Real Estate Riches: 10 Strategies for Profitable Property Investments

3. Short-Term Rentals

Short-term or vacation rentals have gained popularity with the rise of platforms like Airbnb. These properties can yield higher per-night rates compared to long-term rentals, especially in tourist-heavy areas.

While the income potential is high, short-term rentals require more hands-on management. From frequent cleanings to seasonal rate adjustments, this strategy demands more time and effort but can be incredibly lucrative if managed well.