Our first short term rental

[Liz Potemra]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $289,000
Cash invested: $100,000

Single family home on the Northern Neck - short term rental

What made you interested in investing in this type of deal?

Was in the family so had to buy out siblings and needed to rent out to cover the mortgage.

How did you finance this deal?

Conventional mortgage

How did you add value to the deal?

Learning experience with short term renting

What was the outcome?

working well!

Lessons learned? Challenges?

Always important to keep the guests happy. Need to be REALLY proactive on maintenance.