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General Real Estate Investing

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John Meyers
  • Real Estate Broker
  • Park Ridge, IL
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30
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Urban Short-Term Rentals Niche

John Meyers
  • Real Estate Broker
  • Park Ridge, IL
Posted May 28 2013, 16:03

My business partner and I are creating a real estate investment firm. -- Our niche will be acquiring Chicago properties to convert to short-term rentals.

We will acquire the properties under our LLC and keep them rented/managed efficiently (min 90% occupancy rate).

If managed properly, short-term rentals produce higher cash flow than traditional 12-month rentals. -- This higher cash flow easily covers the mortgage, taxes, and maintenance costs while providing a strong return on investment for investors (most important!).

Does anyone have tips or know of investors who would be interested in this type of investment opportunity?

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