Business
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, as Michael invites two different property managers to share their extensive knowledge on picking and 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: www.nastra.org www.vacasa.com www.mcswainmanagement.com We want to hear from you! If you're loving our content, hit the thumbs up button, click subscribe and write us a review! For more information about our FREE monthly meetup head over to the Music and Money website https://mminvestorsgroup.com/ Connect with us on Facebook! Thanks to all of our sponsors! 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