Danny Brown is a Realtor and Host of the Danny Brown Talks Phoenix podcast. In this special episode, Wendy and Danny Brown sit down again to talk about what the Real Estate market looks like in a pandemic mode and how property owners can overcome any pandemic limitations in short-term rentals.

Wendy and Danny talk about how she turned short term rentals cancellations into longer stays by staying creative and how sometimes you have to be strategic about investment and being ok with the feeling of losing money to get money.

In this episode, you can get more tips on how to manage cancellations gracefully without hurting your score and how to target a new type of traveler.

Key takeaways from this interview:
-"Panicky sellers" are temporarily transforming the market.
-Think creatively about short term rental and consider the new traveler type (stranded college students and healthcare professionals).
-When purchasing a new property make sure that your expenses are under control and that you won't be in trouble in a slower economy.
-Local and suburb living is a trend that has been fast-tracked by the pandemic.
-How this market may be a good time to negotiate a property that can become a flip.
-Make sure that you have a way out even when you're considering buying a flip or another property.
-This recession isn't going to be like the previous ones, and this one will be short-lived.
-Homeowners have more equity than ever before.
-The luxury market is taking the biggest hit in this market.
-Danny thinks that the housing market is actually going to pull us forward in the new economy.


Follow Danny online:
https://www.instagram.com/dannybrownaz/
https://www.instagram.com/myriadaz_/
https://www.myriadaz.com/

For show notes please visit:
http://flippinwendy.design/blog/podcast-episode-5