S3E139 - STR vs MTR Rentals - Profit, Risk and Financials

Joseph discussed the profitability differences between short-term rentals (STR), mid-term rentals (MTR), and long-term rentals, highlighting that STRs are more profitable due to nightly rates compared to monthly flat fees. He emphasized the importance of factoring in operating costs like housekeeping, utilities, and furnishing, noting that STRs can have higher costs.Joseph also expressed concerns about market trends, regulatory changes, and the lack of control over lease terms, particularly in the Northeast. He concluded by mentioning financing challenges and opportunities, emphasizing the role of appraisals in deal success.Contact Our Sponsors=================Perkitech - https://perkitech.com/Built Lending - https://www.built-lending.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Built Lending - https://www.linkedin.com/in/josephvscorese/Contact Us===========Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/Email - [email protected]