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Reviewed by Vincent Dublado for Readers' Favorite
The Short-Term Rental Playbook: A Guide to Finding, Analyzing, Buying, and Managing Rental Properties with Risk and Diversification in Mind by Andy Wen is timely and indispensable for those wanting a share of today’s lucrative property market. The book’s opening statement that if it was that easy, everyone would be rich rings true. When was the last time you spent doing the math for real estate investment analysis? Chances are, you are one of those people who rely on intuition to weigh up the rewards to see if an investment is worth it. Fret no more, as this book gives you a step-by-step guide to how short-term rentals can significantly change your life. It teaches you to break down STR and real estate investing into smaller, bite-sized parts through the WWHRO method: Where, What, How much, Rental rates, and Occupancy rates.
Andy Wen provides you with the necessary process to go through before getting into any property. Think of this book as an exercise to avoid any pitfalls like simply buying property and hoping it takes off. In today’s competitive market, such an idea is not enough, and this is another reason for you to listen as Wen tells you why. Wen has a healthy understanding of the basic building blocks involved in property investing, and you can trust the way he walks you through the fundamentals and analysis you need to know. Do take note that diversification is one of the important terms here. STR is not as easy as a walk in the park, but if you intend to arm yourself with the right know-how for a wide array of real estate scenarios with the commitment to push through, then The Short-Term Rental Playbook is your formidable ally.