AirBnB vs Lomg Term Rental

[Bryant Payne]

Hello BP!

I live in Upstate Ny and just recently found the world of Real Estate Investing.

I am in the information gathering and analyzing stage of my Investment journey. I find myself being tugged in multiple directions as far as which strategy would work best for me. Most of my education has been geared towards long term rental investments and multi-family properties, but after my most recent vacation using Vrbo and AirBnb, my eyes were opened to the world of short term rental properties and the TREMENDOUS earning potential there.

My ultimate goal is Freedom; I have a 5 year old and every day I punch in at work is another day I miss with my pride and joy.

In your own opinions, where would be the best area for me to focus my attention, at least to start.

Should I keep plugging away at Long term rentals and solidify a portfolio before moving to short term?

Thank y’all in advance for your time and information!

[Paul Sandhu]

You can sort of do what I did with a few of my long term rentals. When the tenants move out, offer to buy their furniture, appliances and cooking utensils. Instant STR, and nobody has to move furniture and appliances.