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Investment in real estate is not a new thing, nor is a focus on short-term rental. But in these volatile times, having a clear and laser-focused strategy is the key to finding the best investment properties in the right location.
Like many short-term rental experts, Rebekah Converti never intended this to be her career. With a background in finance and commercial real estate, Rebekah’s life took a turn when her grandfather asked her to join him in a flip-and-fix venture. This led to the purchase of a run-down marina and campground in South Carolina that was transformed into a tiny-home glamping resort, and her future in the arena of vacation rental investment was set.
Identifying the best investment opportunity in the second home market can be challenging. Buy at too high a price and the rental return may not justify it; pick the wrong neighborhood and the average nightly rate can be negatively impacted; choose a location that is close to saturation, or is not attracting the right demographic and the investment could tank.
Knowing where to buy, what price to pay, and how to manage the property from there are some of the questions Rebekah answers with clients every day.
In this episode she shares:
- How to identify the best investment opportunities
- The features that make a property stand out in a busy market
- The hottest locations and what to look for in them
- Mistakes investors commonly make
- Why $1500 per night is a ceiling
- Her design and decor tips for a high income-producing property