Have you ever wondered what it takes to own and operate and Air Bnb or short term rental? You may think it’s unattainable to ever create passive income operating. On this episode of the Nashville Investors Podcast, Michael Gomez returns to present Short Term Rental Investing 2.0. Michael refreshes concepts and presents updates such as:
- The legal definition of a short term rental
- Why you should invest in short term rentals
- Best practices for evaluating and purchasing properties
- Real world case study
- And more
Finally, Michael invites two different property managers to share their extensive knowledge on partnering with the right management company.
If you’re looking to understand short term rentals and how they can provide a high cash flow asset addition to your investment portfolio, this episode is for you!
Quotable moments from this episode:
“The use of short term rentals has grown exponentially in the last few years, with global sales projected to reach $132.5 billion by 2022, nearly triple what they were in 2012.” The Chattanooga Times
(on the importance of a great property manager) “At the end of the day, short terms rentals, it is a review driven business. You really want to get the best reviews you can.”
Resources mentioned in this episode:
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Tom Laune – Stress Free Planning
Chris Picciurro – Integrated CPA
Billy Brown – Real Estate Lender
Eric Stewart – Insurance Agency
Dave Ganatra – House On The Rock Home Inspections
Laura Perry – Homeland Title