Feb 1, 2022
When most people new to the idea
of investing in short-term rentals think of a potential investment
they think about a Vacation Rental and NOT a
normal property that might also be an excellent STR.
If you’ve been tuning in to this show for while hopefully you’ve
recognized that there are all types of STRs and they call
can be successful investments.
Some, however, come with more risk. I’ve tended
to always recommend properties with good exit plans (that can be
easily rented long term if regulations change or occupancy is low;
not a normal characteristic of a LARGE vacation rental.
With
that said, I know lots of people want to go for the nice, chic,
luxury vacation rentals! So this week we’ll break down a few
principles you should follow to determine if your potential
vacation rental investment is going to be too
risky.
- Break even occupancy
- Net worth and investments
- Emergency funds
- Back up plans
- Age
You can check out Nassim’s book here on Amazon
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