Rookie Reply: How to Build Your Dream Short-Term Rental Team
This week’s question comes from Ricky through Ashley’s direct messages on Instagram. Ricky is asking: I’m about to start my investing journey with short-term rentals. How do I build a real estate team, and which positions should I look for first?
On your way to building a short-term rental empire, you’ll need to build out your real estate investment team. These are the people who will help you scale, manage your properties, and handle host headaches that come up, so you can focus on finding better vacation rental properties. If you want to scale like Tony, who’s already at sixteen short-term rental units, you’ll need to invest in the four “buckets." Doing this will free up time for you to run a better business and source bigger deals.
Here are some suggestions:
Start making checklists, notes, and training videos as soon as you buy your first property
Find the things you hate doing and offload them sooner, rather than later
Build out your short-term rental core four who can help manage the property while you source deals
Start small with a cleaner or maintenance worker and slowly hire out from there
And more in the episode…
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Links from the Show
Connect with Ashley and Tony:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-214
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