Doctors Building Wealth

Why We Created a Short-Term Rental Course


Listen Later

Short-term rentals (STRs), also known as Airbnbs or vacation rentals have become increasingly popular over the last few years. This interest spiked during the COVID pandemic, and despite a recent slowdown, interest continues to be strong in the post-COVID era.

We have seen the same trend in our groups. Three years ago, very few in our community were talking about STRs. Now, we see the vast majority are planning to add at least one STR to their portfolio over the next few years. Why such a high, almost frenzied level of interest?

One reason is the potential for high cashflow. It’s not unusual for a single STR to cashflow $50,000 to $100,000 when you self-manage.

Short-term rentals also give high-income professionals a way to shelter their income while continuing to work full-time. Real estate professional status requires that you spend more time in real estate than your current profession, so it is not an option for those who choose to work full-time. These are just a few of the many reasons why so many high-income professionals are investing in STRs.

With so many great benefits, it’s not hard to see why there’s so much interest in short-term rentals. However, when it comes to investing, you can’t just focus on the upsides, you HAVE TO carefully think through the downsides. Otherwise, there’s a considerable risk that you lose money! This is one of the main reasons we created our course, Accelerating Wealth. We wanted to ensure that members of our community limit their mistakes and avoid falling into the common short-term rental traps.

If you want to learn more about the course and how it can help you accelerate your wealth, be sure to

READY FOR REAL ESTATE SUCCESS? Book your call HERE for your next move.


RESOURCES + LINKS
Work w/ SRMD: HERE
Join our FREE Facebook Groups: HERE

FOLLOW + CONNECT
Connect with SRMD: Website | Instagram | Facebook

Liked this episode? Share it on social and tag me @semiretiredmd

Love the show? Leave a 5-star review and let me know!

...more
View all episodesView all episodes
Download on the App Store

Doctors Building WealthBy Leti and Kenji

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

94 ratings


More shows like Doctors Building Wealth

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,727 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

829 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

424 Listeners

White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

White Coat Investor Podcast

2,438 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

513 Listeners

Real Estate Investing with Coach Carson by Chad Coach Carson

Real Estate Investing with Coach Carson

616 Listeners

Money Meets Medicine by Doctor Podcast Network, Jimmy Turner MD

Money Meets Medicine

225 Listeners

The Passive Income MD Podcast by Peter Kim, MD

The Passive Income MD Podcast

278 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,830 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

325 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

135 Listeners

On The Market by BiggerPockets

On The Market

895 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

851 Listeners

The David Greene Show by David Greene

The David Greene Show

705 Listeners