The Adventures of a Real Estate Investor

AREI 102 : Short Term Rental Secrets Patricia Baker & Lori Lusk

February 21, 2023 Michael & Suzy Season 3 Episode 102
The Adventures of a Real Estate Investor
AREI 102 : Short Term Rental Secrets Patricia Baker & Lori Lusk
Show Notes

 Trish and Lori are two real estate investors who decided to make a change into real estate investing and make an impact on short term rentals.  Trish loves the idea of having a place for large groups of family and friends to gather together and enjoy their vacation time, while Lori is an avid traveler and loves staying in other people's homes.
Lori is married with two young children, considers herself a huge systems and spreadsheet nerd and lives in the Pacific Northwest, where she loves anything outdoorsy. Trish married with two young boys, lives in the suburbs of Philadelphia where they wander elsewhere whenever they get the chance.  In this episode we welcome Patricia Baker & Lori Lusk as they share why they both  believe that short term rentals are the perfect way to travel where everyone can be comfortable and enjoy themselves. Come join us and listen in!
 
 [00:01 - 16:15]
• We welcome Patricia Baker & Lori Lusk to the show.
• Patricia Baker & Lori Lusk background on how she started in real estate investing.
• What motivated Trish to purchase a short-term rental after for losing a job?
• Why Lori exited on a townhouse property back then? 
• Where are they both at their short term rental portfolios?
• How did Trish decide to go after a certain type of property?
• Vetting the person who represents the groups to avoid property damage?
• Having larger properties short term rentals means lower occupancy and if the amount per night covers for low occupancy?
 
[16:19 - 33:26]
• How Lori decides who to partner with?
• Co-hosting similar properties in similar areas or totally different ones?
• Partnerships and creating the "Remote host hub handbook"
• Asking Patricia Baker & Lori Lusk the Adventurous Four 

Tweetable Quotes:
 "Invest in your education, invest in your systems all of those things really make a huge difference Before you start. Learn what other people have done. "  - Patricia Baker
 
"If you just tell everyone that you know, anyone that you run into what you're doing or what you're interested in, there's so many people that you'll run into that have a similar interest. "  -Lori Lusk   

Connect with Patricia Baker & Lori Lusk 
https://www.instagram.com/remotehosthub                               https://www.facebook.com/profile.php?id=100086287430468
www.remotehosthub.com           

📢Grab a copy of Remote Host Handbook using the code Adventure10 and get 10% off of your purchase. Available for a  limited time⏱ only! Hurry and get one today! Click here👉👉👉 https://remote-host-handbook.myshopify.com/collections/all

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