There are many different factors involved when it comes to short term real estate investing. One key thing to consider before making any major decisions is to know your end goal. As Stephen Covey says in his book 7 Habits of Highly Effective People –… Read More »Tip #05: Know Your Short Term Real Estate Investing Goals
Short-term rentals are a unique type of industry and they have a specific clientele that is different from hotel guests or traditional renters. In short-term rentals, your targeted guest profile will be transient guests who typically stay for short periods of time and have a… Read More »Short Term Rental Tip #02 – Know Your Targeted Guest Profile
The short-term rental market is booming right now, so you need to understand how it works before investing in an investment property. First, short-term rentals or STRs are not hotels. With short-term properties, there are no long-term leases and guests come and go as they… Read More »Tip #01: Understand the Short-term Real Estate Market
Lately, I’ve been researching Bitcoin and the more I dig the more it makes me question what financial independence (FI) really is. It’s a question that is only made possible in our new world of digital currency. The truth is that today we don’t need… Read More »Does True Financial Independence Require Bitcoin?
Here are the short-term rental financials for my short-term rentals this month. Report Information The reports for income used in my short-term rental financials are generated in OwnerRez and I manually add the expenses that are not deducted in OwnerRez. So the “Total” income column… Read More »Sept 2021 – Short-term Rental Financials
How does investing in real estate aid early retirement? Thinking about early retirement? Well, if so, you may have seen tons of information about investing in the stock market, specifically index funds or exchange-traded funds. But are there other ways you can put your excess… Read More »Investing in Real Estate for Early Retirement
If you’re looking for a business partner in the short-term and vacation rental space the 800lb gorilla is Airbnb. Many homeowners and entrepreneurs use the platform to either make extra cash flow or scale their real estate business. Airbnb has made it easy for hosts… Read More »Is Airbnb your STR business partner?
The August numbers are in. Here’s a breakdown of my short term rental financials for two of the short-term rentals I currently have online. Short Term Rental Financials Summary As you can see by the numbers p1425 was not great. Yes, there was some profit… Read More »August 2021 – Short Term Rental Financials
Have you ever thought about doing something and found yourself running through a minefield of so much stuff that you did nothing but waste time? Yeah, I could overthink things to the detriment of taking action. What can I say, I’m human. But I’ve gotten… Read More »Are you overthinking FIRE?
It’s fine to work hard for money. For most people, this is where the journey begins. But don’t go into it with the wrong mindset. You should work hard but also work smart. Make money then invest it wisely. Be diligent about keeping as much… Read More »Is your money working harder than you?