Why they could be the solution to your investment goals.
Long-term vs. Short-term, that is the question. If you already run a long-term rental (I define as a property with 6-month leases or longer), then you know that vetting tenants, collecting rents, and maintaining the property are your main tasks, and also your main source of frustration. But it is relatively steady and safe as a passive income stream if you are lucky enough to snag the good tenants.
If you’ve thought about using Short-term rental platforms, like AirBnb or VRBO, but get nervous thinking about what it’s like to have frequent guests, I don’t blame you. There are also a multitude of questions that go along with how you even set one of these up. What are you sunk costs going to be? Does the math even work? How do I maintain a calendar? Am I really going to have to interact with people every single day? My point is that it can be overwhelming.
Neither solution for maximizing your investment fits all properties. That’s why I am here to help. I can walk through options, review the numbers, and if we decide it’s a good fit, we can talk how to structure our partnership. I have done everything from straight 50/50 partners, where we are equally invested, to no ownership on my part, simply managing the property for a fee. What we decide is largely up to you, but at the end of it, there is no additional work for my partners.
I have automated and streamlined all processes involved in renting properties out on a short-term basis. I use all of the latest tools to market, price, and track performance. Your property will be set up and run with care and diligence to make sure we are providing exceptional stays for guests that drive additional business. With your property on this platform, you don’t have any work to do, it’s all taken care of for you.
Again, not every property is suited for the STR game, but if it is, the rewards can be outstanding. Let’s talk about whether yours can be next.