Thoughts from Diana
This month we have two articles which put a little different spin on real estate investing. Shared housing and Airbnb have really exploded and changed the landscape of rental property and how we look at it. I’m a firm believer in having a plan, and part of any good plan should also be a “Plan B”. So even though I personally don’t look at these models as part of my plan – they do add to options for “Plan B”.
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MILLENNIALS: A DIFFERENT BREED OF LANDLORD
By Diana Hill
I am not a Millennial (far from it, I’m the last year of the baby boomer generation), but I raised two millennials who in turn married two millennials. They have taught me a thing or two about rental property, I’m still the expert (since my husband and I have owned property for 30 plus years) but they have given me a new perspective. They are focused on the Airbnb/VROB model. My kids are 27 and 29, both just closed on their “first” rental property. Unlike their parents who look for long term renters (I like tenants that stay for 20 years) they are looking for short-term renters.
INVESTING IN REAL ESTATE AS A SOBER LIVING FACILITY
By Diana Hill
As investors, we often focus on the traditional way of renting property, having a long-term renter. But as we have seen recently, there is a paradigm shift and other options for rental property are emerging. Airbnb is one example, another alternative rental investment option is group homes, including sober living facilities. Opting for one of these strategies for investment property is often more like starting a business than just owning a rental unit.
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Real Estate Foundations – Minneapolis
Commercial Investor with Jason Tom
Real Estate Foundations with Chris Heffer
|RECC 4:00PM – 5:30PM (Pacific Time)
Topics and Instructors subject to change
10/3/2019: Special Guest/Market Strategies – Diana Hill
10/10/2019: Managing Your Properties – Chris Heffer
10/17/2019: The Math of Commercial and Rentals – Jason Tom
10/24/2019: Benchmark IRR to Track your Progress as it relates to Retirement – Ron Fields
10/31/2019: HAPPY HALLOWEEN – BREAK
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