BiggerPockets Real Estate Podcast 576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo
Feb 27, 2022
Discover the booming short-term rental market and strategies to thrive in it. Explore the pros and cons of mixing long-term and short-term rentals in one property. Delve into effective marketing tactics beyond usual platforms and the potential of sleepy markets. Gain insights on the importance of reliable partners and team dynamics in real estate ventures. Learn how to adapt your investments to market trends while managing cleaning and maintenance effectively. Plus, get real-time Q&A insights to fine-tune your investment strategy!
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Mixed-Use Property Advice
- Consider buying a duplex or a house with a detached bonus space for mixed use.
- Ensure separate entrances for long-term and short-term rental sections.
Rental Income Analysis
- Use tools like Rentometer and AirDNA to analyze potential rental income for both long-term and short-term rentals.
- Average the incomes to evaluate the property's financial viability.
Remote Management Tip
- When managing a mixed-use property remotely, prioritize finding a reliable cleaner.
- Cleaners often act as property managers, reporting maintenance issues and ensuring smooth operations.