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14 February 2025 | 25 replies
Central location works best like you want.
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6 February 2025 | 4 replies
Study what kind of properties sell, for how much, and what kind of tenants live there.Think with a 10year+ vision, but a decently sound property (not a 1900 single family conversion that is begging for a full gut rehab), and but in the RIGHT location.
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3 February 2025 | 4 replies
This is exactly what I do in different locations (glamping).
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3 February 2025 | 15 replies
Not fully rented, but in a highly desirable location?
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30 January 2025 | 3 replies
Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.
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12 February 2025 | 8 replies
If you're worried about finding tenants, focus on a location with strong rental demand, list rooms on platforms like Facebook Marketplace or Furnished Finder, and consider mid-term or short-term rentals if long-term tenants are hard to find.Good luck!
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15 February 2025 | 7 replies
You already decrease that ability by buying property in undesirable locations.
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15 February 2025 | 11 replies
Location and paying attention to Nathan's points above about the immediate area are more important.
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9 February 2025 | 12 replies
I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information.
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13 February 2025 | 12 replies
I'm located in Central VA, I think research on school districts/military areas and hospitals are a really good start when looking for a great area to invest.