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We’re in the midst of the coronavirus crash and a lot of things are changing. Real estate investors are having to pivot into new markets or find new ways to position and use their existing investments.
Most people believe that short-term rentals are doomed at this time, but there are actually new opportunities that have emerged as a result of everyone being housebound.
Over the summer months, we’re going to see a rise in the demand for vacation rental properties. If you’re positioned correctly, both geographically and in your marketing, this could be a great opportunity.
In this episode, I’m joined by investor and business owner, Avery Carl who shares how she has implemented this strategy in her own business and how to successfully set it up.
Three Things You’ll Learn In This Episode
- How new opportunities in short-term rentals have emerged
Many people are so sick of being home and stuck indoors that they might consider socially distanced vacation rentals that are within driving distance. Investors who own properties like this can actually leverage it.
- The opportunities with vacation home rentals
Vacation rentals have their own special type of loan, where you only have to put down 10% instead of 20%. This allows you to invest in more expensive properties before turning them into short-term vacation rentals.
- Why coronavirus is impacting real estate deals
Because of all the uncertainty of the coronavirus crash, a lot of deals are falling through. Many people are backing away because they are scared during this time. It means we have to pivot and find new opportunities.
Avery Carl is a real estate agent and investor. She is the owner of The Short Term Shop and helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom.
For more information visit https://theshorttermshop.com/ and click on Schedule a Call.
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