If you’re starting out it’s a good thing to ponder the question of why you want to get into the short-term rental world. Believe me, it isn’t for the thin-skinned or faint of heart person.
Thinking of selling? Do you want to invest in another property? These questions can guide you in that decision.
Have you been hosting for a while and jumped in feet first without much thought? (My hand is going up here.) Sometimes it’s good to stop and create a plan, even if you’re in the middle of your journey.
In 5 Key Questions, Everyone Should Answer, Michelle urged me to answer these questions as I was preparing to invest up to $1.2M in cash. Yes, at the time of this recording I hadn’t sold Eveland 1.0 yet. We were starting the 1031 adventure. The answers dictated the journey we were embarking on. So listen up to 5 Key Questions Everyone Should Answer.