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How to Invest in Short-term Rentals | Queer Money Ep. 498
Episode 49816th April 2024 • Queer Money®: How Gay People Do Money • Queer Money
00:00:00 01:09:59

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How do you make money with short-term rentals? Is it worth it? Is the market over saturated?

This is Queer Money episode #498, and today we’re joined by Jason Muth, owner of Prideaway Stays where he focuses on helping the LGBTQ+ find and rent out short-term rentals, especially in the Provincetown, MA area.

Topics Covered:

  • How Jason’s side hustle with STRs turned into his full-time job
  • Why Jason focuses on classic vacation markets that have existed for decades
  • How listening to Bigger Pockets inspired Jason to invest in STRs
  • The first 3 steps Jason took to start making money with vacation rentals
  • What it means to have a ‘power tribe’ and why it’s important
  • Jason’s conservative approach to growing a short-term rental portfolio
  • The hidden costs of getting a short-term rental business off the ground
  • Why it’s crucial to set clear expectations in your listing and then overdeliver
  • Strategies for mitigating the risk of ‘bad guests’ trashing your property
  • Jason’s advice on responding to negative reviews by taking the high road
  • How to get into STRs through cohosting without buying a property yourself
  • What it means to ‘make a profit on the purchase’ of real estate

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

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