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410 | Short-Term Rentals on the Path to FI | Kelly Cronin

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The 1% Rule in Rental Real Estate

The 1% rule is very common in the bigger pockets world, but for people who aren't familiar with that, can you clarify? So any amount that you're going to spend on a property, including any kind of renovations that you do, that big chunk, you should be getting 1% of that back each month. And the nice thing about that is that when we're talking about short-term rentals, we're generally talking a little bit higher than that.

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