Tips from Patrick Andres on Finding Hidden Real Estate Deals

In this podcast episode, Patrick Andres, a thriving short-term rental investor, shares his transition from long-term real estate to high-yield short-term rentals in beach areas. He reveals his strategy of dedicating just 20 minutes a day to hunt for deals, emphasizing the significance of location—like proximity to the beach, parking, and amenities. Patrick also discusses how he enhances properties with budget-friendly upgrades, such as new furniture and pool heaters, while ensuring a top-notch guest experience to boost occupancy and revenue. He stresses the necessity of assembling a reliable team, including a CPA, attorney, and contractors, and understanding market trends to thrive in the short-term rental space. Although he acknowledges the hurricane risks in Florida, he underscores the value of comprehensive insurance to safeguard against potential issues.