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I didn’t start out in real estate by investing in the more “traditional” long term rentals.
I invest in short term rentals. I see it as an advanced strategy, but that doesn’t mean you need to “build up to it.”
It’s very accessible to both new and seasoned investors alike.
My actual start came from managing short term rental properties for others. Once I saw how much money these property owners were making, I became an investor myself.
In today’s video I’m going to walk through this advanced real estate investing strategy.
First, I want to point out that there are a lot of similarities between STR (short term rental) and LTR (long term rental) investing.
Right up until the point of “launching” the property, most of it is the same.
In the video we discuss the differences between analyzing short and long term rentals. What key areas make up the difference?
We also discuss the differences in renovation. This part isn’t terribly different. Both strategies involve houses and buildings.
I share the difference and what the focus should be with short term rentals.
After that it splits. With long term rentals it’s time to list, screen, and rent.
I finish the video by outlining how to take advantage of listing your short term rental.