Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Paul SandhuPoster#4 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
- 4,191
- Votes |
- 4,508
- Posts
Have you ever recouped your STRs cost with a single rental?
I've done it twice. The first time was with a 3 story house that I rented to a group of 11 pipefitters for about 3 months. It was a bank repo, so the purchase price was fairly low. This was about 8 years ago.
Late in 2018 was the last foreclosure we bought. Started renting it out in the spring of 2019. One guy stayed a week. The next group took the place in April and they've been in the house ever since. It was some time in November when the total rent collected from the 2nd group exceeded the purchase price of the house. They go home on the weekends, it's not their primary residence.