Real estate offers many exciting ways to earn a return on investment, including highly creative niches that provide impressive results; some can equal or exceed traditional market sectors. And these creative niches offer other benefits—for example, combining your hobby or other business enterprises and enjoying lower overhead costs while building wealth.
Another benefit of branching out is the added security against an economic downturn in any one sector; the others can carry you through. Rental properties build in a layer of protection against inflation because rents tend to keep pace with increases in the cost of living with little impact on your monthly cash flow. Different strategies have different levels of security and take more or less of your time and many times security and time are more valuable than the return.
Please note that this article is for informational purposes, not financial or legal advice.
So read on as we explore these three creative real estate niches that investors like you should know about in San Antonio in 2023.
AirBnB Short-Term Rentals
AirBnBs are one such real estate niches that investors like you should know about in San Antonio. Advances in technology help investors take advantage of online services with user-friendly apps that provide travelers and real estate investors a platform upon which short-term rentals have become a streamlined process, with checks and balances protecting both parties. Keyless entry and other inventive methods have evolved to provide the privacy and social distance that are now the norms in travel lodging. Investing in San Antonio real estate to use for short-term rentals can provide high returns.
Because tenants are short-term, spending little time in the unit, you save money because there tends to be less wear and tear overall. AirBnBs do require more time and attention than traditional long-term rentals. With more turnover of guests, more cleaning and make-ready service will be necessary.
Just like almost all types of real estate, it’s important to focus on the location of your AirBnB investment so that you are not concerned about bookings. Professional buyers like those at Sell My San Antonio House can help you zero in on the right property in San Antonio to suit your AirBnB investment strategy.
Self-storage properties are another real estate niche that investors like you should know about in San Antonio. Savvy investors are taking advantage of this profitable business with operating costs that generally run very low. Another benefit of self-storage properties is the additional income streams that can be added, such as sales of boxes and other moving supplies, locks, insurance, and other products or services that combine well with the moving industry. Self-storage investments can be more difficult to find than some other types of real estate. There are some big players in the self-storage game and they are looking to pick up these types of investments as well. The professional buyers at Sell My San Antonio House are highly educated professional local real estate investors who know the San Antonio real estate market and can guide you to the best location for this type of investment.
Mobile Home Park
Mobile home parks are another interesting and profitable real estate niche that investors like you should know about in San Antonio. Cash-on-cash returns are a metric used to evaluate the profitability of an investment, measuring the net income against the initial cash investment and mobile home parks can average earning back about 20 percent of your investment each year. This is impressive, but this is not the case for all mobile home parks. Many that are available for sale have been mismanaged for years and will require a lot of work to turn the investment into a profitable purchase.
Once you have them up and running the tenants in mobile home parks own and maintain their own units and pay lot rent and tend to stay in place much longer than tenants in more traditional rentals. Professional buyers like those at Sell My San Antonio House are expert negotiators that understand competition is low among buyers for mobile home parks.
These are just a few of the choices you have in 2023 and with so many real estate niches to know about in San Antonio, why not explore the possibilities with experts who know about them all, the professional buyers at Sell My San Antonio House. If you’d like to relax knowing your retirement will be golden, why not work with the pros at Sell My San Antonio House and their full-service in-house team of industry specialists, including everything it takes to make it easy to earn a passive income and build wealth in San Antonio with a well-diversified real estate portfolio. Reach out to us anytime to see what types of investments we have available or just to ask a few questions. Call Sell My San Antonio House at (210) 201-6644.