Home buying and renting homes come with the territory in the military. Frequent moves lead many of us to buy or rent out of necessity, not because it’s our first choice. But how can you turn that lack of control into a way to make money?
In this episode, Army veteran Joe Riley shares how you can use short-term house rentals to make money during and after your military career.
Joe and his wife are the founders of Patriot Family Homes. They started short-term rentals in 2017 when they listed their home near Fort Benning on Airbnb while Joe deployed to Afghanistan. They quickly realized the need for furnished temporary housing near military bases. So they started saving up, and by the end of 2018, Rachel and Joe had bought 4 Airbnbs.
By 2020, the company had grown to 50 homes. That rose again to 100 by 2021, and today Patriot Family Homes has 50 employees and 400 short-term rentals.
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The Military Money Show is supported by Navy Federal Credit Union. For more than ninety years, Navy Federal has made it their mission to help people in all branches of the military and their families. We’re kicking off Military Appreciation Month, so a big shout to all of you who have served in the military and to all of the family members who have taken up that service too. Thank you for all that you do and have done! You can learn more about how Navy Federal is celebrating the commitment that connects them to their members at navyfederal.org.
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