Short Term Rental Riches 4. Uncertain Regulation Changes? Must-Have BACK UP Strategies
Nov 19, 2019
Navigating the world of short-term rentals can be tricky with ever-changing regulations. Discover essential backup strategies to safeguard your investments. Learn how to ensure positive cash flow, even in economic downturns, by targeting extended stays. The importance of properties with regulation-friendly permits is also highlighted. This episode offers practical insights for making sound investment decisions in an uncertain landscape.
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Buy Properties That Cash Flow
- Buy properties that cash flow with long-term tenants from day one.
- This safeguards your investment amid short-term rental regulation changes or market shifts.
Economic Downturns Impact Vacations
- Economic downturns sharply reduce vacation short-term rental demand, mostly affecting middle-class travelers.
- Properties suited for long-term rentals offer more stability in a recession.
Focus on B-Class Properties
- Target B-class properties in good areas to maximize returns and maintain stability.
- These properties tend to perform better during economic downturns and justify short-term rental conversion.