#440 The Dilemma of Underperforming Airbnb Rentals
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 13 July 2023
⏱️ 28 minutes
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| 0:00.0 | You can change the character of the property in year two, three, and four and still get the |
| 0:04.4 | ride off of the short-term rental in year one. Try for a few months to see if you could move the |
| 0:10.1 | needle and change the income ratio. It's treated like a real investment. Get engaged in it. You've |
| 0:14.8 | got to know what you're dealing with. The property could be worth more than you realize. |
| 0:18.2 | It could be worth less than you realize. You can't make an informed |
| 0:21.1 | decision if you're not informed. Welcome everybody to another episode of the Main Street Business |
| 0:25.7 | podcast. My name is Mark Kohler, yours truly, and I am flying solo today. My co-host, Matt |
| 0:32.8 | Sorensen, is out of the country. I'm excited about this topic, though. This is a topic that's near and dear to |
| 0:40.2 | my heart. I've really got a lot to share here, and I think it's going to really be something very, |
| 0:46.7 | very beneficial to some of you that own a short-term rental. So the topic is what to do if you have |
| 0:54.1 | a short-term rental that's not performing is what to do if you have a short-term rental that's not |
| 0:56.1 | performing. You feel like it's a disaster. You're scared. You're frustrated. You're second-guessing |
| 1:02.8 | yourself. First, my heart goes out to you. I know many of you that invest in real estate. |
| 1:08.7 | There's ups and downs. I've been there. I own a short-term rental property. |
| 1:13.0 | I'm investing in a couple more this year. I have long-term rentals, commercial rentals, |
| 1:20.4 | industrial rentals. I'm not a big real estate mogul. I really am not, but I recommend all |
| 1:25.6 | my clients buying a cash flow rental every year. |
| 1:29.6 | That's what wealthy people do. |
| 1:31.4 | Now, it comes with risk, but it comes up with a lot of wonderful benefits too. |
| 1:35.5 | And if you're in a short-term rental that's not performing well, you're probably even more |
| 1:40.7 | interested in this podcast. |
| 1:42.2 | Maybe you've found this topic and are looking for help. |
... |
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