How to Start a Short-Term Rental Business in 5 Steps

Summary

This video from BiggerPockets provides a comprehensive, five-step framework for starting a short-term rental business, aimed at beginners. It covers crucial initial stages including financial planning and understanding your budget, conducting thorough market research using data tools, strategically selecting a property while avoiding common pitfalls, and furnishing the property for guest appeal. Finally, it outlines how to build a solid management plan by leveraging automation tools and assembling a reliable local team to ensure smooth operations.