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9 February 2025 | 33 replies
Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!
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2 February 2025 | 9 replies
There’s a strong demand from investors who specifically seek Section 8 properties for their reliability, so it can make the listing more attractive to the right audience.That said, managing Section 8 properties isn’t completely hands-off.
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8 February 2025 | 3 replies
I agree, I think elected officials will probably make a lot of mistakes, demand will continue to rise.
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16 February 2025 | 22 replies
@Jayme B.One thing to keep in mind is the shifting supply and demand trends for STRs.
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14 February 2025 | 5 replies
Numbers might look good on paper but some pockets do not have the rental demand compared to other areas.
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23 February 2025 | 25 replies
Personally, I'm fine with it but I'm not very demanding for a sofa so it means little.
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13 February 2025 | 35 replies
-Looking at landlord-friendly states with strong rental demand.
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22 February 2025 | 6 replies
Consider the property prices, potential for appreciation, and long-term rental demand in both areas.
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17 February 2025 | 8 replies
If they’re open to living elsewhere, keeping the property as a short-term rental seems like the more profitable long-term play.If you’re enjoying the self-management and the demand remains strong, I’d lean toward keeping this property as an STR and exploring ways to add another.