Financially independent investor Zeona McIntyre has experimented with various real estate strategies.
There's a trade-off, though: While managing a long-term rental is more passive than running Airbnb units,"they don't do great cash flow," she explained. That's when she decided to test out mid-term rentals, which she'd heard about through one of her friends who was doing it and catering specifically to travel nurses.
," to help other investors find and operate mid-term rentals."My bread-and-butter is these mid-term rentals. I want a longer tenant in there and I don't want to have to think about it for three months."1. They offer generous cash flow for relatively passive work Whereas, with mid-term stays,"if you don't hear from the person in the first few days while they're learning the home, you may not hear from them for three months," she said. Of course, a long-term tenant is likely going to be the least amount of work but, if you go that route, you might sacrifice cash flow.
"Mid-term is this little sweet spot where it's not as much work as a short-term rental," she said."But you still get a healthy amount of cash flow."A mid-term rental is much simpler to run than a short-term rental on various levels.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Real-Estate Investor Dealt With Drug-Dealing Tenant, FloodingA real-estate investor with 150 units says he almost quit after problems like termites, flooding, and tenants selling drugs. He shares 4 tips for overcoming them — and why investing is still '100%' worth it.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How one investor used Airbnb to start investing in real estateA property investor in Boulder who went from a college student with zero savings to financially independent explains how she used Airbnb as 'real-estate training wheels' to get started
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a father-son duo built 2 vacation homes on an island in Australia that rent for $6,200 a nightA father-son duo built 2 vacation homes on a remote Australian island that rent for $6,200 a night — and Chris Hemsworth was their first guest
Source: BusinessInsider - 🏆 729. / 51 Read more »