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Short Term Rentals During Coronavirus: 5 Tips

I just did this piece for Bigger Pockets on short term rentals during Coronavirus. I'm offering a few tips for you to weather these uncertain times for short term rental owners and wanted to share it here with you as well.

Here's the list, watch the video above for more details!

1. Don't panic sell.
2. Adjust your listing parameters to make your property more attractive to potential social distancer guests.
3. Turn off your beloved automations and humanize yourself with your guests.
4. Rent long term to an arbitrager.
5. Refinance to buy yourself some time and skip a mortgage payment, and maybe pull out a little bit of an emergency fund from the equity.

And there you have it! 5 quick tips for navigating short term rentals during Coronavirus. If you need help calculating income and expenses during this time, check out our Cash Flow Calculator, or head on over to Airbnb to check out what your neighbors are doing to weather the storm.

Avery Carl

Avery Carl

Avery Carl was named one of Wall Street Journal’s Top 100 and Newsweek’s Top 500 agents in 2020. She and her team at The Term Shop focus exclusively on Vacation Rental and Short Term Rental Clients, having closed well over 1 billion dollars in real estate sales. Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 100 Doors, Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from their smart phone from anywhere in the world.

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