What Type Of Property Do I Need For STR?
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What Type Of Property Do I Need For STR?
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There’s a lot of debate about the type of property you should use for STR. You can use properties like single-family homes, duplexes, condos, etc. But I prefer single-family homes. I discuss the pros and cons of using each property type in this episode. Whatever property you choose, make sure you do your due diligence. Have a clear agreement with your landlord and provide your guests with an excellent experience. If you can make it work, then go for it.
“Single-family homes give you the most flexibility out of all these property types. With a single-family home, you have an entire home to yourself.” - Tom Swan
In This Episode:
- What type of properties do I prefer for my STR business?
- Pros and cons of using Time-Shares and Resorts and why I do not advise using these property types.
- Pros and cons of using Apartments for your STR business.
- Pros and cons of using Condo units for your STR business.
- Pros and cons of using Duplex or Fourplex units for your STR business.
Connect with Tom Swan:
- YouTube
- TikTok