Buying a short-term rental can be a great decision when trying to increase your cash flow. Short-term rental properties offer high revenue, medium maintenance, and allow you to buy that vacation home you’ve always wanted, but get paid for it! With that said, many short-term rental properties on the market have already been used as short-term rentals in the past and the sellers may try to persuade you into paying more.
Short-term rental veteran, Avery Carl, has been around the block dozens of times and knows exactly what does and does not add value to a property. For new investors, these things can seem like obvious benefits, but to those who are experienced, like Avery, these selling points are no more than good marketing to increase the price.
Have you bought a short-term rental before based on income or future reservations? If so, how did it work out? Let us know in the comments!
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Vacation Rental Market Analysis in 4 Simple Steps:
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The Short Term Shop and The Mortgage Shop from Avery Carl:
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00:00 What WON'T Add Value To Your STR?
00:29 You're Not Exactly "Buying the Business"
02:23 #1 Good Reviews
03:03 #2 Rental History
03:55 #3 Future Bookings
Buying a Short-Term Rental? Don't Fall for These "Value Adds"
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