Los Angeles, CA · Member since 2017 · 37 posts · 9 votes
Hello
I am acquiring multiple no-vacation single family homes in non-vacation/touristic markets, mostly in the Midwest and Southeast (Dayton Oh, Winston Salem NC). The homes that I an acquiring are in the 3-4 bed and 1,200-1,600 sq ft range. Would these type of properties make a good short term rental portfolio?
My main business in long term rentals, and I dont invest in vacation homes, but would be open to furnish and rent them as short term rentals since if something would happen I could easily pivot back to rent them as a long term rentals and cashflow unlike expensive vacation homes.
Is there a shortage of STRs in that area? What businesses are there that might need short term housing other than vacations? Be creative like @Paul Sandhu and you can still make a lot of money from STRs not in vacation areas.
@Paul Sandhu why? short term rentals are not only vacation homes, nurses, workers, consultants, family, etc. all use short term rentals in traditionally non vacation markets
@Paul Sandhu why? short term rentals are not only vacation homes, nurses, workers, consultants, family, etc. all use short term rentals in traditionally non vacation markets
Maybe so, but a true vacation rental in a tourist area is going to do better than in an area where you best bet is to get a traveling nurse for a few months.
yes. but my main business is to buy cashflowinf SFR between $120-160k and use the brrrr method. STR is just a method to increase cashflow, and if something happened i could return to long term rental.