Real Estate Rookie How to MAX Out Your Cash Flow Per Property with “The New Airbnb” (Rookie Reply)
Apr 18, 2025
Garrett Brown, a short-term rental investing expert from Bigger Stays, joins to share insights on maximizing cash flow through innovative strategies. He discusses co-living arrangements, emphasizing the profitability of renting by the room. The conversation dives into effective market analysis for short-term rentals and managing investments remotely. They also highlight critical pitfalls to avoid, such as risky amenities that could lead to legal troubles. Tune in for a wealth of practical tips and fresh perspectives on successful real estate investing!
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Add Baths for Co-Living Success
- Evaluate the bathroom-to-tenant ratio carefully when using a rent-by-the-room strategy to avoid logistic issues.
- Consider adding extra bathrooms or bedrooms to increase value and make the property more suitable for co-living.
Master Market Data and Remote Management
- Analyze short-term rental market data like supply growth, occupancy, and revenue before investing.
- Build a strong remote management team including a reliable cleaner and handyman, and use tech like keyless entry and PMS software.
Choose Experienced STR Real Estate Agents
- Use a short-term rental knowledgeable real estate agent when investing out of state.
- Confirm their experience with STRs and get recommendations for local service providers to better manage your investment.