Making profit with STR’s in an today’s market

[Jeff Gold]

I’m curious what methods some of you are using to secure profitable short-term rentals with the inflated market values we are seeing today. 

My last str was in 2018 in western Carolina mon rains and was around 100/sq ft and now it’s 2 1/2 times this.

By the time you put 10% down and pay mortgage, utilities, insurance & taxes there is barely anything to nibble on.

I’ve looked at ltr properties and it’s even worse.

Would love some of your insights and how you all have approached this market!

Thank you in advance for your thoughts everyone…

[Joshua Strickland]

It's not sexy to hear, but put 20-25% down and you have a nice buffer if the market and/or rates fall. Typically lowers your CoC return but is safer and you'll sleep better at night. (Easier said than done though)