Short Term Rental Riches 38. Is a Short Term Rental the Best Use for Your Real Estate?
Aug 4, 2020
Discover the expanding horizons of real estate beyond conventional housing! The discussion delves into how short-term rentals can boost property value and presents ten innovative uses for real estate that could surprise you. Learn about the trends driving these changes and why adapting properties can lead to greater income opportunities. This insightful conversation challenges traditional views, encouraging listeners to think creatively about their real estate investments.
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Societal Shifts Drive Real Estate Use
- Changes in society and work habits drive real estate use changes.
- Increasing remote work reduces office use, requiring new property uses.
Urban Exodus Transforms Property Demand
- Large shifts like urban exodus and declining retail space redefine property demand.
- These trends lead to office and retail spaces needing new functions.
Short-Term Rentals: Check Regulations
- Check local regulations before converting residential rentals to short-term rentals.
- Short-term rentals often bypass tough zoning changes, offering more flexibility.