We rented our primary home for a year. Here's why we're not moving back.

Kylee & Steven - Short Term Rental ExpertsApr 26, 20268m 49s2.2K viewsScore 85
Pricing & Profitability
intermediate
mid-term rental
primary residence rental
rental income
portfolio strategy
flexible housing
M

Summary

AI-generated

Learn how to leverage your primary residence as a mid-term rental to generate income and flexibility, even when you're not living there. This video breaks down the financial strategy and practical steps involved in transforming your home into a profitable rental property.

Key insights

  • In Palm Springs, mid-term rentals have a 27-night minimum, with seasonal price variations from $3,500-$4,500 in summer to a peak of $15,000 in March.

Mistakes to avoid

  • Assuming a property must be exclusively a primary residence or a high-earning investment property, which can lead to leaving money or flexibility on the table.

Tools & resources

  • Solar Setup Videovideo

    A video detailing a specific solar setup for cost savings is available.

Frequently Asked Questions

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