Should you sell your home in 2019?

Richard FertigJun 28, 20196m 56s1.6K viewsScore 75
Growth & Marketing
intermediate
property assessment
location strategy
investment strategy
1031 exchange
market trends
M

Summary

AI-generated

This video advises short-term rental hosts to critically assess their current property's performance and location. It suggests that instead of struggling with underperforming assets, hosts should consider selling and reinvesting in superior locations or property types to ensure future profitability and avoid market downturns.

Key insights

  • Superior locations, larger units, or properties with unique 'flavor' and personality (e.g., Spanish Mediterranean Villa Flair) offer better opportunities for cash flow and pricing power compared to generic corporate apartments.

Mistakes to avoid

  • Holding onto a property solely based on a 'never quit' mentality without strategic reassessment can lead to significant financial losses when the market shifts.

Tools & resources

  • Optimize your STR Taxesservice

    Richard Fertig provides a link to optimize short-term rental taxes.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial