Podcasts about furnished finder

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Best podcasts about furnished finder

Latest podcast episodes about furnished finder

The Accidental Landlord
Mastering the Mid-Term: Why 3-6 Month Rentals Might Be Your Sweet Spot

The Accidental Landlord

Play Episode Listen Later May 28, 2025 41:17


In this episode of The Accidental Landlord, we dive into the often-overlooked world of mid-term rentals - the 3 to 6-month sweet spot that's gaining traction across the property market. Whether you're managing a single property or scaling up a portfolio, this episode is packed with practical advice on: Why mid-term rentals might offer the best of both worlds (less wear than short-term, more flexibility than long-term) The types of tenants that suit this model - from corporate travellers to displaced homeowners The unique legal and tax implications you need to know How to market your property for mid-term success (hint: photos still matter!) Plus, you'll hear real-world anecdotes and a few honest landlord confessions that'll make you feel a little more seen. Tune into the full episode so you don't miss a special offer of 20% off with Furnished Finder (offer expires May 28, 2025). Key Takeaway: Mid-term rentals aren't just a backup plan - they can be a smart, strategic option that improves cash flow and reduces turnover headaches.

Thanks For Visiting
466. Hosting Hotline: Should You Try Midterm Rentals? Here's What to Know Before You List

Thanks For Visiting

Play Episode Listen Later May 27, 2025 14:50 Transcription Available


In this week's Hosting Hotline, we're answering a question we hear all the time: Should I consider midterm rentals (30+ day stays)? If you're wondering whether it's the right move for your property, this episode will help you break it down.We cover the pros, cons, and what it really looks like to add midterm rentals into your hosting strategy—including Sarah's firsthand experience with listing on Furnished Finder during the off-season.We break down:What counts as a midterm rental—and how it's different from STRs and LTRsThe pros: lower turnover, longer stays, consistent income, and guest qualityThe cons: more hands-on screening process, less automationWhy midterm guests are not just short-term guests staying longerHow to test the waters using platforms like Furnished FinderWhat amenities, furniture, and stocking levels midterm guests expectHow to check demand in your market before jumping inA $30-off listing code to get started risk-free on Furnished FinderWe're also joined by Tanya Shin, Chief Growth Officer at Furnished Finder, who shares trends they're seeing (hint: it's not just nurses anymore) and the best way to see if your city is midterm-ready.

The Landlord Diaries
How To Furnish A Monthly Rental Like A Pro (with Minoan & Furnished Finder)

The Landlord Diaries

Play Episode Listen Later May 26, 2025 45:04


Want to attract high-quality tenants and boost your midterm monthly rental cash flow—without overspending on furnishings? This episode of The Landlord Diaries is your ultimate guide. We're joined by Jennifer Zureikat, Marketing Director at Minoan, to reveal how landlords can furnish monthly rentals beautifully, affordably, and strategically. Learn how to skip the overwhelm, cut costs drastically, and even monetize your furnishings through Minoan's unique tools—like digital showrooms and affiliate commissions from your guests. Jennifer shares her real estate journey to monthly rentals and Furnished Finder. You'll hear practical tips from three active midterm rental operators who know exactly what it takes to turn a unit into a guest magnet.BONUS: FREE Midterm Rental Furnishing Checklist—created by Minoan & Furnished Finder— start furnishing smarter, not harder. https://assets.ctfassets.net/8rvbu1uw8lem/4pKVOxeFmg0umMHL2vclew/0cfaabe735029d6f5181bb20cdf26aa6/Monthly_Rental_Essentials_Checklist_-Minoan-Furnished_Finder-.pdfGet Started with Minoan: https://minoan.com/partnership-ff-2025 List Your Property Now on Furnished Finder:https://www.furnishedfinder.com/list-your-property

Real Estate Talks
EP 118 - Cami Narino - Maximizando Ingresos de Airbnb a MTR (Renta a 30 Días o Más)

Real Estate Talks

Play Episode Listen Later May 21, 2025 46:11


The Landlord Diaries
How To Keep Over 95% Occupancy with Monthly Rentals

The Landlord Diaries

Play Episode Listen Later May 12, 2025 29:44


Are you leaving money on the table because your calendar isn't optimized? In this episode of The Landlord Diaries, Kelly and Katie—two seasoned midterm rental pros and Furnished Finder hosts—reveal the exact strategies they use to keep over 95% occupancy across their portfolios.Whether you're managing one unit or scaling to 10+, this episode breaks down the most impactful calendar tactics for monthly rentals and why an accurate, updated listing on Furnished Finder is the key to staying booked.Maximize visibility on Furnished FinderAvoid common mistakes that reduce booking potentialCreate booking systems that generate passive income with fewer turnoversPlus, learn how to link your Airbnb/VRBO calendars, preview your listing through the eyes of travelers, and use communication habits that turn inquiries into bookings.If you're serious about reducing vacancy and attracting better tenants, this episode is a must-listen. Brought to you by FurnishedFinder.com, the leading platform for 30+ day rentals.Highlights:0:55 Meet Your Hosts: Kelly & Katie share how they built their midterm monthly rental portfolios using a mix of owned and arbitraged properties3:50 What's in This Episode: Learn how to master the new Furnished Finder calendar and boost your occupancy rates.4:45 Visibility Starts with Accuracy: Why an updated calendar is key to appearing in more tenant searches.6:05 The Two Core Settings You Must Get Right: How minimum stay requirements and block dates impact bookings.7:30 Real-World Walkthrough: Kelly shares how she manages calendar updates with unpredictable contractor stays.9:10 How to Link Your Calendar: Link your Furnished Finder calendar with Airbnb and VRBO for less manual work.11:35 Calendar Mistakes That Kill Your Occupancy: Don't forget to block dates, update listings, and never let your account expire!16:10 Pro Strategies for High Occupancy: How to keep your listing visible and get booked even with long stays.17:15 Should You Accept Future Reservations Now? Weighing the pros and cons of booking far in advance.21:35 Audit Your Listing Like a Renter: Ensure your listing is compelling, clear, and includes all the must-have info.25:20 Improve Your Communication Game: Win more bookings with clear, friendly, and professional responses.26:50 MTR + STR Hybrid Tactics That Work: Apply the faucet method or use short-term rentals strategically to fill midterm gaps.28:05 Wrap-Up: Pick 1–2 strategies to implement today- - -List Your Property Now on Furnished Finder:https://www.furnishedfinder.com/list-your-propertyHost Katie Lyon's Properties:https://www.furnishedfinder.com/members/profile?u=katie.lyon8  Host Kelly Bailey's Properties:https://www.furnishedfinder.com/members/profile?u=Kelly.Bailey13The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Colorado Real Estate Podcast
This City just Banned all Short Term Rentals. Is Your Town Next?

Colorado Real Estate Podcast

Play Episode Listen Later May 7, 2025 16:36


In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, tackle two critical issues affecting property investors: Furnished Finder's new "worry-free waiver" program and a concerning short-term rental ban in Woodland Park, Colorado. They analyze Furnished Finder's deposit alternative which charges hosts $60-80 monthly for protection up to $3,500 in damages, highlighting numerous limitations including cosmetic damage exclusions and comparing it unfavorably to traditional landlord protection policies. The hosts argue that security deposits serve not only as protection but also as an essential tenant screening tool—if prospective tenants cannot afford a deposit, they likely cannot afford the rental itself. The second segment examines Woodland Park's citizen-led ballot measure that completely banned STRs without grandfathering existing permit holders. What's particularly alarming is a recent court ruling suggesting property owners have little chance of successful legal challenge, setting a potentially dangerous precedent unlike previous regulatory changes in Colorado communities which typically preserved existing STR permits. Throughout the episode, the hosts emphasize the importance of working with knowledgeable professionals who understand local STR laws and can help investors navigate the increasingly complex regulatory landscape. Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com For more information visit: https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/

The Landlord Diaries
The Ultimate Monthly Rental Lease Guide

The Landlord Diaries

Play Episode Listen Later Apr 28, 2025 39:42


Did you know only 50% of tenants signed a lease for their last mid-term rental stay? That stat shocked us too. In this episode, we're diving into why every landlord offering monthly furnished rentals needs a rock-solid lease agreement—and exactly how to build one that protects you and your property without overcomplicating things.We're joined by Deborah Holstein, Chief Growth Officer at Rocket Lawyer, to break down the essentials of a great lease for mid-term rentals. Whether you're brand new to monthly rentals or you've hosted dozens of traveling nurses and corporate guests, this episode is your roadmap to creating clear, legally sound, and easy-to-manage lease agreements.Through Furnished Finder's powerful partnership with Rocket Lawyer, landlords have access to state-specific, attorney-approved leases that are tailored to the unique needs of the MTR (Mid-Term Rental) space. We talk through the 8 things every MTR lease needs, real-world landlord data, and tips to avoid common mistakes that can cost you time, money, or your property's reputation.What You'll Learn in This Episode:- Why a lease matters more than you think for monthly stays- The 8 essential elements every MTR lease should include- Furnished Finder data: average deposits, pet fees, cleaning fees & more- How to handle early lease termination (ELT), utilities, shared spaces, pets &  damage waivers- Why generic leases from friends or Google just won't cut it- How to get started today using KeyCheck & Rocket Lawyer toolsThis episode is packed with actionable insights to help you operate like a pro.

The Landlord Diaries
Monthly Stays: How an 8-Year Travel Nurse Earns with Room Rentals, FF136

The Landlord Diaries

Play Episode Listen Later Apr 21, 2025 30:49


Are you curious about monthly stays, room rentals or how to earn while you travel? Meet Reva Lewis, a NICU nurse and seasoned traveler who has spent over eight years crisscrossing the U.S. using Furnished Finder for safe, affordable stays. With around 80% of her travels booked on Furnished Finder—including both room rentals and entire spaces—Reva knows what midterm renters prioritize, from pricing and privacy to flexible lease terms.As a travel nurse turned host, she shares insider tips on room rentals, house hacking, and setting up your property for success. Whether you're a property owner looking to boost your income or a travel nurse in need of housing, this episode is packed with actionable insights on pricing strategies, travel nurse stipends, cancelled contracts and location challenges in rural markets.Check rental demand in your area: https://www.furnishedfinder.com/statsList your property now on Furnished Finder: https://www.furnishedfinder.com/list-your-property Highlights:0:00 Welcome to The Landlord Diaries2:00 House hacking & room rental benefits for real estate investors3:00 Who books room rentals? Travel nurses, professionals & corporate travelers3:55 Pricing & privacy: How travel nurses choose between a room or an entire space5:50 Travel nurse industry insights: How Mardi Gras impacted the industry6:35 Midterm rentals vs. short-term rentals: How MTRs benefit local communities7:20 Location challenges: Why more midterm rentals are needed in rural areas9:00 Why Furnished Finder? More control over pricing & tenant communication12:50 The best questions to ask as a host & traveler before booking14:35 Cancelled contracts & flexible lease terms – tips from experienced hosts17:35 Considering room rentals? Reva's top 3 tips for success19:35 Financial upsides of room rentals & house hacking for monthly travelers21:45 Managing midterm rental payments through KeyCheck25:15 Are property showings expected for midterm rental guests?28:25 Reva's favorite Furnished Finder stay: What makes a rental stand out29:50 Connect with Reva Lewis for travel nurse housing & room rental advice

The Landlord Diaries
How I Built a Cash Flow Machine with Travel Nurses & Furnished Finder, FF135

The Landlord Diaries

Play Episode Listen Later Mar 31, 2025 32:33


How do you achieve a 12-18% cash-on-cash return with Furnished Finder? Mark Reed, founder of SURE Property Management, Development & Construction shares how he built a thriving Furnished Finder portfolio in Baltimore, MD, by revitalizing a neighborhood hosting medical professionals. Learn how I built a cashflow machine with travel nurses & Furnished Finder in this episode of Landlord Diaries. Discover how to maximize profits with this unique rental strategy!In this episode, Mark reveals:✔️ Why medical districts are goldmines for mid-term rentals✔️ How travel nurses can stay 90-180+ days, achieving nearly 100% occupancy ✔️ The 3 biggest advantages: Furnished Finder, MTR cash flow & medical travelers✔️ How he revitalized a community while scaling his rental business

The Landlord Diaries
2.5 Years, 10 Cities: What Makes a Rental Stand Out to Digital Nomads

The Landlord Diaries

Play Episode Listen Later Mar 24, 2025 40:26


What do digital nomads really look for in a monthly furnished rental? After 2.5 years on the road, living in 10 different Furnished Finder properties, Chelsea Kimlel has seen it all—the good, the bad, and the never again. In this episode, she reveals the must-haves that make a property stand out, the common mistakes that drive tenants away, and the key listing details that stop a traveler's scroll.From Furnished Finder search tips to messaging mistakes, lease terms to storage space, Chelsea shares what makes a rental truly livable for monthly furnished travelers like her. If you want more bookings and better tenants, don't miss this episode!

Colorado Real Estate Podcast
How We Decided NOT to Sell Our Colorado Property in Today's Market

Colorado Real Estate Podcast

Play Episode Listen Later Mar 19, 2025 18:37


In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, seasoned real estate agents and investors, explain why they've decided not to sell their Colorado Springs home despite shifting Denver real estate market trends. For anyone wondering should I sell my house in 2025, they outline four key reasons for holding: confidence in long-term real estate investing strategies 2025, the lack of a better investment option, the importance of asset diversification, and the advantage of keeping a low-interest mortgage. Their insights help sellers and investors weigh the pros and cons of selling versus holding in today's market. They also dive into the controversy around Furnished Finder leads, sharing their experience with mid-term rentals (MTR) and why these leads often fail to convert. Erin explains smarter ways landlords can focus their time to increase rental property income, rather than chasing cold leads. The hosts offer clear advice on rental property pricing strategies for landlords, optimizing tenant searches, and making informed decisions in today's complex real estate environment. Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com For more information visit: https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/  

The Landlord Diaries
Why Some Hosts Prefer MTR Over STR: Honest Review, FF133

The Landlord Diaries

Play Episode Listen Later Mar 17, 2025 46:00


What if your short-term rental faced heavy restrictions—but instead of losing income, you unlocked a high-demand niche with 90% occupancy? That's exactly what Bella and Levi Linchenko did by leveraging Furnished Finder and midterm rental (MTR) strategies. They transformed a live-in flip into a high-performing MTR business and even used their rental income to fund a ski trip to the Alps! If you're wondering how to attract digital nomads, traveling professionals, and retirees, this Furnished Finder Landlord Diaries episode is packed with actionable insights.In this episode, they reveal: ✅ Why they chose MTR over STR (without losing income) ✅ Why transparency leads to happier guests & fewer headaches ✅ How MTR revenue funded their Alps ski trip ✅ The key differences in furnishing MTR vs STR properties ✅ Why midterm guests are easier to manage than short-term renters ✅ How to address seasonality & maximize occupancyPlus, Bella & Levi share expert design tips for MTR success, including market research, must-have furnishings, and costly design mistakes to avoid. Whether you're a real estate investor, STR host looking to pivot, or a newbie in MTRs, this episode is a must-listen!

Colorado Real Estate Podcast
Furnished Finder vs Airbnb: Which Platform Wins for Mid-Term Rentals?

Colorado Real Estate Podcast

Play Episode Listen Later Mar 12, 2025 17:42


In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, real estate agents and investors, dive deep into the best platforms for mid-term rentals, focusing on the top five most frequently asked questions about Furnished Finder. They explain how Furnished Finder works for landlords and investors, including details on subscription costs, how to set up a listing, and how to screen tenants for rental property using KeyCheck. Erin shares her evolving perspective on the platform, how it fits into the broader real estate investing strategies for 2025, and why it may be time for investors to diversify beyond Airbnb. The hosts also explore whether now is a good time to sell a condo in Denver, backed by real-life examples and recent data from the Denver Metro area. Erin and James recount a personal experience where a buyer who purchased their former condo ended up reselling it for $60,000 less within 18 months. They discuss key factors impacting Denver condo market trends, such as HOA reserve funds and deferred maintenance, and compare the risks and rewards of condo vs single-family home investment. This discussion offers valuable insights for both buyers and sellers navigating the complexities of today's housing market. Additionally, they outline actionable rental property pricing strategies for landlords, including how to stay competitive in oversaturated markets without sacrificing profitability. Whether you're trying to attract high-quality tenants for your luxury mid-term rental or simply want to understand how to increase rental property income, this episode is packed with expert guidance. Erin and James also touch on the importance of property upgrades, staging, and photography in increasing both rental rates and resale value, offering advice for maximizing ROI in today's real estate market trends for buyers and sellers. If you're a real estate investor wondering about the best markets for real estate investors or how to adjust your strategy in 2025, this episode delivers key takeaways and proven techniques to grow your portfolio and improve your returns in an evolving marketplace. Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com For more information visit: https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/

The Landlord Diaries
The #1 Strategy for Finding Profitable Midterm Rental Markets, FF132

The Landlord Diaries

Play Episode Listen Later Mar 10, 2025 34:25


Getting started in mid-term rentals or buying your next investment property? Whether you're a new or experienced investor, Colin Wong has cracked the code on scaling mid-term rentals across multiple markets. With 10+ MTRs and 70% of his bookings coming from Furnished Finder, Colin shares proven strategies for picking the right markets, maximizing cash flow, and managing properties remotely. Tune in to learn how he balances equity growth with cash flow, finds investor-friendly realtors, and optimizes his listings for consistent bookings.List Your Property Now on Furnished Finder:https://www.furnishedfinder.com/list-your-property 

Colorado Real Estate Podcast
One-Third of Homeowners Will NEVER Sell—What It Means for Real Estate Investors

Colorado Real Estate Podcast

Play Episode Listen Later Feb 26, 2025 17:58


In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, dive into the hot debate of whether short-term rentals (STRs) and mid-term rentals (MTRs) truly benefit from a direct booking site or if it's an unnecessary SEO battle against giants like Airbnb, VRBO, and Furnished Finder. They discuss how rental property SEO impacts visibility, why many investors struggle with direct bookings, and how social media platforms like Instagram and TikTok might influence younger renters' behaviors. The conversation then shifts to a startling real estate trend—one-third of homeowners will never sell, significantly affecting housing supply and demand. Erin and James break down what this means for investors, the impact of real estate market trends, and why homeowners not selling could change the investment landscape for years to come. If you're looking to optimize your rental property strategy and stay ahead in real estate investing, this episode is a must-listen. For more information visit: Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/

The Landlord Diaries
Gain Back Your Time: Start A Mid-Term Rental Arbitrage Business Today! FF131

The Landlord Diaries

Play Episode Listen Later Feb 24, 2025 40:09


Looking for a lucrative side hustle that fits into your busy life? Discover how Lara Stuart, a registered nurse with 28 years of experience, built a successful mid-term rental arbitrage business with Furnished Finder while maintaining her W2 job and family life. In this episode of the Furnished Finder Landlord Diaries podcast, hosts Kelly Bailey & Katie Lyon dive into how Lara secured 100% of her bookings through Furnished Finder, partnered with an upscale apartment complex, and self-manages her out-of-state rentals with ease.List Your Property Now on Furnished Finder:https://www.furnishedfinder.com/list-your-propertyChapters0:00 Welcome to The Landlord Diaries1:40 Why is MTR rental arbitrage an appealing income stream?7:00 How to pitch corporate leasing to high-end apartment complexes8:05 Ten out of fifteen complexes said YES to corporate leases!14:40 How much profit can you make with rental arbitrage?19:15 The power of a great cleaner & team for out-of-state management24:10 Furnished Finder tools: Message templates & Worry-Free Waiver28:10 Annual arbitrage projects you should prepare for34:05 Why your space doesn't need to be perfect to get startedWhether you're a seasoned investor or a beginner looking to break into the mid-term rental space, this episode is packed with actionable insights to help you launch or scale your rental arbitrage business.

The Landlord Diaries
4 Tips To Become A More Efficient Landlord on Furnished Finder, FF130

The Landlord Diaries

Play Episode Listen Later Feb 10, 2025 44:21


Are you tired of feeling overwhelmed as a landlord? In this video, we're sharing our top 4 tips to help you become a more efficient landlord and maximize your midterm rental business. From utilizing property management software to streamlining your lease strategies, we're covering it all. As a Furnished Finder host, you know how important it is to stay organized and on top of your game. That's why we're diving into the best property management hacks and tools to help you succeed. Whether you're just starting out or looking to scale your business, these tips will help you take your midterm rentals to the next level. So, if you're ready to join the ranks of successful entrepreneurs on Furnished Finder, be sure to watch until the end.Welcome back to the Furnished Finder Landlord Diaries podcast for part two of our book review with Grace Gudenkauf, Bigger Pockets co-author of The Self-Managing Landlord. Grace is a real estate entrepreneur with over twenty rentals, coach and co-founder of WIIRE, Women Invest In Real Estate. In part one, we discussed the pros & cons of self-managing, tenant screening advice & how to handle tenant emergencies with Amelia. Today with Grace, we will dive into the operational side of mid term rentals to discuss things like MTR lease advice, fees & the overall structure of the mid-term rental "move in" process.List Your Property Now on Furnished Finder:https://www.furnishedfinder.com/list-your-property Episode Highlights:⏳ 0:00 - Landlord Diaries Intro

The Landlord Diaries
The Pros & Cons of Self-Managing Your Midterm Rental with Amelia McGee, FF 129

The Landlord Diaries

Play Episode Listen Later Jan 27, 2025 45:25


Are you considering self-managing your midterm rental property? Watch this video as BiggerPockets Author, Amelia McGee, discusses the pros and cons of property management, and get valuable insights into the MTR landlord process. Whether you're a seasoned property manager or a beginner, this video will provide you with the information you need to make an informed decision about managing your midterm rental property, tenant screening questions, deposit free options and valuable investment insights. Welcome back to The Landlord Diaries! Amelia McGee, a real estate mogul with over 40 rental properties and co-author of The Self-Managing Landlord, a Bigger Pockets favorite. Amelia shares her journey from partnerships in business to managing a diversified portfolio of long-term, short-term, and midterm rentals (MTRs). Learn how she uses tools like Furnished Finder to achieve nearly 100% midterm rental occupancy, boost cash flow by $500/unit monthly, and maintain quality control as a self-managing landlord.

Centered in the City
Solo Episode: Leaping into the Unknown- The Courage to Move Abroad

Centered in the City

Play Episode Listen Later Jan 23, 2025 31:01


In this episode, I reveal the ins and outs of navigating big life changes. I share the behind the scenes journey of moving abroad for an extended period of time and what it took to get my husband and I here. I also share four mindsets you can hold to support you making big life changes. Take a listen and share your takeaways with me on Instagram @OneWade or send me a note here.    Resources shared: Intention Setting Party (Virtual on January 25th,2025) Kindred Home Exchange referral link Furnished Finder  

The Landlord Diaries
Why Accessory Dwelling Units Are the Solution to Housing Shortages

The Landlord Diaries

Play Episode Listen Later Jan 13, 2025 44:17


Are accessory dwelling units (ADUs) the ultimate real estate hack? In this episode, we sit down with Derek Sherrell, aka "That ADU Guy," to explore the benefits of accessory dwelling units and how ADUs are transforming the housing market. With over 49,000 Instagram followers and 26,000 YouTube subscribers, Derek is on a mission to influence the creation of one million ADUs nationwide.Discover why ADUs are called the "missing middle" of housing and how they solve affordability issues while delivering unparalleled cash flow opportunities. Derek shares his personal real estate journey, the mindset needed to start building ADUs, and actionable strategies to overcome zoning and planning challenges. Plus, hear real-life case studies of successful mid-term rental ADUs and how they cater to traveling professionals and other niche markets.Whether you're new to real estate investing or a seasoned pro, this episode is packed with actionable insights, including why ADUs are the gateway to creative investing, how they add value to communities, and the market trends shaping midterm rentals.Video Chapters:0:00 Welcome to the Landlord Diaries2:20 Are ADUs worth the investment?3:35 The mission: influence one million ADUs nationwide9:15 Does an ADU add value to a house?11:40 How ADUs open the door to increased cash flow12:40 Why ADUs are the "missing middle" in housing19:15 Overcoming zoning and planning challenges24:55 These 7 states support additional dwelling units25:45 Real stories of successful mid-term rental ADUs29:20 The viability of this housing asset type34:55 Major market trends with midterm rentals38:10 Midterm rental demand is growing quickly38:45 Derek's practical tips on the market, ADUs and MTRsTune in to discover how ADUs can revolutionize your real estate portfolio and create meaningful, lasting impact in your community. Don't forget to connect with Derek at ThatADUGuy.com or @ThatADUGuy for free tools, courses, and consultations!List Your Property on Furnished Finder Now:https://www.furnishedfinder.com/list-your-propertyTrending Midterm Rental Resources:https://www.furnishedfinder.com/Resources/PMResources  Derek's Listings on Furnished Finder: https://www.furnishedfinder.com/members/profile?u=derek.sherrellFurnished Finder's ADU Playlist:https://www.youtube.com/playlist?list=PLokjj6PCc5Xxufs1djS8aQ-kO6akkEcOPThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
10 Insider Secrets When Listing Your Mid-Term Rental, FF127

The Landlord Diaries

Play Episode Listen Later Dec 30, 2024 28:09


Ready to transform your Furnished Finder listing into a traveler's dream? Join us for an in-depth tutorial on how to set up your first—or next—property listing, complete with insider advice you won't find anywhere else. Kelly and Katie dive deep into key questions like: How do I price my mid-term rental? Should you invest in a full kitchen or stick with a kitchenette? What fees and amenities matter most to tenants?In this episode, we cover everything from writing a killer headline to selecting must-have amenities and pricing strategies that ensure profitability. You'll also learn why being pet-friendly gives you a competitive edge, how to stand out with your photos, and which Furnished Finder features (like real-time notifications and calendar best practices) are essential for success.If you're looking to attract more tenants, maximize bookings, and boost your rental income, this guide has everything you need to stay ahead of the competition.Key Takeaways and Timestamps:

The STR Sisterhood
Midterm Rentals: Revolutionizing Your Real Estate Strategy with Katie Lyon

The STR Sisterhood

Play Episode Listen Later Dec 17, 2024 51:47


Are you looking for a game-changing strategy to boost your real estate investments? In this episode, I sit down with Katie Lyon, a marketing expert and savvy midterm rental investor, to explore how midterm rentals can transform your investment journey. Katie shares her personal story of how she and her family unexpectedly ventured into midterm rentals and quickly scaled their portfolio to success.You'll discover why starting small is often the key to building a solid foundation and how Katie identifies the best properties while fostering valuable relationships with landlords.  We'll dive deep into the operational differences between midterm and short-term rentals, with Katie offering expert advice on managing remote properties, overcoming HOA challenges, and streamlining day-to-day operations. If you're considering midterm rentals but don't know where to begin, this episode is packed with actionable insights that will help you rethink your investment strategy. Tune in to find out how midterm rentals could be the game-changer your portfolio needs! HIGHLIGHTS AND KEY POINTS: [02:06] A short introduction about our guest Katie Lyon [03:23] Katie's journey into real estate investing and  how she got started with MTRs [06:00] How Katie started and built her real estate investment portfolio  [09:23] Katie's approach to selecting and securing properties for rental arbitrage [11:01] Katie's strategy for negotiating with landlords to approve rental arbitrage agreements [13:17] What are the key factors Katie looks for in a potential partner [16:20] Katie's real estate portfolio and her approach to balancing property types and sizes [18:12] The importance of understanding one's personal risk tolerance in real estate investing [19:21] What is “hybrid approach” to renting and how this strategy can benefit property owners [23:25] The key operational differences between that short term and mid term strategy [26:58] Katie talks about the difference between Furnished Finder and Airbnb for midterm rental hosts [29:01] Katie discusses their process for evaluating potential tenants as midterm rental hosts [30:36] What are the challenges that Katie faces and how she navigates them as a remote property host [32:37] Katie explains how she manages accesses to rental arbitrage units [34:25] Katie's view of townhomes within HOAs and their benefit to her rental properties [37:58] Katie talks about her insurance provider for her rental properties [39:18] Katie's advice for beginners in midterm rentals [40:49] The lightning round Golden Nuggets: “You have to position yourself like you are giving us just as much value as you're getting.” “What I like operationally about midterms is it's just so simple.” “Learn until you're just comfortable enough and then try.” “I think so often people feel stuck because they're waiting for that perfect time, you know? And the truth of the matter is, there's never going to be a perfect time.” “Worrying is one of the most grossly underestimated wastes of time and energy, because worrying gets you nowhere.” Enjoyed the show? Subscribe, Rate, Review, Like, and Share!

The Landlord Diaries
Secrets to Mid-Term Rental Success | Must-Know Tips from Furnished Finder COO Cami Narino, FF126

The Landlord Diaries

Play Episode Listen Later Dec 13, 2024 40:12


In this episode of The Landlord Diaries, we celebrate 10 years of growth in the mid-term rental (MTR) industry with Furnished Finder COO Cami Narino. From the company's humble beginnings to its innovative tools today, Cami shares invaluable insights for landlords looking to succeed in the evolving MTR market. We discuss everything from the evolution of tenant leads to tips for creating top-notch listings and the importance of responsiveness. Whether you're new to MTRs or a seasoned pro, this episode is packed with actionable strategies to help you thrive.Episode Highlights0:00 Intro to The Landlord Diaries1:20 The beginnings of Furnished Finder1:55 A decade of growth in the mid-term rental industry5:00 Analysis of MTR supply and demand7:15 The evolution of Furnished Finder tools9:35 The smooth tenant screening process10:15 Deposit-free protection with the Worry-Free Waiver10:55 The rise of KeyCheck for landlords12:25 Why every MTR should be on the Furnished Finder map13:40 Upcoming improvements to map and search tech15:45 Cami's best practices for landlords18:45 How to create a standout listing26:30 The evolution of tenant leads on Furnished Finder30:10 Grow with Furnished Finder by maximizing the data32:55 Why responsiveness is essential for success35:45 How Furnished Finder's team is scaling for growthList Your Property Now:https://www.furnishedfinder.com/list-your-propertyTrending Midterm Rental Resources:https://www.furnishedfinder.com/Resources/PMResources  The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
$100K from 15 Insurance Stays in 30 Days: The Midterm Rental Blueprint w/ KP Akom (FF125)

The Landlord Diaries

Play Episode Listen Later Dec 9, 2024 50:06


How do you turn a midterm rental portfolio into a $100K/month business while serving your community during times of crisis? In this episode, we sit down with KP Akom, a U.S. Army veteran and the CEO of Streamlined Stay Solutions, to uncover his incredible journey from creative financing deals to filling 100 FEMA housing requests during Hurricane Helene.KP shares how he leverages Furnished Finder's Housing Request feature to secure high-value government and insurance contracts, how he tests markets with rental arbitrage before purchasing, and why midterm rentals are the ultimate niche for savvy investors. Whether you're curious about scaling with subject-to deals, managing properties across multiple markets, or thriving in the midterm rental, corporate housing space, this episode is packed with actionable insights. KP owns and operates over 40 properties on Furnished Finder, making him an expert in this space.Time Stamps0:00 Intro to The Landlord Diaries1:55 Meet KP Akom: Army Veteran & Real Estate Expert2:45 Discovering Midterm Rentals: The Surprising Start4:10 How Furnished Finder Transformed KP's Business6:15 Building a Portfolio: 40 Owned & 20 Managed Rentals7:30 Market Testing with Arbitrage Before Buying13:05 Scaling with Creative Financing: Subject-to Success14:40 Filling 100 FEMA Housing Requests During Hurricane Helene18:10 Managing 200 Housing Request Leads Overnight!19:05 The Selection Process: What Properties Stand Out?21:55 Responding to Hundreds of Landlords Efficiently23:55 Analyzing Market Trends with Furnished Finder Data27:50 Partnering with Furnished Finder Hosts for Insurance Housing Success32:50 Inside the Streamlined Stay Solutions Operations Team36:40 Key Differences: Insurance Stays vs. Government Contracts40:45 Who Travels for Government Contracts? A Breakdown41:45 Myth-Busting: Furnished Finder & Property Management Systems46:05 Exploring Furnished Finder's Internal PMS Options47:30 Connect with KP Akom & Streamlined Stay SolutionsList Your Property:https://www.furnishedfinder.com/list-your-propertyMidterm Rental Resources:https://www.furnishedfinder.com/Resources/PMResources  KPs Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Streamlined.Stay.Solutions The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF124 The Surprising Tenant Types You'll Meet in Midterm Rentals w/ Realtor Candice Menard

The Landlord Diaries

Play Episode Listen Later Dec 2, 2024 45:21


In this episode of The Landlord Diaries, we dive into the transformative mid-term rental (MTR) strategy with Candice Menard, a Realtor and Founder of Rent It Like A Saint in Lake Charles, LA. Candice has revamped her real estate portfolio, transitioning from aging long-term rentals (LTRs) to newer, high-performing midterm rental properties. Hosting travel nurses, construction teams, and displaced families, Candice shares her journey of building generational wealth and managing a family real estate business through intentional MTR strategies.What You'll Learn in This Episode:Guest Story: How Candice utilized 1031 exchanges to sell older LTRs and purchase modern 4 bedroom homes tailored for MTR tenants.Hosting Travel Nurses: Expert advice for renting by the room, setting house rules, and ensuring smooth tenant experiences.Construction Teams as Tenants: Tips for accommodating their unique needs, from parking strategies to ROI-driven amenities like king-sized beds.In this episode we cover:0:00 Landlord Diaries Intro2:55 Building generational wealth with real estate6:05 Candice first MTR experience: renting rooms to travel nurses8:05 Buying 4-bedroom homes for MTR tenants10:00 Selling older LTR homes to fund nearly new MTR homes12:05 Using 1031 exchanges to scale your portfolio16:15 Hosting med pros & construction teams in 4 bedroom homes16:50 Screen all your midterm tenants17:35 Types of MTR tenants19:20 House rules for MTR room rentals22:15 Parking strategies for MTR properties23:35 Are construction teams a steady source of MTR bookings?24:30 Disaster recovery housing opportunities26:45 Enriching your community w/ MTR housing28:15 MTR housing needs for court cases, restaurant openings & medical recovery29:40 Tips for hosting construction teams33:18 Using KeyCheck for MTR management35:15 Cost analysis or ROI (return on investment) for added amenities36:20 Why you should add king beds in each room if you have the space39:05 Handling property fees and deposit alternatives44:00 Connect w/ Candice MenardList Your Property Now:https://www.furnishedfinder.com/list-your-propertyCandice's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Candice.MenardThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

BiggerPockets Real Estate Podcast
This Could Be Like Getting into Airbnb in 2012

BiggerPockets Real Estate Podcast

Play Episode Listen Later Nov 29, 2024 42:36


While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he's seeing. Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he's a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He's so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing? Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms. In This Episode We Cover: The state of the mid-term rental market and why it's looking much brighter than short-term rentals Mid-term rental investing explained, and who's staying at these properties Why rural markets actually make terrific mid-term rental investing areas How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage) How to find tenants for your mid-term rentals without paying high listing fees The (surprisingly) small property types that work best for mid-term rentals And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Shop the BiggerPockets Bookstore Black Friday SALE Grab the MTR Book, “30-Day Stay” Find an Investor-Friendly Agent in Your Area How to Invest in Medium-Term Rentals Connect with Henry Furnished Finder Stats Connect with Dave (00:00) Intro (03:10) What Are Mid-Term Rentals? (07:33) Mid-Term Demand is Still Growing (12:18) Best Mid-Term Markets (20:39) Are We Past the Peak? (22:46) Finding Tenants (26:38) Fewer Regulations? (32:42) Bullish on Mid-Term's Future Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1050 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Landlord Diaries
FF123 Mid-Term Rental Gold Mines in Unexpected Cities w/ Lee Gierszewski

The Landlord Diaries

Play Episode Listen Later Nov 25, 2024 31:59


Ever wondered where untapped mid-term rental (MTR) opportunities could be hiding? On this episode of The Landlord Diaries, we're joined by Lee Gierszewski, an innovative real estate investor in North Dakota, who's turning Bismarck's multifamily market into a booming mid-term rental portfolio. Discover why Lee transitioned long-term rentals into MTRs, how he doubled his rental income, and the surprising demand drivers for mid-sized markets. We'll dive into Lee's strategy of purchasing eight multi-family properties in a single year, his success with travel nurse demand, and why Bismarck—and other small to mid-sized cities—are hotbeds for MTR success. Whether you're looking to scale your portfolio or boost income with MTRs, Lee's journey could reveal your next investment move.Tune in to learn about:Lee's strategy for doubling rents and filling units consistentlyTips on converting and marketing units, even without full kitchensKey demand drivers in cities you might overlook, like travel nursing and local industriesIn this episode we cover:0:00 Landlord Diaries Intro2:30 Lee's MTR portfolio3:05 Why convert long term rentals to mid term4:15 Furnished Finder provides 85-90% of Lee's bookings4:45 Double your rent: $600/mo LTR, furnished for $3-4k, $1,400/mo MTR7:00 According to Lee, North Dakota is the highest paid state in travel nursing7:30 Buying 8 multi-families in one year!9:50 Why invest in Bismarck, ND13:00 Small to mid-size cities have down to earth contractors14:25 Why Lee's travelers extend an extra 3 months16:45 Providing solutions: murphy bed example19:45 Perks of naming your properties such as The Madison24:10 Round Table Discussion: Getting started in midterm rentals28:10 MTR demand in your area: FurnishedFinder.com/stats 29:45 MTR advantage: start marketing your property w/ “furniture coming soon”30:55 You don't need a full kitchen to have MTR successList Your Property Now:https://www.furnishedfinder.com/list-your-propertyTrending Midterm Rental Resources:https://www.furnishedfinder.com/Resources/PMResources  Lee's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Lee.gierszewski The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF122 Is Your Rental Protected? Discover Why Midterm Property Insurance is Essential!

The Landlord Diaries

Play Episode Listen Later Nov 18, 2024 43:00


In today's episode of The Landlord Diaries, we're pulling back the curtain on a game-changing partnership between Furnished Finder and Steadily Insurance Company, the leading name in furnished rental property insurance. Join us as we sit down with Darren Nix, Founder & CEO of Steadily, to explore why midterm landlords need unique insurance protections and what makes Steadily the best choice for furnished rentals.From discussing the gaps in traditional homeowner policies to diving into the specific coverage midterm landlords need, Darren walks us through everything you should know to protect your investment. With endorsements from CBS News, NBC, and an impressive rating on Trustpilot, Steadily is leading the charge in the insurance world—and we're thrilled to partner with them.Timestamps: 0:00 Landlord Diaries Intro3:30 Steadily filled the gap in landlord insurance5:00 An insurance program built for rental property investors6:45 Why Furnished Finder focuses on midterm rentals7:40 The difference in long term and mid term insurance policy needs9:40 How Steadily handles claims when damage occurs12:30 Damage waiver, renter's insurance & landlord insurance15:25 What landlord insurance really covers17:15 Adding an umbrella policy to Steadily19:55 Why switch from homeowner's to landlord insurance23:05 Updating policies when changing rental terms26:30 How Steadily's structure provides maximum coverage28:00 The Furnished Finder - Steadily process29:45 The ultra-fast Steadily quote process32:50 Insurance tips for room rental hosts, co-hosts & arbitrage landlords39:30 Why Furnished Finder chose Steadily

The Landlord Diaries
FF121 Increase Your Bookings With Travel Nurses - Lessons From TravCon 2024

The Landlord Diaries

Play Episode Listen Later Nov 11, 2024 29:09


In this must-listen episode of Landlord Diaries, we're diving into the world of mid-term rentals for travel nurses and traveling medical professionals—straight from the 2024 TravCon conference, the ultimate gathering for travel healthcare experts! If you're a landlord or property manager eager to attract high-quality, responsible tenants, tune in to discover the essential best practices to make your property stand out and keep your calendar booked.We'll share insights from the recent TravCon survey, revealing the incredible demand among traveling med pros and the success they're finding through Furnished Finder—America's top platform for mid-term rentals. From booking tips to safety must-knows and practical tips for handling cancellations, we've got the inside scoop on serving the traveling med pro community like a pro.Key Takeaways:TravCon 2024 Recap: What landlords need to know from the largest travel healthcare conference in the U.S.Why Host Med Pros? A look at Furnished Finder's origin story and its rapid growth, offering mid-term rental solutions with over 300,000 listings.Survey Says: 71% of med pros have used Furnished Finder, with 79% successfully finding housing and 36% booking four or more stays.Don't miss this chance to increase your booking potential, elevate your landlord skills, and cater to the growing travel healthcare workforce—hit play now!Time Stamps:0:00 Landlord Diaries Intro0:25 Insights from Travcon 20241:20 Furnished Finder's Origin Story2:35 Landlords love traveling medical professionals3:05 Travcon Survey71% have used Furnished Finder for assignments79% have successfully found housing81% have booked more than 1 stay through Furnished Finder36% have booked over 4 stays through Furnished Finder22% are just starting their travel career8:10 Is there enough travel nurse demand?10:15 Reliable mid-term rental booking process11:00 Book your med pros through KeyCheck12:15 Safety is very important to traveling med pros13:30 Earn while you travel with midterm rentals14:55 Host Katie Lyon's MTR profit margins17:30 Room rentals are a great option for traveling med pros18:30 Landlord best practices housing travel nurses & med pros19:35 Travelers are concerned about getting their security deposit back and love our new damage waiver that can replace a security deposit21:50 How to handle canceled contracts23:25 Worry Free Waiver lease termination benefits24:30 Be practical when responding to Tenant Leads25:40 No Ghosting: please respond to all messages26:20 Hospital screenings are different than KeyCheck screenings27:40 List your property on Furnished Finder nowWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.travelnursehousing.com/ Text the hosts with questions or comments. Include your property ID # or email address.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF120 Travel Nurse Housing: Double The Profit of Long Term Rentals w/ Jesus Jimenez

The Landlord Diaries

Play Episode Listen Later Nov 4, 2024 45:22


Imagine transforming a standard rental into a profitable midterm rental, achieving double the income while catering to the high-demand travel nurse market. In this episode, real estate agent and investor Jesus Jimenez shares his journey from traditional long-term rentals to making $4,100/month with his 2-bedroom condo by shifting to travel nurse housing during the winter months.Starting out in the midterm rental (MTR) space may seem intimidating, but with Jesus' strategies and insights, you'll learn how to overcome common roadblocks, calculate MTR profits, and attract reliable tenants. Jesus dives into his journey, including his unique approach to managing properties with a co-host, navigating family concerns, and developing a tenant-friendly “look book” to ensure smooth operations from day one.In this episode, we cover:• Handling Hesitations: How Jesus addressed MTR concerns with his spouse• The Profit Potential: Real numbers on MTR earnings vs. long-term rentals• Seasonal Planning: Align your rental pricing & availability w/ seasonal demand• Streamline Bookings: Managing leads and efficient bookings • Pro Tips: MTR essentials like parking, utilities, & creating a hassle-free tenant experienceIn this episode we cover:0:00 Intro- Landlord Diaries Intro2:35 Shout out to our Furnished Finder CEO & Customer Service Team4:20 How Jesus overcame his wife's hesitation with the MTR strategy7:15 Calculating midterm rental numbers9:00 The biggest concerns were utilities & vacancy9:45 Year one was a success!11:00 Create a “look book” for tenants prior to furnishing your space14:35 Determining your short term, mid term seasons18:45 Travel nurse hosting advice19:25 Midterm rental parking needs22:00 Hiring a co-host at the beginning of your STR/MTR journey25:30 The business side of partnering with a co-host27:00 Managing Furnished Finder leads & 48 hour booking process30:20 Round table discussion: Booking an MTR stay35:25 Katie's Worry Free Waiver tenant presentation39:00 How does Jesus' wife feel now about MTR?40:45 Hot tips to get started in MTR todayWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.travelnursehousing.com/ https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Jesus Jimenez Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Jesus.Jimenez15 IG: @jesusj661 Katie Lyon's Properties:https://www.furnishedfinder.com/members/profile?u=katie.lyon8 Kelly Bailey's Properties:Text the hosts with questions or comments. Include your property ID # or email address.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF119 Ferrari vs. Honda Approach: Strategies for 3+ Bedroom Rentals

The Landlord Diaries

Play Episode Listen Later Oct 28, 2024 51:41


In this episode of The Landlord Diaries, we dive deep into the world of mid-term rentals with Tiffany Rosenbaum, Co-Founder of Stunning Stays, a company that manages over 20 mid-term rental (MTR) properties in the Phoenix area. Tiffany shares her inspiring journey from overcoming poverty to achieving real estate success, and why operating larger MTRs that sleep 10+ people is a game changer for investors.Tune in as Tiffany uncovers the operational secrets that help maximize rental income, attract diverse tenant types, and optimize property pricing — from the “Ferrari vs. Honda” approach. Plus, Tiffany reveals her strategies for furnishing and marketing these larger properties, as well as tips on how to build the right team to scale your MTR business effectively.Key Takeaways:How converting a 3 bedroom home into a 4-bedroom can boost your rental appealBudgeting and furnishing strategies for larger propertiesA deep dive into the science of team-building and hiring for MTR successExpert tips for scaling your MTR operations and avoiding common pitfallsWhether you're new to mid-term rentals or an experienced investor looking to scale, this episode is packed with actionable insights to help you level up your real estate investment game.Time Stamps0:00 The Landlord Diaries Intro2:10 From poverty to real estate success4:40 Why to turn your 3 bedroom home into a 4 bedroom if you can8:15 MTR tenant types staying in larger homes9:25 Varying types of guests you attract based off minimum # of days11:10 Pricing larger midterm rentals- “Ferrari vs. Honda” 13:40 Tiffany's problem with mid-term rental operators…19:20 Do you start marketing your larger properties once furnished or prior?20:30 Furnishing & budgeting for larger properties24:15 A less intimidating way to get started in midterm rentals27:15 Don't forget the wall art!29:50 Mid-term rental property fees & deposit replacement options30:40 Tiffany captured a baseball accident on camera & confronted the guest(s)31:40 Tiffany's bed bug story32:15 Eliminate security deposits with Furnished Finder's “Worry Free Waiver”34:05 The science behind building your business with the right team35:20 Tiffany is a strong believer in the DiSC profile for building & operating your team38:00 Why personality tests are valuable for new hires & periodically for existing employees39:25 Tiffany's advice for adding your first MTR employee- hire your opposite42:20 Tips for working with partners or family members44:55 Vendors are key: The #1 reason STR/MTR properties don't grow is because of cleaners47:20 We all start with one property, well structured operators can scale successfullyWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ Tiffany's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=RosenbaumText the hosts with questions or comments. Include your property ID # or email address.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF118 Skip the Deposit: Unlock the Power of Worry Free Waiver

The Landlord Diaries

Play Episode Listen Later Oct 21, 2024 59:33


In this expert episode, we sit down with Jackie Wolf, Director of Sales at Waivo, to dive into the benefits of Furnished Finder's latest offering—the Worry Free Waiver. Designed specifically for midterm rental (MTR) hosts, this innovative security deposit alternative brings peace of mind by protecting your property while keeping tenants happy.We'll explore how the Waivo partnership provides rental hosts with an edge in the market by eliminating the need for traditional security deposits, simplifying claims, and ensuring fast payouts. This episode will discuss everything from damage coverage to passing the cost to tenants, providing a win-win for both hosts and travelers.

On The Market
This Could Be Like Getting into Airbnb in 2012

On The Market

Play Episode Listen Later Oct 17, 2024 39:53


While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he's seeing. Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he's a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He's so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing? Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms. In This Episode We Cover The state of the mid-term rental market and why it's looking much brighter than short-term rentals Mid-term rental investing explained, and who's staying at these properties Why rural markets actually make terrific mid-term rental investing areas How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage) How to find tenants for your mid-term rentals without paying high listing fees The (surprisingly) small property types that work best for mid-term rentals And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile Henry's BiggerPockets Profile How to Invest in Medium-Term Rentals Furnished Finder Stats Grab the MTR Book, “30-Day Stay” Jump to topic: (00:00) Intro (01:57) What Are Mid-Term Rentals? (06:21) Mid-Term Demand is Still Growing (09:58) Best Mid-Term Markets  (18:19) Are We Past the Peak? (20:26) Finding Tenants (23:59) Fewer Regulations? (30:03) Bullish on Mid-Term's Future Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-261 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Landlord Diaries
FF117 Adding Two MTRs Per Quarter - How Coty Mastered the Art of Growth

The Landlord Diaries

Play Episode Listen Later Oct 14, 2024 43:07


In this episode of The Landlord Diaries, we sit down with Coty LeBlanc, a real estate dynamo from New Hampshire, who has successfully embraced the hybrid strategy of short-term and mid-term rentals. With 85% of his portfolio dedicated to mid-term rentals (MTRs), Coty shares how he built a thriving business using rental arbitrage and partnerships—many of which started from Craigslist connections! He walks us through his journey of scaling from low credit to managing 17 properties and consistently adding 2 MTR units each quarter.With 80% of his bookings coming through Furnished Finder, Coty reveals how this platform has been integral to his success. Tune in now for pro tips on designing spaces, optimizing listings, and leveraging the "Worry Free Waiver" product.In this episode we cover:0:00 Intro- Landlord Diaries Intro2:15 Are midterm rentals a year around business in New Hampshire? 2:50 One of the hospitals close by has over 80% travel workers3:10 Tenant type: construction workers in the area for new developments4:05 Coty's portfolio of 17 properties- 10 arbitrage, 7 co-host listings4:30 The Goal: Add 2 MTRs a quarter to keep up with demand5:00 Over 85% midterm occupancy for his 1-3 bedrooms places6:05 The path to arbitrage started with Bigger Pockets & a low credit score7:45 The Lightbulb Moment: $4,200 payout for one month on a $1,000 rent8:25 The First Craigslist Partnership: A real estate investor w/ over 50 doors8:40 How do you get a landlord to agree to MTR arbitrage or partnership?12:45 Should you forgo your w2 & embrace full time real estate professional status?15:35 Finding partners & making back your initial investment16:00 Coty's lightbulb moment started with an eviction notice17:05 Once Coty had 4 MTRs operational, he borrowed $40k to add 4 more MTRs18:10 80% of Coty's bookings come from Furnished Finder19:00 Quick Design Tips: Plan Ahead For Success26:50 Guest Communication: Coty's nine touch points!31:25 Furnished Finder's “Worry Free Waiver” is a security deposit alternative35:05 Furnished Finder headline & main photo best practicesWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.snappr.com/ Check Out Our Furnishing Checklist:https://www.furnishedfinder.com/blog/how-to-furnish-a-mid-term-rental https://opendoorhousing.hospitable.rentals/ Coty's Listings on Furnished Finder:https://furnishedfinder.com/members/profile?u=CotyText the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF116 The Ultimate House Hack: 700 SQFT ADU & 3 Master Suites w/ Karen Lombardo

The Landlord Diaries

Play Episode Listen Later Oct 7, 2024 44:30


Unlock the secrets of the ultimate house hack in this week's episode of The Landlord Diaries! Join us as Karen Lombardo shares her journey of transforming her property into a real estate goldmine. From a 700 sqft ADU to three hotel-style master suites, Karen is a master of the mid-term rental (MTR) game. Learn how she's achieved 100% occupancy using Furnished Finder and why she prefers it over Airbnb.Discover Karen's insider tips on designing for MTR success, networking to find undervalued properties, and creating an unforgettable guest experience. Don't miss out on this real estate investing masterclass—perfect for anyone looking to grow their MTR portfolio, hack their housing costs, and generate passive income!In this episode we cover:0:00 The Landlord Diaries Intro1:45 Karen's journey to house hacking & her midterm rental portfolio3:05 House Hack Phase 1: 700 sq ft ADU with kitchenette4:25 Karen's first tenant stayed 7 months4:40 MTR Building Decisions: Kitchenette vs. Kitchen 6:30 Know your local laws & have a plan in place before you start your addition(s)7:30 Preview of Phase 2- Building Three 5* Hotel Master Suites8:55 The House Hacking Mindset: Landlording from the convenience of your home9:55 Landlord Diaries content led Karen to buy a 1 bed, 1 bath condo for MTR14:10 Networking with neighbors led to a 2nd purchase in the same complex that was under market by at least $100k16:10 Karen's “hotel style” midterm rental experience w/ weekly linen service & restocking18:40 Karen sets her price a bit higher than market rate to include her “hotel style” services19:00 Furnished Finder travelers love seeing 5* reviews & will even book prior to furnishing!22:45 Why hosts choose to advertise exclusively on Furnished Finder25:45 Karen's occupancy rate is 100% with same day flips & guests waiting to move in 27:10 Check out Furnished Finder's suite of midterm rental booking tools through KeyCheck27:55 Tenants feel comfortable with KeyCheck's Tenant Screening process28:15 Tenants like paying by credit card through KeyCheck to earn points28:55 House Hack Phase 2: 3 MTR master suites being built at Karen's home30:30 “Karenizing” the property- king beds only, California themes & hotel style experience32:00 5 tips when building an MTR rentalLighting & ceiling fansCustom closets rather than dressersC-shape tables rather than a coffee tableEnvision yourself in the homeRelax & unwind featuresWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/members/profile?u=Karen.LombardoText the hosts with questions or comments. The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Zen and the Art of Real Estate Investing
178: How to Use Furnished Finder for Mid-term Rental Success with Katie Lyon

Zen and the Art of Real Estate Investing

Play Episode Listen Later Oct 3, 2024 55:38


Mid-term rentals (MTRs) are becoming a more popular option with real estate investors, and today's guest explains what makes them so appealing. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Katie Lyon, the marketing director and podcast host at Furnished Finder. Katie also owns 12 mid-term rentals with her husband, providing housing for traveling professionals and families. The list of people looking for mid-term rentals is growing, and she's giving us a behind-the-scenes peek at MTRs. Jonathan and Katie begin their conversation by exploring her introduction to real estate through a job at a commercial real estate investment firm and how she ended up at Furnished Finder. Katie explains how she and her husband began investing in MTRs and use arbitrage as a part of their strategy. You'll hear who uses Furnished Finder, what tenants are looking for, and how you can get creative with properties you own to use as mid-term rentals. Jonathan and Katie discuss why realtors and hackers have enormous opportunities in the MTR space, how Furnished Finder works for hosts, and why Katie focused on the Midwest for her rentals. She also reveals what qualities an MTR home has versus a long- or short-term rental, the role marketing plays in the rental process, and why it's critical to remain open to tenants' wants and needs. If you want to know why you should consider mid-term rentals in your portfolio, Katie Lyon is dishing out the details you need to know. In this episode, you will hear: Katie Lyon's introduction to real estate at a commercial real estate investment firm and how she landed at Furnished Finder How Katie and her husband learned about mid-term rentals (MTRs) and began investing in them Using arbitrage as a part of your mid-term rental strategy Who uses Furnished Finder, MTRs, and what tenants are looking for Getting creative with the properties you own for mid-term tenants Why realtors and house hackers have a huge opportunity in the MTR space The shift that occurred after the pandemic How Furnished Finder works for hosts Why Katie and her husband focus on Midwestern properties The qualities an MTR home has versus a short-term rental and connecting with tenants The importance of marketing and photos in the MTR process Being open to hearing what tenants' needs and wants are Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/178/ to download it. Supporting Resources: Furnished Finder - www.furnishedfinder.com The Landlord Diaries on YouTube - www.youtube.com/@thelandlorddiaries Furnished Finder Facebook Group - www.facebook.com/groups/furnishedfinder.travelnursehousing Katie Lyon's Instagram - www.instagram.com/mskatielyon Connect with Katie on LinkedIn - www.linkedin.com/in/katie-lyon8 Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

The Landlord Diaries
Ultimate Tax Strategies: Cost Segregation, Depreciation, & LLCs w/ Bigger Pockets Author, Amanda Han (115)

The Landlord Diaries

Play Episode Listen Later Sep 30, 2024 57:47


In this episode of The Landlord Diaries, we sit down with Amanda Han, Managing Director of Keystone CPA and one of the nation's top real estate tax strategists. Amanda, a third-generation real estate investor, has helped countless investors maximize wealth through powerful, proactive tax strategies. With best-selling books on Amazon and features in Money Magazine, Google Talks, and CNBC, Amanda brings her unparalleled expertise to the show. Whether you're new to real estate investing or a seasoned pro, this episode will provide valuable insights into building a tax-efficient portfolio. Amanda has 46k subscribers on Instagram & frequently appears as a speaker or author on the Bigger Pockets network. 

The Landlord Diaries
What Should I Do With My 4-5 Bedroom Investment Properties In Today's Market? FF114

The Landlord Diaries

Play Episode Listen Later Sep 23, 2024 59:30


Welcome to The Landlord Diaries! In this episode, we dive deep into the profitable niche of mid-term rental insurance with real estate expert Ruben Kanya. With over a decade of experience and a portfolio controlling over 30 homes, Ruben reveals how he rents homes to families displaced by disasters at 4x the long-term market rate. From building a real estate portfolio to navigating insurance housing, Ruben shares game-changing strategies to optimize for mid-term rentals in today's tight housing market.Learn how Ruben's buy box strategy helps him secure 4-5 bedroom homes, perfect for displaced families, and how data-driven decisions in mid-term rentals can significantly boost your ROI. Ruben's “napkin math” example shows a displaced family in his area of Atlanta, GA, would likely have $86,000 available for housing which breaks down to $7,166/month for 12 months. (Catch this part of the conversation at 45 minutes.)If you're a real estate investor looking to maximize your rental income & leverage insurance contracts, tune in now!In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries3:50 The exciting mid-term rental insurance space7:45 Hosting someone through disaster9:10 Ruben's real estate buy box or deal criteria10:50 Don't be a penny wise & a dollar foolish with tenant requests11:55 There are SO MANY ways you can take an MTR13:30 Insurance housing is more prevalent than you might think15:45 The Invested Escapes Portfolio & Mastermind Training Program17:30 Embracing market shortages with 4-5 bedroom homes18:15 Imagine hotel life for a family of 5 with 2 dogs…19:45 Half of the Furnished Finder supply is studios or 1 bedrooms20:30 Data is all relative, do the math & see the value of MTR22:35 Katie's jump from 10-14 properties in months24:25 Ruben's insurance corporate housing blueprint29:05 Relocation specialists swipe quickly through Furnished Finder30:35 STR/Airbnb hosts optimize for experience, MTR hosts optimize for functionality 32:25 MTR is an art, not a science. Brag about your functional amenities. 33:45 Optimize for MTR: 30 day notice to vacate & fill gaps w/ STR37:25 When the STR/MTR hybrid strategy fails38:35 National Gross Housing Margin: The calculated formula insurance companies use39:45 Know Insurance Terms For Gross Profit Calculation: Coverage A & Coverage D42:20 How to research 4-5 bedroom supply in your market45:15 Ruben's Insurance Napkin Math ExamplePurchase Price: $480kAtlanta Land Value- 10% on averageDwelling Value- $432kLoss of Use Value- $86k51:05 B2B Contract Advice w/ relocation companies & arbitrage/partnership opportunites55:00 Connect directly on Furnished Finder w/ no booking fees, no commissions, save thousandsWebsite Links:https://www.furnishedfinder.com/ https://www.furnishedfinder.com/members/profile?u=Ruben.Kanya Social: Ruben Kanya @therealestateexperimentText the hosts with questions or comments. The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF113 From Accidental Landlord to $7K/Month Revenue On One Property: Nicole Bansal's Deal Criteria

The Landlord Diaries

Play Episode Listen Later Sep 16, 2024 51:58


Are you ready to level up your real estate game? In this episode of The Landlord Diaries, we sit down with Nicole Bansal, a San Diego-based investor who went from accidental landlord to a seasoned real estate strategist. Nicole shares her 3-step process for defining your buy box (buying strategy) and identifying investment properties that both appreciate in value and generate cash flow.Nicole's strategy led her to invest in a 4-bedroom, 2-bath hybrid property in Savannah, GA, which perfectly fits her buy box criteria—properties under $500K, in growing communities, and with strong equity potential. Tune in to learn about how Nicole is making $7,000 per month in revenue on one property, the power of mid-term and short-term rentals (MTR/STR), using AI tools like ChatGPT for city research, and how data-driven platforms like AirDNA and Furnished Finder can help pinpoint profitable neighborhoods.0:00 Intro- Welcome to The Landlord Diaries2:20 How do you become an accidental landlord?3:40 Real estate mistakes lead to a clear buy box6:50 What is a real estate buy box?7:20 Strategic decisions when considering your buy box9:30 3 ways Nicole breaks down her buy boxPersonal GoalsNews Updates3 main tools including Furnished Finder data9:55 Nicole's personal deal criteriaIncrease in equity/appreciationReal estate wealth over monthly income needGrowing communitiesLess than $500k purchase price11:55 Use AI tools like ChatGPT to research cities that fit your strategyPopulation growthLandlord friendly lawsLarge tourism industry12:45 Why STR/MTR hybrid properties were part of Nicole's portfolio strategy15:55 It's really hard to cash flow with long term rentals, shift to mid term now17:50 Why are you waiting to enter the market?18:45 Deep dive on the data side: Finding the right STR/MTR propertyFurnished Finder mapAirDNARabbu (completely free to use)Chat with Furnished Finder landlords23:15 How Nicole finds neighborhoods w/ the highest rents on Furnished Finder27:00 Amenities can be really important so don't skip that part of your research28:30 When purchasing an investment property, a spreadsheet is a must29:55 Real estate partnerships can keep you on the right track29:50 Host Katie & Kelly share their buy box strategies32:45 You don't always have to do a bunch of research to get started34:30 Nicole's epic midterm purchase in Savannah, GA37:00 Nicole hit the 1% rule with MTR: $7,000 in monthly revenue on one property43:05 Katie's most interesting tenant type yet44:00 Nicole & Katie share a love for all things marketing45:35 Canva's AI tool can transform your property photos46:30 AI prompts for your property descriptionsWebsite Links:https://www.furnishedfinder.com/ https://www.furnishedfinder.com/stats https://www.fText the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
Transforming Long-Term Rentals into Mid-Term Cash Machines: Darel Ison's Proven Strategy (112)

The Landlord Diaries

Play Episode Listen Later Sep 9, 2024 66:09


In this episode of The Landlord Diaries, we sit down with Darel Ison, a full-time professional who's built an impressive portfolio of 19 rental properties spread across Ohio, Kansas, and Florida. With 7 duplexes, 1 triplex, and several single-family homes under his belt, Darel has mastered the art of converting long-term rentals into lucrative mid-term rentals.Starting his journey in 2002, Darel's success isn't just about property accumulation; it's about strategic portfolio management. Discover how he's transformed 4 of his properties into mid-term rentals, driving 85-90% of his bookings through Furnished Finder. Darel shares actionable insights into maximizing rental income without expanding your portfolio, by tapping into the mid-term rental market.Key highlights include:The strategic shift from LTR to MTRInsights on managing out-of-state propertiesEssential tips for property improvements and tenant communicationLeveraging tools like KeyCheck & Worry Free WaiverIn this episode we cover:0:00 Intro2:30 Darel's W2 & investing goals3:20 The journey to 19 doors4:00 Darel's current focus: portfolio improvements & increasing profit4:20 Darel caught every Bigger Pockets episode up to 600!5:20 Struggling with tenants in your LTRs? Consider MTR7:00 Host Katie Lyon's investing goals for her kids & family9:45 The difference in LTR & MTR tenants from Darel's experience12:15 Not getting bookings? Tune in now.15:00 Stay active in your Furnished Finder account17:40 Want marketing feedback? Tag your Furnished Finder listing in the comments18:15 Moving your first LTR to MTR21:00 Fill your MTR gaps with STR stays: Darel got his normal rent in 4 nights26:10 The revenue difference between LTR & MTR31:35 Working with your contractors as an out of state property owner35:35 Digital lock tips: which locks to buy, which to avoid, do not disturb feature & how they integrate with your channel manager39:25 KeyCheck provides peace of mind throughout your MTR booking process40:10 Travelers & landlords alike trust KeyCheck tenant screenings42:00 KeyCheck makes splitting payments easy for travelers sharing a home43:55 Worry Free Waiver: protect yourself & your guests50:20 3 ways to present Worry Free Waiver to tenants52:15 A separate pet guideline comes in handy58:30 Incorporating QR codes & virtual tours into your real estate marketing1:01:55 Finding strong multi-family deals on market1:03:35 When your getting out bid over & over, change your strategyFurnished Finder's Worry Free WaiverDarel's Listings on Furnished FinderKatie's Lighting ProductSEO Keywords:Mid-term rentals, real estate investing, rental properties, Furnished Finder, portfolio management, property conversion, rental income, Bigger Pockets, real estate podcast, tenant management, digital lock Text the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Thanks For Visiting
390. Hosting Hotline: How Do I Transition from Short Term to Midterm Rentals During the Winter Season?

Thanks For Visiting

Play Episode Listen Later Sep 3, 2024 20:40


Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we'll answer your questions on Airbnb, STRs, real estate, and everything in between.Matthew asks:Should I switch to a midterm rental strategy to address our slow winter season and if so, what's the best website for leads? How can I protect my property against potential squatters?(00:01:36) Hosting Hotline Success Story Highlight• Youtube: Parent Child Listing(00:03:10) Matthew Asks: Should I Switch to a Midterm Rental Strategy?(00:03:41) Our Experience with Transitioning from A Short Term to Midterm Rental Strategy• Where we find our leads: Furnished Finder, AirBnB, Zillow, ALE and CRS• Pros and cons of using Furnished Finder• Considerations and questions to consider with a midterm rental• Advice for negotiating pricing in a furnished midterm rental(00:09:06) How to Prepare Your Listing for This Rental Strategy Transition• When to start advertising for the winter season• When to take a listing off the market(00:12:21) How to Navigate the Algorithm To Increase Leads on AirBnB(00:13:30) Protect Your Property Against Squatters: Advice for Midterm Rental Agreements• What to look for to prevent a tenant from becoming a squatter• How to protect yourself in your lease agreement• BRRRR Method 101: Tips for Success in Long-Term Rentals with Jessie LangThanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.Resources:• Furnished Finder: furnishedfinder.com• Youtube: Parent Child Listing• Airbnb Essentials Checklist: hostchecklist.comThanks for Visiting is produced by Crate Media.Mentioned in this episode:Hosting Handbook | Get everything you need to fast track your way to Superhost at thanksforvisiting.com/handbookStayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.Quiz | Take our quiz to reveal your hosting personality style!

The Landlord Diaries
FF111 Master Insurance Housing: Partner w/ Other Furnished Finder Hosts Like Will Dotson

The Landlord Diaries

Play Episode Listen Later Sep 2, 2024 45:28


In this episode of The Landlord Diaries, we sit down with mid-term rental expert, William Dotson, who specializes in insurance housing hosting families that have been displaced from a disaster. His level of hospitality, expertise & heart for the guest(s) is contagious. At this time, Will's portfolio is all mid-term rentals. He operates around 10 locally in Nashville & 2 out of state. With over 12 properties under his management and more in development, William has become a master at leveraging partnerships with Furnished Finder hosts and navigating the complexities of MTR insurance housing. Tune in for expert advice on property management, building partnerships, insurance intricacies, and tips on successfully managing properties across state lines.In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:05 Podcast recording from an active renovation2:35 Mid-term rentals in 3 states3:20 Will has 12 properties under management, 3 in the works3:35 Nova Havens journey to MTR insurance5:20 Impactful MTR insurance story7:25 Follow the fire department on Instagram!9:20 You can be the solution in the midst of chaos9:25 Do you know your ALE coverage?12:15 Presenting yourself as an expert in the MTR space13:00 Will's mid-term rental booking process through KeyCheck14:10 Round Table Discussion: Addendums to add into your midterm rental leases18:05 Do midterm rental hosts include caps on electricity? 20:20 Rent payments with insurance agencies22:30 Will partners with other Furnished Finder landlords on his insurance leads!25:00 Furnished Finder was built with the landlord-tenant relationship in mind26:05 Will builds his mid-term rental insurance property list on Furnished Finder27:15 How do Furnished Finder hosts respond to Will's arbitrage & partnership calls? 28:30 Setting up partnership contracts with other Furnished Finder hosts30:55 Marketing best practices on Furnished Finder33:35 Out of state property management tips35:10 You don't really know your property until after the first year35:40 Why Will purchased out of state in California & Washington37:30 Will tried out 4 CPA's before finding the right tax strategist 40:20 Say goodbye to the 9-5 and hello to entrepreneurship?42:25 Superintendents are an emerging tenant type on Furnished Finder43:15 Connect with Will DotsonWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ Will's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=william.dotson https://www.novahavens.com/ Some of Will's co-host properties:PID 678810PID 672165PID668846PID491055PID667212Whether you're a seasoned investor or new to the mid-term rental space, William's journey offers valuable insights and actionable advice to help you succeed in the real estate world.Enjoying our show? We would be honored to recText the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF110 Boost Your Rental Income: STR for Events, MTR for Steady Profits w/ Leslie Hooper

The Landlord Diaries

Play Episode Listen Later Aug 26, 2024 38:24


Unlock the secrets to maximizing your rental income year-round with expert real estate investor Leslie Hooper! In this episode of The Landlord Diaries, Leslie shares her unique strategy of balancing short-term rentals (STR) during peak football season and mid-term rentals (MTR) for the rest of the year. With over a decade of experience and a thriving portfolio in Athens, Georgia, Leslie's insights are a goldmine for both seasoned and aspiring investors.In this episode:0:00 Intro- Welcome to The Landlord Diaries2:05 Why Leslie loves The Landlord Diaries podcast3:25 Leslie's accidental journey to mid-term rentals4:50 STR during football season, MTR the rest of the year5:45 Adding 4 seller financing condos to her MTR portfolio6:20 The Furnished Finder tenant types surprised Leslie 7:40 The real estate appreciation highway9:15 Leslie's mid-term rentals are beautiful!10:05 Furnishing your MTRs at different levels to attract a variety of tenants14:15 Leslie's example of a film crew renting her MTR14:50 The STR/MTR balance16:10 Planning your furnished rental calendar around local events17:15 Mid-term rentals can be a form of community service18:15 MTR is all about the balance, MTR is medium for everything19:15 How Leslie uses the Furnished Finder tenant tracking tool23:00 The proper way to keep your Furnished Finder calendar up to date24:45 Leslie's last 5 purchases were seller financing deals from tired landlords26:55 A good reputation as a landlord leads to more deals or partnerships27:45 Tenants of 5 star hosts often bring your next tenant28:40 Leslie's first mid-term rental was filled within 48 hours29:15 The Furnished Finder unit feature & why you should market each unit30:55 With a surplus of mid-term supply, many MTR landlords work together31:55 Words of wisdom from Leslie's real estate journey33:50 Know your midterm rental exit strategies34:20 Leslie learned a lot of her risk tolerance from Shark Tank's Barbara Corcoran36:55 Connect with Leslie through her Furnished Finder listing in the show notes37:20 Homework: Check your calculated MTR risk on FurnishedFinder.com/stats

The Landlord Diaries
FF109 Boost Your Bookings & New Product Updates: Expert Tips from CEO & President Jeff Hurst

The Landlord Diaries

Play Episode Listen Later Aug 19, 2024 33:54


Welcome back to another insightful episode of The Landlord Diaries! This week, we're thrilled to have Jeff Hurst, President & CEO of Furnished Finder, join us once again. If you missed Jeff's latest state of the union address, be sure to check out episode 100 for a comprehensive update.In today's episode, Jeff reveals exciting new platform updates and products designed to help you secure more bookings for your mid-term rental properties. From debunking common myths to sharing impressive landlord success stories, this episode is packed with valuable insights and tips to boost your rental income.In this episode, we cover:0:00 Intro: Welcome to The Landlord Diaries3:45 Why Jeff Hurst is CEO & President at Furnished Finder4:25 Impressive facts we learned from landlords this quarter5:45 How landlords are making significant income through Furnished Finder7:10 Myth Buster: Our travelers are not just travel nurses8:10 Fastest growing tenant types on Furnished Finder11:05 Locations Furnished Finder excels13:30 Connecting landlords with relocation agencies16:10 Introducing our new Worry Free Waiver product20:25 Sneak peek: New look for the Furnished Finder property details page23:50 Stay updated with Furnished Finder's communication channels25:05 Tips for increasing bookings and meeting rising demand28:00 Various tenants types such as medical recovery stays29:40 Call to action for all Furnished Finder landlords30:05 Celebrating Furnished Finder's 10 year anniversary!30:50 Share your success story with Furnished FinderJoin us for this engaging discussion and discover how to maximize your rental potential with the latest tools and strategies from Furnished Finder. Whether you're a seasoned landlord or just starting, this episode offers something for everyone. Tune in now and stay ahead in the ever-evolving rental market!Keywords: real estate investing, mid-term rentals, Furnished Finder, rental income, property management, landlord tips, Jeff Hurst, relocation agencies, travel nurses, rental market trends, new rental products, property updates, rental success stories, rental demand.Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.travelnursehousing.com/ https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Worry Free Waiver Details:https://www.furnishedfinder.com/members/worry-free-waivers Episode Blog:https://www.furnishedfinder.com/blog/furnished-finder-updates-from-ceoNew Property Details Page Blog:https://www.furnishedfinder.com/blog/new-property-details-pageEnjoying our show? We would be honored to receive your 5* reviewText the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF108 From Studios to 3 Bed Homes: Allen Duan's Path To 26 Managed & Arbitrage Properties

The Landlord Diaries

Play Episode Listen Later Aug 12, 2024 51:57


Welcome to The Landlord Diaries! In this episode, we sit down with Allen Duan, a mid-term rental powerhouse with a portfolio of over 26 managed and arbitrage properties in Southern California. Allen shares his incredible journey from short-term rentals (STR) to mid-term rentals (MTR), a strategic pivot driven by local restrictions and market opportunities.Allen's success story is a masterclass in leveraging platforms like Furnished Finder to host thousands of guests and generate substantial booking volumes, ranging from $2k/month for studios to $10k/month for three-bedroom homes. He provides a detailed walkthrough of his process, including the importance of networking, building a strong team, navigating real estate laws, and the nuances of rental management, arbitrage, and co-hosting.In this episode, we cover:0:00 Welcome to The Landlord Diaries2:45 Allen started in STR but shifted to MTR due to local restrictions3:30 What led Allen to real estate & specifically the arbitrage & management model?5:10 The Hospy Homes Team & portfolio6:00 Allen's perspective on rental management, arbitrage & co-hosting7:35 Did state & local laws require Allen to obtain a broker's license?9:30 Evaluating your portfolio in the growth stage10:30 Hospy Homes total booking volume was around $700k in 202311:40 Allen's perspective on short term vs. mid term rentals14:55 Allen's success with around 20 listings on Furnished Finder16:15 About 40-50% of Hospy Homes MTR bookings come from Furnished Finder17:40 Hospy Homes experience with studio to 3 bedroom homes19:25 What Furnished Finder has learned about tenant communication23:35 Hospy Homes takes a damage waiver of $150 rather than a deposit29:50 How Allen scaled to 26 managed & arbitrage mid-term rentals in 5 years31:10 Tips for partnering with arbitrage & management property owners36:20 Allen's complimentary mid-term rental analysis for his potential clients38:20 Furnished Finder's mid-term rental stats tool39:00 Details to include in your management & arbitrage contracts40:15 How Hospy Homes keeps their property owners informed41:15 Building your team & standard operating procedures42:45 Helping your team thrive & find value in their position44:15 Networking is a huge part in expanding your mid-term rental business48:45 How to connect with Allen, Founder of Hospy HomesWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Connect with Allen, Founder of Hospy Homes:https://www.furnishedfinder.com/members/profile?u=allen.duanhttps://hospyhomes.com/ @allenduan120E-Myth Bookhttps://a.co/d/iUOMeT8Text the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

The Landlord Diaries
FF107 Room Rental Success: Unlocking Proven Strategies w/ Eric Greenstein

The Landlord Diaries

Play Episode Listen Later Aug 5, 2024 41:28


Welcome to The Landlord Diaries, the ultimate podcast for real estate investors looking to maximize their returns and simplify their landlord journey. In this episode, we're thrilled to have Eric Greenstein, a seasoned real estate investor and the founder of LikeMinded, a thriving real estate investment group.Eric owns two prime properties in Ft. Lauderdale, Florida—a long-term rental and a mid-term rental listed on Furnished Finder. For the past two years, he has navigated the seasonal ebb and flow by renting his property as a whole or by individual rooms.In this episode, we dive deep into Eric's real estate journey, uncovering valuable insights and actionable strategies:⏰ Episode Breakdown:0:00 - Welcome to The Landlord Diaries2:45 - Discovering a passion for real estate and chasing the American dream4:00 - Purchasing a waterfront single-family home in Cape Coral, FL4:50 - Investing in a duplex for mid-term rentals5:30 - Establishing impactful real estate meetups in your community7:00 - Setting attainable real estate goals9:05 - Navigating mid-term rentals: entire units vs. room rentals12:00 - Simplifying the landlording process13:45 - Understanding diverse mid-term rental tenant types17:45 - Best practices for renting by the bed or room19:10 - Utilizing Furnished Finder Tenant Leads to explore MTR tenant types21:45 - Leveraging video tours for tenant communication via Furnished Finder24:50 - Capitalizing on Furnished Finder's year-round demand26:15 - Essential tenant screening questions for bed or room rentals26:30 - Peace of mind through KeyCheck for mid-term rental hosts28:50 - Host Kelly Bailey shares her room rental experiences31:55 - Exploring the revenue potential of mid-term rentals33:50 - Meeting market needs to unlock additional revenue opportunities39:25 - Connect with Eric GreensteinWebsite Links:Furnished FinderKeyCheckFurnished Finder StatsFurnishing ChecklistLikeMinded EventsListings on Furnished Finder:Eric Greenstein's ListingsKatie Lyon's ListingsKelly Bailey's Listings Hashtags: #RealEstateInvesting #MidTermRentals #RentalProperty #LandlordLife #RealEstateTips #FurnishedFinder #RealEstateGoals #InvestmentProperty #PassiveIncome #RealEstateJourney #PropertyManagement #RealEstateCommunity #RentalIncome #LandlordTips #PropertyInvestment #RealEstateMeetups #RentalStrategies #RealEstateSuccess #LandlordDiariesText the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Real Estate Experiment
Mid-Term Rentals: Marketing by Day, Investing by Night with Katie Lyon - Episode #291

Real Estate Experiment

Play Episode Listen Later Jul 29, 2024 69:07


Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Welcome to the lab! Today, we are thrilled to bring back Katie Lyon, Co-Host of The Landlord Diaries Podcast, Marketing Director of Furnished Finder & KeyCheck and mid-term rental investor. Katie has spent over a decade navigating the real estate and marketing industries, striving to solve the challenges of balancing work, life, and investment opportunities. In her journey, Katie identified a common problem faced by many landlords: the high turnover and demanding management of short-term rentals. Seeking a solution, she delved into the world of mid-term rentals, discovering a niche that not only provided a more manageable and stable tenant base but also aligned perfectly with her career having both a background in marketing and real estate. In this episode, Katie shares her experiences and strategies, from managing properties in diverse locations like Florida, Iowa, and Colorado, to optimizing rental income through innovative marketing principles at work.. She discusses the advantages of the mid-term rental strategy, the importance of creating a seamless integration between career and personal interests, being both vertically aligned and how these experiences have shaped her approach to real estate investing. Join us as Katie offers valuable advice on how she invests her time in as the Marketing Director of Furnished Finder & Keycheck and as a, Co-host The Landlord Diaries Podcast and how she invests in mid-term rentals as an investor. She shares how overcoming common hurdles, building a strong investment portfolio, and fostering a supportive community in the real estate space. Whether you're new to investing or looking to refine your strategies, this episode is packed with insights to help you embark in your mid-term rental journey. Tune in now to learn how to tackle the challenges of midterm rental management, harness the power of strategic marketing, and build a legacy in real estate with Katie Lyon. Don't miss this enlightening conversation! HIGHLIGHTS OF THE EPISODE: 11:42 - Katie defines what a midterm rental is 24:30 - Katie talks about leveraging marketing for real estate investing KEEPING IT REAL: 04:00 - Katie's background in marketing and real estate 09:57 - The advantages of midterm rentals over short-term rentals 15:05 - Family involvement in real estate and creating a legacy 20:00 - The role of marketing in real estate investing 24:35 - Aligning career with personal interests and passions 30:10 - Building a successful rental portfolio and lessons learned 36:25 - Advice for new investors and overcoming limiting beliefs 42:15 - The importance of community and collaboration in real estate 47:30 - Future plans and growth in the real estate space 1:05:58 - We are OUT!!! CONNECTING WITH THE GUEST Website: https://www.furnishedfinder.com/ Linkedin: https://www.linkedin.com/in/katie-lyon8/ Instagram: https://www.instagram.com/mskatielyon/?hl=en Youtube: https://www.youtube.com/@thelandlorddiaries #MidtermRentals #PropertyManagement #MarketingStrategies #RealEstateInvesting

The Landlord Diaries
FF106 This 3 Part Business Model Helped IZEAL STAY Scale To 40+ Rentals In 5 Months

The Landlord Diaries

Play Episode Listen Later Jul 29, 2024 54:44


Welcome to The Landlord Diaries! In this episode, we sit down with Christine Xie and Katie French, two of the innovative founders behind IZEAL STAY, a modern, fully furnished corporate housing solution in Las Vegas. Operating over 40 properties for mid-term and short-term stays, IZEAL STAY is revolutionizing the rental market.Episode Highlights:0:00 Intro: Welcome to The Landlord Diaries2:50 The Founding of IZEAL STAY: Discover the journey behind IZEAL STAY's inception.4:20 Mid-Term Rental Arbitrage: Learn why this strategy is a game-changer in real estate investing.6:25 The IZEAL STAY Portfolio: Explore their extensive and diverse property portfolio.7:05 Three-Part Business Model: Uncover how their innovative approach attracts property owners.8:55 Rapid Growth: How IZEAL STAY scaled impressively within the first 5 months.10:10 Business Partnerships: Insights on scaling quickly with the right partners.11:45 Social Media & Relationships: Katie French's expertise in social media and networking.12:00 Financial Management: Eva's role as the finance guru and office manager.12:10 Staging & Quality Assurance: Christine's expertise in client relations and property staging.12:55 Valuable Partnerships: How Furnished Finder and KeyCheck have been pivotal to IZEAL STAY's success.15:25 Data Insights: Leveraging Furnished Finder data for business growth.19:50 New Arbitrage Partners: The appeal of mid-term rental clients.21:50 Marketing Hubs: IZEAL STAY's leading mid-term rental marketing strategies.24:10 Streamlined Booking: KeyCheck's role in simplifying the booking process.26:25 Tenant Screenings: A round table discussion on best practices.33:15 Design Expertise: Christine's experience in designing over 120 furnished rentals.34:15 Hotel Market Demands: Using hotel trends as a guide for rental designs.36:50 High-Touch Furnishing Items: Best practices for furnishing mid-term rentals.40:40 Cleaning Tips: Spot cleaner advice from Katie and Kelly.41:55 Security Deposits: Differences in deposit standards for mid-term versus long-term rentals.43:55 Travel Industry Insights: Katie's travel industry experience and its impact on mid-term rentals.45:15 Popular Requests: Single-story homes as a favorite among tenants.48:15 Networking Strategies: How networking contributed to IZEAL STAY's rapid growth.50:35 In-Person Networking Tips: Enhance your Furnished Finder marketing with these tips.53:15 Marketing Essentials: Using QR codes and profiles for effective marketing.Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ Our Furnishing Checklist:https://www.furnishedfinder.com/blog/how-to-furnish-a-mid-term-rental Izeal Stay Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Rent2 https://www.furnishedfinder.com/members/profile?Text the hosts with questions or comments.The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Women Invest in Real Estate
WIIRE 124: How to Find & Negotiate Creative Finance Deals

Women Invest in Real Estate

Play Episode Listen Later Jun 10, 2024 34:30


Hey friends, we are so excited to have you join us for what has become one of our favorite (and one of our most requested) topics on the podcast: creative financing! Today, however, we are going to dive deep into how you can find and negotiate creative finance deals in places you might not have even considered looking, so get ready to take some notes.If you haven't already, we highly recommend listening to our mini-series with creative finance experts, Jenn & Joe Delle Fave.Episode 35Episode 36Episode 37Episode 38Also, make sure you grab your copy of their Creative Financing Playbook!Finally, make sure you join us at our FREE June Meetup happening on June 12 at 7pm Central, where we've partnered with Furnished Finder to teach you how to master your midterm rentals!Thanks for listening!   Resources:Use Hospitable in your REI bizJoin us at our FREE June MeetupListen to our Creative Finance mini-series with Jenn & Joe Delle Fave (Ep 35, Ep 36, Ep 37, Ep 38)Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram