Real estate investing can be a lucrative endeavor, but it's not for the faint of heart. Success in this field requires more than just financial resources; it demands a combination of belief in oneself, commitment to the long game, resilience, and a willingness to take calculated risks.

If you’re looking to purchase your first property or grow your short-term rental portfolio, hiring an experienced agent to help you is something you should strongly consider.

You only want to work with an agent you trust who has vast knowledge in your specific market and specifically with short term rentals. In other words, you want someone who knows what they’re doing. Here are some steps to take and things to look for when choosing a short-term rental agent.

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Staying at a short-term rental over a hotel has become increasingly popular with travelers due to the privacy and more luxurious amenities. While this is great for business, it can also present new challenges, like a rise in competition as more people decide to try their luck at operating their own short-term rentals.

Having more competition doesn’t necessarily mean you’ll lose business, but it may signify the need to step up your game to ensure your rental stands out on AirBNB and VRBO more than others in your area. Here are a few ways you can raise interest in your rental to attract new guests and sustain recurring ones.

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If you aren’t sure where to start and need some inspiration, check out my favorite places to source unique furniture and accessories to transform your rental into a cozy, exclusive getaway your guests won’t want to leave.

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You don’t have to stay close to home at all times to successfully manage your short-term rentals. For example, I recently spent 8 days in Mexico and travel often. While away, we had multiple turnovers at our Nashville and Center Hill Lake rentals, and they all turned over as if I was right there on site. Here are a few things I do to manage my property while I’m thousands of miles away and still enjoy my vacation.

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Meeting your guest’s needs is important when running a rental business. You want them to enjoy their stay the first time, so they’ll come back or recommend your rental to others. This can be challenging knowing everyone will have different expectations, but there are a few simple things you can do to ensure your guests feel comfortable.

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Investing in short-term rentals can be a great way to get a foot in the door in real estate and generate additional income. However, choosing a property for your short-term rental business shouldn’t be an impulsive decision. 

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