Do THIS After You Buy A House - Tips For Real Estate Investing in 2021
Summary
Sean Rakidzich argues that short-term rentals are often more profitable than long-term rentals and carry less risk when you leverage the systems and guarantees OTAs like Airbnb provide. He advocates for transitioning existing properties to STRs, even if a long-term tenant is initially preferred. Key areas: tenant screening and housekeeping to ensure a smooth and profitable STR experience.
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An Airbnb host in Puerto Vallarta, managing three properties, reports cancellations, yet remains optimistic about the future. This provides a glimpse into the market dynamics. Facing cancellations highlights potential challenges. The host's outlook hints at cautious optimism amidst uncertainty.
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Curated by Learn STR by GoStudioM