Episode 58
2022 & Reorienting Our Focus
In this week’s episode, we begin part one of a two part series on our short-term rental in Charleston, South Carolina. You’ll get to hear directly from me as I get into specific numbers of the purchased rental property, and also the kind of equipment and tools we use to help make the rental process as seamless as possible for everyone involved.
This week, we’re back from the holiday break! We worked really hard on getting our new properties up and running in 2021, so 2022 is going to be a year of reorienting our focus onto ourselves, and determining what’s best for us. An investment could be technically in the black, but is it worth the time you’re spending on it?
In this episode, listen for:
We talk about how to analyze a short-term rental, such as writing a pro forma, knowing your “runway”, and what to spend on getting your STR ready to rent!
Must-Listen Moments :
[3:12] - Writing a pro forma document
[10:08] - Determining if an investment is worth your time
[23:52] - Estimating repair costs and what to expect to spend on renovations
More from DIG Capital:
Find and listen to more episodes at https://www.digcapital.com/podcasts
Read more about real estate syndications and passive investing at https://www.digcapital.com/blog
To invest alongside other physicians: https://www.digcapital.com/join
Podcast Technical Support by: Wayfare Recording Co.
