#262 - How to identify a high cash-flowing short-term rental - Julie Gates
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Show Notes
Joining us in this episode of Living Off Rentals is someone who has been a real estate investor since 2004 and has a diverse portfolio of residential, commercial, and self-storage properties.
Julie Gates started SID WAS HERE in 2017, which specializes in short-term and long-term rentals. She also produces a local podcast about investing in Savannah, Georgia, called Cashflow Savannah, and hosts a monthly meetup in the area called Cashflow Savannah Meetup.
Listen as she shares how she started her journey as a real estate investor, her focus on short-term rentals, medium-term rentals, self-storage, and commercial properties, and the keys to identifying a high-cash-flowing short-term rental. Let's dive in!
Key Takeaways:
[00:00] Introducing Julie Gates and her background
[02:25] Julie's first property
[09:42] Getting a real estate license
[18:55] Doing medium-term rentals while doing short-term rentals
[33:22] Legitimacy over followers
[36:46] How do you identify a high cash-flowing short-term rental?
[41:12] Real estate is about the numbers
[45:12] The biggest lesson Julie learned in her real estate journey
[50:11] Connect with Julie Gates
Guest Links:
Website: https://sidwashere.com/
Instagram: https://www.instagram.com/sidwashere912/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals