#262 - How to identify a high cash-flowing short-term rental - Julie Gates

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