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38
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37
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Steven Scheetz
  • Flipper/Rehabber
  • Reno, NV
37
Votes |
38
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Selling Property Perfect for Short Term Rental

Steven Scheetz
  • Flipper/Rehabber
  • Reno, NV
Posted

So I am selling my rental. I recently renovated it, and it looks better than most of the comps in my price range. I reduced the price, but it seems like the RETAIL real estate market is slowing, and I've dropped my price to as low as I can afford to drop it. So as an alternative, I'm considering pivoting to a short-term rental, but I'm also realistic that I don't have the time to manage an STR, nor do I know enough to determine if net of management fees and other fees and utilities, whether it's actually a viable strategy, even if I wanted to hire it out. Please help!

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2,139
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1,419
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Mike Grudzien
#3 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
1,419
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2,139
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Mike Grudzien
#3 Short-Term & Vacation Rental Discussions Contributor
  • Lender
  • Eugene, OR
Replied

I wish I had a better answer, but there is a current trend to the bottom with STRs (some markets are exceptions).  With inflation and tariffs, travel is down.

  • Mike Grudzien
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