Welcome to episode 27 of Building Wealthy Habits! With this episode we kick off a three part series focused around short-term rentals. Tune in and see how watching HGTV with our family sparked a conversation about property ownership and care. We discuss the financial and legal considerations of owning a short-term rental property, and highlight the importance of location, interest rates, occupancy rates, and personal liability. We also touch on the legal structuring of owning a short-term rental property and the potential benefits of utilizing LLCs. This episode concludes with an emphasis on the need for a holistic approach to financial planning and the importance of working with professionals who can provide guidance in all aspects of real estate investment.
Reach out at contact@tricordadvisors.com
This week on Building Wealthy Habits:
00:00 The Fun and Educational Side of HGTV
03:03 Understanding Location and Long-Term View
07:13 Impact of Interest Rates and Prices
13:11 Personal Liability and Legal Considerations
20:11 Taking a Holistic Approach to Real Estate Investment
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadvisors.com
