Medium-term rentals are not new to real estate investing, but most investors have hardly heard of them. For years, corporate travelers would rent a room, apartment, or small property for a year or less. These travelers would pay a premium to avoid long-term leases and stay close to their work. But, with the rise of traveling nurses and digital nomads, the medium-term rental strategy is in a revival when investors need it most.
Joining us on today’s show are investors, coaches, and authors, Sarah Weaver and Zeona McIntyre. Their new book, "30-Day Stay," is a masterclass in the wonderful world of medium-term rentals, walking new investors through everything they need to double their cash flow almost overnight. This strategy sounds too good to be true, but even a short-term rental king like Tony Robinson says that he’s intrigued. So is there a catch to this no vacancy, high cash flow, and often headache-free type of housing?
In this episode, you’ll learn the pros (and very limited cons) of investing in medium-term rentals. You’ll also hear which markets this strategy works best in, what type of software you’ll need to run one, and how medium-term rentals are starting to rival vacation rentals! If you’re looking for an investment with a high ROI, that doesn't need to be minutes from a beach, this strategy is for you!
00:00 Intro 04:42 Medium-Term Rentals Explained 06:55 30-Day Stay 09:26 Analyzing a Medium-Term Rental 12:45 Tenant Screening Tips 18:36 Leases and Rental Agreements 20:34 Which Markets Work Best for MTR? 25:43 Double Your Rent Overnight! 29:48 Tenant Turnover 32:51 How to Get Started 36:23 Sarah and Zeona's Software Picks 38:20 Grab the New Book!
