Want 200% more income? With medium-term rental properties, you can make DOUBLE the amount of money as a long-term rental. And here’s the best part: unlike short-term rentals, you don’t have to deal with the constant turnover, endless cleaning, and ever-changing tenants. With medium-term rentals, traveling professionals will be ready to pay top dollar to stay in your property. But, with this strategy being so new in the rental property realm, how do you price them?
We, unfortunately, don’t have a magical tool that gives you 100% accurate property pricing all the time, but we do have the next best thing, Jesse Vasquez. Jesse is a pioneer in the medium-term rental space, building a business that makes him over seven figures a year, working with some of the TOP corporate housing agencies in America. Jesse’s success relies on his ability to price accurately, and he’s about to show you the exact steps he takes.
If you want to DOUBLE your rental income, find your property’s perfect rent price, and retire with fewer rentals, keep watching this!
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Grab the BiggerPockets Book on Medium-Term Rentals, “30-Day Stay”:
https://store.biggerpockets.com/products/30-day-stay?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Jesse On the “BiggerPockets Real Estate” Podcast:
728: https://www.biggerpockets.com/blog/real-estate-728?utm_source=youtube&utm_medium=description&utm_campaign=none
780: https://www.biggerpockets.com/blog/real-estate-780?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tools for Pricing Your Rental:
BiggerPockets Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
ChatGPT: https://chat.openai.com/
Furnished Finder: https://www.furnishedfinder.com/stats
Mashivsor: https://www.mashvisor.com/blog/bp?utm_source=biggerpockets&utm_medium=ads&utm_campaign=newsletter
Pricelabs: https://hello.pricelabs.co/
Rentometer: https://www.rentometer.com/
Zillow: https://www.zillow.com/
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Follow Jesse:
BiggerPockets: https://www.biggerpockets.com/users/jessev27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @therealjessevasquez or https://www.instagram.com/therealjessevasquez/
YouTube: https://www.youtube.com/@JesseVasquezAirVenture
0:00 How to Price a Medium-Term Rental
2:30 Pricing the First Property
4:34 Best Pricing Tools
7:25 Running Comps
8:35 2x Your Long-Term Rent!
12:16 Set Your Perfect Price