Cohost vs arbitrage, ROI of adding an amenity, saturated markets, theft - Short Term Rental Q&A

Thank you ‪@AirDNA‬ for partnering with me on this video! Sign up for free here: spn.so/l/h2hduqgh

0:00 Intro
0:11 What would I do the same if I started again
2:25 What would I do differently next time
6:23 Amenity add-on: analyzing ROI
9:30 Finding time for building short term rental business (on top of career, family)
11:07 Cohosting vs arbitrage, pros/cons vs partnership
19:30 Guest-related issues: screening tips and tools
22:30 Preventing squatters
24:03 Insurance needed for short term rentals
24:56 Theft, damages, reimbursements
27:40 Party prevention and repercussions
29:07 AI tools for regulations
30:26 AI tools for guest communications
32:00 Split fee vs host-only fee on Airbnb
33:50 Saturated and restrictive market trends
36:27 Overcoming analysis paralysis and taking the first step: Practical tips


LINKS FOR MY TOOLS:
Be the first to know when my templates & checklist vault is ready: lydiapatelll.ck.page/vault
Short term rental calculator (free): lydiapatelll.ck.page/calculator
Setup guide downloadable (free): lydiapatelll.ck.page/how-to

MENTIONED LINKS:
Airbnb with me and my husband as your ambassadors - www.airbnb.com/r/mpatel207
Novo (banking): novo.pxf.io/6ePnmE
Landlord Insurance: lydiapatel.steadilypartner.com/
Northwest Agent discounted rate at $39 per LLC with link: shrsl.com/4869z
Superhog: www.superhog.com/
Lodgify: www.lodgify.com/?afmc=1nq&utm_campaign=1nq&utm_sou…
Tenant definitions in 50 states: www.steadily.com/blog/when-does-guest-become-tenan…
Airbnb details on host-only fee: www.airbnb.com/help/article/1857

SMART HOME/AMAZON STUFF:
Do not unplug stickers: amzn.to/4c1fBI5
Yale lock: amzn.to/3RaDqFd
Ring outdoor cam: amzn.to/3X6L0om
Ring doorbell: amzn.to/3VnYWsx
Minut monitor: minut.partnerlinks.io/noise-monitor
Rachio (sprinkler): amzn.to/3yII47b
Ecobee (thermostat): amzn.to/3Vml1Ic

MENTIONED VIDEOS:
Last Q&A:    • 30 questions and answers about invest...  
Tiny house backyard Airbnb:    • Tiny House Airbnb | How much I made w...  
Picking a market:    • Which short term rental market to inv...  
Projecting revenue/Analyzing properties:    • How I project revenue for short term ...  
Bad guests:    • Protect Yourself From Bad Airbnb Gues...  
Operations/maintenance checklist:    • HOUSE OPERATIONS: Complete checklist ...  
Home "self employed" day:    • Part-Time Entrepreneur: Productive (a...  

Business inquiries: hello@lydiapatel.com
IG: I'm @ lydiapatelll

Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income is how I get to keep all the resources free for a greater number of people, instead of selling them as ebooks and paid content. :-) All of the products I recommend have been fully tested by me, and I seek out affiliate links only after I’ve verified I would recommend these to you. Thank you everyone for your generous support!

Also- everything here is based on my own experience and knowledge. I am not a licensed tax or legal or financial person. I care deeply about being honest and transparent, and try my absolute best to give you everything I know, but I can't imagine every viewer's situation and ensure what I say applies to your circumstances. When in doubt, always seek professional advice! (Or at least, leave a comment and get some clarification!)