Ep 16 - Short Term Rental VS Long Term Rental

<p>In this episode, We discuss the main advantages and disadvantages of short term rental and long term rental properties. We give both the pros and cons as well as our personal experience with the two different types of rental strategies.  </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">STR VS LTR <ul><li style="font-weight:400;">"Short term" could mean anything from day use to several months, opposed to a much longer term such as a year lease.</li> <li style="font-weight:400;">Vacation homes, subletting an apartment</li> </ul> </li> <li style="font-weight:400;">Advantages/Disadvantages of LTR: <ul><li style="font-weight:400;">Your income is consistent </li> <li style="font-weight:400;">Easier to manage (if applicable) </li> <li style="font-weight:400;">Tenants pay some or all utilities</li> <li style="font-weight:400;">Fewer maintenance concerns </li> <li style="font-weight:400;">Cheaper property management (if applicable)</li> <li style="font-weight:400;">Shorter vacancy periods</li> </ul> </li> <li style="font-weight:400;">Advantages/Disadvantages of STR <ul><li style="font-weight:400;">Higher income potential </li>