Hey @Dan Miles - Manage strictly to the terms of the lease.

Looking to buy and manage a short-term rental in East Boston or South Boston?

I have some specific questions for an active long-term investor in this area.

Longer term older tenants who are constantly on time for the most part.

Hi Jacklyn, I'm a VT realtor (though I focus on northern VT), and also on the board of the VT short-term rental alliance (VTSTRA).

Their policies are full of legal and industry terms that can be difficult for the layperson to interpret correctly.

I was wondering if anyone in Georgia has worked with a good agent that has extensive knowledge of the investment market for short term rentals. 

Either way, buy and hold is a long term play and it’s not going to throw off lots of cash in the short term.

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.

It’s still up-and-coming, so there are some rough spots, but it could be a solid long-term play.