Do you currently own rental property or have you wondered if running Airbnb or VRBO rentals are right for you? If so this course is for you. You will learn in detail the differences of being a traditional landlord and becoming a host of an Airbnb space. You will have a better understanding of the many decisions you need to make to see if this new rental model will work for you. You will get a spreadsheet to help you assess the financials – how much more money will you really make and is it worth your time and effort. The cheat sheets and videos will help you answer other burning questions like: What is involved in setup; How do I protect myself; What does it take to be successful in this new business; and much more. It might make sense to convert only 1 of your units and try it out first – take this video and make your own educated decision!
As a traditional landlord you might have a flexible schedule, freedom to travel and do what you want with your time. Many students ask me does this change – will my lifestyle change? It might but it doesn’t have to. Take the course and figure out how to create a semi-automated process so you can retain your flexibility. You can still travel the world, pay for school, or achieve your dreams with a short term rental – you just have to be smart about how you do it so you stay in control of your schedule.
This lecture provides an overview of basic terms and Traci shares her incredible story converting from a traditional landlord to Airbnb.
Answer these questions before making your decision to convert.
Learn tips for setting up your site so you can save money and time.
Learn what areas of the business you might want to develop templates or automate to help save you time.
At the end of this lecture you will be able to easily register yourself and your space.
Listing your space is so critical there is another lecture on it.
This lecture will provide you with ideas on how to run your space and make the day to day activities fun.
Community is critical to success; this lecture will give you ideas on how to stay connected, learn from others and share your story.
The old saying is “make your money on the buy, keep your money with management”, maintenance is a big percentage of property management so you’ll learn how to keep more of your money.
This lecture provides you an overview of the finances as cash flow is king!
How much is your time worth, I’ll walk you through a financial worksheet to help you determine your cash flow and your returns.
As with traditional buy and hold rental strategy, you always want to know your exit strategy.
This lecture summarizes what is different between being a traditional landlord and running a short term rental.
This quiz checks your understanding of the lease differences between long term and short term rentals
Don’t be confused on your next steps – we’ve outlined them for you; tick them off 1 by 1 to begin your journey.
Sharon Cunnington is a Real Estate Investor and Private Lender who has been the buyer and seller in many real estate transactions in the last 15 years. Sharon is also a licensed Real Estate Broker specializing in helping fellow investors find positive cash flow investment properties. Her portfolio consists of single and multifamily properties located primarily in the Pacific NW and Midwest. Sharon is on the Board of Washington's Rental Housing Authority. As a software industry veteran, Sharon has over 23 years’ experience leading large scale international technology businesses. Her expertise ranges from product development and business strategy, to operations efficiency and project management. Sharon lived in Europe for 3 years and has been active in the non-profit sector volunteering and serving on a variety of Boards. Sharon holds 8 patents in the intersection of technology communications and human emotions and has won several presentation and research awards. She is a graduate of Washington State University with graduate courses from Harvard and Kellogg School of Business.