Airdate: February 6, 2024
Join The Passive Wealth Strategy show as Tia Lilly, a seasoned realtor with 17 years of experience, unveils the secrets of success in waterfront real estate. Tia’s expertise extends to Cape Cod, where her dedicated approach has led to record-high sales. Beyond achievements, her commitment to equal care for all clients sets her apart. Discover Tia’s journey, from establishing Property Cape Cod to becoming a waterfront specialist. In this episode, she shares valuable insights, emphasizing service-oriented values that have shaped her thriving boutique firm.
Key Takeaways:
(00:00–05:00) Introduction to Vacation Rentals – Understanding the appeal and challenges of owning a vacation rental. – The importance of location in rental property success. – The balance between personal use and rental income generation.
(05:01–10:00) Maximizing Rental Returns – Strategies for selecting the right property for high rental yield. – Seasonal considerations in maximizing rental income. – Managing tenant quality and avoiding property damage.
(10:01–15:00) Impact of Market Trends on Rentals – The effect of COVID-19 on the vacation rental market. – Importance of choosing a profitable location. – Insights on the changing dynamics in vacation rental demand.
(15:01–20:00) Navigating Regulatory and Insurance Issues – Dealing with regulatory challenges and community perspectives. – Understanding the role of platforms like Airbnb in the market. – Insurance considerations for waterfront properties.
(20:01–24:00) Personal and Financial Considerations – Deciding between a pure second home vs. a vacation rental. – Balancing personal enjoyment with financial returns. – The significance of long-term planning and investment protection.
🎧 Listen to the episode on your favorite podcast platform:
iTunes: https://podcasts.apple.com/ph/podcast…
Spotify: https://open.spotify.com/show/0RM665D…
👉 Learn more about investing with us at www.investwithtaylor.com
👉 Free 7-Day Video Course, Red Flags in Passive Real Estate Investing – www.passiverealestatecourse.com
👉 Personal Capital – Track Your Wealth – at https://personalcapital.sjv.io/c/2425…
👉 The Passive Wealth Strategy Show, new episodes every Monday, Tuesday and Thursday. Available on Apple Podcasts and Spotify
👉 Apple Podcasts: https://podcasts.apple.com/us/podcast…
👉 Spotify: https://open.spotify.com/show/0RM665D…
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