In this episode of The Remote Investor, Michael Albaum is joined by Luke Carl, a seasoned property manager and landlord with experience in both short-term and long-term rental investments. Luke, married to top short-term rental agent Avery Carl, shares his unique perspective on navigating the evolving short-term rental market.
Tune in as Luke discusses why he believes now is a great time to invest in real estate despite challenges with seller pricing, and why breaking even in the first few years of a deal can still be a win. He dives into his early days as a pioneer in the short-term rental space, revealing the lessons he learned and the importance of overcoming analysis paralysis to take action.
Luke and Mike also explore innovative strategies like "arbitraging" properties and highlights the value of resilience in property management. Whether you’re a seasoned investor or just getting started, this episode is packed with actionable insights to help you succeed in today’s market.
Key Topics Covered:
The current state of the real estate market and why now is a good time to invest.
How to underwrite deals with a long-term perspective. Lessons from the early days of short-term rentals.
Tips for getting started and avoiding analysis paralysis.
Creative strategies like property arbitrage for maximizing returns.
Don’t miss this candid and motivational conversation with Luke Carl!
Luke Carl's links:
https://youtube.com/playlist?list=PLN-z9iGKe2SzSZ-dYehJvgFb7CJ2YLW_0&feature=shared
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