What you can do to start investing in short-term rentals
Find out how to invest in short-term rentals on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How you can be an investor in short-term rentals
Are you considering investing in short-term rentals as an additional income stream… But not sure where to start? Jason Muth stepped away from a 30-year career in media in 2022 when his real estate investing side hustle, Straight forward Short-Term Rentals, became more profitable than corporate life! Jason also serves as co-founder and Director of Customer Experience at Prideaway Stays, a gay-owned STR cohosting business in Provincetown, Massachusetts, and Cohost of The Real Estate Law Podcast.
On this episode of Queer Money®, Jason joins us to discuss the steps he took to start making money with vacation rentals and share his approach to growing a short-term rental portfolio. Jason describes the hidden costs of getting a STR business off the ground and offers advice on mitigating the risks of ‘bad guests’ trashing your property or leaving negative reviews.
Listen in for Jason’s insight on making a profit on the purchase of real estate and learn how to get into your first STR property now—through ownership or cohosting a property.
Listen to get insight on investing in short-term rentals
Topics covered on investing in short-term rentals
- 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 BiggerPockets 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
Connect with Jason Muth
- Prideaway Stays.com
- Straightforward Short-Term Rentals
- The Real Estate Law Podcast.com
- Jason’s Website
Resources on investing in short-term rentals
- BiggerPockets.com
- STR Secrets.com
- Mindy Jensen on Queer Money EP059
- Chad Carson on Queer Money EP117
- Dave Meyer on The Real Estate Law Podcast
- Queer Money Kickstarter
- Capital One Auto Navigator
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on investin in short-term rentals
Previous 3 Podcast Episodes
- What to Do If You’re Offered a Dry Promotion
- How to Fund Your Gay Retirement
- Top 10 Investing Terms You Should Know
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.