Monthly Meeting August 2023 -Rental Strategies - AirBNB, VRBO or Rent Annually?

August 2023 CCREIA Meeting Topic:
Rental Strategies - AirBNB, VRBO or Rent Annually?
 
Join us Thursday to learn from Joe Prillaman, a dynamic, local, short term tental (STR) investor that owns properties at the beaches, mountains & in the downtown areas. He will be available to explain what they do and provide information on the following:
 

1. General overview of Short Term Rentals (STR) and the unique opportunities here in New Hanover County.
2. Running numbers and estimating STR gross income vs. Net Income 
   
3. Best Practices and tips for operating a short term rental. 
   
4. Short term rental platforms (AirBNB, VRBO & others)
   
5. Software
   
6. Managing the property
   
7. Pro’s & Con’s of the 3 strategies
   
8. Ideas to be most successful & some things you definitely don’t want to do

 
More About Our Presenter
About Joe Prillaman
 
Joe & his wife purchased their first investment property in Fayetteville, NC in 2018. Their current portfolio consists of 9 properties and 16 doors. 10 of the doors are short term rentals in Carolina Beach, NC. They have over 1000 reviews on Airbnb and this last year they have maintained a 94% occupancy rate while generating over $500,000 in gross income. They have maintained an average of 4.9 star rating on Airbnb since starting short term rentals in 2019 and this year alone have hosted over 800 reservations. 

We'd love to see you there! Please RSVP so we know how much food to order! Pizza & drinks (and cookies if you arrive early enough) will be served.

~Coastal REIA Board

Guests: $20

Active Military & Students - FREE w ID

Coastal REIA Members - FREE