The Short-Term Rental Strategy
Short-Term rentals can be extremely profitable. At a minimum will double your profits of a long-term rental but can as much as 15 times or greater during peak months. At the same time still providing you a pay-down of your mortgage and all the tax benefits that come with owning investment real estate. Not to mention when you invest in a vacation type location or destination location, you can visit your investment and have wonderful write offs for checking in on your costly endeavor. Of course as always consult a CPA. The premise is simple. locate a great property with due diligence, make rent ready, furnish, manage and collect your profits. Im sure that sounds way too simple but its fairly basic and easily learnable. We’ll give you the tools you need to be successful. As with all investing there is inherent risk. Maintaining a balanced portfolio will be key to growing your wealth. A good mix of long, short and midterm rentals will se you through the tough times and catapult you forward through the great times.
RESEARCH SITES:
CityData.com
Booking Sites:
AirBnb
VRBO
HomeAway