Matthew Collett, Branch Manager at Nations Lending, interviewed on the Colorado Real Estate Leaders podcast
Matthew Collett discusses the differences between traditional and short-term investment leasing models for borrowing money for a mortgage.
Listen to the interview on the Business Innovators Radio Network:
There has been a recent trend of property owners renting out their homes on a short-term basis through platforms such as Airbnb. While this can be a great way to earn extra income, it’s essential to be aware of the potential risks involved.
Traditional leases are usually for a minimum term of six months and often require the tenant to pass a credit check and a background check. On the other hand, short term rentals can be as short as one night. This flexibility may appeal to travelers or those looking for accommodation for a shorter period.
However, there are a few downsides to renting a house short term. For one thing, people may not have the same level of damage protection as with a traditional rental agreement. Additionally, they may have to deal with more wear and tear on their home, as well as more guest turnover.
If someone is considering renting out their home for the short term, it is important to weigh the pros and cons carefully. They must ensure that they understand the risks involved before making any decision. More importantly, they must work with a knowledgeable mortgage lender who can help them navigate the process so that it is a complete success.
Client Steven M. says, “Matt knows the industry very well and takes the time to explain the process in plain language. He is patient and caring and really cared about helping me achieve my goals with this mortgage. He works very well with his team and everyone from Nations has been courteous and attentive to my needs.
Client Lauren A. says, “As first-time home buyers, Matthew made this process really simple and easy for us. He answered all our questions quickly, was thorough and efficient, and it is truly a pleasure to work with him.
About Matthew Collet
As a mortgage professional, lending in Colorado for over 15 years, his number one goal is to provide the best possible service to his clients. Every client is different and deserves the time and attention it takes to create a personalized real estate financing strategy to best achieve their specific goals. Matthew believes that building a successful mortgage business requires a client-centric approach, which his clients will experience when working with him and his team. When working with him to buy or refinance a home, borrowers will have access to his team at all times and will be kept up to date on the progress of their loan throughout the process. He understands how stressful the process can be and realizes how important it is to communicate. He is originally from Colorado and grew up near Golden, earned degrees in finance and real estate from the Leeds School of Business at the University of Colorado in Boulder, and lives in the Highlands in Denver with his wife, newborn daughter. born and her two dogs. .
Learn more: https://card.nationslending.com/matthew-collett