Part 1: What to Expect with
Short Term Rentals
Get ready to explore the world of short-term rentals and turn your space into a money-making gem. Discover what to look for, the financial rewards, and hurdles you'll face along the way. Get the know-how and confidence to embark on a successful short-term rental adventure!
Part 2: From Contract to Launch on Your STR
Transitioning from contract to launch, this chapter provides essential steps for a successful short-term rental. Learn how to furnish, create compelling listings, and optimize visibility. Get equipped to make a memorable impact on your guests from day one.
Part 3: Mastering Your STR - From Ownership to Operation
Learn to operate your short-term rental like a pro. Discover effective management strategies and how to setup your home for success. Then, we go through small but meaningful touches of your home for maximum potential to make your home stand out from the crowd.
Part 4: Streamlining Your Rental Platforms
Learn how to seamlessly manage your short-term rental across multiple platforms in this chapter. Set up and synchronize iGMS, Airbnb, VRBO, and Booking.com for centralized management of listings, reservations, and guest communication. Streamline your workflow, save time, and increase bookings by harmonizing these platforms to work together efficiently.
Part 5: Real Life Example of Austin's Timbers 3
Join me on the captivating journey of transforming Timbers 3 into a successful short-term rental. From concept to acquisition, renovation to marketing, gain valuable insights and practical experience. Learn from real-life examples to confidently navigate your own short-term rental project with creativity and success.
Part 6: FAQs Uncovered - Answering Your Questions
Discover answers to burning questions and common FAQs in this chapter dedicated to short-term rentals. From managing cleaners and dealing with bad reviews to guest management and property damage, we've got you covered. Gain clarity and expert insights to overcome hurdles, make informed decisions, and thrive in your short-term rental journey.
Example Curriculum
- Benefits of Owning STRs (2:53)
- Downsides of Owning STRs (1:54)
- Location & Affordability (4:16)
- Benefits of Getting a Realtor (1:13)
- If You Are a Realtor, You Can Use This System (1:19)
- Understanding The Downfalls of Rental Arbitrage (2:57)
- Mid-Term Rentals Can be an Option (1:24)
- What to Look For In a STR (1:31)
- Money, Decor, Furniture, & Renovations (4:10)
- Running CMAs, Fees, & Pricing (5:56)
- Example of Running CMA's, Fees, Etc. (4:22)
- Projected Gross Income, Expenses, & Profit (6:30)
- Rental Sites Fees (3:05)
- Summary of Part 1 (0:31)
- Prepping Your Future STR (3:09)
- Building Your Team - Cleaners (7:00)
- Building Your Team - Handymen, Contractors, & More (2:30)
- Utilities, Insurance, & Associations (1:31)
- Deeper Understanding of STR Insurance (1:57)
- Listing Your STR on Rental Sites, Titles, & Descriptions (2:10)
- iGMS & Auto-Messaging Templates (1:09)
- Welcome Guide Books (0:27)
- Guidebook & Social Media Walkthrough (3:05)
- Setting Expectations / House Rules (0:37)
- Prepping for Your Closing Date (0:57)
- Cleaning & Restocking Checklist (0:19)
- Pricing in Advance & Strategy (1:20)
- Wifi Porter (0:31)
- Tracking Your Expenses (0:50)
- Revenue and Expenses Spreadsheet Breakdown (8:17)
- New Bank Checking Account (1:08)
- Benefits of Equity in Your Home (0:46)
- Benefits of a Custom Website (1:34)
- Locks For Your Property (2:50)
- Outro of Part 2 (0:18)
- Part 2 Quiz
- Review from Part 1 & Part 2 (0:44)
- Closing Date & Early Ownership Timeline (2:39)
- All Inventory (Old & New) (2:29)
- The Value of Painting (0:50)
- Hire a Worker/Helper To Get the Job Done Right (3:08)
- Why a Focal Point is a MUST (3:27)
- Subconscious Convenience - Part 1 (1:15)
- Working Room-by-Room: Bathrooms (0:57)
- Working Room-by-Room: Bedrooms (5:58)
- Working Room-by-Room: Living Room (4:18)
- Working Room-by-Room: Dining Area (1:43)
- Working Room-by-Room: Kitchen (0:40)
- Subconscious Convenience - Part 2 (1:00)
- Professional Photos are a MUST [IMPORTANT] (4:13)
- Video Benefits & Strategies (3:01)
- Virtual Tour Benefits (0:24)
- Scams to Watch For (2:00)
- Do You Need Security Cameras? (1:52)
- Outro of Part 3 (0:45)
- Part 3 Quiz
- What's to Come With Part 4 (1:07)
- Why I Love iGMS (1:26)
- Dashboard Review in iGMS (2:33)
- Inbox & Auto-Messaging in iGMS (6:16)
- Properties Tab - Messages Integrated within Inbox (8:49)
- Multi-Calendar Section within iGMS (4:44)
- Multi-Calendar: Pricing within iGMS and Pricing Engines (8:10)
- Single Calendar with Multi-Calendar Section within iGMS (2:45)
- Reviews with iGMS, Airbnb, VRBO (5:04)
- Tasks Section within iGMS (1:26)
- Team & Members Section within iGMS (2:56)
- Additional Team Members to be Notified (1:53)
- Check-Ins Section within iGMS (0:56)
- Accounts & Listings Section within iGMS (3:45)
- Properties Section (Full Review) within iGMS (5:33)
- Direct Bookings Section within iGMS (2:55)
- Key Cafe within iGMS (0:39)
- Reports within iGMS (4:52)
- Live Support with iGMS (3:38)
- Adding a New VRBO Listing (7:13)
- Connecting VRBO with iGMS (1:41)
- Channel Creation for Airbnb/VRBO in iGMS [IMPORTANT] (0:54)
- VRBO Best Strategies: Editing Your Amenities & Listing (6:13)
- VRBO Best Strategies: Rules & Policies (2:30)
- Assigning Photos in VRBO (1:35)
- iGMS and VRBO Final Connection Check (4:01)
- Boost in VRBO (1:32)
- Do I want a virtual assistant? (0:49)
- Where do you find a short term rental cleaner? (0:27)
- How do you keep conversations with all of the guests? (0:41)
- How do you handle a situation where someone breaks or damages something in your property? (1:52)
- What if there is damage to the property? (0:56)
- How do you handle the reviews? (1:41)
- How do you respond to a bad review? (1:52)
- How fast should you respond to guests? (1:00)
- What do you do with owners closets? (0:50)
- What do you do with cancellations? (1:23)
- How do you handle cleaning comforters? (0:45)
- Do you ever swap out the thermostat? (0:55)
- Do you ever let guests check in early? (0:38)
- Do you let your guest check out late? (1:04)
- What do you include in your checkout list? (1:55)
- Do you allow pets at your property? (1:52)
- Do you provide any coffee items? (1:04)
Led by an Accomplished Real Estate Professional, not an Amateur Enthusiast
Hey there! My name is Austin Frangoules and I am a Real Estate Broker Owner in Virginia and North Carolina. I have 40+ REALTORS work under my company, Austin James Realty, and I oversee 400+ home sales every year.
I truly enjoy teaching my agents on how to be better agents in the market to help them grow and succeed in work and in life.
My goal is to help the every day person in becoming successful real estate entrepreneurs by doing something real estate related.
When I'm not working, you can find me with my dogs, my family, at the gym, or doing something sports related somewhere in my hometown, Virginia Beach, VA.
