Short-Term Vacation Rentals? – Episode 412

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

Lately we’ve had an influx of questions about short-term rentals like Airbnb, VRBO, and HomeAway. This idea is attractive for many people, because there’s certainly the potential to make a lot of income in a short period of time.

And since Natali and I have personal experience renting out our vacation home, we thought we’d share our opinions on what it takes to successfully become a short term-rental host! You’ll learn about insurance costs, tax advantages, and why it’s so important to do your homework before diving into the world of short-term rentals.

On this episode you’ll learn:

• How the correct infrastructure can help you with short-term rentals.

• What you need to know about HOAs.

• How our insurance bill was affected by becoming Airbnb hosts.

• Why you need to consider correspondence.

• What happened when we ran the numbers on our rental.

• The tax advantage of renting short-term

• The book you need to read before getting a short-term rental.

• And much more!

Episode Resources
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The Loopholes of Real Estate by Garrett Sutton
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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.