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Updated over 2 years ago on . Most recent reply

User Stats

61
Posts
32
Votes
Leslie Villareal
  • Real Estate Broker
  • Albuquerque, NM
32
Votes |
61
Posts

LTR to STR

Leslie Villareal
  • Real Estate Broker
  • Albuquerque, NM
Posted

Investment Info:

Single-family residence other investment.

Cash invested: $16,000

We converted a long term rental into a short term rental. Cash invested went to furnishing, light renovation and landscaping

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

Looking to maximize our rental potential

How did you find this deal and how did you negotiate it?

We have owned this property as a long term rental for about 12 years and decided to furnish it and convert it to a short term rental

How did you add value to the deal?

Cash invested went towards light reno, furnishing and landscaping.

What was the outcome?

So far so good-- lots of weekend bookings and great reviews!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Leslie Villareal-- I am a Real Estate broker here.

business profile image
The VillaRealty Group- Leslie Villareal
5.0 stars
42 Reviews

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