148. Short term rentals are LESS RISKY than long term rentals

One of the first things most people think of when they think of renting their property on Airbnb is "Someone is going to destroy it!"Yes, this is possible but it's very unlikely. The truth is, I actually think that long term rentals can be much more risky than short term rentals. I'll explain shortly. I've been investing for over 12 years and throughout the years I have not been particularly biased towards any one specific type of real estate to invest in. I started my career as a commercial real estate broker working exclusively with investors and different real estate investment options.  The small team I worked with completed over 2 billion (with a B) in real estate transactions including everything from shopping centers, to warehouses, to apartment buildings. There are many, many different niches of real estate to invest in and we can take it one step further. Within each "sector" of real estate lies even more sub-niches. Short term rentals are just one sub-niche of the residential housing sector.  You may say… hey Tim… short-term rentals are part of the hospitality sector! They are for vacations! But the fact is, people are living in short-term rentals now. So which type of real estate is the best to invest in? Short answer; it depends. It depends on your risk profile and what your experience is But to make things simple, this week we will break down and compare just two different niches: Short-term rentals vs. Long Term rentals. I own both and continue to invest in both so feel that I can provide you some great insight in this week's podcast. Let's discuss the pros and cons between the two including:  Recap from 8 days with some of the smartest RE investors I know STR vs. LT rental risks Subtle advantages of STR (you probably haven't though of) Scaling - which is easier Future outlook for both