Learned my lesson when I offloaded all my rentals between 2017 and 2018, moving into private placements and syndications for better scale and asset protection.Oh, and there's someone else on this forum asking similar questions.

Considering your long-term goals, multifamily properties may be a better fit due to their potential for diversification, higher income and economies of scale.

Hey all, What would you consider are the MUST have tools to scale a STR business? 

I agree with @Jordan Moorhead, cash is going to be very important as you scale.

I feel like I can scale a little faster eventually down the road vs single family.thoughts?

I would invest back into what is already in your portfolio before trying to scale, try out luxury/unique on something you already own/manage and see what it does for numbers. 

Quote from @Tony Pellettieri: Quote from @Arthur Schwartz: Consider bringing in a new partner to help with funding, and offer them a guaranteed return or a percent ownership We just entered into a JV with a new partner, and I believe this is the strategy we are going to utilize that will be the most cost effective and mutually beneficial for all parties. this is my business model  we come in as JV and help folks like you scale.. it works great for the right circumstances. 

I know this is BP but if you can run a business that well and grow revenue consistently; I would think about scaling your service biz to provide the freedom you and your spouse desire.   

I'm just wondering how do you SCALE without buying on the good old fashioned 70% rule/MAO? 

Hey BP community, looking for some advice on how to scale my portfolio.