On this week's episode, Avery is joined by Nick Hausmann, a short-term rental investor and co-host who built a vacation rental in Fort Morgan, Alabama, from 800 miles away. Nick shares the challenges of his first remote construction project, including a nine-month permitting process, his original builder going bankrupt, lost funds, and a project that stretched from an expected nine months to 22 months. Despite the setbacks, his property generated $150,000 in gross revenue during its first year, and he discusses how a refinance allowed him to recapture nearly all of his original down payment. Nick and Avery also talk about the realities of building remotely, researching contractors, navigating land restrictions and setbacks, and standing out in the competitive Gulf Shores market without spending a fortune. Finally, Nick explains his approach to guest experience, why he believes the area has strong investment potential, and how he plans to use his growing co-hosting business to fund future builds and eventually leave his nursing career.

Connect with Nick:

www.brighthausstays.com
Facebook: Bright Haus Stays
IG: @BrightHausStays

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For more information on how to get into short term rentals, read Avery’s books:

Smarter Short Term Rentals - Buy it on Amazon
Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon