The topic of this MAREI PartnerCast is Short Term Rental Management. It’s true you can earn a much greater income on an investment property if you choose to rent it as a short-term rental. First you would need to check if it’s legal to operate in the location you would like to host. Then you have a decision to make about whether you are going to do the operations yourself or outsource to a short-term rental property management company.
Host, John Wires, interviews the owner of LemonTree BnB, Tom Sharkey to get an idea of the services his company provides to assist property owners with managing their short-term rentals. As this was recorded following the pandemic, there is some discussion about the effect it had on revenue and how it shifted renting clientele. Sharkey also explains other things to consider if you want to operate a short term rental including regulations, furnishings, and strategies for maximizing your income.
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