Episode

4 Sept 2023 · 34 min

0:00

Drew Pearce runs 9 short-term rentals across Florida and Tennessee. He filters markets by scanning 900 candidates, then narrows to those with 1,000+ rentals and an AirDNA demand score of 80+, comparing average rental revenue against home price to find ROI. He uses Hostaway, Wheelhouse, and Turno to manage properties remotely while focusing on guest experience through themed properties and on-site activities.

Questions this episode answers

About nine properties.

Seven owned jointly with investors; two are managed (recently started).

Started mid-2019; hit $100,000 in revenue in 2020.

Scan ~900 markets → keep markets with ~1,000+ vacation rentals → AirDNA rental demand score ≥ ~80 → compare average rental revenue to average home price to compute simple ROI → pick top markets.

HostAway (PMS), Turno/TurnoverBnB (housekeeping automation/marketplace), Wheelhouse (dynamic pricing), Operto (door codes/locks), ChargeAutomation (security deposit & guest onboarding).

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