All Forum Posts by: Mackaylee Beach

Congratulations on looking into starting your short term rental business! This is an exciting step towards building a rewarding and dynamic venture. As you dive into this new endeavor, remember that success in the short-term rental market hinges on both creativity and diligence.

First, consider what makes your property unique and how you can highlight these features to attract guests. Whether it's a stunning view, proximity to local attractions, or a cozy interior, emphasizing your property's strengths is key.

Think about your target audience. Are you catering to families on vacation, business travelers, or perhaps solo adventurers? Tailoring your amenities to suit your ideal guests can enhance their experience and increase your bookings.

Don't forget about the power of online presence. High-quality photos and compelling descriptions on your listing can make a significant difference. Additionally, encourage satisfied guests to leave positive reviews, as these can greatly influence future travelers' decisions.

Remember, the journey to a successful short-term rental business is one filled with learning and growth. Embrace the challenges and celebrate your achievements along the way. Here's to your success and many happy guests!

It sounds like you're on a thoughtful journey toward financial independence and exploring real estate investment as a path to achieve your goals. Both BRRRR and house hacking are excellent strategies, each with its unique advantages.

BRRRR is a solid approach if you're looking to build a portfolio quickly. It allows you to recycle your capital and scale up your investments, but it does require careful planning and execution, especially in terms of finding undervalued properties and managing renovations effectively.

House hacking, on the other hand, can be a more gradual way to ease into real estate investing. By living in one unit and renting out others, you can reduce your living expenses and gain valuable landlord experience with less initial stress. This strategy often provides more steady, if slower, growth, and can be very rewarding over time.

Flipping can indeed be a great way to build capital quickly, though it comes with its own set of challenges, such as market fluctuations and the need for quick sales to realize profits. It can be riskier than other strategies, but if done right, it might provide the funds needed to support your BRRRR or house hacking ventures.

Remember, each step you take is progress, and being flexible with your plans while staying focused on your end goals will serve you well on this journey. Best of luck!

While such a change could initially appear to reduce demand, the underlying need for affordable housing is unlikely to diminish. The introduction of a time limit might encourage some recipients to seek alternative housing solutions sooner, but it could also lead to increased demand for affordable housing options outside of section 8 programs.

Investing in lower-priced houses could still be a sound strategy, as the demand for affordable housing persists across various demographics, including those not eligible for section 8 assistance. Additionally, properties that cater to affordability may attract a broader range of tenants, including those seeking temporary residence or individuals transitioning between housing situations.

Moreover, the market for affordable housing tends to be more resilient during economic downturns, providing a stable investment option. However, it's crucial for investors to stay informed about policy changes and market trends to make well-informed decisions. Balancing potential risks with market needs could lead to successful outcomes in the long term.

What are your overall financial goals?

I may not be very familiar with the Ohio market, but I would be thrilled to connect if you ever think about exploring the Kansas City market. The city is growing quickly and offers excellent investment opportunities.

With over 10 years of experience collaborating with investors and helping them find properties that align with their financial goals, I would love to connect and discuss the Kansas City market.

@Graham Kim I think it depends on your expectations of cash flow, your time available, and the market you feel comfortable with. 

@Matthew Bonaski I've been in the Kansas City market over 10 years providing cash-flowing properties to investors like yourself.  Let's connect.

INNAGO - This platform not only enables you to screen applicants but also allows you to market properties, accept monthly payments, and manage maintenance requests. It's user-friendly and helps you stay organized effectively.

INNAGO - It's easy to navigate and an excellent platform for multitasking while staying organized.