Share Description
In this course, you will :
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Make informed decisions on the transition from Traditional Landlord to Host
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• List the pros and cons of converting your existing traditional rental (e.g. 1 year lease) to a nightly or short term rental
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• Decide if a short term rental (like Airbnb, VRBO, FLIPKey etc) can help you achieve your life goals
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• Recognize if you have the skills and temperament to be successful
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• Increase your understanding of what is expected in a sharing economy
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• Think through all the components of making the switch or possibly trying it out by converting just 1 unit
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• Exposure to legal differences and similarities between long term and short term rentals
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• Explore the financial differences and record keeping
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• Increase revenue by transitioning from a long term rental property model to a short term property model
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• Vette guests so you rent to the best
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• Build a great guidebook and welcome package
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• Price dynamically
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• Learn how to differentiate your unit and yourself
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• Make it fun and rewarding so you get repeat guests
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• Save $ when setting up your unit
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• Manage the day to day activities to reduce your time required
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• Make informed decisions on setting up, listing and managing a short term property for long term success
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• Ideas on mitigating risks
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• Compare maintenance and management to what you are doing today
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• Build social capital and understand the peer review system
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• Understand responsibilities to your neighborhood and setting expectations with your neighbors
