#262 - How to identify a high cash-flowing short-term rental - Julie Gates

Joining us in this episode of Living Off Rentals is someone who has been a real estate investor since 2004 and has a diverse portfolio of residential, commercial, and self-storage properties. Julie Gates started SID WAS HERE in 2017, which specializes in short-term and long-term rentals. She also produces a local podcast about investing in Savannah, Georgia, called Cashflow Savannah, and hosts a monthly meetup in the area called Cashflow Savannah Meetup.  Listen as she shares how she started her journey as a real estate investor, her focus on short-term rentals, medium-term rentals, self-storage, and commercial properties, and the keys to identifying a high-cash-flowing short-term rental. Let's dive in! Key Takeaways: [00:00] Introducing Julie Gates and her background [02:25] Julie's first property [09:42] Getting a real estate license [18:55] Doing medium-term rentals while doing short-term rentals [33:22] Legitimacy over followers [36:46] How do you identify a high cash-flowing short-term rental? [41:12] Real estate is about the numbers [45:12] The biggest lesson Julie learned in her real estate journey [50:11] Connect with Julie Gates Guest Links: Website: https://sidwashere.com/  Instagram: https://www.instagram.com/sidwashere912/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals