alarm Clock it's 2025!This week Luke dove into the importance of alarm clocks and how they can inspire us to achieve our goals in the new year. He shared a memorable story from his early days as a runner, where he learned from successful individuals who woke up at the crack of dawn to fit in their workouts and manage their busy lives. This experience taught him that the common denominator among successful people is their commitment to rising early and making the most of their mornings. Luke provided practical tips for waking up earlier, such as gradually adjusting your wake up ti...2025-01-1418 minShort Term Rental ManagementSerial EntrepreneurWelcome back to another episode of Short Term Rental Management! This week's episode is a deep dive into the world of entrepreneurship, specifically focusing on the concept of being a serial entrepreneur and how it relates to short term rental management. Luke discussed some of the challenges a serial entrepreneur might face, such as holding yourself accountable when you're self-employed and the necessity of having a solid task management system. He also stressed the importance of believing in yourself if you want to succeed as an entrepreneur. Luke shared some of his own experience with entrepreneurship driving for Uber an...2025-01-0718 minShort Term Rental ManagementYou Might Be a Property ManagerOn this week's episode Luke discussed the common misconceptions that many newcomers have regarding the industry and the importance of understanding the true role of a property manager. Luke emphasized that while real estate can indeed change lives, it requires hard work, integrity, and a commitment to ethical practices. He also touched on the growth potential in the property management industry, emphasizing that since the management space is not saturated with quality providers, there is a lot of room to build and scale your own company.
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The Short T...2024-12-3121 minShort Term Rental ManagementWorlds Largest, Smallest, Most reviewed, Weirdest, Most Expensive and Oldest AirbnbsThis week's episode is something a little bit different where Luke reviewed some special listings he found on Airbnb. He scanned through each listing, the description, the photos, calendar pricing and more to determine if it earned the Cashflow Carl stamp of approval. He went through the positives and negatives and offered tips on how he thought each listing could be improved. Click the links below to see the Airbnbs for yourself!
Largest Airbnb
Smallest Airbnb
Most Reviewed Airbnb
Weirdest Airbnb
Most Expensive Airbnb
Oldest A...2024-11-2644 minShort Term Rental ManagementYou're Not SpecialOn this week's episode Luke covers the illusion of uniqueness when it comes to renting out homes. He highlights that managing rental properties is not a new or revolutionary concept, it's been around since the beginning of time. While platforms like Airbnb have popularized short term rentals, the fundamental principles of renting out properties remain unchanged. He also recommends getting a long term rental as a way to firmly grasp the basics of renting out a home.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us...2024-11-1915 minShort Term Rental ManagementThe American People Have Leveled UpOn this week's episode of Short Term Rental Management, Luke reflects on the post-COVID economy and the financial challenges we currently face, dubbing it the "false level up of the COVID era." He shares personal anecdotes from March 2020, a time filled with uncertainty and fear, especially as a new parent. Luke also reiterates that despite the economic challenges we currently face, there is hope. He notes that the travel industry is projected to see $1.3 trillion in spending by the end of 2024, and emphasizes that even though Real estate sales are currently in a slump, the current market presents a...2024-10-2922 minShort Term Rental ManagementWhat Does Financial Freedom Mean to You?On this week's episode of Short Term Rental Management, Luke dives into the concept of financial freedom. He explores what financial freedom means, emphasizing that it can vary significantly from person to person. Luke encourages listeners to assess their current financial situation, asking thought-provoking questions about their assets and liabilities, such as the number of cars they own and whether they carry loans on them. He also hints at the importance of investing in income-producing assets, like real estate, to achieve financial independence.
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The Short Term Shop - h...2024-10-2225 minShort Term Rental ManagementIt's Your Time To ShineOn this week's episode, Luke is highlighting what significant opportunities are available for new investors in the current real estate market. Luke reflects on his own investing journey which began over a decade ago, right after the Great Recession. He then discusses that with decreasing competition, favorable market conditions, and the emergence of a new generation of investors, those willing to take action can find success.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Join...2024-10-1520 minShort Term Rental ManagementAccept Pre-Approve Or Decline?This episode of Short Term Rental Management delves into the accept-decline system, particularly on Airbnb. He shares his recommendations for pre-approving guests and shares insights on how these decisions may impact algorithms, though he admits the exact effects are unknown. Luke also discusses his personal approach to accepting and declining guests to optimize the booking process.
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The Short Term Shop - https://theshorttermshop.com/
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Check out...2024-09-2407 minShort Term Rental ManagementKiyosaki Vs Cardone Vs RamseyThis week Luke is diving into the world of money management and exploring different philosophies from three financial gurus: Dave Ramsey, Grant Cardone, and Robert Kiyosaki. Luke breaks down each of these philosophies and shares personal insights on overcoming poor money mindset ingrained from upbringing, highlighting the impact of family beliefs on financial success.
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The Short Term Shop - https://theshorttermshop.com/
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Check out the Shor...2024-09-1018 minShort Term Rental ManagementShould My Cleaner Ask for Gratuity?Welcome to another episode of Short Term Rental Management! Today, Luke dives into a hot topic that often sparks debate in the STR community: should we allow our cleaners to ask for tips? Luke reflects on his experiences in the bar business and his modest upbringing as he shares his perspective on tipping culture and why he encourages cleaners to ask for tips.
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The Short Term Shop - https://theshorttermshop.com/
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Join the Short Term...2024-08-2713 minShort Term Rental ManagementI Got a Bad ReviewIn this episode, Luke is revisiting the topic of receiving bad reviews. The discussion revolves around the idea of whether hosts deserve negative feedback and how to learn from such reviews. Luke emphasizes the importance of reviews in the rental business and shares insights on dealing with the stress and impact of receiving negative feedback.
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The Short Term Shop - https://theshorttermshop.com/
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Check out the...2024-08-1317 minShort Term Rental ManagementPivoting into a PMIn this episode Luke is joined by Stephen Patasky, Founder and CEO of The Luxus Group. Stephen shares his journey that began 18 years ago when he and his wife, expecting their first child, sought a way to continue their love for travel without the uncertainties of hotels and inconsistent vacation rentals. This led to the creation of the Luxus Group, a fractional ownership model for vacation homes. Luke and Steve also discuss the challenges and successes of managing a portfolio like Steve's, including the importance of maintaining high standards and providing a consistent, luxury experience for their investors.
...2024-08-0640 minShort Term Rental ManagementGoogle Vacation RentalsThis week Luke and Chuck are discussing Google Vacation Rentals. What is it? How does it work? And most importantly, how can you leverage it to get more bookings for your short-term rental properties? Chuck explains that Google vacation rentals is not an OTA like Airbnb or Vrbo, but rather an index that directs potential guests to your direct booking website or proxy. They go over how integrating Google Vacation Rentals with your PMS can streamline the booking process as well as what the user experience is like from the guest side.
How to c...2024-07-2321 minShort Term Rental ManagementStop Repairing Old AppliancesIn this episode, Luke discusses how to handle broken appliances in vacation homes and rental properties. Luke emphasizes the importance of replacing malfunctioning items rather than constantly repairing them, and shares insights and stories gained from years of experience in the industry.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementTake the Money and RunOn this week's episode, Luke is diving into the fundamental question: Do you even want to rent your house? He addresses some common concerns for hosts renting out their home and stresses the importances of not overcomplicating things with too many rules.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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2024-06-1111 min
Short Term Rental ManagementMulti-Unit Parent-Child AirbnbsOn this episode of Short Term Rental Management, Luke and Chuck Kramer discuss the concept of parent-child listings in Airbnb and Vrbo. Chuck explains how to manage having two listings in one property to avoid double bookings and optimize rental opportunities. Whether it's offering different formats of the same property or renting out connected units separately or together, Chuck provides insights on how to make it work effectively.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementAI and STRsThis week Luke is joined by Shahar Goldboim to discuss Boom, his AI software and the role that AI can play in managing STRs. Shahar emphasized how AI could reduce costs and improve operational efficiency in managing vacation rentals. They also discussed how using AI could improve overall guest experience.
How to connect with Shahar:
boomnow.com
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementHow To Handle A Party At Your AirbnbThis week Luke is joined by his good friend and seasoned property manager, Chuck Kramer, to share some real-world experiences and tips on managing parties at your Airbnb. Chuck shares a story about an incident at his beach property where a seemingly normal booking turned into a party with about 70 kids. Despite taking precautions like collecting IDs and being extra vigilant during spring break, the party still happened. Chuck explains what methods he used to monitor the situation and reveals what it took to clear the party out. They discuss the aftermath of the party and emphasize the importance of...2024-05-2139 min
Short Term Rental ManagementMega MarketsIn this episode, the discussion focuses on different types of markets in the vacation rental industry. Luke introduces the concept of a "megamarket" and humorously suggests calling it a "supermarket." The episode highlights the significance of niche markets and explored various market types, including metro markets, national vacation markets, regional vacation markets, and used the Smokey Mountains as a prime example of a megamarket.
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The Short Term Shop - https://theshorttermshop.com/
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Joi...2024-05-1423 min
Short Term Rental ManagementSummer StunnerThis week Luke is bringing you the Summer Stunner with an all-star cast of characters, Avery, Tim, Chuck and Paige! They cover a range of topics essential for preparing for the bustling summer season and ensuring that are ready to provide exceptional experiences for each guest. This includes insights on current market trends, seasonal pricing strategies, updating properties and listings for the summer and more!
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The Short Term Shop - https://theshorttermshop.com/
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...2024-05-071h 06
Short Term Rental ManagementHow To Remove A Bad Airbnb ReviewThis week Luke is talking about bad reviews and how to get them removed! He emphasizes the importance of understanding the platform's policies as well as calling the platforms regularly to give you the best chance at success. Luke also highlights some of the different approaches to getting a review removed, but reminds everyone that a bad review is not the end of the world.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementManaging 80+ Units In A Small Seasonal Beach TownIn this episode, Luke is joined by Allison Bayley, a property manager from Scarborough, Maine. Allison, at just 21 years old, co-founded a property management company with her mother in 2018. Allison shared insights into the unique market of Scarborough, a beach town that thrives for two months in the summer but becomes a "ghost town" during the off-season. They also discussed the strategies her company uses to maximize revenue during the short season, including dynamic pricing and providing a full-service experience to guests.
How to connect with Luke:
The Short Term Shop...2024-04-2332 min
Short Term Rental ManagementOwnerRez UpdatesOn this week's episode, Luke is joined by Paul Waldschmidt, the CEO and founder of OwnerRez. They delved into the origins of OwnerRez, the challenges they faced in the early days, and how they've evolved to become a foundational tool for property managers and owners. They discussed the importance of rental agreements and how OwnerRez facilitates this process seamlessly within their system. Paul also highlighted their insurance partnerships as well as a new jumpstart program, which offers free calls to help new users get up to speed with the software, emphasizing their commitment to customer support and ease of us...2024-04-1645 min
Short Term Rental ManagementCall the Platforms!This week Luke is giving some helpful tips on how to become a better host! He stresses the importance of reaching out to these platforms to gain a thorough understanding of their policies and procedures. By making frequent calls, individuals can acquire valuable insights into platform operations, leading to increased bookings and improved guest communication. Luke also points out that engaging with platforms through phone calls can demonstrate a host's commitment and interest, potentially resulting in enhanced visibility.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Foll...2024-04-0914 min
Short Term Rental ManagementHandypeople For NoobsOn this week's episode Luke is diving into the common misconception that all you need to run a successful rental is to list it on Airbnb and have a handyman on call. He emphasizes the importance of building a network of reliable individuals who can handle various tasks. He also touches on the future of handymen specialization, why you need to understand your property and more.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementIs The Review More Important Than Money?On this week's episode Luke dives into the topic of rental property reviews and emphasizes that while reviews are important, they are not everything. He advises new property owners to work hard, offer great service, and focus on providing an amazing product rather than fixating on reviews.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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2024-03-2610 min
Short Term Rental ManagementTransitioning to Self ManagedThis week Luke is joined by Jim Stutzman! Jim is a STRM listener and fellow cornhusker who recently transitioned from having a property manager to self managing his short term rentals. Jim shares his background in being a cattle farmer and how he eventually ended up opening a brewery and owning a few vaction homes. They discuss the process of getting his listings set up on PMS, if he's happier as a self manager and more.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementShould My Airbnb Be Pet Friendly? This week we are talking all about the pros and cons to being pet friendly! Luke is joined by two Short Term Shop agents, Stacey Lancaster and Derek Tellier. Stacey and Derek both have pet friendly and non pet friendly properties and share their experiences with pets as well as what influenced their decisions to allow them. The group also chats about addressing pets with your cleaners, wear and tear on the properties and pet friendly vs specifically dog friendly.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
...2024-03-1248 min
Short Term Rental ManagementHostfully-Palooza!This week Luke is joined by Margot Schmorak, CEO and Co-founder of Hostfully. Margot shares the origin story of Hostfully and its focus on supporting smaller scale property managers. They also discuss the evolution of this industry and the consolidation of PMS softwares. Margot shares some exciting news about Hostfully-Palooza, an exclusive online experience crafted to familiarize you with Hostfully's integration partners and the cutting-edge solutions they offer.
Check out Host-fully Palooza!: https://www.hostfully.com/integrations-palooza/
How to connect with Luke:
The Short Term Shop - https...2024-03-0533 min
Short Term Rental Management2024 Pre-Season SizzleThis week Luke is joined yet again by Tim Grillot for a little pre-season sizzle. In this episode, Luke and Tim focus on the importance of staying positive and proactive as the high season quickly approaches. They emphasize waiting out the pre season jitters to avoid getting in a race to the bottom, as well as share some helpful tips on how to refresh your listings and prices this time of year.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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2024-02-2745 min
Short Term Rental ManagementLearning a Vacation Rental HouseIn 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.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementSAFETY FIRST!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-term rentals as well as the importance of fire safety, pool safety and more.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Fo...2024-02-131h 05
Short Term Rental ManagementHeads in BedsIn 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 with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementWhich Bank Should I Use?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/
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For more information on how to get...2024-01-3018 min
Short Term Rental ManagementYou're Spending Too Much Time On Your STRThis 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/
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2024-01-2319 min
Short Term Rental Management2024 Goal SettingThis 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/
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Check out the Short Term Shop...2024-01-1636 min
Short Term Rental ManagementA Landlord, A Realtor and a Numbers Guy Walk Into A BarIn 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 recent drops in interest rates on the real estate sales market.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementWhat's New for HospitableThis 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://theshorttermshop.com/
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Short Term Rental ManagementPyramid of PricingThis 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/
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For more information on how to get into short term ren...2023-12-2619 min
Short Term Rental ManagementWhat Have You Done For Real Estate LatelyThis 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.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementBurning Questions: Ensuring Fire Safety in Vacation Rentals with Bobby HerringtonThis 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 all.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementManaging 25 Units and a New BabyThis 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://theshorttermshop.com/
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Short Term Rental ManagementInvesting Long Term in Short TermsThis 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 searches and negotiating seller contributions.
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The Short Term Shop - https://theshorttermshop.com/
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Short Term Rental ManagementFirst Guest Had Bedbugs! 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!
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The Short Term Shop - https://theshorttermshop.com/
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...2023-11-2148 min
Short Term Rental ManagementThe 5 Pillars of Great ListingThis 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/
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Short Term Rental ManagementA Conversation With Bill FaethThis 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 internationally before venturing into entrepreneurship. He successfully established a multi-million dollar glow-in-the-dark golf business, restaurants, real estate development, and as an investor. However, Bill’s interest in real estate investing was piqued when he visited...2023-11-071h 09Short Term Rental Management900 Units Under ManagementThis 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 what day to day operations look like when running a company of that size.
How to connect with Dale:
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How to con...2023-10-3155 minShort Term Rental Management100K Cash Flow Using The Freedom FormulaThis 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/
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For more...2023-10-2611 min
Short Term Rental ManagementEvolution of STR; Saturation; Listener MailOn 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 mail!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Jo...2023-10-2441 minShort Term Rental ManagementTax Free WealthThis 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) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate in...2023-10-171h 06
Short Term Rental ManagementWhy You're Not Getting Any VRBO BookingsThis 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 Luke:
The Short Term Shop - https://theshorttermshop.com/
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Join the Sho...2023-10-1048 minShort Term Rental Management2023 Winter Special 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 register for BPCON today!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2023-09-2657 minShort Term Rental ManagementRates VS Quality of Guest 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 - https://theshorttermshop.com/
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Join the Short Term Sho...2023-09-1931 minShort Term Rental ManagementShipping Containers VillageThis week Luke is joined by Steven Gillmer to chat about his shipping containers village! They discuss the startup costs associated with shipping containers, financing options, where most bookings are coming from and more!
Steven Gillmer is a proud father of one and a devoted husband of 31 years, with 32 years as an experienced leader whose strength is working through others to open, grow and turn around struggling operations. During his early career with Pizza Hut as an Area Manager, he was responsible for the opening of multiple new restaurants in both new and existing markets a...2023-09-0556 minShort Term Rental ManagementMinimum Night StayThis week Luke is giving us all the advice on determining minimum stays. He'll go over choosing minimum night stay based on property size, bedroom count, and the advantages/disadvantages of minimum night stays. He'll also discuss the importance of keeping up with your listings and adjusting your rates and night gaps based on days of the week.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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C...2023-08-2928 minShort Term Rental Management40K Income Increase with ADUThis week Luke and Tim are talking about Tim's latest remodel adventure! Tim has recently moved into the detached garage on one of his properties where he plans to remodel it while he lives there, and eventually turn it into another rental that increase his income up to $40,000/year. They'll talk about how to find good people to help with renovations, rules about having two rentals on one property, and much more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Fo...2023-08-2256 minShort Term Rental ManagementAfter Hours Phone System This week Luke has a quick episode to talk about after hours phone systems! He goes through different options for phone systems, how he implemented different emergency phone systems and examples for scripts you could use.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For more information on how to ge...2023-08-1518 minShort Term Rental ManagementCircle of SeasonalityThis week Luke is bringing you a bonus episode all about the circle of seasonality! Luke will be going over when to prep for slow months, when to prep for holidays, and how to keep your calendars booked!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For more information on...2023-08-1118 minShort Term Rental ManagementFind Your Break Even NumberThis week Luke and Tim are doing some math! They'll be discussing how to find your break even number for your own properties as well as finding a sweet spot for occupency rates, choosing your prices based on time of year, providing the best value possible and more.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2023-08-0825 minShort Term Rental ManagementProfessional Management in the Finger LakesThis week Luke is joined by Josh Briner! Luke and Josh discuss the seasonality of the finger lakes, where most tourists are travelling form, building a property management company and more!
Josh is the co-owner of Vibe Short Term Rental Management, a company that services the beautiful region of Upstate New York. He and his partner JC own short term rentals throughout Upstate New York and Long Term Rentals throughout the Midwest. Additionally, he is the creator of the Facebook groups, “Upstate New York Airbnb Investors” and “Upstate New York Airbnbs by Owner.”
Connect with...2023-08-0145 minShort Term Rental ManagementHow to Handle a SituationThis week we're talking about how to properly handle a situation, both in real estate and life. We'll hear about the importance of embracing competition, using the enemy method and we'll also hear all about Luke's most recent jeep saga.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For more...2023-07-2521 minShort Term Rental ManagementHousekeeper HacksThis week Luke is talking about how to have the most successful experience working with housekeepers. He discusses the importance of making sure you are getting what you need without micromanaging your cleaners, timestamped photos, and he also shares some stories about times when having those photos has really helped him out.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Check out the Short Term Sho...2023-07-1832 minShort Term Rental ManagementManaging STR While On VacationThis week Luke is joined by Tim again to discuss managing your STR while on vacation! They talk about the importance of implementing systems that work for YOU specfically, figuring out what you want your vacations to look like, communicating with your guests and more.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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2023-07-1142 minShort Term Rental ManagementHow to Be Better Than A HotelThis week Luke is joined once again by Tim Grillot! They'll be diving into all the facets of hotel stay, how they differ from a STR stay, and some of the things you can do to become a fantastic host who gets great reviews!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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2023-07-0453 minShort Term Rental Management10 Things Every Host Needs To Know How To doThis week is another solo episode from Luke and he's talking about the basic skills all hosts should have! From learning to install your own appliances and deadbolts, to the importance of owning a chainsaw and more, Luke is running through his top 10 things that every host needs to be able to do.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Check out the Short Te...2023-06-2734 minShort Term Rental ManagementSTR Current EventsThis week Luke and Tim are sitting down to talk about an exciting development at AirBNB, their new host success team! Tim had an opportunity to sit down with the team at an event in Gatlinburg recently where they reviewed his listings and offered some tips. They'll be talking about what info Tim received on his listings as well as some overall tips for all hosts.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Joi...2023-06-2059 minShort Term Rental ManagementLuke's Book Club #1 This week Luke is starting his book club series! He goes through his Audible history starting at the very beginning and gives his top recommendations, some books you can skip, but most importantly doesn't give any spoilers!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For more information on how...2023-06-1329 minShort Term Rental ManagementMeet a Shopper #2 Kyle LancasterThis week Luke is joined by Kyle Lancaster! Luke and Kyle talk about Kyle getting started in real estate at 19 and owning his first property at 22. They also discuss knowing when to terminate a contract to pursue a better deal, Kyle's biggest lesson learned, encapsulating crawlspaces and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2023-06-0653 minShort Term Rental ManagementIt's Vacation SeasonToday we're talking all about vacation season! School's out for summer and hopefully your June and July calendars are already booked because it's time to start thinking about booking September. Luke also talks about an interesting phone call he received recently, leaving the past in the past, and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2023-05-2923 minShort Term Rental ManagementEggs in Multiple Baskets with Mark Simpson This week Luke sits down with the founder of Boostly, Mark Simpson to chat about needing to diversifying your portfolio. They talk about Mark growing up in the hospitality industry, how to "compete" with larger companies, and the importance of knowing your guest avatar.
How to connect with Mark:
Instagram: @boostly.uk
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Che...2023-05-2355 minShort Term Rental ManagementA Conversation with AveryOn this week's episode Luke is joined by his amazing wife Avery! We get to hear a bit of Avery's origin story from graduating college to touring in a band, to living in NYC where she met Luke. They also discuss being on the same page as your spouse, the importance of changing your mindset and getting uncomfortable, as well as what's next for Avery.
How to connect with Luke and Avery:
The Short Term Shop - https://theshorttermshop.com/
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...2023-05-1641 minShort Term Rental Management2 Dudes Talking About The EconomyThis week Luke is joined by another lovely Short Term Shop agent, Yok Re! Yok and Luke are having a casual conversation about the economy this week. They discuss inflation, interest rates, profit margins, how real estate is changing and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For...2023-05-091h 00Short Term Rental ManagementIt's May and I Have No BookingsThis week Luke is joined by cohost Joe Prillaman to talk about prepping your listings for May (and September) bookings. They discuss the importance of getting ahead of your May bookings, "tickling" your listings as needed, the best ways to separate your May rates from the rest and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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...2023-05-0234 minShort Term Rental Management3rd Party Management & Branson & GuidebooksThis week Luke is joined by the Queen of Guest Experience at Touch Stay, Tyann Marcink! They talk about all things 3rd party management. Tyann stresses the importance of setting boundaries and expectations with each client, knowing your target guests and how they prefer to find your listings, the highlights of Branson, Missouri and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Check out th...2023-04-2553 minShort Term Rental ManagementAn Army of One With Michael BaumThis week Luke is joined by Michael Baum! We get to hear the perspective of someone with just one STR, which is also Michael's second home. They talk about how Michael manages everything himself, the importance of getting all the basics right, making sure your rentals have enough appliances and more!
Michael is a retired engineer. He's 54 with a degenerative neurological disorder which left him fully disabled. They bought their place in North Idaho on Lake Coeur d'Alene in 2017. It is his first and only STR. They have all 5 stars on AirBNB and VRBO. Married wit...2023-04-1851 minShort Term Rental ManagementData Data & More Data with CoHost Tim GrillotThis week Luke is joined by a cohost, Tim Grillot to discuss all of the data available to investors in the world of STR. They get into how Tim analyzes his deals and how important it is to become and expert and immerse yourself in your market. They also talk about the importance of being realistic with yourself and your investment, some common misconceptions, and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Jo...2023-04-1159 minShort Term Rental ManagementI Have No Money And I Hate My JobThis week we get to hear a bit of Luke's origin story on this solo episode. Luke chats about being from Nebraska, living in New York City, the strategy he and Avery used to save up for their first investment property, and more! He reminds us all that getting involved in real estate is possible, but it will NOT be easy.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Join the Short Te...2023-04-0429 minShort Term Rental ManagementManaging 60 Units and 5000 ReviewsOn this week's episode Luke sits down with Mark Vondrak and Dave Stokley to discuss AirBNB management! They talk about why they chose STR over LTR, what it's like cohosting in Cleveland, and what the regulations are like there. They also chat about appeasing the AirBNB algorthim.
Mark Vondrak is the Co-Founder of Host Pros where he oversees the day to day operations of the team. Born, raised, and still living in Cleveland, Ohio, Mark first got involved in Short-Term Rentals (STRs) in 2016 and has since helped build Host Pros into Northeast Ohio's Top Rated Short Term R...2023-03-281h 08Short Term Rental ManagementMeet A Shopper #1 Aaron GardinerOn this week's episode Luke is joined by a special co-host, Aaron Gardiner. Aaron and Luke share stories of getting properties ready for rental, where to start, what to prioritize and more. They also have some helpful tips on how to build better relationships with the labor workers in your market.
More about Aaron:
Christian, Husband, father, business exec, Athlete, Investor
Father of 2 Daughters
Married 24th year
business executive - same company 23 years (began in entry level sales)
12 Time Ironman / Qualifier and participant in the 2017 Ironman World Championships
Historical Investing was stock market, pivoted to...2023-03-2151 minShort Term Rental ManagementSTR Review Show #1 On this week's episode we are reading reviews! Luke takes us through the good, the bad, and the ugly reviews to reflect on how to be a better STR host.
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...2023-03-1434 minShort Term Rental ManagementSTR Remodel This week Luke sits down with Patrick Andres to discuss remodeling your STR. Patrick walks us through his experience remodeling a beach front home in Panama City Beach as well as an old law office from 1887 in Tuscaloosa, AL. They talk about finding labor, supply shortages, contractor red flags and more.
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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Check out the Short Term...2023-03-0756 minShort Term Rental ManagementSTR HVACThis week Luke is joined by HVAC expert David Gavin! They discuss the importance of maintence on your HVAC systems and the best HVAC systems for Florida/saltwater. They also talk about the differences in HVAC systems based on the climate you live in.
How to connect with David:
Sowal Air Cooling & Heating LLC
Phone: (850) 866-7236
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on Instagram - @theshorttermshop
For more info...2023-02-2837 minShort Term Rental ManagementHospitable vs iGMS vs Guesty For Hosts vs Ownerrez This week Luke is joined by 3 lovely guests; Chuck Kramer, Ethan McCarty, and Cindy Allen! The topic of today's panel is property management software. Each guest gives us their personal experience with their preferred PMS, the good the bad and the ugly. If you've ever wondered which PMS might be best for you, this is the episode for you!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on Instagram - @theshorttermshop
For more information on how to get into...2023-02-211h 26Short Term Rental ManagementSTR Insurance On this week's episode, Luke is joined by Josh and Karen to discuss all things STR insurance. They chat about captive agencies, dwelling policies vs. homeowner's policies, umbrella policies, and much more. We also get some insight from Karen on what's going on with insurance in Florida right now.
How to connect with Josh:
Thirddoorins.com
email: Josh@thirddoorins.com
Phone: 865-803-2268
How to Connect with Karen:
Kirkland Insurance
email: Karen@kirklandagency.com
Phone: 850-784-7974
2023-02-141h 00Short Term Rental ManagementPreparing For Busy Season and Naked PricingThis week Luke is joined by long time friend Pavan Mediratta. Together they go through all of the different (and important) ways to get your short term rentals ready for the busy season. From standardizing your paint colors and deep cleaning unit to replacing your fire extinguishers and deadbolts, they go through it all!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on Instagram - @theshorttermshop
For more information on how to get into sho...2023-02-071h 09Short Term Rental Management2023 STR Spring/Summer PricingThis week Luke is joined by a handful of wonderful guests, Tim Grillot, Joe Prillaman and Reagan Natho! Today they'll be deep diving on pricing for the upcoming Spring and Summer seasons. They discuss expectations for slow seasons in your market, booking major holidays, last minute rehabs, snowbirds and more!
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Follow us on Instagram - @theshorttermshop
For more information on how to get into short term rentals, read Avery Carl's Boo...2023-01-241h 14Short Term Rental ManagementSTR Bedbugs and CockroachesThis week on The Short Term Management Show we are joined byJimmie Murphy! Jimmie sits down with Luke to talk all about BUGS in your short term rentals. bedbugs, cockroaches, mice, ants, lady bugs, and more! Jimmie talks us through how to treat and how often to treat your short term rentals for various kinds of bugs. Enjoy!
How to connect with Jimmie:
allaboutbugstn.com
IG & FB: All About Bugs
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
Fo...2023-01-171h 02Short Term Rental ManagementNice To Meet You Welcome to The Short Term Management Show. The show about managing your short term rental from anywhere in the world. Tips in tricks to become a better host. With your host, Luke Carl, a real estate professional that began his career buying short term rentals in vacation markets in order to use the cash flow to purchase long-term rentals. Luke is the proud owner of the longest running “Airbnb” in the Smoky Mountains, and has hosted over 4000 stays in his career. He owns hundreds of units with no partners -including multi-family, single-family long terms, and of course, short term renta...2023-01-1709 min
The Short Term ShowEvaluating the Current Short Term Rental Market with Luke Carl In this week's episode Avery chats with her husband Luke about self managing your properties, seaonal markets and the most common issues stopping people from booking your rental. Luke Carl Luke is the co-founder of the Short Term Shop as well as director, and president of education and self-management specialist for the Short Term Shop. He bought his first investment property in 2012. He has since done every trick in the book; House hack, BRRRR Method, HELOC, 1031 Exchange, Single Family, Small Multi-Family, Apartments, LTR, & STR. He has over 3000 reservations on his STR resume, and is the creator of the Enemy Me...2022-08-0350 min