What’s better: short-term rentals or multi-family properties?
In this episode of The Real Estate Mindset podcast, I chat with Ashton and Chris Levarek about their experience with both long-term and short-term rental properties. While they both come with their own sets of pros and cons, the biggest thing an investor should consider when selecting which type of asset is best for them is their risk tolerance. In the short-term rental space, you are highly dependent on high seasons to be profitable. If the season doesn’t go as planned, your cash flow will be impacted. But for long-term rental properties, seasonality isn’t something you need to worry about as people sign a lease to live in your units for a pre-determined amount of time.Chris and Ashton also share what their experience was like with coaching and mentorship. While they have spent a few hundred dollars on these, they have experienced most of their success through simply trying things out and learning along the way.
What we discuss:
00:57: About Ashton
03:03: About Chris
04:43: How did Ashton and Chris get started in real estate?
07:40: What markets are Ashton and Chris in?
10:46: Is the AirBnB market softening?
13:41: Are they still investing in multi-family?
20:17: What are their morning routines like?
23:49: What books do they recommend?
29:57: What is Ashton’s book about?
35:52: What is their experience with coaching and mentorship?
To learn more about Ashton and Chris:
Linkedin: https://www.linkedin.com/in/ashton-levarek-ba03b4161 and https://www.linkedin.com/in/christopher-levarek