An STR investment stands for a “short-term rental” investment and is a type of investment strategy that is becoming quite popular with many people around the world. Learn more about this type of investment below.
STR Investment: What It Is
An STR investment is where you buy a property (such as a home, condominium, apartment complex, beach house, or other living facility) and then rent it out for short periods of time (such as for a few days or a few weeks) to tenants looking just to rent it for that short period of time. Most people who look for tenants for this short period of time will often put up a listing displaying the property on a vacation rental website since it is probable that interested tenants are looking to rent your property as a place to stay during their vacations.
Why This Investment Is Becoming Popular And Can Be Profitable
This type of investment is becoming popular because many people are finding out that it can be profitable and bring in more cash flow for them. There are many people out there who want to take a short-term vacation only lasting for a few days or weeks, but do not want to stay in a hotel or motel. Instead, they prefer to stay with the amenities and comfort of a house, and this is where you can step in and fill that demand.
Additionally, most people going on vacation prefer to go to specific locations such as Miami, Los Angeles, London, Paris, Sydney, and other similar locations where market prices are usually high. This means that a short-term rental can bring in considerable cash flow for a property owner like you.
