Short-term rentals, Airbnbs, vacation rentals by owner.

You've probably heard of them, and you've probably heard they produce a lot of cash flow.

But which should you invest in?

Should you invest in a short-term rental or maybe a more traditional long-term rental?

That's the question I'm going to tackle in this edition of Ask Coach, and we're getting started right now.

Okay. right now. Welcome to the Ask Coach edition of the podcast. If we haven't met yet,

I'm your host, Chad Carson. You can also call me Coach, and this is a show all about helping you get out of the financial grind so you can do more of what matters. In the Ask Coach

podcast series is where I do

my best to answer your burning questions about real estate investing and personal finance.

Today's question came in by email from Nicholas Gross. And by the way, if you want to have

your question considered for a future episode, you can send an email to podcast at coach carson.com.

Nicholas's question says, thanks for all the great work you do.

We just built our first short-term rental property and are starting to plan for our next

rental property. We're deciding between additional short-term properties which have higher

income ceilings and long-term rentals, which have higher-income floors. How do you balance your

portfolio of rentals? Thanks, Nick.

So Nick, this is a great question. And short-term rentals are such a hot topic right now in

2022. And there's so many benefits. I want to unpack it a little bit, though, and explain

just some definitions of what a short-term rental is and what a long-term rental is in case

people haven't heard of that. So a short-term rental in general means you're renting either on the platforms,

Airbnb, vacation rental by owner. There might be some others out there for more niche-type products,

but you're looking for people who rent by the night, rent maybe by the week, sometimes by the month.

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