My verdict after 2 years- Short term rental vs long term rental vs more traditional investments

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Not at all financial advice or tax advice (or any advice, really). Just how I evaluate these options myself, and how they've done for me as a very part time real estate investor.
OTHER VIDEOS MENTIONED:
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STR LINKS:
Airbnb with me and my husband as your ambassadors - www.airbnb.com/r/mpatel207
Short term rental calculator (free): lydiapatel.ck.page/calculator
Setup guide downloadable (free): lydiapatel.ck.page/372ad21eac
SOFTWARES/SERVICES:
AirDNA: airdna.grsm.io/l9vq3854x0eh
Novo: novo.pxf.io/6ePnmE
Baselane $150 signup bonus with link: baselaneaffiliateprogram.pxf....
Stessa: stessa.sjv.io/6eGQxb
Amex BBP (15K bonus on just $3000 spend) americanexpress.com/en-us/ref...
Chase business ink: www.referyourchasecard.com/21...
Insurance: lydiapatel.steadilypartner.com
Northwest Agent discounted rate at $39 per LLC with link: shrsl.com/4869z
BluDot: my bookcase behind me, and every sleek modern thing I own - bludot.pxf.io/c/4245172/18597...
Business inquiries: hello@lydiapatel.com
IG: ‪@lydiapatelll‬
Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income is how I get to keep all the resources free for a greater number of people, instead of selling them as ebooks and paid content. :-) All of the products I recommend have been fully tested by me, and I seek out affiliate links only after I’ve verified I would recommend these to you. Thank you everyone for your generous support!
#realestateinvesting #financialfreedom #investingforbeginners

Опубликовано:

7 май 2024

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Комментарии : 24

@padhatam Месяц назад

We also have both STR and LTR and one advantage for me of the STR is that it’s just more fun to design and manage it than the LTR and both are more interesting than our stocks. That may be a drawback for anyone who just wants to collect checks though. Also luck plays a role since our LTR has had so many more maintenance issues than the STR.

@lydiapatelll Месяц назад

So true!

@rayluu6362 Месяц назад

Thank you Lydia for the wonderful content. I love how specific and actionable your advices are.

@nateums Месяц назад

this is super useful! thank you!

@luzerribarren1268 Месяц назад

Great information.

@Maxrotor1 Месяц назад

Great video. I purchased 2 identical homes in the same neighborhood and turned one into a LTR and the other into a STR. Your analysis is spot on. I make more on the STR, but the LTR offers fewer headaches. As I move to retirement, I like the passive nature and predictability of the LTR.

@photoaddiktt7633 Месяц назад

Excellent take on compatison between various options 🙌 Superb informative for those are venturing into the rental business 👍 And when your video is based on your experience, it makes a lot of sense as well 🙏🙏🙏

@lydiapatelll Месяц назад

Thanks!

@erikstewart9166 Месяц назад

I'm a North Dakota neighbor! STRs are nice because they allow me to BRRRR more houses. Since real estate is my full time thing, stock market doesn’t come close. One thing I'll add is systems. Many things are time intensive to start, until you get systems in place, then your time and expenses are greatly reduced. This applies to folks that accumulate more than just one or two tho. Gotta treat it like a business. So much nuance you could dive deep into, but this is a great surface level discussion! Love your videos!

@lydiapatelll Месяц назад

Hi neighbor! Great perspective of how things can look as skills level up and systems are built. So true about treating it like a business.

@wzeng02 Месяц назад

Thank you for sharing your investment details. As a long term investor and operator and owes around 20 units, I am always curious about short-term Airbnb. Your first beach house appreciation is a lot (over $200k). Thanks for sharing. Keep up the good work.

@Craftydoki 2 дня назад

I am with you. the important thing is to diversify. I started with the market index fund and long-term rental soon followed. I am now considering a short-term rental out of state but is concerned about the headache of managing it remotely. would love to hear how you do that without hiring a property manager. Thanks

@lydiapatelll День назад

This video is a bit older, probably due for an update! Thanks so much for the idea. Remotely operating my Airbnb - What apps do I use and why I like them ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-TlHWakIadas.html

@nicolescarlett4618 Месяц назад

Hi lydia, thank you for making the content you do. I want to ask if you have knowledge on rent to rent airbnb?

@lydiapatelll Месяц назад

As in rental arbitrage? I’m not a fan of the strategy for myself so don’t have experience doing it

@asylzhanyerzhanov3113 Месяц назад

Hello, very nice videos and channel, thank you very much! I am writing from Kazakhstan. What applications do you recommend to avoid overbooking and communicate with the cleaning team? so that they receive an automatic message about what time and what needs to be cleaned?

@lydiapatelll Месяц назад

Full list here Step-by-step guide ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-TXmRiIwJXjI.html

@sou6201 Месяц назад

Just bought a property and closing in 2 weeks. I still can't make up my mind on short or long term. I'm willing to put in time and accept the extra headache for more cashflow since this is my first investment property i just don't want to fail. The question is, how do i realistically analyze the str income for my property or doni take the safe route and put this in ltr?

@lydiapatelll Месяц назад

I have my calculator in description to help. Link to AirDNA above as well. If still questions send me a DM on insta or email me

@aqarstays Месяц назад

Reasonable analysis, but not much from an investor point

@lydiapatelll Месяц назад

Feel free to add your investor perspective here!

@kristennegrotti7354 Месяц назад

How is your cash flow in your STRs vs LTRs?

@lydiapatelll Месяц назад

Same absolute number so better cash on cash return (%wise) for LTR Felt it’s more a result of different markets (high appreciation low cash flow market of my STR, vs opposite for LTR market)