Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.

Keeping them distinct is a strategy for both tax efficiency and asset protection.

While establishing distinct legal entities is a good first step in shielding assets from potential liabilities, this protection can be easily undermined by commingling funds.Commingling creates a significant vulnerability in an asset protection strategy.

The key is that before the property is available for rent, it’s not yet “in service,” so technically, the personal vs. rental day distinction doesn’t apply yet.

I have done several over the years that fall into 2 distinct categories:-On own land with permanent foundation that have never been moved therefore eligible to be sold via FHA financing.

It wouldnt surprise me if the low downpayment segment of that group, including those using occupancy fraud, is hardest hit.

🙏 I truly appreciate you breaking down the nuances of short-term rental depreciation and the distinction between active vs. passive investment.

I think there is an important distinction to make between whether or not Airbnb is profitable vs whether or not it is hard to set up.

What I am seeing is also a trend that larger portfolios tend to be more disciplined about rent increases.Only 31% of landlords with up to 12 units are planning to increase rents on "most of their units".Owners of more than 50 units are more than twice as likely (72%) to increase "most of their units" compared to smaller landlords.The middle mom-and pop segment with 12-50 units is actually the most likely to increase rents!

Sit back and grab some popcorn.I will chop this up into smaller segments, so each one isn't too long of a read and has a central theme.Both Retiring and doing Self Storage, we hit the mark where we both had the funding and the time to invest overseas.