Boostly Book Club

Boostly Book Club Author: Advice From a STR Author

Welcome to Boostly Podcast Episode 565.

In this episode, Mark and Miranda are introducing Avery, the author of the book “Short-Term Rental, Long-Term Wealth”. Avery is a host of the “Short-term Show” podcast, an investor with 250 doors, and the CEO and founder of the Short-Term Shop, the only short-term rental specific real estate brokerage.

Avery shares that she was able to scale quickly due to the cash flow from short-term rentals and how her brokerage offers a training program for clients to manage their property effectively. Miranda asks Avery what she wished she had known sooner when she joined the short-term rental world, to which Avery replied that she wished she had started earlier.

Avery shares that her brokerage started organically when she got her license to deal with her husband, who was a terrible client, and it grew into the top short-term rental focused real estate agency with a supportive community.

The conversation also covers the advantages of short-term rentals over traditional long-term rentals and the importance of proper management for success in this industry.

Here's the video for this episode:

Timestamps (audio)

00:56 – Introducing Avery
02:29 – What does Avery wish she knew sooner?
08:51 – What should hosts be focused on in 2023?
18:26 – The driving force behind the book
22:33 – Advice on slow season bookings
26:56 – Plans for another book

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Transcript from the Episode

[00:00:00] Mark: And it's gonna be put in our book group, um, book club group, and you can come back to it at any point. So if you have to dash out or do all of the things, I know it's plenty early or plenty late, or, you know, school run time for some people. So you may have to bounce out if you have to bounce out. But without further being said, uh, Miranda's gonna pass over to yourself.

[00:00:20] Mark: The floor is yours. And then please introduce our, our lovely guest. Thank you very.

[00:00:26] Miranda: Great. Thank you so much. Um, Avery, so I love this book. Thank you so much for writing it. I was like, I wish this had existed, um, kind of before I started my str journey. But it's so great to read it, to understand like best practices and what to do.

[00:00:42] Miranda: Um, and then I'm familiar with you a little bit through this book and Instagram, but if you would like to give just a little kind of recap on all the things you work on. I know you wear a lot of hats and do a lot in the.

Introducing Avery

[00:00:56] Avery: Yeah. Yeah. So guys, my name is Avery Carl. Uh, I did write that book, short-Term Rental, long-Term Wealth that you guys just read.

[00:01:04] Avery: Um, host of the Short-term show podcast. And I'm an investor with 250 doors, no partners, and I was able to get from zero to 250 over the course of about five and a half years. because five of my first six investments were short-term rentals. So because they cash flow is so much heavier than traditional long-term, I was able to scale much more quickly than if I'd started with traditional long-term rentals.

[00:01:30] Avery: I'm also the c e o and founder of the Short-term Shop, which is the S'S only short-term rental, specific real estate brokerage. We are brokered by exp, I have to say that or else I get in trouble. Um, We have offices in 15 of the top short-term rental markets in the US and, uh, if you guys buy a house with us or anyone buys a house with us, any client, uh, in any of our markets, then we've got a whole training program that we put 'em through for free while they're still under contract, so that by the time closing rolls around, you already know what you're doing, ready to manage your property and, and take.

[00:02:06] Avery: That's amazing. I didn't

[00:02:07] Miranda: realize that last part. That's such a great asset to, um, buy a

[00:02:11] Avery: property and get that training while

[00:02:13] Miranda: you're kind of waiting around to figure out what you're gonna do. Sometimes people don't use that time the way they could, so that's awesome. Um, thank you. And that's amazing to hear.

[00:02:23] Miranda: That's so many doors. So. That's really inspiring.

[00:02:28] Avery: Oh, thank you. The

What does Avery wish she knew sooner?

[00:02:29] Miranda: first, the first question is something I always love to ask people. Um, what is something that you wish you had known sooner, um, when joining the s T

[00:02:39] Avery: R world? Well, I started investing in 2015, so there were a lot of things that nobody knew yet about short-term rental investing.

[00:02:49] Avery: Uh, there weren't really any training programs. There weren't all of these automation tools. Um, I guess I just wish I would have known that I could have. I mean, everything kind of got me to where I am, so there's not really anything that I wish I would've done differently other than maybe start earlier.

[00:03:10] Avery: For sure. I love that. Yeah. With real

[00:03:15] Miranda: estate, you always feel a little late. . Oh yeah. . Um, so this one's great. It's specific to your business that you've grown. How did you start and grow the top s t R focused real estate agency and build an awesome community around

[00:03:31] Avery: it? It was a little bit by accident and it kind of happened organically.

[00:03:37] Avery: So, uh, I had just quit my corporate job, replaced it, replaced that income with short-term rental income. It only took two cuz I was not making very much money at all. And I was making 37,000 us, which is like not enough to live on. Luckily I was marrying so I didn't have to live on that by myself. Um, so, uh, Those two, those first two got me outta my corporate job.

[00:04:01] Avery: And then we started having friends. I got my license, uh, because my husband is a terrible client and he was embarrassing me a lot and I was having to apologize to agents like, I'm sorry, he's just a New Yorker. He's not really mean. Um, so I got my license so that I would not have to make other people deal with him.

[00:04:20] Avery: And uh, we started just having friends who were like, How much are you making on that cabin? What are you doing? Can you be my agent? Can you get me one and then teach me how to do it? And it kind of grew organically from there. First it was friends, and it was friends of friends, and it was truly, you know, random people that I had no connection to at all that, that came to us to do that.

[00:04:39] Avery: Um, and then I just started noticing. Other markets that made a lot of sense. So I grew up in Mississippi, which, um, those of you from other countries, probably not super familiar with the geography of the us but, um, Mississippi, borders, Tennessee. And then it's also only about a six hour drive from where I'm from in Mississippi to the Florida panhandle.

[00:05:02] Avery: So, uh, I'd been to the s Smokeys in Tennessee growing. Every time I went there, we stayed in a cabin, not a hotel. And that's just what people do when they go to the Smokies. Same thing every time we came to the Florida Panhandle to Destin or 30 a, uh, to go to the beach, we always rented a beach house. So I kind of just thought, well, I.

[00:05:24] Avery: This market is the same as that market is the same as, you know, I start just started identifying a lot of markets that were really similar and started hiring agents in those markets and opening offices in those markets and just kind of grew from there. Uh, but it actually being a short-term rental specific brokerage, I really did not want to be that.

[00:05:42] Avery: I was, when we were living in Nashville, when I first started the short term. And we had, we had a Nashville office too, but I was really worried about pigeonholing myself into one asset class. I was like, man, I can't just only sell short-term rentals. Like what kind of living is that? I need to be able to sell the million, 2 million primary homes.

[00:06:00] Avery: I need to help all these people in Nashville find primary homes. And so I was really trying to just be everything to everyone, which, as you know, doesn't work. And after a friend of mine's parents, Ran me all over Tennessee, four weekends in a row, 10 hours a day on Saturday and Sunday with no lunch breaks.

[00:06:18] Avery: They fired me. They were looking for a primary home fired me because I didn't know where to find the serial number on a $50,000 mobile home. And I was like, well, you know what? I don't do mobile homes. Like I, I had just sold four or five cabins in the s smokeys. Were easy. Like it was easy for me because I know about cabins and the Smokies.

[00:06:39] Avery: I o owned five of 'em. I was managing five of them. So all those sales came really, really easy cuz I was an expert in that. Whereas I was not an expert in $50,000 mobile homes. So I. . After that, I drove home the three hours that it took me to get home, because again, they had run me all over Tennessee and I'm like, you know what?

[00:06:56] Avery: I'm not helping any, anybody buy primary homes anymore. It's ridiculous. People will not not buy anything because they don't like paint colors. And I'm like, you can just paint it . But they don't have that investor mindset of, oh, if I don't like this one small thing, it's not that expensive to fix. They'll just, you know, throw.

[00:07:13] Avery: Throw the whole, like wanna tear the whole house down because there's some really minor like thousand dollars fix that they don't like. So, uh, finally it was at that point that I was like, okay, I'm gonna focus on investment. That's what I'm good at. That's what, where my mindset is, where my mindset matches my client's mindsets.

[00:07:28] Avery: So, um, and the rest just kind of like, Happened organically. I hate, hated posting on social media. . I don't like, I mean, it, it sounds kind of funny because I have a book and a podcast and all that stuff. I don't like being in front of people. I would be a recluse in my house and never talk to anyone if I could.

[00:07:49] Avery: But, um, that is not where, where my life has led me. So, uh, I had to get over that. And w the, the community has just kind of also come naturally cuz we would have a lot of clients that would say things like, oh, uh, I really like this neighborhood, but I don't know how it does. And we would say, oh, well we have three or four clients that have bought over here and they, let's connect you guys so that you can see.

[00:08:10] Avery: And so we were like, why don't we just do the, a big Facebook group? And then it just kind of, kind of happened , so it was all organic. I love that.

[00:08:17] Miranda: Thank you for going into such detail too, and I think it's important for us to all hear like things can happen organically and to listen to what is going on in your world, what you like and what you don't like.

[00:08:29] Miranda: Like if you really don't like something you don't have to do that you can pivot or focus on something else. That's really refreshing. Hearing you say like, I didn't like to do primary home, so why did I? Trying to do it. So it's awesome to hear, just listen and do what you like to do, and thank you for taking the time to speak to us, even though you might not love being in front of people.

[00:08:50] Miranda: We really appreciate

What should hosts be focused on in 2023?

[00:08:51] Avery: it, . I, I'm much more comfortable with it now than I used to be. . Yeah, this is a

[00:08:56] Miranda: good group too. Um, so the next question is, So basically it feels like every year there's kind of like a new trend or a pivot in what hosts should be focused on for two. Um, 2023. What do you think hosts should be focused on?

[00:09:14] Avery: Uh, I think quality properties over quantity is very important. I think a lot of people get caught up. Like they'll hear me say, I have 250 doors, and they're like, oh, I gotta have 250 doors. Well, Only eight of those are short-term rentals. And because that's all I need, I don't need 250 short-term rentals to get where I wanna be cash flow wise, I only need, I really only needed five, but I've bought.

[00:09:38] Avery: Three over the course of the last two or three years, but those Core five were really what paid for all of my other rentals. So, uh, I would say quality over quantity. And by quality I don't mean like having the, the biggest, nicest, fanciest house in the entire market. I mean, buying in the right market where the regulations are favorable.

[00:09:59] Avery: Um, buying a property that. Something that the tourists in that area have come to expect what they wanna rent. So what I mean by that is, uh, especially like last year when everybody was buying short-term rentals, we saw a lot of people, and these are the kind of people who are, who are getting in trouble now that would, they were so desperate to get something that they would buy something like kind of weird that's probably not gonna work for the market.

[00:10:24] Avery: Like, you know, in a mountain market, guests wanna stay in cabins, they want that mountain experience. So, but people would buy. Like a brick ranch house that could be anywhere in the world like Kansas City, and I call 'em Aunt Susie houses. Feels like you're sitting in your Aunt Susie's house and um, you know, that kind of stuff.

[00:10:43] Avery: Yes, they were able to get it at a time when it was really difficult to get properties, but now that the market's kind of changing and going back to normal, the whole, the having bought the, the kind of weird thing, it doesn't really work. So, I mean, buying in the right market, buying the right type of property, but, and then of course the obvious thing, making sure that the numbers work, uh, have.

[00:11:04] Avery: See, I really, really hate that phrase running around everywhere called Marry the house date, the rate. I think that's really irresponsible advice because yes. Will interest rates go down again at some point? Probably, but I feel like everyone's saying that. Encourages people to just buy houses that don't work and bank on being able to refinance it later at a lower interest rate when you should be able to buy a house that works now.

[00:11:31] Avery: And if the interest rate you can get it lower later, that's great. That should be extra. But anyway, all that to say quality over quantity. I love

[00:11:40] Miranda: that. I think that's so important. I think we're kind of all feeling that in the market, so I think that's a great thing to focus on. Um, the next question is, as a real estate agent, what types of changes are you seeing in the S T R market?

[00:11:54] Miranda: Are more people looking to enter? Are people turning their existing homes into s str? So maybe not buying antr specific property, but working with what they already. , um, are people continuing to look to expand their business or kind of what trends you're

[00:12:10] Avery: seeing? So I'm seeing. In spite of a lot of the news and uncertainty in the market now really is the best time to buy in probably the past three or four years, just in terms of being able to have a choice in the property that you're getting.

[00:12:28] Avery: Like last year you didn't get a choice. You just had to like fire off a hundred offers and it had to be thousands and thousands of dollars over asking to even be considered and you just kinda had to take whatever you could get. If hope one seller would accept your offer. Now there's a lot less competition in the market.

[00:12:45] Avery: You have the ability to like calm down and analyze and make sure things work and offer under asking and ask for closing costs and all those things. So that presents a really great opportunity cuz sellers don't know what's gonna happen either. So a lot of times because things are uncertain, you can get them to come down to a price that they ordinarily wouldn't have and get yourself a a much better deal.

[00:13:06] Avery: than we've seen in the past few years. Again, you gotta make sure that interest rate works, but I mean, and, and not being so scared of interest rates, because at the end of the day, they're just an expense, just like anything else. So if you just look at it as this is what that expense is, and don't look at it as this big thing that's like hiding under your bed that's gonna come out and eat you.

[00:13:25] Avery: You know what it is going in. So, you know, just run your. Like you always would and just make sure the numbers work. So, uh, I'm seeing, at least in my business, so we don't work in metro markets. We only work in regional drivable vacation destinations. And what we're seeing is we have two types of markets.

[00:13:44] Avery: Uh, we call 'em our blue chip markets. And then our emerging markets, which I need to come up with another word besides emerging because the, our emerging markets are still very mature vacation rental markets. But what I mean by emerging is becoming more popular to invest in because there's opportunity there.

[00:14:01] Avery: I'll get to that in a minute. So our blue chip markets would be like the S Smokey, the Emerald Coast, the places that there's always gonna be a ton of tourism. There's been millions and millions of, of people coming there for decades and decades and decades. Like my grandmother's been renting vacation rentals here in Destin since 1937.

[00:14:18] Avery: So , destin's not going anywhere. Um, so acas our blue chip markets cuz because they're such great places to own. You're gonna pay for that, right? They're expensive. Um, our emerging markets are a lot of times just as mature in terms of how long people have been coming to vacation there, but they're a little significantly cheaper in a lot of cases, so, Um, we're seeing a lot of people maybe switch over from focusing on the Tennessee side of the smoke east to moving over to one of our agents in the Western North Carolina market because it's the same mountains, a lot of the same attractions, but it's cheaper.

[00:14:54] Avery: Uh, in Florida, we're seeing a lot of people shift to like the forgotten coast, uh, because. There's a lot of opportunity there because I would say like 98% of the vacation rentals there are on two or three really like old dinosaur vacation rental management companies that are not optimizing pricing or anything like that.

[00:15:13] Avery: That's actually where I bought my most recent one and we're seeing people switch. Uh, we've got Myrtle Beach would be another one of our emerging markets. So really just seeing people pivot from those blue chip, super expensive markets that everybody could afford with the interest rates the way they were last year.

[00:15:26] Avery: To a little bit lower price markets where they can still grow their portfolio, but it's not as big of a financial undertaking as some of the, the more blue chip markets. I'm gonna jump in. I

[00:15:38] Mark: love that. Oh yeah, please do. Sorry, Miranda, I gotta jump in for, uh, for one thing. This is really good and I hope you're all enjoying it.

[00:15:44] Mark: Um, please, please say thank you and just, uh, anything that you've got to share, do it in the Zoom chat. Uh, but before we go any further, I do have a question, but before that, I wanted to send Avery a little gift just to say thank you for doing this. Uh, , I believe it has arrived. The box is there. So Avery, if you could be so kind, just to, just to open it up and I, I will explain the.

[00:16:05] Mark: Around this, uh, if it works, ,

[00:16:08] Avery: I feel like it's gonna be like a dead body part or something. The way you've been messaging me, asking me if I've got it

[00:16:13] Mark: yet, I can confirm it's not one of them, but just as you are opening this, um, and getting close to this, this one I'm gonna say thank you very much for doing this.

[00:16:21] Mark: Uh, thank you very much for all of the, the support. Uh, a lot going on behind the scenes. And, uh, just wanna say thank you very much for, uh, everything this year.

[00:16:33] Avery: It says, do not cut

[00:16:40] Mark: So, and as Avery is doing this, uh, if we've got any questions, please can you, um, do me a massive favor, pop it in the chat. We do have a couple that are coming in and we do want more. Uh, we're gonna have maybe about three or four more questions after this one. And then we're going to, uh, we're gonna let Avery get back to the day.

[00:16:58] Mark: But, uh, hopefully you are enjoying this and if you are not part of the Boostly Book Club Facebook. Because I know that I'm doing this live on, on YouTube as well. Please head over to the Boostly Book Club on Facebook and you can join it. We've got nearly 800 members every month. We do a different book and , I, I really hope this has worked cuz if not, hey, hang on.

[00:17:25] Mark: Oh, . Oh, alright. Avery, I've got to tell you, I've gotta come clean. That was meant to be a box, right? So this is, it is a box. It's meant to be a box, but this is a box that you've got to put together, right? Yeah. Oh,

[00:17:43] Mark: All right. You're gonna have to keep and hold this. This isn't, this is not work. This is meant to be a box. It's gonna be a box that when you owe, oh.

[00:17:49] Avery: You sent me a bag of confetti. Yes.

[00:17:51] Mark: Confetti was going to explode because I was recently on a, on a, on a podcast with Avery, where she called me the confetti of the short term rental industry, which I thought was very funny.

[00:18:02] Mark: Uh, and I thought, right. Brilliant. I'm gonna get a box, get it sent. I didn't realize I'm gonna be a builder. Frigging box . Oh dear. Here we go. Thank you. Anyway, , thank you for doing this. Alright, so the question is, so this is the question coming back to the book. So been doing this, um, for many years now. At what part of the journey did the book come into the equation?

The driving force behind the book

[00:18:26] Mark: What was the sort of the driving force of the thinking behind, I wanna put this book together?

[00:18:31] Miranda: So

[00:18:34] Avery: it was really more of. There were a lot of things that I had not streamlined in my business on the front end in terms of clients coming through the door and everybody has the exact same first, like 10, 15, 20 questions.

[00:18:50] Avery: So, Everybody. I mean, even me when I go to buy something new, it's the exact same few questions. So I'm like, okay, I am having, you know, 10 calls a day with people and saying the exact same thing over and over and over every single day, 10 times every day. And, um, I'd spoken at the Bigger Pockets conference a few times and they had started publishing more books and I just, I didn't even have it written yet, and I just wrote Mindy and I was like, Um, do you guys need a short-term rental book?

[00:19:23] Avery: Because short-term rentals are kind of like a thing now, whereas, you know, 10 years ago people were like short-term rentals, or even five years ago they were like, that's like kid stuff for people renting their. Couches to each other, like that's weird. But now it's an established asset class and a lot of people are doing it, so maybe you guys want a book about it.

[00:19:40] Avery: And they were like, yes, write it. And I was like, okay, cool. I'll write it. And I just kind of went through all of the FAQs that I would get 10 times a day every single day and made it a book.

[00:19:51] Mark: There you go. It's as easy as that. And Jodi's nodding because , she, Jodi in the room is nodding away. Brilliant.

[00:19:58] Mark: Thank you. Hassan, the floor is back to you. So we're, we're set with a few

[00:20:03] Miranda: more questions. Yeah. Awesome. I love that. It's great too, that you've saw a need and asked if you could fill it. That's a really good lesson for us all to know, cuz I think sometimes we see things and think someone should do that and don't do it.

[00:20:16] Miranda: So I love

[00:20:17] Avery: that. Um,

[00:20:19] Miranda: so this question I love with so many doors, what has been your best method for balancing work and home?

[00:20:28] Avery: That's a really good question. So with only eight of 'em being short-term, all the rest of them are on property management companies. So yes, you do have to manage your systems. Like even if you have long-term rentals that are on a property management company, it's still not what I would call truly passive, like you still have to deal with.

[00:20:47] Avery: The managers, like for example, uh, we were on our way home from somewhere, I think we were on, on our way home from Mississippi actually last week. And my husband Luke was like, we have seven empty units in Birmingham. What is that about? Nobody. The, the, um, manager didn't tell us about this like, I need to go bust some heads.

[00:21:04] Avery: So, uh, he just called and was like, Hey, this is unacceptable. You, you know, there's just things like that or like, Hey, uh, we need eight new decks on this one apartment building. And so there's still some management stuff involved, but as far as like day to day, With long-term, you're, you're not really dealing with them that much, whereas short terms, you know, people are messaging.

[00:21:25] Avery: So, uh, we have several VAs uh, between all of our businesses. We have one VA who is actually, he's technically Luke, my husband's va, but part of his job, not even his whole job. Is to answer our short-term rental inquiries during the day. And then we have business hours set on all of our Airbnb and V R B O listings and we say, Hey, these are the hours we're gonna answer the phone.

[00:21:49] Avery: If you have a problem outside these hours, that's like an emergency, you know, call the, the proper authorities. And that's worked really well for us. So, um, we do have quite a bit of delegation, although there's still, you know, being, being. Investor is still a lot of just being an entrepreneur, like running any business.

[00:22:09] Avery: You do have to kind of have your hands and everything, but, uh, we have a lot of systems in place. My husband, Luke, is really good at systematizing it. As a matter of fact, he overs, he tries to systematize me sometimes . Um, and so he's, he's done a really good job of making everything a system and getting upstream of, you know, the things that you run into over and over.

[00:22:32] Avery: Love that. That's really

Advice on slow season bookings

[00:22:33] Miranda: helpful. Um, the next question is more Airbnb focused. So as we go into some people's slow seasons and with all the changes and updates, do you have any advice on how to get slow season bookings and then how to just show up in the algorithms?

[00:22:52] Avery: So for me, I own. Five properties in a market that's pretty much year round, with the exception of January and February.

[00:23:02] Avery: And the s Smokey, then I own three on the Emerald, or sorry, two on the Emerald Coast of Florida and one on the forgotten coast of Florida, which is very seasonal. Uh, and for me, I don't really worry about the off season so much. I, a lot of investors are really scared of seasonal markets and, uh, I don't.

[00:23:23] Avery: When I do presentations on this, I'll have my screen, but, so an example that I like to give people when they have this concern is that I own a four bedroom cabin in the S Smokey Mountains and a four bedroom beach house in Dustin, Florida. I bought those in the same year, roughly the same purchase price, and the cabin in the, has like an 80% occupancy rate, and the Dustin Beach House has probably a 67% occupancy.

[00:23:50] Avery: So, you know, very clear defined off season. So a lot of people will say, oh, that cabin's way better. I'm gonna buy the cabin instead of that beach house all day because of that occupancy rate. But then I tell them, well, My beach house makes about $60,000 a year more than my cabin, even though it's only between March and the end of October.

[00:24:11] Avery: So I don't really care that it's empty in November and December and January because it made, it did what it needed to do just in a shorter period of time. So I have that off season to, you know, do any repairs, do any updates, make any replacements, but you also just get a little bit of a break. You get a breather.

[00:24:28] Avery: From guest questions and managing maintenance people and cleaners and things like that. So, and my properties are too big to, uh, be able to get like what we call here in the states, a snowbird, which is somebody who comes down from Canada to stay, uh, in Florida for the wintertime. Typically those types of people stick to like one bedroom condos or two bedroom condos, and my places are four or five bedrooms, so they just aren't a good candidate for that.

[00:24:53] Avery: So I just make sure that I optimize my high season and then just do any updates or repairs and take a breather in the low season.

[00:25:03] Miranda: That's awesome. I love that. It took me three years to learn that strategy, but I'm finally. okay with making the money when it's good and then shutting down and enjoying my life in the off season.

[00:25:13] Miranda: So yeah. I love that you feel that way too. Um, a question just came in that I think is really relevant as people are building their businesses and looking to hire VAs, do you have any good advice on how you were able to successfully, successfully find good?

[00:25:30] Avery: Yeah. Yeah. So, uh, there are a lot of offshore places.

[00:25:35] Avery: A lot of people get really hung up on it needing to be offshore, but there are, you can find great ones, uh, here in the States or like in whichever country you're in. I personally do use, uh, people in the Philippines. I've had the same one or two for probably three years now. Uh, so they're really, really good.

[00:25:52] Avery: Like chay. My, my main one. My number one va, like I couldn't live without her. Like she orders our groceries. She, she does like everything. Uh, and I got her from my outdesk. That's where we've hired most of our VAs is through my outdesk. But that might not work for everybody because they're on a, a salary structure.

[00:26:13] Avery: Whereas if you need somebody more hourly part-time, uh, online is a great one, or there are several people on my team. Have just hired like their friend who's been a stay-at-home mom and now all, all the kids are at school and they need a few, you know, they need something to oc occupy their time and make a little more money during the day.

[00:26:33] Avery: So if you're not comfortable with going offshore, there is someone in your circle that would be a good candidate. So it just kind of depends. So I would say, Check out those resources or think of somebody in your circle who pr, who is, might be interested in another stream of income for, you know, not having to go sit in an office all day.

Plans for another book

[00:26:56] Avery: That's really helpful. I

[00:26:56] Miranda: like too, the idea of thinking outside the box. Is there someone in your network that you could pull in and use? Um, do you have any plans for another book?

[00:27:06] Avery: Yes. Yes. We are in talks for book number two. It probably won't happen until 2024. Awesome. Well, we joint book sooner than that.

[00:27:19] Avery: Uh uh, Jody has so graciously invited me to, uh, be in or have a chapter in her next hospitable host venture, so I'm really looking forward to that.

[00:27:31] Miranda: Oh, that's awesome. I loved the first book, so I'm excited for the second one. Um, there's a lot of great people in that one too. It'll be fun to.

[00:27:40] Mark: Yep. And there's gonna be a, a launch party in Nashville in, uh, 2023, which is gonna be big.

[00:27:46] Mark: So, and there's gonna be lots of people in this room. I'm eyeing up a lot of people who sh who should be definitely getting in touch with Jody, Jody Sterling about hospitable hosts. 2024. Uh, there's lots in the coming cuz every host has got a story and, uh, every host should at least. Have that chapter in a book in some point in their life.

[00:28:04] Mark: And it's, uh, it's, uh, we've all got stories about the good guests, about the shitty guests and everything in between. So , we need to, we need to definitely talk about it. Uh, Avery, I just wanna say thank you so much for doing that. Um, we sent over a couple of questions, but we've thrown a few curve balls in there and you've just batted 'em off and answered them perfectly.

[00:28:22] Mark: Miranda, as always, thank you so much for doing this, putting this all together, getting the questions together, getting the troops together. It is amazing. Um, can everybody pleases say thank you to Miranda and Avery in the chat and if you want more of this, the Bruce Lee Book Club is up on Facebook. It's a hundred percent free.

[00:28:39] Mark: I love doing this. It's probably one of my favorite things that I have ever. Put together, um, on, on in the last six years. And I love just being able to sit back and, and listen and to be able to get Avery the offer to come in is like a hundred times better. So I really hope you enjoyed it and we're gonna do it again very soon.

[00:28:57] Mark: Uh, the next one of these is gonna come very quickly. It's gonna be on December the 14th, same time. And this time it's gonna be with the authors of the book, Derek Blueprint. Which I'm really excited to showcase and share with you some amazing humans who've helped me put that book together. But with all that being said, Avery, if there's, um, anywhere, anywhere, any channel that you would like to send people to, where would you like them to go to find out more about all of the things, all of the hats that you are wearing.

[00:29:25] Avery: Yeah, yeah. You can join our Facebook group. Uh, it's the same title as the book, short-Term Rental, long-Term Wealth. So you guys are familiar with that, uh, or Instagram? It's at the short-term shop. Uh, we, we do a lot of posting on there too, so that, those are probably the two easiest way ways. And then our website, the short-term

[00:29:42] Mark: Amazing. Alright. I can see loads and loads of nice things in the comments, which is lovely. So we will, we will leave it there. We'll let you all go. Miranda. Um, thank you again so much everybody. Thank you. If you could all just do me a massive favor. Oh, where's my phone? Let me get a nice little social media picture so when I say go, I'd love you all just to wave at the camera, please.


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