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Why We Sold Our Short-Term Rentals and Switched All Our Focus to Long-Term Rentals
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In today’s episode of The Wealth Blueprint, Palak shares a significant decision she and her partner Niti have made in their real estate investment strategy.
As active investors, they are in the trenches with you, trying new things and reporting back what works and what doesn’t work. They have decided to focus entirely on long-term rentals, after years of owning and managing short term rentals.
Palak shares the reasons behind this decision, the challenges faced with short-term rentals, and the numerous benefits discovered with long-term rentals.
Whether you're an experienced investor or just starting, this episode provides you with valuable insights into the pros and cons of both investment strategies and helps you make informed decisions for your real estate journey.
In This Episode
- 0:20 Introduction
- 2:09 Challenges with short-term rentals
- 2:20 Higher Vacancy Periods
- 3:02 Increased Maintenance Costs
- 4:00 Advantages of Long-Term Rentals
- 4:40 Lower Vacancy rates
- 5:50 Lower Mortgage and Maintenance Cost
- 6:20 Hotels are Making a Comeback
- 7:10 Airbnb Hosts are Making Less
- 8:40 Long-Term Rentals are Relatively Passive
- 10:17 Property Management Rates
Resources:
- Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K
- Book a call - http://www.openspaceswomen.com/bookacall
- FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
Connect with Palak and Niti
- Website: https://www.openspaceswomen.com/
- Instagram: https://www.instagram.com/openspaceswomen/
- Facebook: https://www.facebook.com/openspaceswomen
- LinkedIn: https://www.linkedin.com/company/openspacescapital/
- YouTube: https://youtube.com/@openspaces1251
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