All in on Short Term Rentals with Joe Prillaman

All in on Short Term Rentals with Joe Prillaman Joe Prillaman is a real estate investor and agent with The Short Term Shop. He's been investing since 2018 in long term rentals, short term rentals, and mid term rentals across North Carolina. He was born and raised here and loves helping people get started. He's still house hacking on Carolina Beach and trying to get a little better each day. HIGHLIGHTS IN THIS EPISODE 00:00 - Intro 02:53 - Joe’s Background 03:59 - Current Short Term Rental Market 06:25 - Are People Still Buying? 06:47 - Current Interest Rates 07:38 - Is there a bubble in Short Term Rentals that will burst? 09:31 - Key to Success - Who is crushing it today? 11:14 - The Importance of an Incredible Listing 11:37 - What Joe Is Working On Now 12:06 - Optimization 12:54 - The Importance Of Building A Foundation 13:29 - Short Term Rental is an Active Investment Space 14:09 - Joe’s Portfolio 15:32 - Property Management 17:18 - What Joe Wished He Knew From The Beginning 18:58 - Masterminds 21:09 - Biggest Mistakes and Lessons Learned 23:49 - Long Term Benefits of Investing 26:12 - Taking Risks 27:46 - Advice for the new STR investor 29:24 - Joe’s Goals 30:57 - Accountability 36:12 - Focus On One Thing 39:28 - Connect with Joe CONNECT WITH OUR GUEST: Instagram - https://www.instagram.com/joe.prillaman Facebook - https://www.facebook.com/joe.prillaman.9/ Email - [email protected] MENTIONED IN THIS SHOW: Short Term Shop - https://theshorttermshop.com/ Joe's Podcast with Yonah Weiss - https://podcasts.apple.com/il/podcast/taking-the-leap-and-reaping-the-rewards-with-joe-prillaman/id1515387561?i=1000609147751 Joe's Podcast with Avery Carl with the Short Term Shop - https://www.youtube.com/watch?v=hIQe1VutGx4 Joe featured on BiggerPockets - https://www.youtube.com/watch?v=4UsgpXbtK4I Biggerpockets - https://www.biggerpockets.com/ Gobundance - https://www.gobundance.com/ Knox County NE - https://www.facebook.com/KnoxCountyNE/videos/your-town-wausa-nebraska-video-brought-to-you-by-knox-county-improvement-and-pro/352342996371832/ CONNECT WITH OUR HOST: Derek is a real estate investor with over 30 years in the hospitality industry. He and his wife own both long term and short term rentals and offer management and consulting services to other short term rental property owners.  Please reach out to connect with Derek at https://www.linkedin.com/in/derekfelch or email him at [email protected]. --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.itListen, like, subscribe, comment: http://thegentleartofcrushingit.com/