Episode 27 - Short-Term Rentals, Finance & Legal (Pt. 1)
Welcome to episode 27 of Building Wealthy Habits! With this episode we kick off a three part series focused around short-term rentals. Tune in and see how watching HGTV with our family sparked a conversation about property ownership and care. We discuss the financial and legal considerations of owning a short-term rental property, and highlight the importance of location, interest rates, occupancy rates, and personal liability. We also touch on the legal structuring of owning a short-term rental property and the potential benefits of utilizing LLCs. This episode concludes with an emphasis on the need for a holistic approach to financial planning and the importance of working with professionals who can provide guidance in all aspects of real estate investment.