Adulting is Easy with Lauren Aumond | Ep. 116

• Lauren defines short-term rentals as properties rented for less than 30 days multiple times per year, typically through platforms like Airbnb and VRBO. Long-term rentals involve 6-12 month leases or month-to-month arrangements.

I think of a short-term rental as something where it's rented for less than 30 days multiple times per year.

• The couple initially planned a long-term rental portfolio but discovered a commercially functioning bed and breakfast in Tarpon Springs with lodging zoning. The property had been on the market for six months with a $100,000 price reduction, and they negotiated an additional $50,000 off during COVID.

It needed a ton of work. We did that work. We did a cash out refi, took that money, bought another short-term rental.

• Short-term rentals provide higher income potential and force better property maintenance. Guests on vacation tend to be happier than tenants who typically only contact owners when problems arise.

• Higher net income (2-2.5x more than long-term)
• Properties cleaned multiple times weekly
• Happy vacation guests versus problem-focused tenants
• Owner-use flexibility through property arbitrage

• Lauren explains the math behind early retirement: needing $2.5 million in stocks for $100,000 annual income at a 4% withdrawal rate. Their hybrid approach targets $50,000 from rentals and $50,000 from stocks, requiring less total capital.

Short-term rentals alone will net about $40,000 to $50,000. So technically... we're financially independent.

• Lauren is most active on Twitter @adultingiseasy, and also maintains Instagram @adultingiseasyreal, her website realadultingiseasy.com, and her podcast 'Adulting is Easy' focused on making personal finance accessible.