Probabilities VS Possibilities #shorts #shorttermrentals #airbnb #realestateinvesting

Name: Probabilities VS Possibilities #shorts #shorttermrentals #airbnb #realestateinvesting
Uploaded: 2023-02-05T17:00:20+00:00
Duration: 36 s
Channel: Tim Hubbard
Description: A short YouTube clip by Tim Hubbard contrasting investing based on probabilities (conservative rent and accurate expense estimates) versus investing…

5 Feb 2023 · 1 min

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A short YouTube clip by Tim Hubbard contrasting investing based on probabilities (conservative rent and accurate expense estimates) versus investing based on possibilities (speculative hopes to greatly improve rent/revenue). He advises favoring probable, past-performance–anchored estimates over speculative upside when evaluating short-term rental/Airbnb investments.

Chapters

If we're investing based on probabilities. Right. So a conservative rent estimate and accurate expense estimates, those are probabilities versus possibilities. And that's thinking, oh, I can improve this property a whole bunch and I'm going to double the short term rental rent that's going to come in. That is a possibility which we could, in other words, call speculation right now. Past performance is never a guarantee of future performance, but it's definitely a lot more probable than just just thinking we can do much, much better than some property did in the past.