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A Journey into Property Management: From a Side Gig to 65+ Properties with Branson Lakes Lodging

Hospitable

How Scott Got into Short-Term Rental Property Management At the beginning of the conversation, Scott shares his first experience running an STR property. In 2014, he and his wife bought a house by the lake as a second property for themselves. If you prefer to read the highlights, we've got a summary of the key takeaways below.

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Buying A Vacation Rental

Lifty Life

In the long term rental industry a 4 – 12% cap rate is considered good. Whistler studio condo “ The Après ” purchased in 2014 Property Value $185,000 Gross Income $52,000 Operating 35% Vacancy 21% Net Income $26,702 Cap Rate 14.43% Pro Tip : calculate if the property would be profitable as a long term rental.

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