May 6, 2020
The pandemic-fuelled economic crisis has clobbered almost every industry and the short-term rental property space is no exception. However, even if things seem dire, it is reassuring to know there is no shortage of ways you can effectively manage short-term rentals even during these unprecedented times.
Jered and Carla DaCosta are the owners of DaCosta Real Estate Investments, an investment company dedicated to buying high-quality short-term rentals. In March of 2019, the couple relocated to Jacksonville, Florida, and continued building their real estate portfolio there.
In this episode, you’ll hear how Jered and Carla manage their short-term rentals through the new COVID economy—how they find deals, what they take into account when looking for deals, and their thoughts on urban markets and short-term rentals, among others. Plenty of beneficial wisdom and insights relevant in today's challenging times, so don’t miss it!
Key Takeaways
- What they did post-West Point and how they got into real estate
- What their goals and plans were when they moved to Jacksonville
- How they approached a deal when the COVID-19 pandemic kicked in
- Their thoughts on short-term rentals and the urban markets
- What they take into consideration when looking for deals
- The monthly cash flow they’re targeting for a typical unit
- How they’re currently finding deals
- The best piece of advice they’d give to those who would like to do what they’re doing
- The best way for people to get in touch with them
Links
MLS - http://www.mls.com
Zillow - https://www.zillow.com
RedFin - https://www.redfin.com
HGTV - https://www.hgtv.com
Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA