With more flexibility to work from home, we’re all excited for get-aways that give a home-away-from-home vibe. Ain’t we?
Travel demand is higher than ever, hence the short-term rental business is red hot right now!
Investing in STRs has proven to be one of the most lucrative investments you can buy. It’s because of the many tax benefits and the ability to provide steady cash flow.
Short-term rentals provide you a long list of benefits. Here are just a few of them:
1. Higher Earnings
Short term rentals have the potential to generate 70% or higher revenue than long-term rentals.
STRs bring in more income than your typical yearly leases.
2. Flexibility
You have complete control over the calendar and when you want to offer your rental. You can block off the calendar, adjust the prices so it’s more competitive.
Best part? Most people enjoy the flexibility of dealing with a homeowner versus a hotel manager.
3. Appreciation
Beyond the monthly cash flow, your property will be appreciating in value year after year. The longer you hold on to your rental property, the more it will be worth when you decide to sell.
Remember: real estate does not go down in value.
4. Accessibility
You can build wealth much faster when you know how to wisely leverage debt in a profitable way!
Unlike other investments, you can take out a loan to purchase the property, and use borrowed money to bring in more income.
5. Tax Benefits
Short-term rentals have a whole slew of tax advantages that make them very appealing!
For one, the interest paid on the loan we just discussed is a tax write-off, not to mention all the other deductions for maintenance, marketing, insurance etc & take deduction for depreciation on the property.
Wondering how will you manage it? You don’t have to!
With reAlpha, it’s a BIG NO. We will manage the investment from top to bottom.
We’re in it together! 🤝
