Everybody understands the business model behind flipping houses, long-term rental properties, and short-term vacation rentals. For that matter, most of us have rented a home or two ourselves at some point in our lives.
But what about other niches in real estate investing?
They say “the riches are in the niches.” If you want to skip the crowds and competition, consider some of these niche real estate investing tactics for higher returns and fewer headaches.
1. Corporate Rentals
We periodically get together with Al Williamson to break down tips for vacation rentals and Airbnb. But his favorite strategy is actually medium-term corporate rentals, in the 2-6 month range.
You furnish the property, but instead of renting it nightly on Airbnb, you market it to business travelers. People like travel nurses, who need furnished housing for a few months at a time.
The employer typically pays the rent, so you have virtually no risk of rent default. And the renter treats the property well, because they don’t …