BiggerPockets Real Estate Podcast

How to Diversify Your Rental Portfolio for Financial Freedom Faster

20 snips
Sep 12, 2025
Garrett Brown, a short-term rental expert and host of the BiggerStays YouTube channel, shares his journey on diversifying rental portfolios. He reflects on the dilemma of shifting from successful Airbnb investments to safer, passive strategies. The discussion includes the pros and cons of multifamily rentals versus new-build properties, alongside potential pitfalls in the current market. Listeners learn about market trends, investment goals, and assessing risk—essential insights for anyone eager to achieve financial freedom through real estate.
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ANECDOTE

Short-Term Rental Operator Burnout

  • Garrett built a portfolio heavily weighted to short-term rentals and runs a short-term rental business.
  • He finds short-term rentals time-intensive and wants diversification to regain time and reduce operational risk.
ADVICE

Start Decisions With A 10-Year Goal

  • Define clear long-term goals (e.g., work-optional in 10 years) before choosing deals.
  • Use your goals to prioritize appreciation, cash flow, or time freedom when evaluating properties.
ADVICE

Always Stress-Test HOAs In Multifamily Deals

  • Run conservative NOI and mortgage estimates and include HOA and vacancy when evaluating multifamily deals.
  • Treat HOA uncertainty as added risk that can materially reduce cash flow and require deeper due diligence.
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