inspiring interviews with today's top landlords. This is the Rental M-Com podcast. And now, Dan Lane.

Joining me on the podcast today is Pam Storm. And Pam is in a unique position where she owns a regular traditional rental and she also owns a vacation rental. And I want to talk to her today

about the differences and see if we can figure out if it's better to own a vacation rental or

a regular rental. Pam, welcome to the show. Why don't we start with you just telling us a little bit

about yourself and what got you interested in owning a rental property?

Great, Dan. And thanks for having me on today. Sure. Yeah, so I think my path is a little

non-traditional. I started my career as a CPA. And so I think I always knew that this was a wise move to have rental homes. But I didn't

really get into it until 2010 is when I got my first rental. And then in 2012, I got another.

And there were some others in between that we sort of bought and sold just for financial reasons.

But how I got bid by the bug was I was running the large tenant screening firms for many years.

And so I was working with the country's largest property owners and managers and the REITs.

And they're very passionate about what they do and they're very passionate about what they do and

they're very good about what they do. And so I was learning just by, you know, leading these tenant

screening companies, I was learning all about, you know, how they manage their properties and

the metrics that they use. And so I finally was bit by the bug and talked my husband into it. And so oddly, our first

rental in 2010, that's the vacation rental, the short-term one. And then two years later in 2012

was when we got a longer-term one that we still have in our portfolio. All right. So let me cut right to the chase.

What's better, the vacation rental or the regular rental? You know, I hate to say this.

It really depends on your goals going into it. And so I will say that our goal going into the vacation home, it really was at that time to have a vacation place to go to every year to be with our son and be outdoorsy and so forth.

The goal on the longer term home was to fund our son's college education. And we did have a few in between that we meant

to hold forever. They had nice appreciation and we sold them. I don't know if that's the right

move or not, but it's sort of what we did at the time. So I'd say that both are suiting our purposes.

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