Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties.
You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode!
In This Episode We Cover:
How Scott got started in real estate investing
His story of taking time off
Thoughts on choosing between stocks and real estate
The concept of control in real estate
How to get into the niche of vacation rentals
Strategies for properties that don’t typically cash flow
What exactly a vacation rental entails
The ins and outs of vacation rentals, including pros and cons
How to market your rental property
What you should know about tenant screening on vacation rentals
And SO much more!
Links from the Show:
Trivia Email
Brandon’s Forum Post on Vacation Rentals
BiggerPockets Forums
Evicting Renter from a Vacation Rental Property
BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down
HomeAway
VRBO
AirBNB
alexa.com
99Designs
Books Mentioned in this Show
Rich Dad Poor Dad by Robert T. Kiyosaki
The 4-Hour Workweek by Timothy Ferriss
Connect with Scott
Scott’s Website
Scott’s BiggerPockets Profile
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