BIGGEST RISK with Daniel Daly
Commercial Real Estate Pro Network · J Darrin Gross
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
J Darrin Gross
I'd like to ask you, Daniel Daly, what is the BIGGEST RISK?
Daniel Daly
The biggest risk for investing in short term rentals in Europe, from my perspective, it's the same as any other investment in real estate. Maybe Location, location, location. So you know, the biggest risk is, did I pick the right place to invest in? That is the location where everybody wants to go. Am I in? Ring one, that avoids the risk. Ring two, minimizes the risk. Ring three, it's risky, right? You're further away. It's cheaper, yes. But generally risk one avoids risk ring one avoids most of the risk is, I want to be in a location where people want to go to, where people are visiting, where are things that they want to make their trip easily accessible, whether it's train, bicycle, walking. So that was the biggest risk is, what's the location? Do we feel confident in it and minimizing the risk would then just be if, for some reason, we couldn't afford that ring one to go to ring two. But I do everything that I can to avoid ring two. I don't want to minimize the risk. I want to avoid it by being as close as possible to having the perfect location that people want to come and stay at.