Episode 27 – Short-Term Rentals Pt. 1

Discover the financial and legal aspects of short-term rentals in Episode 27 of Building Wealthy Habits. Learn about the importance of location, interest rates, occupancy rates, and personal liability. Understand the benefits of LLCs and the value of a holistic approach to real estate investment. Tune in for expert insights!

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.

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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

This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.

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