All Forum Posts by: Russell Payne

@Melissa Wesling

Thanks Melissa. Any advice you have would be great. Good to know about your experiences. Us being in Los Angeles I’m sure short term rentals would be in high demand, just have to find the right property that would work!

@Joe Prillaman

Hey Joe. Thanks for the advice, we are in CA so saving as we currently moved into an apartment for rent. We will be out of our lease in September so planning for that with a duplex or triplex. Would definitely look at one for a LTR or STR depending on the location! But definitely need that first hand experience of being a landlord, helping fix things or just being familiar with how it goes!

@Stephen E.

Awesome advice Stephen! Very detailed and love your experiences. I’ve been doing good research and understanding a lot of successful short term rentals are unique living situations or in high tourist/busy areas which makes the house prices higher.

I love the idea of being able to do either STR or LTR with the same property if you ever want to switch.

Being in California I’ll have to start with 3-4 out of state properties and we plan on buying our own place locally in the next 1-2 years. But wanted to get into real estate investing before we get our own house. So a lot of questions I have to ask to get a gauge on everyone’s experiences.

@John Morgan

That’s all good info. Are your rentals close to you or out of town?

@John Morgan

Hey John. Really appreciate that. What do you think the key is to not hearing as much from long term tenants??

@Brandon Pace

That's good to know! I think STR's definitely harder to manage but out of town more difficult as well. Would love to know how it goes!

@Brandon Pace

Appreciate that insight. Which one do you find easier to manage?

@Terry Johnson

This is the best explanation I could have received! Thank you for that! It’s all long term for me. Learning, doing things right and growing around good people.

@Jesus Sosa

Got it. I hear your points. I’m trying to think about my experiences in short and long term as a renter.

@Mark DiPietro

Completely understand. You think changing interior design, pictures, layout, etc would change STR success? I know that off season in that area might be pretty difficult. Just trying to figure out all angles and hear everyone's advice.