In today’s PPhREI Network Roundup, read tips on furnishing your short term rental, the benefits of partial financial freedom, and how to renovate and rent your investment property.
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Carpe Diem MD
OK, you’ve bought a short term rental to access the incredible tax deductions and cash flow that STRs can offer. If it’s a new build or just a house that’s coming unfurnished, you’ve got your work cut out for you. And if interior design isn’t a natural talent, you might find this task really intimidating.
In this post below, Ian Cook at Carpe Diem MD offers a few different options to help you in this task. He goes over some local options to source furniture, as well as another option for which I’ve heard a lot of positive feedback: Wayfair Professional.
I’d like to mention another option not included in this post: hiring an interior designer. For our short term rental in Palm Springs, which recently hit the rental market, we used a virtual interior designer named Trisha from Extra Nest. The home turned out spectacularly, (it’s featured on her website) and she made the whole process incredibly easy.
Another note is that these tips can be equally applicable to furnishing your primary home!
Read the original post on the Carpe Diem MD blog: How to Furnish your Short-term Rental… A Wayfair Professional Review
The Darwinian Doctor
This past week on the blog, I reflected on the concept of partial financial freedom. This “in-between” state is not quite full financial freedom, but still offers some incredible benefits like new skills and options. I put this in the context of our recent move to Memphis, TN, which I predict will move us even closer to that elusive goal.
Read the original post on the Darwinian Doctor blog: Partial Financial Freedom is Awesome Too!
The Prudent Plastic Surgeon
In this post, Jordan Frey offers up some practical advice on how to move from a real estate investment purchase to getting the property on the market. The steps that he reviews are the purchase, renovation, and how to get the property on the market.
Read the original post on the Prudent Plastic Surgeon blog: Buying, Renovating, and Renting Out an Investment Property
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