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 Episode:
00:08 – Guest Intro: Craig Stevens
00:57 – Steven's background
02:43 – The Jersey Shore landscape for property managers
03:47 – Experience carried over from long term rentals
06:27 – Making decisions on software
08:30 – Where most bookings come from
14:43 – Growth plans
18:02 – Hiring and workforce
20:03 – Referral system and networking
20:56 – The Multifamily side of business
24:17 – Overbuilding of long-term housing in Florida
26:00 – Forecasts of growth for a community
27:50 – Regulatory issues in Jersey Shore
This 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 Craig
Website: https://shoretermrentals.com/
LinkedIn: https://www.linkedin.com/in/craig-stevens-7948842
Facebook: https://www.facebook.com/ShoreTermRentals/
Instagram: https://www.instagram.com/shore_term_rentals/
Connect with Alex and Annie and get more real vacation rental goodness:
Alex Husner: https://www.linkedin.com/in/alex-o-husner-%F0%9F%8C%8E-1844306/
Annie Holcombe: https://www.linkedin.com/in/annie-holcombe-vrgal/
AlexAndAnniePodcast.com: https://www.alexandanniepodcast.com/
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#propertymanagement #longandshorttermrentals #JerseyShore
