Why not consider adding short-term rentals to your real estate investment holdings? If you’re interested in building a healthy portfolio and realizing fantastic investment returns, then you might want to consider short term rentals and there’s no better time than the present to begin your journey. So read on as we explore five reasons you shouldn’t wait to buy a short-term rental in Dallas.
Demand
Short-term rentals offer a more private setting for travelers, family vacations, and other possible uses. There has always been a demand for short-term rentals. However, since the onset of the pandemic, the demand has risen, and the trend continues, which is another reason you shouldn’t wait to buy a short-term rental in Dallas. Because of the frequent turnover, adjusting your rates to current competitive rates in real-time is more manageable. Professional buyers like those at Jamie Buys Houses have built their careers locally and know the Dallas real estate market. At Jamie Buys Houses, our professional buyers can help you find the best location to fit comfortably within your budget.
Potential
The higher income potential offered from investments in this market sector is one of the reasons you shouldn’t wait to buy a short-term rental in Dallas. Short-term properties offer higher returns than long-term, especially with dynamic pricing during holidays, special events, or tourist seasons when rates increase based on a higher demand. Naturally, the better the location and the amenities offered with the short-term rental, the more tenants are willing to pay. Short-term rental properties also offer potential for additional income streams from special fees, such as those for allowing pets, special allowances for a variance from the standard check-in our check-out time, or personal service requests. Professional buyers like those at Jamie Buys Houses can help you determine the right rates.
Diversity
Short-term rentals offer an excellent investment vehicle to add the security of diversity to your real estate holdings, another reason you shouldn’t wait to buy a short-term rental in Dallas. There are three types of short-term rentals, the most common being vacation rentals, residences for extended stays for business, such as traveling executives, or short term rentals for personal matters, such as medical procedures over a several month period. There is also a demand for short-term rentals over several hours or days for weddings or special events such as conventions, banquet halls, or outdoor areas with facilities for larger gatherings. Finally, businesses may seek short-term properties to open temporary offices or other creative enterprises in Dallas. Professional buyers like those at Jamie Buys Houses can help you reach your target market.
Wear and Tear
Because your residents aren’t living in the property permanently, there tends to be far less wear and tear on appliances, furnishings, flooring, and surfaces like countertops making cleaning and maintenance easier. In addition, investing in energy efficiency and more durable finishings can further improve your returns. And, because you’ll have your eyes on the property more often due to the shorter-term rental period, you’ll have the advantage of catching minor issues before they become major emergencies that make the repair much more expensive to remedy. These cost savings add up over the years and are another reason you shouldn’t wait to buy a short-term rental in Dallas.
Time
Our final reason you shouldn’t wait to buy a short-term rental in Dallas? The clock is ticking, and in real estate, more time invested equates to wealth through appreciation. Added to the benefit of holding a tangible asset are the tax benefits and the passive income stream you can create to comfortably carry you through your retirement years. While dependent upon market conditions, with proper management, investors earn an average of two to three times more in rental fees than long-term properties, which is a highly motivating reason to invest in short-term rental properties. At Jamie Buys Houses, you’ll have access to our top-notch property management team, who can help you handle everything it takes to make it easy for investors like you to sit back and enjoy your passive income.
Professional investors at Jamie Buys Houses can help you understand why you shouldn’t wait to buy a short-term rental in Dallas. The professional investors at Jamie Buys Houses are investment specialists who can help you learn the ropes of short-term rental properties to create a reliable passive income stream. Teamwork is the key to success, and at Jamie Buys Houses, our investors benefit from our full-service in-house team of industry specialists, which takes you from locating potential investments right to the closing table. Ready to learn more about how short-term rentals can help fortify your real estate investment portfolio, then talk to one of the professional buyers at Jamie Buys Houses today without any obligation. At Jamie Buys Houses we’re happy to answer your questions or concerns about getting started in this lucrative sector. At Jamie Buys Houses we make success easy, from financing to locating the best investment properties, we’re your full-service team. Call Jamie Buys Houses at 972-318-9500.