Short Term Rentals Market Data

[Hersh Shah]

Hey everyone! My wife and I are researching more and more about STRs to determine if it is a viable pillar in our overall investment strategy.

We’ve only focused on and building a long term rental portfolio, however we want to explore if STRs are sustainable enough to slowly build that portfolio in addition to long term rentals.

What tools, systems and processes do you use:

To find comparable properties?

To run the numbers to ensure it makes sense?

To make it a smoother turnover from guest to guest?

To make it as hands off and passive as possible?

In addition to that, how are you financing them to optimize cashflow?

Thanks in advance everyone!