38 | Building a Short Term Rental Empire with Avery Carl

If you are a new real estate investor, or a more experienced one looking to add to your toolkit, this episode is for you. We are welcoming Avery Carl, a real estate investor with 220 doors over the course of five and a half years, and is a real estate agent who specializes in STRs in over 15 markets. She is talking to us today about how to grow such a large portfolio and some of the logistics that come along with that. Avery’s first real estate deal in Tennessee was part of a plan to pay for her future kid’s college, and now there’s almost too many markets to name. Avery’s business has been built from this to meet the needs of STR investors and she has a wealth of experience as an STR agent that she’s sharing with us today. Listen in to learn about the logistical side of STRs and different tools to use to make your business flourish.Learn more about Avery and her businessWebsite- https://theshorttermshop.com/Insta/Youtube- @theshorttermshopBlue Gems Management- https://bluegemsmgmt.co/STR Meet Up- https://bluegemsgroup.com/[00:00] Episode teaser[00:23] Show intro[00:57] Welcome to Avery Carl[01:15] Avery’s background[02:19] Where does Avery attribute her success?[02:53] How to manage all those properties[04:03] How many STRs does Avery have and in what markets?[04:43] Avery’s first deal[07:31] Getting out of state deals[08:40] Building out Avery’s brokerage[10:10] What markets are Avery in?[11:25] The markets Avery is looking into[11:45] How does Avery determine which markets to go to?[12:46] How clients are financing these purchases[13:51] Is Avery looking to buy anything in this market?[14:37] How important is it to use an STR agent?[16:23] Blue Gems Management[16:49] The mortgage arm of Avery’s business[17:23] Is there a metric they look for?[18:17] Where is the STR market going?[19:20] The Disney market[20:52] Advice for newbie STR investors[22:24] Metro markets and people lobbying against STRs[24:05] Automation tools and software[26:39] Platforms and bookings[27:25] How much time is spent managing properties?[27:35] Combatting slower travel[29:30] Advice for someone just starting to build a personal brand[29:51] Best advice for someone new in STRs[30:19] A day in the life of Avery Carl[31:29] The last blue gem[31:54] Where to find more about[32:13] Outro