Episode 8: He Supercharges ROI with Short Term Rentals in Multifamily!
Daniel Kidd is an investor specialist and veteran at Five Pillars Realty Group. Dan shares his story about one of his first deals and how he took an eviction and turned it into a short term rental using Airbnb. He talks about the challenges long term rentals have to face when it comes to living with short term rentals and how he worked around it.
Dan walks us through his experience with renovating a crashed property, turning it into a better, aesthetically pleasing place to live in. He also talks about the economics of Airbnb, making the profit of one Airbnb unit equating to three other long term rentals.
