Episode 66: Why We Pivoted from a Long-Term Rental to a Mid-Term One
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When it comes to business, ANY business, the name of the game is to be constantly evaluating where you are and where you could be.
Besides the fact that our expenses have increased significantly across the board for all of our properties, we are in a growth mode and are looking to earn as much as we can to continue to scale our portfolio.
This is not us being greedy or money hungry landlords. We do not impose unfair fees on our tenants or charge for amenities that should be included with the rent. This is a business strategy where we analyze and evaluate what we can do to increase revenue in our prime location properties.
In this episode we discuss why we decided to swap a long-term leased unit in our 6-plex for a midterm option. We give all the details of why we switched, what that change entailed, and what we have learned in the process.
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👉 Episode 63: What You Need to Know About Owning Rental Property in an HOA
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