How to Transition from Long-Term to Short-Term Rentals with Clint Harris
Clint Harris – Real Estate investor for over a decade with his wife, starting with long-term single-family home investing but have since transitioned into short-term rentals, including their own house on the beach. Clint Harris discusses micro-listings, using an FHA loan, past choices he would do differently now, acquiring data, and what he is doing in the short-term rental space.
Key Lessons Learned: They looked into the reviews and what the best renters were doing in the short-term rental space in his area. He is working to scale the business by creating in-house operations.
How did they acquire their knowledge or what knowledge did they need to acquire? He read books and really used mentorship.
How much money did it take to get started? They were all in on the property for $390,000 and came to the table initially with $60,000 including the down payment and expenses.
How much time does it take now? Once everything is set up but once it is up and running it is around 30 minutes a week.
Could they do this strategy from anywhere in the world? He is able to do this from anywhere.