Property Management for Long and Short Term Rentals: Challenges and Strategies With Craig Stevens

Send us a message!Craig is a financial expert, author, and speaker who founded Shore Term Rentals, a short-term rental and property management company in New Jersey. With over 25 years of experience, he started acquiring multifamily apartment buildings in 2014, grew to 9 complexes worth $6M+, and developed a property management company to manage several of his personal properties.In this episode, Craig shares how he’s leveraging his background in finance to effectively run his property management business. Craig delves deep into the unique landscape of managing properties at the Jersey Shore, the ways in which short and long term rental management are different, and discusses regulatory issues that property managers face in the area. Don't miss out on this insightful discussion about the ins and outs of property management!Highlights of the Episode00:43 – Guest Intro: Craig Stevens01:32 – Steven's background03:18 – The Jersey Shore landscape for property managers04:22 – Experience carried over from long term rentals07:02 – Making decisions on software09:05 – Where most bookings come from15:18 – Growth plans18:37 – Hiring and workforce20:38 – Referral system and networking21:31 – The Multifamily side of business24:52 – Overbuilding of long-term housing in Florida26:35 – Forecasts of growth for a community28:25 – Regulatory issues in Jersey ShoreThis episode is brought to you by Casago, Guest Ranger, and Good Neighbor Tech.Visit AlexAndAnniesList.com to view our top picks for the best suppliers in vacation rental technology and services. Special thanks to Rev & Research for being the presenting sponsor of Alex & Annie’s List.Connect with CraigWebsite | LinkedIn | Facebook | Instagram Connect with Alex and Annie:Alex Husner | Annie HolcombeAlexAndAnniePodcast.comIf you enjoyed this episode of ALEX & ANNIE: The Real Women Of Vacation Rentals, make sure to visit our socials, leave us a like, a comment, or share our content with the crowd! Don’t forget to subscribe!LinkedIn | YouTube | Facebook | Instagram 

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