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The WealthAbility Show #130 - Short-Term Rentals, Long-Term Wealth w/ Tim Hubbard

The WealthAbility Show #130 - Short-Term Rentals, Long-Term Wealth w/ Tim Hubbard

1/6/2023 9:00:00 AM   |   Comments: 0   |   Views: 49

Short-Term Rentals, Long-Term Wealth 


The WealthAbility Show #130: Have you tossed around the idea of adding short-term rental properties to your investment portfolio? They might seem too risky. The idea of managing them can see like more trouble than it’s worth. However, in just the last few years, many tools and systems have become available to help homeowners manage these aspects of short-term management. In this episode, Tim Hubbard joins Tom to discuss the ins and outs of short-term management, and what you can do to streamline your acquisition and management process.

 

Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

 

00:00 – Intro
02:51 – How much time and effort is required to manage a short term rental?
05:29 – How do we handle onsite issues when guests need help?
07:30 – How do we determine if a property is good for short term rental?
10:23 – What variables are used in determining the rental price?
13:10 – Who needs to be on our management team?
16:58 – How important are the ‘little things’ in short term rental management?
23:29 – Top 3 things to consider when deciding if you should enter the short-term rental market.

 

Looking for more on Tim Hubbard?
Website: www.restmethods.com
Podcast: Short Term Rental Riches

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/


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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

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