vacation rentals and why they are better
Just wondering if anyone is involved in short term rentals and what's everyones opinion on them. I know there have been a few podcast on them just looking for more opinions before i get started.
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I have both LTRs and STRs and agree with the information given above. Reach out if you'd like to discuss further.
Many times if an investor wants to purchase a short-term rental property in a vacation market, their goal is to earn income, but also have a property for their own use in a place they would like to visit and/or build equity on a property they would like to retire in someday.
When wondering if a short-term vacation rental is a good investment for you, first decide if any of these items meet your investment goals:
- Is it your dream to own a property in a vacation destination?
- Are you seeking a particular return on your investment?
- Do you want to diversify your portfolio with a home that will appreciate in value?
- Are you looking for an investment vehicle that offers tax advantages?