In today’s PPhREI roundup, we learn how to choose a STR market, review the last 3 months of our real estate empire, and hear about a duplex purchase in Buffalo.
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Carpe Diem MD
In this post, Ian Cook discusses how to decide on a short term rental market. This is one of the most critical decisions you’ll make if you invest in short term rentals. Each market is very different from the other. They will have different regulations, different competition, and a different type of guest. So deciding on a market is very important. Check out the post below for some tips!
Read the post on the Carpe Diem MD blog: How to Choose Your STR Market (Airbnb/VRBO)
The Darwinian Doctor
This episode of Anno Darwinii summarized the last few months of activity in our real estate portfolio, with a focus on our short term rentals. The holiday months have been good to us, with higher demand and good occupancy. Despite a winter storm that rocked the US, we managed to keep our bookings for our Broken Bow cabin and our guests happy. This post highlights the high income potential of luxury short term rental, as these two properties outearned the rest of our portfolio combined.
Read the original post on the blog: Our Short Term Rental Gamble Pays Off | Anno Darwinii 3.5
The Prudent Plastic Surgeon
In this post, Jordan Frey pulls back the curtain on another of his real estate deals. He’s rapidly growing his real estate portfolio in Buffalo, NY and now has over a dozen units! This post outlines his 6th property acquisition. Despite a very challenging interest rate environment, his calculations predict a very impressive cash-on-cash. He also outlines how to transition old tenants out of a property to renovate properties and increase rents.
For me, this post also outlines the power of self-management. By cutting out property management (and buying right), Jordan and his wife are able to continue buying cash flowing properties even when others (like myself) have paused acquisition.
Read the original post on the Prudent Plastic Surgeon blog: Insider Look: Deal Analysis of Rental Property #6
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