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Richard Fertig Review (2024): Is Short Term Rental University Worth It?

By: Joel & Josiah
Richard Fertig Review

Short-Term Rental University (STRU) has made waves in the world of real estate education by offering ambitious entrepreneurs the opportunity to enter the lucrative field of short term rental business.

Many people are interested about the credibility of this online program and if it genuinely offers the secret to financial success in the competitive rental market.

In this review, I’ll go into the heart of STRU, exploring its offers and determining if it is the appropriate match for anyone looking to supplement their income via short-term rentals.

Disclaimer:
This Richard Fertig review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.
Teaches fundamentals of STR properties
Possible to make some money
High enrollment cost
No guaranteed income
Real estate is volatile

PROS

    CONS

    • High enrollment cost
    • No guaranteed income

    Why Listen To Us?

    My name is Josiah, and this is my Dad, Joel.

    Together, we make up the team here at Scamrisk.

    If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

    In early 2020, I had just graduated from college & had no real career prospects.

    I knew I was destined for something more, but I had no clue how I was going to make it happen.

    I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.

    Anyway…

    I had fiddled around with some different online businesses in college:

    Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

    Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

    All I really wanted was to find something that was going to actually work for me.

    Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

    So I searched! And searched… and searched… and searched…

    And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

    I didn’t really want to be “rich”.

    The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

    Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

    I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

    Fast forward a few days and a few phone calls & I was enrolled!

    Here’s the first “money making website” I put up:

    I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

    The best part to me? My dad and I get to do it all together!

    So between the:

    1. Ease of reaching $5-$10K per month in income online
    2. Straightforward-ness of the system to do it
    3. Fact that I get to do it w/ my family

    Is why I recommend local lead generation as my #1 business model for making money online.

    Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

    I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

    Contents

    Short Term Rental University is an AirBnb program.

    Like most AirBnb courses, you’ll likely be exposed to the “Big 3” rental types:

    • vacations
    • events
    • Long-term buy-and-hold

    Regardless of which path you go down, there is a lot of potential with short term rentals.

    After all, it’s a part of the world’s oldest wealth-builder, re-imagined.

    However, before you leave this Short Term Rental University review and go sign up, you might want to ask yourself:

    “Is now the right time for me to get into short term rentals?”

    Because, no matter which way you slice it, short term rentals are extremely capital intensive, labor intensive, or both.

    So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into short term rentals.

    But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.

    A good way to get yourself there is with Digital Real Estate.

    Digital Real Estate takes all the best parts of short term rentals, while eliminating most of the headaches:

    • Low cashflow
    • Interest payments
    • Mortgages
    • High overhead
    • Expensive repairs and maintenance
    • Problematic guests

    And the best part?

    Digital Real Estate allows you to build a passive income stream that’s actually passive!

    An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).

    An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.

    TESTIMONIAL - STILL GETTING PAID

    If that sounds like something you’d be interested in, check out Digital Real Estate.

    This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.

    However, if you’d still like to know more about Short Term Rental University, keep reading.

    What Is Short-Term Rental University?

    What Is Short Term Rental University

    Short-Term Rental University (STRU) is a do-it-yourself online program, masterminded and led by real estate investor and mogul Richard Fertig. The program serves as a one-stop shop, providing tool kits to owners and property managers.

    Students enrolled in the course gain access to the very system Richard utilized to construct and expand his rental properties.

    Richard’s future-proof formula guarantees a proven approach capable of identifying and operating short-term rentals that generate consistent and sustainable passive income.

    Who Is Behind Short-Term Rental University?

    Who Is Behind Short Term Rental University

    Richard Fertig, the visionary behind Short-Term Rental University (STRU), boasts an impressive entrepreneurial journey spanning over 25 years. As a seasoned STR owner, he has achieved remarkable success, currently generating a staggering $500K in revenue from his short-term rental units.

    Richard has earned a coveted reputation as one of the foremost short-term rental coaches, thanks to his unique ability to discern market trends, honed through years of experience in real estate and hedge fund management. This keen insight has empowered him to make shrewd decisions as a property owner.

    As a dynamic business leader in the short-term rental space, Richard Fertig, the chief investment officer and real estate developer, offers proven strategies through one-on-one coaching sessions.

    His expertise in renting real estate and implementing dynamic pricing has been instrumental in guiding numerous individuals to success in the STR business. Additionally, he hosts live events that provide valuable insights into the ever-evolving world of short-term rentals.

    Want It Done For You

    In addition to STRU, Richard Fertig has founded multiple other successful enterprises, including Stomp Capital LLC, Brilliant Transportation, and ventures in the hospitality and finance sectors. His impressive career also includes an association with The Blackstone Group and the management of a remarkable $4 billion Hedge Fund at Ramius Capital LLC in New York City.

    Beyond his thriving business ventures, Richard Fertig leads a well-balanced life. A doting father to three daughters, he relishes in exploring the world through travel.

    What’s Inside Short-Term Rental University?

    What's Inside Short Term Rental University

    Within this comprehensive learning platform, two program offerings stand out, geared towards transforming property owners into successful entrepreneurs, reaping lucrative profits from their STR online business:

    The Ultimate Guide To Finding & Buying STR Properties

    The Ultimate Guide To Finding STR Properties

    A self-paced course designed to impart Richard’s proven system for constructing and scaling short-term rental listings. Its primary goal is to empower real estate investors with the confidence and knowledge to locate and acquire properties successfully.

    This 5-module course expertly guides real estate investors, from assessing the business model to effectively closing deals.

    1. The WHY Assessment: This module aims to harmonize one’s passion and personal interests with their financial goals.Cultivating a personal connection with the property fosters a deep sense of commitment to resolving potential challenges in the future. Moreover, such a connection renders the STR unit more appealing to like-minded guests in the market.
    2. Pre-Purchase Evaluation: Focused on the financial aspects of property acquisition, this module readies participants to become loan-worthy while navigating around hard credit checks.
    3. Making the Right Decision: Module 3 dives into three pivotal considerations before fully committing to STR investing. Participants gain insights into regulations, properties to avoid, and revenue assumptions that set realistic and achievable expectations.
    4. Closing the Deal: This module unveils Richard’s secret tips on persuading brokers to agree on desired prices. Participants also receive instruction on negotiation strategies and leveraging home inspections to instill confidence in sealing the deal.
    5. Building Your Cash Engine: Participants will master the art of deciding which property renovations require immediate attention and which ones can be strategically delayed. The module also imparts a strategy for marketing the property effectively in the short-term rental market, thus simplifying the process of building a brand.

    The STR University Cohort

    The STR University Cohort

    This class operates on a cohort-based approach, encouraging students to collaborate and grow together with other property owners.

    Such collaboration enables the group to collectively tackle problems and devise practical solutions to scale and excel in the competitive short-term rental industry.

    Furthermore, the limited class size ensures maximum engagement and learning for each course participant. As an exclusive benefit, enrollment in this class includes a 75-minute one-on-one call with Richard himself, providing personalized guidance and support for your STR venture.

    How Much Does It Cost To Join Short-Term Rental University?

    How Much Does It Cost To Join Short Term Rental University

    The enrollment fees for joining Short-Term Rental University are as follows:

    1. The Ultimate Guide to Finding & Buying STR Properties: $1,995
    2. STR University Cohort: $1,500

    Is Short Term Rental University A Scam?

    Scam or Legit

    So, is Short Term Rental University a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Richard Fertig makes it sound.

    There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.

    Now, there’s nothing wrong with front-loading the work and making the money later.

    But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the homeowner to use their airbnb – and then your reward is like $100 a month in profits, it’s not really worth it.

    What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?

    And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

    And what if you could double it next week?

    Well, that’s the power of Digital Real Estate

    And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.

    Your laptop and an internet connection is all you need.

    Some of the most successful students in this program run their entire 6-figure businesses from:

    • A camper in the middle of the woods
    • A beach chair on the water in Mexico
    • A small villa in Greece

    Saying goodbye to our job

    They’re able to travel around, living their lives first, and focusing on their income second.

    Because even if they stop working for an extended period of time, the money keeps coming in.

    So adventure, memories, and experience are the top priority.

    And they never have to worry about how to pay for the next trip, or consider asking for time off.

    If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

    Are There Alternatives To Short Term Rental University?

    Top 5 alternatives

    Yes, there are plenty of other business models to choose from if you want to pursue this making money online.  Here are just a few:

    • Local Lead Generation
    • Digital Real Estate
    • SEO
    • Real Estate
    • Website Building

    What Is My Top Recommendation For Making Money Online In 2024?

    Digital Real Estate

    Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

    While there may be no “perfect business”, the research IS conclusive:

    Digital Real Estate is the #1 online business model for those just starting out.

    Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.

    Why?

    1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

    And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

    Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

    This is only possible if you have an income stream that’s not tied to your time.

    Short Term Rentals are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.

    TESTIMONIAL - JUMP ALL IN

    2) You Own & Control EVERYTHING: Yes, in short term rentals you kind of “own” the properties. But there’s also a ton of debt tied to most airbnb’s, which means the property isn’t truly yours.

    A lender can take it away if you or the owner miss a payment. Not to mention, loan payments really impact your profit margins.

    With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.

    TESTIMONIAL - FEELING BLESSED

    3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

    Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

    Scott Lead Gen

    4) Minimal Ongoing Expenses: With short terms rentals, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the kicking out an unruly guest process), profit margins are slim.

    Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next guest moves in).

    With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.

    Done Deal

    5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

    Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

    Because you have more knowledge, more experience, more results, and more momentum.

    If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

    Lance Lead Gen

    6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

    Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

    You make money by helping them make money.

    Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

    Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

    TESTIMONIAL-BOSS-OF-MY-FUTURE

    Now, the choice is yours. You could continue browsing, looking at opportunities like Short Term Rental University which could one day make you money.

    You could continue researching, never making a decision.

    OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.

    A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

    All while genuinely helping real people who are grateful and happy to pay for it.

    If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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