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Avery Carl is the CEO and founder of The Short Term Shop, a real estate sales team that specializes in helping investors locate, analyze, and acquire profitable short-term rentals in the most stable markets in the country. As a Wall Street Journal Top 100 Agent, she has helped more than a thousand clients close on short-term-rental deals. Avery has personally invested in more than forty deals, including short-term rentals in three different markets as well as buy-and-hold single-family and multifamily properties. In her free time, Avery enjoys collecting vintage guitars, running marathons, and, most important, hanging out with her family. She splits her time between Destin, Florida, and the Great Smoky Mountains in Tennessee.\n\xa0\n[00:01 \u2013 04:40] Opening Segment\nAvery scales from 0 to 189 through short-term rentals\nShort-term rentals just have a lot heavier cashflow\n\xa0\n[04:41 \u2013 11:39] Building High Cash Flow thru Short Term Rentals\nHow to Pick the Market for Short-term Rentals\nMature vacation rental market\nFocus on those not easily affected by economic factors\nGet a number of data sources\n\nTools for Short-term Rentals\n\xa0\n[11:40 \u2013 24:22] The Model for Successful Short-Term Rentals\nThe Arbitrage Model: A means to an end\nCommon Short-Term Rental Misconceptions\nKey Tools for Your Short-Term Rental Investing Success\nThe Right Person for the Strategy\n\xa0\n[24:23 - 28:18] Closing Segment\nQuick break for our sponsors\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\xa0 Learn more about Personal Capital at escapingwallstreet.com\n\nWhat is the best investment you've ever made other than your education?\nA four-bedroom pool house in Destin, Florida\n\nAvery\u2019s worst investment\nStock market\n\nWhat is the most important lesson you\u2019ve learned in business and investing?\n\u201cYou're never gonna wake up one day and say, I'm ready.\u201d\n\nConnect with Avery Carl through https://theshorttermshop.com.\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\n\xa0\nResources Mentioned\nRabbu\nPriceLabs\n\xa0\nTweetable Quotes:\n\u201cOccupancy rate is not the number one metric to look at. I would say the gross annual income is the number one metric to look at.\u201d \u2013 Avery Carl\n\xa0\n\u201cArbitrage is more of a way to make a job for yourself. Whereas owning a property as a short-term rental is more of a way to build wealth for yourself.\u201d \u2013 Avery Carl\n\xa0\n\u201cIt's important not to get your emotions mixed up with your investments.\u201d \u2013 Avery Carl