All Forum Posts by: Ilgaz Arikan

@William Collins thanks for your thoughtful reply. Based on these responses, I am understanding that the management of a STR is a serious time commitment/should not be underestimated. In terms of my realistic personal bandwidth over the next 3-5 years, LTR may be a better fit for my lifestyle. I work a fairly demanding W2 and will continue to do so in the near term, so I think LTR is the way to go as it is more passive. STRs just look so attractive based on those numbers...

Thanks everyone for the thoughtful responses and ideas. It is inspiring to hear others are doing this in CT, but it seems the location is super important and property management/processes need to be thought through. I am still in the learning process, so your insights are super helpful. I appreciate the welcome and support from the community.

Hi everyone,

I am a new investor interested in multifamily investment opportunities in CT (looking at New Haven and New London right now). I have a day job as a strategy consultant and live in NYC, so I'm looking at markets that are more affordable than Manhattan. 

I'm curious about both STR and long term rental properties. Is there a general consensus on STR vs long term rentals for first time investors? Is the learning curve steep for STR as a first property in terms of property management? How do you decide between doing STR vs long term? Would it make sense to use a multi-family to have both long and short term tenants in different units? I see some crazy numbers on AirDNA - is that an accurate gage of revenue potential?

I would love to connect with anyone thinking about similar investment strategies, realtors, or experts in the area.

Thank you and looking forward to connecting!

Ilgaz