1 hr 8 min
How to Transition from Long-Term to Short-Term Rentals with Clint Harris Road to Family Freedom
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- Investing
Clint Harris – Real Estate investor for over a decade with his wife, starting with long-term single-family home investing but have since transitioned into short-term rentals, including their own house on the beach. Clint Harris discusses micro-listings, using an FHA loan, past choices he would do differently now, acquiring data, and what he is doing in the short-term rental space.
Post-Interview Analysis
Key Lessons Learned: They looked into the reviews and what the best renters were doing in the short-term rental space in his area. He is working to scale the business by creating in-house operations.How did they acquire their knowledge or what knowledge did they need to acquire? He read books and really used mentorship.How much money did it take to get started? They were all in on the property for $390,000 and came to the table initially with $60,000 including the down payment and expenses.How much time does it take now? Once everything is set up but once it is up and running it is around 30 minutes a week.Could they do this strategy from anywhere in the world? He is able to do this from anywhere.
Episode Highlights:
Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connectClint Harris started his real estate investing with a house hack of a duplex in Columbia, South Carolina. Why did he stop building up his long-term single-family home portfolio? He used an FHA loan with about $5000-$7000 down and some remodeling. Were there any decisions he would have done differently? Was he buying properties at market value? What are some things he has learned? There are way more ways to learn from other people’s mistakes than there were 10 years ago. Short-term rentals are very market-specific so Clint did a lot of research. How did he acquire his data for the top-listed item purchases for things like mattresses? What are Clint’s thoughts on micro-listings? Does AirBnB do automatic micro-listings?What are Clint ‘s growth current goals? Has he thought about doing any co-hostings? Clint wants to build his real estate portfolio in a way that he can do it from anywhere in the world. What are the differences in expenses for long-term rentals and short-term rentals? WorkingWhat does he find as the most frustrating element of his investment work? What was the key piece of knowledge that made him successful? Clint Harris has a book on short-term rentals.Does he have any advice for anyone getting into this space as a parent?
Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comClint Harris: Facebook
Clint Harris – Real Estate investor for over a decade with his wife, starting with long-term single-family home investing but have since transitioned into short-term rentals, including their own house on the beach. Clint Harris discusses micro-listings, using an FHA loan, past choices he would do differently now, acquiring data, and what he is doing in the short-term rental space.
Post-Interview Analysis
Key Lessons Learned: They looked into the reviews and what the best renters were doing in the short-term rental space in his area. He is working to scale the business by creating in-house operations.How did they acquire their knowledge or what knowledge did they need to acquire? He read books and really used mentorship.How much money did it take to get started? They were all in on the property for $390,000 and came to the table initially with $60,000 including the down payment and expenses.How much time does it take now? Once everything is set up but once it is up and running it is around 30 minutes a week.Could they do this strategy from anywhere in the world? He is able to do this from anywhere.
Episode Highlights:
Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/connectClint Harris started his real estate investing with a house hack of a duplex in Columbia, South Carolina. Why did he stop building up his long-term single-family home portfolio? He used an FHA loan with about $5000-$7000 down and some remodeling. Were there any decisions he would have done differently? Was he buying properties at market value? What are some things he has learned? There are way more ways to learn from other people’s mistakes than there were 10 years ago. Short-term rentals are very market-specific so Clint did a lot of research. How did he acquire his data for the top-listed item purchases for things like mattresses? What are Clint’s thoughts on micro-listings? Does AirBnB do automatic micro-listings?What are Clint ‘s growth current goals? Has he thought about doing any co-hostings? Clint wants to build his real estate portfolio in a way that he can do it from anywhere in the world. What are the differences in expenses for long-term rentals and short-term rentals? WorkingWhat does he find as the most frustrating element of his investment work? What was the key piece of knowledge that made him successful? Clint Harris has a book on short-term rentals.Does he have any advice for anyone getting into this space as a parent?
Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comClint Harris: Facebook
1 hr 8 min