Podcasts about mid term rentals

Are you stuck with a problematic property? What if you could create thousands of dollars in monthly cash flow just by pivoting to the right investing strategy for your property and market? That's exactly what today's guest did, and if you stick around, she'll show you how to repeat her success! Welcome back to the Real Estate Rookie podcast! Aleea Stanton's grandparents gave up their home to put her through college, so after graduating from law school, she saved up and bought them a house. Little did she know that this would ignite a passion for real estate investing and home renovation projects. Before long, Aleea had gone on to fix and flip eight houses—averaging $40,000 in profit per home—and even pocketed a whopping $200,000 on her most recent flip! Despite the huge profit margins she earned with this lucrative strategy, Aleea decided to diversify her real estate portfolio with buy-and-hold investing. Now, she brings in an additional $3,000 in consistent monthly cash flow, all thanks to a combination of long-term and medium-term rentals. Tune in as Aleea shares her biggest successes and several critical mistakes to avoid! In This Episode We Cover: Making thousands in monthly cash flow by pivoting to another investing strategy Why diversification is one of the most powerful tools in a difficult housing market The number one thing that will make or break your renovation projects Why you should always order your own home inspection (even if you waive one) Creative ways to find off-market real estate deals in a competitive market And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Buy the Book “Start with Strategy” Sign Up for the Real Estate Rookie Newsletter Find an Investor-Friendly Agent in Your Area Which Real Estate Investing Strategy Is Best for Your Goals? (00:00) Intro (00:35) Buying Her First House (05:35) Flipping 8 Houses! (08:12) Pivoting to Long-Term Rentals (16:58) Finding Great MLS Deals (28:20) Mid-Term Rentals & Off-Market Deals (31:49) Connect with Aleea! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-533 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

In this episode, we chat with William Dotson about his unique approach to mid-term rentals, focusing on helping families displaced by insurance claims. With properties in California, Nashville, and Washington, William shares his insights on setting up profitable, family-friendly rentals that serve a real need. From pet-friendly features to working closely with insurance companies, he gives us a look into how he's creating comfortable, temporary homes. Tune in to learn more about the family-first rental strategy!   ======================== ======================== ================= Want to grow your real estate investing business and portfolio?  You're in the right place. Welcome to the Property Profits Real Estate Podcast

Professional real estate investor, author and host of “The Real Estate Guys” Radio Show, Robert Helms joins us to discuss the nuances of mid-term, short-term rentals, and hotel real estate investing.  They highlight the impact of interest rates on single-family home affordability and the role of institutional investors.  Mid-term rentals cater to travelers like traveling nurses and digital nomads, offering higher monthly rents. Short-term rentals face challenges due to oversupply, but can be profitable with strategic planning. Hotels offer consistent experiences, with key metrics like occupancy and ADR.  Resources: Join Keith and other faculty experts at the Investor Summit at Sea, a unique networking and learning event for real estate investors. Let the event organizers know if you want to have dinner with Keith during the event. Show Notes: GetRichEducation.com/539 GRE Free Investment Coaching:GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   welcome to GRE I'm your host, Keith Weinhold, surprising facts about the institutional ownership share of the rental market. Then learn from a great guest tonight about how the midterm and short term rental models work and hotel real estate investing. Then you are invited to join us both on the most special real estate event that I've ever been a part of, and I'm going to return to it today on get rich education.   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:17   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:33   Welcome to GRE from London, UK to London, Ontario and across 188 nations worldwide. I'm Keith weinholden, you are inside this week's episode of Get rich education, where we aren't day trading, we are decade trading with gradual patient wealth accumulation through income properties, yet with a path that lets you live the good life of options and freedom when you're still young enough to enjoy it. Now, the shorter the period of time that your guest or your tenant stays at your place, the more that the word hospitality gets involved. Hospitality, that word has little to do with hospitals. It almost means the opposite. Hospitality means that you're now giving a warm reception to or entertaining guests or tenants. Well, that's something that you rarely do at a long term rental, but you do if you're a hotel real estate investor for sure, or maybe even a little in a short term rental, then you're in hospitality like valet parking, having a restaurant, a pool with a swim up bar, a gym, a concierge desk, or even having a lobby with travel desks of various tour companies. Right there. That's hospitality, and today as we discuss mid term rentals, then short term rentals, then hotel real estate investing, think about how the level of hospitality that you give increases as the duration of a guest or tenant stay decreases. Hospitality is one reason that long term rental rates for durations of, say, a year or more, well, they had the lowest daily rates and the least hospitality. And hotels with, say, a two night stay, have the highest daily rates and the most hospitality.    This week's show is presented by ridge lending group and freedom family investments. I mean Ridge is where I get all of my investment property loans, and where I do all of my refinancings. And perhaps you should, too, because they specialize in working with investor borrowers there, so they know just what you need and what you don't Ridge lending group.com, and then freedom family investments, that's where you can make a private money loan and get a higher yield than you can with a high yield savings account. That's where I invest a share of my own liquid funds for a passive 8% return, 10% return. And now this is new. They've got offerings at 12% or more. You can learn more by texting family to 66866, next, we discuss mid term rentals, short term rentals and hotel real estate investing.   This week, I'd like to welcome in a good long time real estate friend. He's been on the show here with you and I before. Besides being a deeply experienced real estate investor, he also hosts the terrific real estate guys radio show, which was a substantial influence on the launch of GRE more than 10 years ago. I mean, how many times have I suggested to you over the years that you give his show a listen? He also speaks with some of the best pipes in the industry. Hey, it's great to have back on the show this week, the incomparable Robert Helms.   Robert Helms  5:07   Hey, Keith, so good to see you. Thanks for having me back.   Keith Weinhold  5:11   Let me share with you. Robert is on a very short exclusive list of people that I credit for being where I am today, from how to host a professional show to being a Go Giver and Robert before we discuss mid and short term rentals in the long term rental world generally, just what's important to know in today's residential real estate market, you can take that anywhere you like.   Robert Helms  5:38   Well, I think the big picture has been all about the loans and the interest rates, right? We saw rates go up, not only a lot, but quickly, and then kind of come back down a bit. Now they're headed back up, and that just has a big effect on single family homes, primarily to folks who are living in the homes, because they'll make that decision based on the affordability of their mortgage payment and the rest of the costs investors Well, you know, we think a little differently. We're not limited by a specific interest rate will pay? If I can make 9% would I pay 6% sure, if I can make 9% would I pay 7% well, I might, and so on. So I think that that's something to watch this year. For sure. There's lots of reasons to expect that we're not going to see interest rates get back down into the twos and threes and fours like we wish they would stay. Probably shouldn't happen in the first place, but you and I took advantage of it, and lots of your listeners did as well. But I think that's kind of a big picture thing. And then the other part of it is, you know, the inventory. So when people have this locked in effect, which really doesn't have anything to do with their needs or wants, they have a new job or they have another child and they want to move to a couple of notches up in a neighborhood, they don't want to get rid of their 3.12% loan and have to buy another property with 7% so we see less people moving, therefore less inventory, total inventory now somewhere just around 700,000 or below, and that's lower than it's been for the average of the last 10 years. For sure, I think that has an effect, less people are moving because of the interest rates. But at the same time, you know, there are houses that trade every single day. People do have to move. They have life situations and so forth. And then real estate investors, of course, we just look for opportunity. If we can make a spread and we can be in a property long term where the tenant pays down our mortgage and not us, well, then we're interested at almost any interest rate.   Keith Weinhold  7:44    Yes, that interest rate lock in effect will persist another year. That continues to get diluted over time. Of course, though you and I both know that mortgage rates are still below their historic rate, but because of the recency bias, no one's really acting that way. By the way, the first ever rental property I bought had a six in three eights percent mortgage rate 20 years ago, and people were raving about what an incredibly low rate that was back then. But this constrains supply. And another thing that constrains available supply in today's market is more institutional players own rental property today we're talking about outfits like invitation homes and even the California State Teachers Retirement System. But one thing a lot of people don't seem to realize is that institutions like this own less than 1% of single family homes in the United States, and that's all institutions combined. And now if you just isolate that to single family rental properties, they still only own two to 3% so where we have this period of low supply and low affordability, you know, Robert, I think institutions, in a lot of these media headlines, they tend to get scapegoated or being a boogeyman. Oh, all these big players are buying up the homes, and that's why you can't buy one. But really, that's pretty overblown. So can you talk to us more about what the institutional entry into the real estate investing space has been like, which really picked up steam after the GFC about 15 years ago?    Robert Helms  9:16   Yeah, it sure did. I think that folks who were managing big sums of money, and the institutional money comes from all kinds of places, real estate, Investment Trusts, insurance, pensions, funds, and then just big old companies that decide to raise money to go do something, and that money saw opportunity said, hey, you know what? This is a short term anomaly, all these prices that went down after 2008 and 2009 and when a lot of mom and pop investors were very hesitant to touch the third rail of buying more property after what they had just been through, these institutions are like that. Institutional money is not very emotional, right? It's just looking at the numbers at the same time where the nuances of institutional funds is that they also didn't have a ton of real estate experience, and so it was quite common for a couple of years that an institution would come in, and they would typically work through local brokers, and those brokers would know the market a bit. But if you could generalize, you would say that a lot of institutions overpaid. But here's the thing, when you overpay in the moment, you don't really notice that in the long term real estate investment that these guys did, it's interesting. I've been to a couple of conferences I go to almost every year that 10 years ago was mom and pop investors. And today it's a lot of suits, not too many ties. They don't send. Tend to wear ties, but a lot of suits, a lot of folks working for various levels of these funds, and they're looking at real estate as an asset class. Now I'm going to argue their real estate's not an asset class like any other, because every share of stock, every ounce of gold, every barrel of oil that anybody buys, is discretionary. You never have to invest in the stock market, in the bond market and cryptocurrency, but you cannot sit out the real estate market. From an economic perspective, I don't have to own real estate, but I'm going to have to interact financially. And so it really doesn't operate like other quote, unquote, asset classes, but I think the big folks did figure out is that there is stability in real estate. There's not the efficiency they would like, and that's a good thing for us. We like inefficiencies in the real estate market, but more and more we are seeing funds being put together, even today, to acquire property. But to your point, and it's an excellent one, you see the headlines and you see the name calling of these big, faceless, nameless corporations. They're buying up all the inventory. They're not it is a drop in the bucket compared to what mom and pops own and will continue to own   Keith Weinhold  11:53    yes, and of course, I'm talking nationally. When I bring up those one two and 3% institutional share numbers, it's going to be lower in some areas, it tends to be a higher proportion of buying that the institutions do in Texas and also in a lot of southeastern markets, like Atlanta, Jacksonville, Charlotte and Tampa. Robert you have a good bit of knowledge and some involvement in the mid term rental market. We're talking about rentals of one to six months in duration. Here, can you talk to us about trends in the midterm rental market?   Robert Helms  12:25    Yeah, it's a fascinating area. You know, back in the day, these would be referred to as corporate rentals, so a corporation might lease an apartment and furnish it, and then they would have different people stay there over the years, so the corporation would be responsible for the lease. I had some tenants like this many, many years ago, and it wouldn't be up to me. It'd be up to them who had the keys at the time. And a tenant might stay six or seven months. A tenant might make four or five weeks their stay. And so the idea was they needed a place for these contractors who would come in and work for a period of time to stay. But hotels were a lot more expensive. Well today you see even the folks who got involved in short term rentals making a decision to invest in people like traveling nurses who come and stay for four to six weeks, or these clients who will come in and work for two months in this location, two months in this location, two months in another location. And so they will simply stay in a short term rental type of property for a longer term. And you know, the most expensive things when it comes to real estate or turnover in vacancy. So if we can get the tenant to stay longer and pay a bit of a premium, these are often furnished units, and they don't have to worry about much. And we've had a few opportunities where what started out as a three week rental turned into a six month rental, because sometimes when they bring these folks on these companies, don't know exactly how long they're going to stay, and it's been a great kind of marketplace. There's a few folks that specialize in it. But my experience is that a lot of the people that have gravitated towards midterm rentals used to be in the short term rental business, thinking they'd rent for one or two nights, and lo and behold, they get a client that would stay for a month, and they'd say, Hey, this is pretty cool.   Keith Weinhold  14:13   Some conversion rate there from short term rentals to these midterm rentals here, as Robert touched on, you do tend to get more monthly rent for a midterm rental than you do a conventional long term rental. You're going to have some experience for furnishing there. But Robert, you bring up a great point. You mentioned traveling nurses. And of course, here as real estate investors, we're often interested in who we're serving and what that demographic looks like. I also think of midterm rental clients or tenants as students in digital nomads, and oftentimes it's a person relocating where they just want to check out a place for a few months before they consider setting down roots in an area with a long term rental or buying their own place. So can you talk? More about the demographic that we're serving there, because oftentimes you want to follow their trends.   Robert Helms  15:04   Yeah, very much. So, you know, today, I think there's a lot of folks that can work from a variety of locations. They do need some things, they need quiet they need a good internet connection, but they will come and go for weeks at a time. And I also think that you see more and more employers looking to contract labor. They have a job to get done. They're not sure they want to bring on a full time employee with all the cost of benefits and onboarding and all that. So they find somebody in the niche that comes in for six or eight or 12 weeks at a time, and they're the perfect candidate for short term rental. But we also see folks that are between gigs. So I might have a six week gig, and three weeks later I have another six week gig, and the three weeks in the middle, I want to go somewhere that's kind of fun to hang out. And so you do see those kind of rentals as well.   Keith Weinhold  15:55   Are most long term property management companies open to managing midterm rentals?   Robert Helms  16:02   Yeah, good question. There are certainly those that are, but I think we're starting to see a specialty on the aggregator side, folks that are reaching out specifically to the kinds of people who are candidates for midterm rentals from the tenant side and looking to accumulate inventory. So that's been kind of a neat thing to watch. So the focus of most property managers, they're hired by the owner of the property. Well, these groups are really their their salary gets paid for by the tenant, and they're able to negotiate on the behalf of some of these groups, you know, a better rate, better terms. They may negotiate some flexibility and the time for these folks that don't know exactly how long they're going to stay, it's an interesting new area of management, for sure.   Keith Weinhold  16:52   Now, of course, we're concerned about a high occupancy rate in midterm rentals, just like we are any type of rental. What does one look for when it comes to advertising platforms. And this could be, you know, going beyond just a well known website. It might be, hey, if you have inroads with the local hospital system, oh, well, can you then funnel some of the traveling nurses, for example, into your midterm rental?   Robert Helms  17:15   Yeah, most definitely, it is a specialty niche, for sure, if you're after a robust rental solution. You know, many people in midterm rentals, like in short term rentals, the vast majority of short term rental owners are not making a killing. They are. They're liquidating some cost of what they consider their second home. So the average short term rental landlord has just one property, and that's a property they bought, probably not as a rental. They brought it as a second home, and they're discovering that when they're not there, they can lease it out, and that pays for some of the costs. But there are obviously a few folks who have cracked the code and figured out which markets and where the best opportunity is, and what size units it takes to maintain a really healthy occupancy, and it's the same for this midterm rental. It's a different kind of tenant. It's mostly not families, so it's not larger units with lots of bedrooms. It's also mostly not your higher end rentals with views of the water or up near ski resorts, it's in the bigger towns where there is employment, and that employment triggers most of the midterm rental business.   Keith Weinhold  18:29   You, as an investor owner, maybe your cash flow negative on your midterm rental or short term rental, however, you might be using it for a few weeks or months yourself and getting back more of the benefit that way you're listening to get rich education. We're talking with the host of the real estate guys radio show, Robert Helms, more when we come back, we discuss short term rentals, including, is there an air be in bust? I'm your host. Keith Weinhold,    hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally, start now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com.   Oh geez, the initial average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work. With minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is. 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866   Kristen Tate  20:39   this is author, Kristen Tate, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  20:54   Welcome back to get rich education. We're talking about midterm short term rentals and hotels and hospitality with a long time friend of the show here, Robert Helms and Robert a few years ago, there seemed to be this word airbn bust that was beginning to be associated with Airbnbs. A lot of the difficulty in that market. So tell us, what was that all about, and where are we now with industry trends in the short term rental market?   Speaker 1  21:21    Yeah, great question, Keith. What I think happened is the allure of a short term rental, having a beautiful property that people would pay a premium on a nightly rate, sounded wonderful, and it was, and it worked for a lot of folks. But then what happened is, what happens people got the word, they got excited about it, and a lot of people started holding webinars, teaching classes, doing boot camps, and before you knew it, there was way more supply than there was demand. See, the hospitality industry is amazing. The hospitality industry employs 9% of all people in the world and accounts for nearly 9% of the GDP of our planet. Travel is a gigantic industry, and it's led by smart, big, storied institutions. So for folks to come and figure I'll just compete with them with my little apartment didn't necessarily turn out so well. So there was an airbn bust, and it is still lingering today. If you want to make a profit in short term rentals, you absolutely can, but you need to be super strategic. You need to think long and hard about where and what and why and how, because it's very specific. There are certain markets that short term rentals do very, very well, and there's a lot of markets, the majority of markets, where they don't. So as long as you're willing to study and take a look and be realistic and go kick the dirt a little bit, you certainly can get the upper hand. And the reason it's exciting is the average person who owns a short term rental is not professional in any way. They probably don't have too many other rental properties. It's not a big part of what they're paying attention to in their life. And they're simply trying to liquidate some of the costs of ownership. You know, I might rental here or rental there. And the way you can tell Home Away, VRBO, Airbnb, most of the hosts, the owners, make their calendars public, and so it's easy to tell how busy they are. It's amazing to me. I'll look at a marketplace and look at a property and see that month after month after month they're at a six to 8% occupancy, which I wouldn't be excited about myself, but for someone who's got a second home and they don't mind having people stay there for a few nights, they'll pay a premium for that. They legitimately can carve down a lot of their expenses just by renting six or eight or 10% of the time.    Keith Weinhold  23:58   Of course, the conventional guidance is before you buy a short term rental, you're really helping yourself out. If you have to fall back on turning that into a long term rental, it would cash flow. But of course, now you're really narrowing your criteria in what is going to work there. And Robert, when we talk about that demographic that we're serving, we touched on that in the midterm rentals. Who are we serving in short term rentals? I think conventionally, we think about vacationers and business travelers   Robert Helms  24:24   it's both of those things. I think that originally, people were certainly inspired by the vacation traveler who wanted to have a little more privacy, maybe their own kitchen, maybe a little more space for the dollar. And we still see that for a family, especially a family with small kids, staying at a hotel, ordering room service, eating in the restaurant, all that adds up. And if instead you can go to the grocery store and make breakfast at home, right, you can save the costs. And so there is definitely that clientele, but you also have people in short term rental that are visiting family. They're not really on vacation. In there, just going to an area for a short period of time. We see people that criss cross the country staying in short term rentals, two nights here, three nights there. And so it does have kind of a wide variety. A lot of the markets are very seasonal. Though. There are markets like Branson, Missouri that does really good at some parts of the year and not as well as other parts of the year. Then, of course, there's year round markets. So back to if I'm thinking about it with an investor's hat on, I want to be a little more specific, in particular about what and where I buy. But if I have single family house as my second home, maybe it's in a ski area, maybe it's in a beach area, and it's fairly expensive to maintain. Well, then considering renting it out on a short term basis might help the overall cost of maintaining that property.    Keith Weinhold  25:52   You know, my own personal experiences really started to get bad in short term rentals, when I would go stay in a place. And I think we've all seen those memes out there about, my gosh, I had to wash all the dishes and walk the owner's dog and still play some exorbitant cleaning fee. I think we've all kind of grappled with that at some point, but STRS are still a really viable investment for the majority of the operators. But yeah, Robert, most of my experiences in short term rentals recently, including showing up at a place where they had not done the turn. The cleaning person did not stop by. And, yeah, okay, they came over there properly. But it's like, you cannot unsee the mess that was left there before you were there. So I had a series of experiences lately that have actually steered me into staying in hotels more often. And hotels really fit my lifestyle pretty well. I like to work out at a gym. I like to have a gym on site. It's convenient to have a restaurant on site and so on. And you've been in the hospitality and hotel space serving that for a while. Why don't you talk to us about industry trends in hotels.    Robert Helms  27:03   Yeah. So travelers, to a great degree, love consistency. They want to be able to rely on cleanliness, on amenities, the very things you mentioned for sure. And so hospitality has a wide range, right? There's the lower end airport hotel where nobody stays more than a night, and it doesn't have a lot of amenities, and then there's the beautiful resort properties and everything in between. But what the hotel industry has done a good job of is providing a consistent experience, and that's what people crave more than anything else. You know, we would call a short term rental more of a unique or boutique or co chair kind of experience, and you don't know what you're going to get. You don't have that consistency. Some folks don't mind that, but for the majority, especially of business travelers, they want to know what they're getting. I can remember years ago, my sister wanted to take us on a family vacation to Maui. It sounded like a good idea. And then she was the one tasked with finding us a place, and decided we would stay at the Ritz Carlton and I looked at the Ritz Carlton website and said, Ah, you know, this is not exactly where I would probably stay in a she's a chiropractor. She says, in order for me to take a week off work, I'm losing $10,000 of the business. I'm not staying in some cheap hotel. I want to stay in a luxury hotel. And we did it, and it was fabulous, and I would stay again. So the point is, if you want to be able to work out, if you want to be able to have 24 hour room service, if you want grab and go that you don't have to walk outside in the cold or the heat, then hotels make a lot of sense, and it's not an either or. They're just both elements in hospitality. I would consider a short term rental property, a hospitality property, and I would consider a 1200 room, four and a half star hotel hospitality property as well.   Keith Weinhold  28:58   Sure. Of course, hotels aren't monolithic. There are so many different types. You might have a boutique hotel with a few dozen rooms to a large scale, something like you've been involved in. You've been in a large scale, ground up development for a hotel. And I don't know if you had a hope when you built your large hotel that a big chain like a Hilton or Marriott would buy it from you, or would brand it along with you. But that branding and that consistency of experience can be really important. That's something we especially associate with those larger hotels. So we have some of these things in mind. I mean, where does a new prospective hotel investor begin?   Robert Helms  29:40   Yeah, it's pretty difficult to get started, because the properties are big and expensive and risky upfront. So there's a terminology we use the hotel business, which is stabilization. And stabilization is when a hotel gets to the point where it's doing about the occupancy and rate that you would expect. Respect it too long term, and that might be anywhere from two to four years. Well, in the first year, boy, there's hardly anybody there. We have a 300 plus room hotel, and the first night we were open, we had two guests and 160 employees. So you don't have to be a rocket surgeon to figure out that that math doesn't work very well. Nor did it for the first month or the first year. Today, I'm happy to say it works a lot better, but you have to have patience. Now, there's a couple of ways you can get involved. Certainly, a smaller a boutique hotel. I stayed in a hotel a couple months ago that only had eight rooms. It was marvelous. And I thought, boy, you know, probably an individual owns this, but most of the hotel properties are owned by groups or syndications, and so that's another way to get exposure to hospitality. There's some things to love about hospitality, and to me, one of the same things I love about single families is you can find professional management, like folks that really know what they're doing, and create that guest experience that was perfectly possible for someone to buy a single family home as a rental. Maybe it's in their own town, and they want to manage it themselves. And you know, maybe at first that's a good idea, so you can figure out the game you've chosen, but ultimately, you want to hand that off to a professional, in my opinion. And in hospitality, like in multifamily, you have to, you have to have somebody come in with chops to be able to take care of it. And then there's the nuance of franchise which there are hotels that are just independently owned and operated. And then there's franchise hotels. And just like buying a franchise business, you pay a little more, but you get a lot. You get all the systems and the service and the training and the marks, and many cases, you get a big, dynamic engine that brings leads and fills your heads in your beds, which is what the metric we're interested in, in hospitality. And so when we started with thinking about it might make sense, the market we were in had no branded hotels, and we thought, Well, should we be the first? And after doing a bunch of research, I came to the conclusion that, well, it's going to cost something, and there's going to be a benefit, but I don't see it the benefit outweighing the cost. And we decided not to and then, lo and behold, through a strange set of circumstances, today, we are a branded hotel, and I'm thrilled about it. In hindsight, it was the right thing to do, but do understand that most real estate investors that I know are not going to qualify. It's pretty difficult to get a franchisee agreement with one of these hotel brands. You have to have some wherewithal, some experience. They're going to look at your assets and your balance sheet. They're going to look at more than you can imagine to make sure that you're worth betting on, that they'll put their story name on the outside of your hotel. But it does bring up another point in hospitality, which is there's just multiple streams of income in hospitality. I saw a study last year that showed that in the upper resort markets, the fancier hotels and markets you might go to that the average person whatever they spend on their nightly rate in the hotel, they spend 80 to 85% of that per day on all the other things associated with their stay. Now, some of those are going to be off campus, but the more that you can provide to the guests you've already brought onto the property, the more profitable it can be,   Keith Weinhold  33:25   from resort fees to valets and more. Yes, there certainly is plenty to add on there. Maybe the last thing in hotel investing is, if someone wants to get started, what should they even be looking at, as far as say, understanding some of the metrics, like rev Park. Can you give us a quick walk around that?   Robert Helms  33:45    Yeah, so  if you're used to investing in apartment buildings or single family houses, you've probably seen the basic income formula. You know how to calculate for loss to lease and maybe vacancy and those things. Well, there's just a few more intricacies when it comes to hospitality, but it's not that difficult if you just think that you're renting every night instead of every month or every year, and instead of having my turnover be one tenant every two years, it's one tenant every four days. There's just a lot more to pay attention to. And so the most important metrics in the hospitality industry are obviously occupancy, how many nights our rooms are occupied? And then ADR, which is average daily rate, and that is the rate for a particular unit type on average over some period of time, typically a year. And if you were to multiply occupancy times average daily rate, that gives you a revenue per available room or RevPAR. RevPAR can be affected, and it's the primary metric that we drive to in the two ways, you can increase occupancy to increase your RevPAR, but in many cases, you don't need to increase occupancy if. The market will allow you to raise your average daily rent. We've just gone through in the last year that our occupancy is down about 2% for the year, and our average daily rate is up more than 16% so the math works that follow me on this with slightly less wear and tear on the units our owners are making more money. So it is a balance. It's not like I want maximum occupancy. Well, not necessarily. Hardest thing to manage for any hotel is a sold out night. Sounds like a good idea, but you have no wiggle room, whereas when you've got even 3% vacancy and something goes wrong in the middle of the night with somebody's unit, you can get them moved somewhere down the hall, not somewhere across town. So I would say there are some really great resources. If someone's interested in hospitality. There's a big company called the hotel valuation systems, HVs, and they have a lot of great tutorial information available if you're really interested. Go to a conference, a hotel conference, and you'll pick up the lingo pretty quick and meet some of the folks that are in the business. It is, historically, one of the highest return properties, but also a lot of high costs, and again, expect some negative cash flow at the beginning.   Keith Weinhold  36:18   Yeah. Well, it was great. And you brought up something that I had not thought about before, about how 100% occupancy could actually introduce problems in the hotel space. And of course, there are a number of other things to consider, surge pricing, high seasons, low seasons, an awful lot that we don't think about when we're renting out single family homes one year at a time. Well, Robert, that's been a great walk around talking about the institutional space, midterm rentals, short term rentals and hotels, and you and I have a great collaboration coming up together. Why don't you tell our audience about it?   Robert Helms  36:55   Oh my gosh. I am so thrilled that you'll be joining us again for our 23rd annual Investor Summit at sea. This event we do once a year, and by its name, you can probably tell that the majority of it happens on a cruise ship. We spend two days in beautiful Miami at a great hotel, then we jump on a luxury cruise ship for seven days. On the days that we're at sea, it's workshops and seminars and panel discussions and round table lunch discussions and all kinds of fun. And on the sea day, on the land days, we go have a good time together. It's extraordinary. You've been with us before, and I'm super excited to have you back with us on faculty, and excited that we're going to get to brainstorm a little bit with a couple other podcasters. So some of the OGS are going to be on this particular summit.    Keith Weinhold  37:43   Yes, it is June 20 to 29th this year, where we spend the first two days on land in Miami, and then we spend a week cruising to the Bahamas, St Thomas in St Martin. We're doing it on a beautiful ship, the celebrity beyond. So as one of the faculty members, you'll get to see me do a 50 to 60 minute presentation, a couple of lunch, round table discussions. I might be on a panel or two, and also host a table for dinner each night where participants like you rotate around at the tables, and that way you get to chat directly with most or all of the faculty members. That way. Yes, Robert, I was there in 2016 as an attendee. It's great to finally come back as a faculty member. I will be putting the second pepper on the necklace.   Robert Helms  38:29   All right. Well, it's gonna be a ton of fun. And the great thing about it is we have people from all over the world that come and you get in these awesome conversations. You know, you go to a one day or two days seminar, and you get to connect with some people, but boy, and this week, you're going to have a chance to meet all kinds of folks. And the faculty is amazing. Our mutual friend Ken McElroy will be back with us for his 12th year. Peter Schiff's going to be back with us again. We've got the George gammon coming. Brian London, who runs the New Orleans investment conference that you and I usually rub shoulders at, and ton more, just a really great time. And if you're serious about collapsing time frames, you can get more done in nine days on the Investor Summit that you can probably get of two years of just haphazardly going to conferences and watching webinars and listening to podcasts   Keith Weinhold  39:18   you will see what we mean if you attend, about putting a pepper on the necklace and what that is all about. I can tell you from attending in 2016 just one previous appearance there. It is the greatest real estate event that I have ever attended. It's really immersive. It's really fun. Of course, you get off on these ports, and there's a beach component to it as well. It's not a low cost event, but as I like to say, it's not cheap, but neither are you.   Robert Helms  39:50   It is an investment, that's for sure. I think it's important that you approach it that way, right? As investors, we demand a return. On our investment, and you should do that on the summit. Don't just show up and have a party time. That'll be great. It'll be fun. But be strategic about who you want to meet, who you want to hang out with, and who you want to learn from. The faculty is like no other. We'll have at least 15 faculty members. There's a couple more that we're working on, whose names you would know, but we are not ready to announce yet, but it's going to be so much fun. Oftentimes, the best people you meet, you meet at dinner, or you meet at the beach, or you meet out on deck. So we'd love to have you join us and tell you what, if someone is listening to your show, Keith, and they would love to have dinner with you. All they have to do is let us know that when they register say, you know, I want a chance to have meal with Keith, and I think we can make that happen.    Keith Weinhold  40:45   Oh, that's great. And, you know, Robert, it's rare. It's the type of event where, even though it's been nine years since I was there, you developed such a close kinship with the like minded attendees that, you know, I might see a some of it's a Facebook friend now, you know, Steve or Dave or something. And I'll always remember, oh yeah, I met Steve on real estate guys Investor Summit to see it's almost like a relationship you would have with, like, a long ago high school classmate, to be around each other for nine days and all these places. It just kind of brings this different element to it. You can learn more at Investorsummitatsea.com, and get registered there. You can see my smiling face in the faculty section along with the other faculty members. Remember, it's really about all the other people that you meet. You have any last thoughts about the terrific Investor Summit at Sea Robert?   Robert Helms  41:36    I would just say that in life, we tend to regret the things that we don't do a lot more than the things that we do. So get on board. You'll have an amazing time. No matter how great we say it is. It's better than that. It's like summer camp for the affluent, summer camp. As a kid, you didn't want to go, you weren't sure, and by the end, you were lifelong buddies. It's like that. It's investing on steroids. The photo ops are amazing, and you'll meet super cool people, plus you'll get the hangout with Keith and I. So I would say join us for the 23rd annual investors Summit.   Keith Weinhold  42:14   There's wisdom out there that says you should say no to more things in life, and in one tranche, that makes sense, and you also need to say yes to more things in life that fits the category. Here with the Great Investor Summit at Sea I really anticipated. It's one of my biggest events of the year. And Robert, it's been great having you back on the show.   Robert Helms  42:35   Thanks so much, Keith, and appreciate your listeners. Listening in today. Don't quit your Daydream    Keith Weinhold  42:42   Well, said.   Next week on the show, we talk about how to streamline the operations at your rental properties. Is it better to own rental property with, say, two bathrooms rather than one, or is that just another faucet that can leak and shower that can leak and toilet that can clog, and the pros and cons of allowing your tenant to have a pet in your rental unit, it's those sort of operational things and more that we help you improve next week right here on The GRE podcast, it's interesting about investing in a hotel to such a large scale that you can court major franchise branding, like with Hilton, Marriott Wyndham or Hyatt, which Robert has successfully done. And I have visited that property of his with him in person, and it's amazing what he's done there. And you know something, I have rarely met an American, or any global resident that is averse to staying at a branded hotel. I mean, that only seems to be an attractant. Now in the US, some people, they used to dislike franchise restaurants. I even remember people saying, Hey, we don't need another chain restaurant in my town. But I've never seen people scorn chain hotels and today, I mean, in the here and now, people seem to want both franchise restaurants and hotels. I mean today, you're more likely to hear something like hey. When is our town getting a Chick fil A? Why don't we have one yet? And of course, there is plenty of opportunities in these shorter term stay spaces without ever attracting a branding deal, major thanks to the terrific Robert helms today for his keen insight on shorter term rental real estate. This event, June's investor summon at sea is such a good time, and Robert really knows how to host it and make sure you have a good time. After doing it for more than 20 years, it is a rich, immersive experience with people, places, learning and. And relationship building. It's the type of experience that you just can't get from an Instagram reel. It does draw attendees worldwide, although most attendees were from the US when I was there that one previous time. When you register, if you want to make sure that you get dinner with me, let them know, and we'll make it happen, because we know that you haven't heard enough of my voice every single week for more than a decade now, right? In my opinion, it is the crown jewel of world real estate investing events start at Investorsummitatsea.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker  45:46   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  46:14   The preceding program was brought to you by your home for wealth building. Get rich education.com  

In this episode, we discuss mid-term rental properties, what they are and how much more money you can make. This includes which properties tend to make better mid-term rentals and what you need to do (as a property investor) to rent your property out mid-term. Ultimately, this is so you can make the right decision about whether to rent your property out on the mid-term market. For more from Opes Partners: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the weekly Private Property newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠TikTok⁠⁠

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In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions! --- ⭐️ Open a Bond Account on⁠⁠⁠ ⁠⁠⁠⁠Public⁠⁠⁠⁠⁠⁠⁠ to lock in your 6% or higher yield today,⁠⁠⁠ ⁠⁠⁠⁠Click Here!⁠⁠⁠⁠⁠⁠⁠ ---

Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this insightful episode of The Real Estate Experiment, Ruben Kanya dives deep into the world of strategic fee structures for mid-term rentals. Addressing a key challenge faced by operators, Ruben explains how to create a well-balanced pricing strategy that maximizes profitability while maintaining tenant satisfaction. By emphasizing the importance of breaking down fees into clear, justifiable line items, Ruben shares how you can align your pricing to meet the expectations of insurance companies, relocation specialists, and tenants alike. Ruben walks listeners through crucial topics such as the distinction between refundable and non-refundable fees, the necessity of utility caps, and the importance of monthly cleaning fees for maintaining property conditions. With actionable insights on how to include pet rent, admin fees, and move-out fees, he lays out a comprehensive roadmap for operators to safeguard their investments while providing premium service. This episode also highlights the power of playing both "offense" and "defense" in the mid-term rental space by proactively anticipating potential risks and crafting solid proposals. Listeners will gain valuable insights on how to navigate the mid-term rental insurance niche, effectively communicate with insurance adjusters, and create proposals that secure top-dollar contracts. Ruben's experience and expertise shine through as he outlines strategies to ensure steady cash flow, protect against damage, and maintain tenant accountability—all while maintaining high occupancy rates. Tune in now to learn how to fine-tune your mid-term rental pricing, optimize your profitability, and secure lucrative insurance contracts! #MidTermRentals #RentalPricingStrategy #RealEstateInvesting #InsuranceContracts #ProfitOptimization

Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this insightful episode of "The Real Estate Experiment," Ruben Kanya takes listeners into the lab to break down the critical strategies for protecting midterm rental assets. Recognizing the distinct needs of tenants in this niche—particularly those placed by insurance companies—Ruben explains why traditional long-term rental practices might not suffice. With his expert guidance, you'll learn how to ensure your properties are well-protected while maximizing profitability. Ruben covers three essential layers of defense, from choosing the right insurance coverage to incorporating monthly cleaning fees and security deposits in your contracts. Each layer is designed to minimize risk and maintain the property's value, especially when working with displaced policyholders and relocation companies. Ruben emphasizes the importance of proactive management, sharing how these strategies can prevent costly damages and ensure a smooth, profitable operation. Listeners will also discover bonus tips for managing tenant relationships, handling security deposits, and setting up a cleaning schedule to monitor the property condition. Ruben's hands-on approach, coupled with his detailed insights, makes this episode a must-listen for property investors looking to secure their investments in the midterm rental space. Tune in now to learn how to effectively safeguard your rental properties and create a worry-free, profitable experience for both you and your tenants! #MidtermRentals #RentalProtection #RealEstateStrategy #TenantManagement #AssetProtection

We're excited to welcome Jon Styer, a real estate broker and owner of Styer Real Estate Professionals and Styer Hospitality Co., a short- and mid-term rental management company in Columbus, OH. Led by Jon and his wife, Sara, Styer Hospitality has grown to more than 50 doors under management in just over a year. But Jon has been in the real estate space for years before that. In this episode, we talk about Jon's journey from managing LTRs to STRs — and why he finally landed on mid-term rentals as his sweet spot. We discuss balancing STRs and MTRs, overcoming challenges as you grow your business, marketing strategies that pay off, and how to cultivate guest/host relationships. If you're considering whether mid-term rentals are right for you — or you've simply been curious about them — you need to hear Jon's mic drop advice. (00:01:08) #STRShareSunday: @VisitanaCollection(00:04:57) How We Connected With Jon(00:07:36) Jon's Journey In Real Estate (00:12:50) His Mid-Term Rental “Aha Moment”(00:16:54) Balancing STRs and MTRs(00:22:15) Overcoming Challenges As You Grow (00:25:58) The Pros Of Becoming A Licensed Property Manager (00:29:01) The Tech Solution He Can't Live Without (00:32:24) Tried And True Marketing Strategies That Work (00:37:03) His Approach To Furnishing (00:41:17) The Guest/Host Relationship (00:48:07) How Many Properties Are Enough Properties? Resources:• Click here for full show notes • styerrep.com• styerhospitalityco.com• #STRShareSunday: @VisitanaCollection• Submit your property for our next #STRShareSunday at strshare.com• Video: How To Market Your Airbnb Without Using Airbnb • Airbnb Essentials Checklist: hostchecklist.comThanks for Visiting is produced by Crate Media.Mentioned in this episode:Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Why should you have a mid term rental? What are the pros and cons of mid term rentals? What do corporations look for when looking for corporate housing? Angela Healy, CEO of AvenueWest Managed Corporate Housing shares her knowledge.Angela Healyangela@avenuewest.comhttps://www.linkedin.com/in/angela-healy-avenuewest/

***Join us live, Thursdays at 11 AM Pacific for the Evergreen Marketing Live Q&A: https://www.facebook.com/groups/officialcarrotcommunity/ ***Need to grow as a leader? Check out Trevor's podcast: https://link.chtbl.com/EFF ***Learn more at Carrot.com/shows - Carrot, a 5x Inc 5000 company, with millions of motivated leads generated over 10+ years. 

Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr In this focused episode of "The Real Estate Experiment," host Ruben Kanya dives deep into the mid-term rental space, sharing insights on how to leverage three essential elements for success: flexibility, freedom, and forecasting. Ruben explains the intricate details behind the mid-term rental insurance niche, a lucrative sub-niche that offers incredible returns with minimal turnover. Listeners will learn how this niche can yield 4X the returns compared to traditional long-term rentals and ensure steady cash flow and occupancy rates. Ruben also shares his unique blueprint for working with insurance companies and relocation specialists, highlighting how you can strategically position your properties for success. Whether you're just entering the mid-term rental space or are looking to refine your process, this episode provides actionable strategies and proven systems to help you scale your rental portfolio while maintaining freedom and flexibility. Tune in now to learn how to forecast effectively, maximize your profits, and create a scalable rental business with the right tools and team in place. #MidTermRentals #RealEstateInvesting #RentalStrategies #InsuranceRentals

Kim shares her experience investing in mid-term rentals in California from Canada. Kim Larson

Welcome to the Real Estate Ballers Show

Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this focused episode of "The Real Estate Experiment," host Ruben Kanya delves deep into the lucrative world of mid-term rentals, with a special emphasis on how understanding and targeting your ideal avatar—your perfect tenant—can significantly boost your success. Ruben shares valuable strategies for optimizing your rental properties to cater to specific needs, ultimately leading to higher occupancy and profitability. Listeners will discover the critical importance of market research, learning how to position their properties to attract high-value tenants. Ruben also explores the powerful niche of mid-term rental insurance contracts, explaining how they can be a game-changer for property managers and owners. With real-life examples and actionable insights, this episode is packed with practical advice for anyone looking to dominate the mid-term rental market. Whether you're just starting in the mid-term rental space or looking to refine your approach, this episode offers a clear blueprint to help you achieve greater success by focusing on who you're serving and how to meet their needs effectively. Tune in now to elevate your rental business and maximize your income potential. #MidTermRentals #RealEstateInvesting #TargetMarket #RentalStrategies

Unlock the Secret to Making Passive Income with Midterm Rentals – Earn Big with Less Hassle!In this episode, I'm diving deep into Midterm Rentals 101 with the amazing Diem Martin from Lifestyle Leaps. We cover everything from what mid-term rentals are, to effective midterm rental strategies, and how to set up midterm rentals for maximum rental income.Learn how to attract and convert tenants, price your rentals right, and deliver top-notch service to keep them coming back. Don't miss out on this mid-term rental 101 mini course and insights!Be sure to like and subscribe for more videos like this one!Follow Diem Martin:➡️https://www.diemmartin.com➡️https://www.youtube.com/lifestyleleaps

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

In this week's riveting episode of Furnished Finder's podcast, The Landlord Diaries, we sit down with Tara Jenkins from Chicago, Illinois. Tara is not only a mother of three with multiple degrees in hospitality, but she also has a profound love for travel. She masterfully manages five hybrid short-term/mid-term rental (STR/MTR) properties—four local and one out-of-state in Palm Harbor, FL.Tune in as we dlve into:A Prime Location: Discover the secrets behind Tara's Wrigley Field 2 bed, 2 bath MTR, commanding $6,000 a month.Luxury and Convenience: Learn about her spacious 4 bed, 3 bath rental with a 2-car garage and EV charging, which pulls in a whopping $11,500 monthly.Booking Strategies: Find out how 40-50% of Tara's MTR bookings are secured through Furnished Finder.Appealing Additions: Understand the impact of adding a charcuterie board and red wine to your property photos.Essential Tools: See why Tara recommends adding CubiCasa to your MTR toolkit.Join us for an episode filled with valuable insights and practical tips that can help transform your rental business. Don't miss out on learning how Tara bounced back from a significant financial loss to create a safer and more profitable landlording strategy!"0:00 Intro2:20 Tara's real estate journey started w/ a 2 flat unit3:40 Losing $30k in 2 days5:35 Tara's real estate portfolio6:35 Bigger Pockets books8:30 The ups & downs of real estate investing13:18 Property themes13:40 Wrigley Field 2 bed, 2 bath MTR for $6,000/mo16:50 Norwood Park, Tara's 2/1 house hack for $4,500/mo19:50 Why the mid-term rental strategy felt safer20:40 North Center 2/1 for $7,000/mo21:35 Chicago seasonal pricing22:20 Spacious 4/3 w/ 2 car garage & EV charging for $11,500/mo26:15 40-50% of Tara's MTR bookings come from Furnished Finder27:15 Should you drop your price or change up your marketing?32:20 Adding a charcuterie board & red wine to your property photos33:40 The Cycling Mermaid, 4/2 in FL for $7,000/mo35:30 Self managing an out of state property37:45 Hybrid MTR/STR calendar management38:45 CubiCasa43:30 Furnishing a property out of state45:00 HostGPO47:15 An MTR vs. STR marketing advantage50:35 Furnished Finder tips for securing MTR guests during off-seasonWebsite Links:https://www.furnishedfinder.com/ https://www.furnishedfinder.com/members/profile?u=Tara.Jenkins82 https://www.cubi.casa/ https://hostgpo.com/ 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.

Want to learn more about the cash flow benefits of Airbnb and mid-term rental properties? Dive into this episode with Andrew McCormick!Andrew shares his journey to building a long-term partnership, the ups and downs of his property management experiences, an effective strategy for employing the right individual, the reality of investing in California, and the lessons he learned while scaling their investment portfolio!Key Points & Relevant TopicsAndrew's path to mentorship, partnership, freedom, and success The importance of having referrals in hiring the right people for a real estate businessThings Andrew learned from managing his properties and hiring property managersDisadvantages of investing in the California market Why being active in your investments is importantBenefits of investing in short-term and mid-term rentalsResources & LinksPodcast: RE Social PodcastVincent Rodriguez's Episode: Establishing a Real Estate Portfolio as a Working ProfessionalApartment Syndication Due Diligence Checklist for Passive InvestorAbout Andrew McCormickAndrew is a successful entrepreneur, investor, and real estate agent who owns multiple small business in Orange County, CA. His primary role in AnVi is managing current assets and building teams in new and current investment areas. Vince has been the leading force behind AnVi Invest since its inception. Coming from an analytical background, he leads the team in the acquisition of new assets. He has been featured on major podcasts that stream worldwide.  Get in Touch with AndrewWebsite: https://anviinvest.com/ Instagram: @anviinvestLinkTree: https://linktr.ee/anviinvest To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Mike Sjogren and Emanuele uncover the strategies and motivating factors behind real estate investor Jesse Vasquez's success with midterm rentals. From his challenging beginnings to becoming a leader in the industry, Jesse shares innovative approaches for securing direct bookings and tapping into corporate housing opportunities. The episode also delves into the importance of knowing the 'why' behind goals, the power of transformational leadership, and the significance of philanthropy and coaching. With a balance of professional tactics and personal growth insights, listeners are treated to valuable lessons in resilience, continuous improvement, and genuinely caring for customers and team members alike. 00:00 Introduction to Overcoming Slow Months 00:22 Meet the Hosts: Mike and Emanuele 02:04 Podcast Goals and Exciting Guest Introduction 02:28 Jesse Vasquez: The OG of Midterm Rentals 04:03 Jesse's Early Real Estate Journey 07:02 The Turning Point: Discovering the Travel Nurse Market 14:54 First Property Purchase and Family Reactions 17:23 Scaling the Business and Direct Bookings 20:54 Leaving the 9-to-5: The Great Resignation 23:56 Overcoming Challenges and Embracing Opportunities 28:43 Overcoming Doubts and Building Confidence 29:16 Current Projects and Future Goals 30:17 Strategies for Extended Stay Hotels 32:21 Balancing Business and Personal Life 34:45 The Importance of Coaching and Mentorship 56:47 Leadership Styles: Transactional vs. Transformational 58:34 Celebrating Success and Setting New Goals 01:00:46 Final Thoughts and Key Takeaways Jesse Vasquez' Bio Jesse Vasquez draws from his knowledge, experience, and passion for the emerging business opportunity in the Mid-Term Rental market when mentoring hundreds of real estate investors, homeowners, and Short-Term Rental enthusiasts. After 18 years in corporate sales training and leading million-dollar healthcare teams while moonlighting as a Mid-Term and Short-Term Rental Operator since 2015, he left his high-earning 6-figure W2 Healthcare Sales Management career to go all-in with AirVenture Hosting and AirVenture Academy. Connect with Jesse https://www.youtube.com/channel/UC2x-yFc6Dbtzul2eN_Iskgw https://www.facebook.com/groups/mtrwithjessevasquez/ https://www.instagram.com/therealjessevasquez/ https://www.tiktok.com/@therealjessevasquez https://www.facebook.com/share/12KtUv3rfBPjgPGM/?mibextid=WC7FNe Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Sjogren and Emanuele uncover the strategies and motivating factors behind real estate investor Jesse Vasquez's success with midterm rentals. From his challenging beginnings to becoming a leader in the industry, Jesse shares innovative approaches for securing direct bookings and tapping into corporate housing opportunities. The episode also delves into the importance of knowing the 'why' behind goals, the power of transformational leadership, and the significance of philanthropy and coaching. With a balance of professional tactics and personal growth insights, listeners are treated to valuable lessons in resilience, continuous improvement, and genuinely caring for customers and team members alike. 00:00 Introduction to Overcoming Slow Months 00:22 Meet the Hosts: Mike and Emanuele 02:04 Podcast Goals and Exciting Guest Introduction 02:28 Jesse Vasquez: The OG of Midterm Rentals 04:03 Jesse's Early Real Estate Journey 07:02 The Turning Point: Discovering the Travel Nurse Market 14:54 First Property Purchase and Family Reactions 17:23 Scaling the Business and Direct Bookings 20:54 Leaving the 9-to-5: The Great Resignation 23:56 Overcoming Challenges and Embracing Opportunities 28:43 Overcoming Doubts and Building Confidence 29:16 Current Projects and Future Goals 30:17 Strategies for Extended Stay Hotels 32:21 Balancing Business and Personal Life 34:45 The Importance of Coaching and Mentorship 56:47 Leadership Styles: Transactional vs. Transformational 58:34 Celebrating Success and Setting New Goals 01:00:46 Final Thoughts and Key Takeaways Jesse Vasquez' Bio Jesse Vasquez draws from his knowledge, experience, and passion for the emerging business opportunity in the Mid-Term Rental market when mentoring hundreds of real estate investors, homeowners, and Short-Term Rental enthusiasts. After 18 years in corporate sales training and leading million-dollar healthcare teams while moonlighting as a Mid-Term and Short-Term Rental Operator since 2015, he left his high-earning 6-figure W2 Healthcare Sales Management career to go all-in with AirVenture Hosting and AirVenture Academy. Connect with Jesse https://www.youtube.com/channel/UC2x-yFc6Dbtzul2eN_Iskgw https://www.facebook.com/groups/mtrwithjessevasquez/ https://www.instagram.com/therealjessevasquez/ https://www.tiktok.com/@therealjessevasquez https://www.facebook.com/share/12KtUv3rfBPjgPGM/?mibextid=WC7FNe Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode with Erin Spradlin, Midterm Rental Consultant, Author & Real Estate Agent, she shares insights from their consulting business and property management experiences, highlighting the unique aspects of midterm rentals.We delve into Erin's investing philosophy and the role of emotional decision-making in real estate. Stories about renting to imperfect tenants offer a personal touch, while strategies for midterm rental property management, including insurance and marketing, provide valuable takeaways for aspiring and seasoned investors alike.Tune in on this episode!Key Topics:- What are midterm rentals and who are they for- Consulting and property management for midterm rentals- Real estate investing in Midwest and Great Lakes regions- Demand and tips for pet-friendly rentals- Managing rentals and tenant communicationConnect with Erin Spradlin:LinkedIn: linkedin.com/in/erinspradlinWebsite: erinandjamesrealestate.combiggerpockets.com/blog/contributors/erinspradlinConnect With Us:https://linktr.ee/thebigpictureblueprintJumpstart your land business with Ground Up Partners! We understand the challenge of finding capital in the land business. That's why we're here to provide all the funds you need to close your deals. No more worrying about finances; just bring us your signed contract. Visit www.gupland.com now to submit your deal and take the first step towards success.Fuel Your Investments with Ground Up Partners!Looking to diversify your portfolio with competitive returns? We're launching a fund for accredited investors to invest passively and enjoy competitive returns.Visit the link below to schedule a call with us today and take the first step toward growing your investments.Dan Haberkost: https://danhaberkost.com/looking-to-invest-passively/ Mason McDonald: https://masonrmcdonald.com/

Short-term rentals may be trendy in real estate investing, but creating comfortable corporate mid-term rentals can be just as lucrative with the right formula. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Vivian Yip, a public speaker, hospitality coach, mid-term rental entrepreneur, and the founder of Corporate Rentals USA by Hestia. Vivian is on a mission to become the trusted brand in mid-term rentals. Jonathan and Vivian unpack her childhood experiences alongside her parents, who were also real estate investors. She explains how those experiences helped her when she decided to pursue real estate investing as an adult. You'll hear about Vivian's first real estate investment, which was a house hack, who she rents to today, and why she got off Airbnb. Vivian shares what drew her away from the corporate world and into full-time real estate investing, what she loves about the hospitality side of mid-term rentals, and why she decided to focus on mid-term rentals versus short-term or long-term rentals. Vivian also delves into the work required to create successful mid-term rentals, guest screening, and using property management tools to set up a system for her properties. Finally, Jonathan and Vivian discuss the lack of comfortable corporate housing, the appeal of mid-term amenities, and how Vivian ensures a quality property for her guests. She also explains what her companies, Hestia and Hestia 360, do. Vivian Yip wants Hestia to be the go-to name in mid-term rentals, and she outlines precisely how she is accomplishing that in this episode. In this episode, you will hear: Vivian Yip's experiences with real estate alongside her parents as a child How her experiences helped her when she decided to pursue real estate investing as an adult Vivian's decision to invest in Austin and how her first home there's appreciation allowed her to pay it off quickly Why she's still house-hacking, who she rents to, and why she got off Airbnb Her transition away from the corporate world into full-time real estate investing The why behind Vivian's drive to become an investor Creating hospitality and what makes it the key to success The work required to create a successful short- or mid-term rental and the importance of screening guests The two property management tools Vivian uses to set up a property management system for her mid-term properties The lack of comfortable corporate housing and what makes mid-term amenities so appealing The self-audit Vivian offers all of her hosts to allow them to fill an amenity need and sends an inspector to every property to certify corporate housing standards Components she ensures are in every property Ensuring that an area is safe for tenants and how Vivian vets that Hestia and Hestia 360 and what each arm of the business does Location's importance for mid-term rentals versus that of short-term rentals What you should know about insurance stays Vivian's class that teaches realtors how to become experts in their markets 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/145/ to download it. Supporting Resources: Visit Vivian Yip's website - vivianyip.com Corporate Rentals USA on YouTube - www.youtube.com/@CorporateRentalsUSA Find Vivian on Facebook - www.facebook.com/vivianyip.keller Vivian's Instagram account - www.instagram.com/vivianyip_official Connect with Vivian on LinkedIn - www.linkedin.com/in/vivianyiptx Find Vivian on TikTok - tiktok.com/vivianyipofficial 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 - https://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.

Text us your email to stay up to date on all things Furnished Finder. Today we travel to Des Moines, Iowa. We talk with Chris Dickey about his 12+ mid-term rental units & co-ownership in Top Shelf Property Management. At this point in time, Chris advertises his mid-term rentals exclusively on Furnished Finder. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:05 Chris's journey to real estate & mid-term rentals3:00 Grow with the BRRRR method3:40 Chris's real estate portfolio & partnerships9:05 Managing your furnishing budget9:45 MTR coaches13:05 Why Chris is exclusively on Furnished Finder17:10 Your KeyCheck toolbox18:30 The KeyCheck live chat is so helpful19:15 The human aspect of communication23:00 The MTR rental flow process25:40 MTR lead time26:05 Responding to all your tenant lead types27:35 Start marketing your MTR before it's furnished28:20 Kelly's newest MTR is a 300 sq ft ADU31:20 Advertise ALL your MTRs for cross marketing opportunities32:30 Misfit properties make great mid-term rentals34:10 Mid-term travelers are flexible35:00 Rent income difference between LTR & MTR36:20 MTR guests leave your property better than they found it38:10 Top Shelf Property Management- Around 500 doorsWebsite 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/ Chris's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Chris_Dickey 7 main properties & 6 unit featuresSocial Media: @ChrisDickeyRealestate https://www.topshelfiowa.com/  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.

In this exciting episode of the Rent To Retirement Podcast, hosts Adam Schroeder and Zach Lemaster dive deep into the world of midterm rentals with expert Jesse Vasquez. Discover how midterm rentals can significantly boost your cash flow and provide a stable income stream. Jesse shares his journey from healthcare to real estate, the secrets to his success, and actionable tips for getting started with midterm rentals.

In this exciting episode of the Rent To Retirement Podcast, hosts Adam Schroeder and Zach Lemaster dive deep into the world of midterm rentals with expert Jesse Vasquez. Discover how midterm rentals can significantly boost your cash flow and provide a stable income stream. Jesse shares his journey from healthcare to real estate, the secrets to his success, and actionable tips for getting started with midterm rentals.

Sam Primm is a legend in the real estate investing and education world with over 250 doors, $46M in assets within 7 years, 2.7M followers on social media, 1.4K students nationwide and author of the book “Own Your Freedom”. Exciting news, Sam is a host on Furnished Finder and will be starting a mid-term rental master class this year. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:20 Sam's real estate focus & portfolio4:20 From no cashflow to healthy cashflow through MTRs6:15 Advice Sam would give his 2014 self8:45 Mid-term rentals supplement a w2 very well10:30 Real estate doubles in value every 15 years11:50 Mid-term rentals provide the best of both worlds12:10 How often do you hear from MTR & LTR tenants?14:35 Set up your rental for success on the front end15:40 Sam's mid-term rental program includes Furnished Finder training!18:45 Katie Lyon compares LTRs, STRs & MTRs20:10 Mid-term tenants are the best tenants possible!21:20 How do you decide when to mid-term a property?23:10 Sam's MTR performance metrics25:50 Overview of MTR expenses28:25 Sam's mid-term rental tips & tricks- welcome guide29:15 Mid-term rentals are the easiest to self manage30:25 Q&A from 5 Landlord Diaries listeners…31:10 Should you put your arbitrage portfolio into an LLC?34:05 2 Landlord mistakes not to make…34:40 When running your numbers, be conservative on your initial underwriting35:55 Set clear attainable real estate expectations36:45 Do you prefer single family homes or 1-2 bedroom apartments for MTR & why?40:10 Sam's real estate advice for new or mom & pop operators43:20 Masterminds can be very expensive, how do you choose the right one?46:00 Overview of Sam's book “Own Your Freedom” 49:00 Connect with Sam PrimmWebsite 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/ Sam Primm's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=MidwestPG https://www.fasterfreedom.com/ 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.

REIcon Investor Conference! Live in Edmonton on June 15th & 16th Pre-Sale Tickets End on April 15th www.reiconference.ca   Interested in joining the REI Masters Mentorship Program? Head to www.reimasters.ca Or email us at info@reimasters.ca   Got a question you'd like answered on the show? Email us at info@reimorningshow.com

This week on the Life Changing Money Podcast, I am speaking with Sarah Weaver. She is the mid-term rental guru! She has left her W-2 and now travels the world, just by investing in mid-term rentals.Sarah and I share our mid-term rental numbers, mistakes we made, and tax strategies so you can save massive amounts of money on your tax bill!Topics discussed this week:How to leave your w-2 by investing in mid-term rentalsWhere to buy a mid-term rentalTax strategies for mid-term rentalsMistakes people make with mid-term rentalsMetrics to look at when buying mid-term rentalsPlus so much moreCONNECT WITH SARAH:www.sarahweaver.comHow To Get Involved:Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others, and how it can do the same for you. Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the Creator of the Write Off Your Life Course. She is a kickass tax strategist, business coach, and all-around master when it comes to wealth and finances. Barbara aids business owners and high net-worth individuals in saving tens of millions of dollars in taxes while also growing their profits.When she's not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!Do you have a burning question that you'd love to hear answered on a future show?Please email it to: podcast@yourtaxcoach.bizSign Up For Our NewsletterLife Changing Money PodcastGet Tax Help!   

Today we talk with California real estate investors, Vince Rodriguez & Andrew McCormick, founders & managing partners of AnVi Invest. These guys both have full time jobs, are hosts of the RE Social podcast and have over $10M+ Assets Under Management (AUM), 25 Doors, over 700k+ annual gross rents & over $1M+ total capital raised. Their desire for cashflow led AnVi to the mid-term rental strategy with 6 doors currently on Furnished Finder. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:20 Andrew's digital nomad trip to Mexico City3:00 The RE Social recording studio3:40 From musicians to real estate partners4:30 Andrew & Vince current real estate goals7:30 The AnVi Invest Portfolio10:15 Why red/blue states & cash flow led AnVi to mid-term rentals15:00 Solving the cash flow issue20:25 AnVi's mid-term rental portfolio23:10 Shifting 9 properties from LTR or STR to MTR in 13 Months!30:00 How to capture your TV best in professional photos33:30 MTR buying & marketing practices40:15 Pivot hard after 10x opportunities42:45 AnVi Invest's assets under management play book 50:10 Create a product so great that it spreads by word of mouth53:05 What led to the RE Social podcast & meetupsWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources AnVi Invest Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Andrew.McCormick https://linktr.ee/anviinvest IG: anviinvestThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Susan Kienitz is a mid-term rental investor in Long Beach, California. She has 9 rentals total including an 8- plex that her family has owned for 25+ years. She has converted 6 of these units to mid-term rentals and will educate us on her process.In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries3:15 Susan has binge watched all The Landlord Diaries episodes!3:45 The journey to mid term rentals5:35 Mid-term rental guests8:05 Susan's real estate portfolio12:15 Susan's next move might be out of state investing18:00 Where does Susan get her bookings from?19:25 Are you listening to what guests want?25:15 Why Susan puts her “house rules” in her property description28:05 Using Message Templates & Tenant Leads to streamline your bookings36:40 Susan's journey converting her 8 plex units from long term rentals to mid term rentals38:15 Why Susan is converting her queen beds to king beds even in tight spaces40:10 How have Susan's furnishings changed through experience43:40 Do you have space for those extra cleaning or restock items?46:25 How Susan found her trusted cleaning team52:50 Tips to keep your cleaning team happy through an average of 4 cleans per year54:15 Operating the “unit” feature on Furnished FinderWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Join us for the 2024 Mid-Term Rental Summit...Use Promo Code "FurnishedFinder" to receive 10% off your ticket price.https://midtermrentalsummit.com/ Susan's Listings on Furnished Finder:Furnishedfinder.com/members/profile?u=Susan.KienitzThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

                    Listen in as Diana and Josh share: How each of their father's passings triggered transformation and a life change How Diana was able to leave her W-2 job in a few short years How, when the real estate industry changed, Josh and Diana pivoted and found ways to use their skills in ways adjacent to real estate that still help them get to their goals How they embrace an attitude of constant learning in order to consistently move forward …and so much more!                                                     About Diana Ossa and Josh Dobken Diana and Josh — We are Architects, Designers, Construction Managers, Real Estate Investors and Mid-Term Rental Hosts! Together, we have 15+ years of experience in the architecture and construction industries. We invest in value add opportunities where we can use our design expertise to maximize our return on investment. Additionally, we co-host 30 Mid-Term Rentals across multiple states for other Real Estate Investors!   How to Connect With Diana & Josh Website: www.designinvestfi.com LinkedIn: https://www.linkedin.com/in/josh-dobken-75417015/ and https://www.linkedin.com/in/diana-ossa-aia-noma-leed-green-associate-ncarb-82237837/ Instagram: https://www.instagram.com/d.i.fi/

Welcome to the RE Social Podcast, your source for real estate investing tips! In this episode Andrew and Vince are joined by Kelly Bailey and Katie Lyon, of the Landlord Diaries podcast and Furnished Finder. Explore the world of real estate investing, with a focus on mid-term rentals and the benefits of Furnished Finder – a platform connecting landlords with tenants without transaction fees. Listen to their personal experiences and gain insights into the growth of mid-term rentals, the importance of proactive lead engagement, and utilizing data for market analysis.  Discover strategies for success, including quality communication with tenants, effective networking, and leveraging Furnish Finder's powerful tools. Don't miss out on this insightful conversation – tune in now! Key Takeaways 00:00Who is Kelly & Katie 2:45Furnished Finder  7:36The Staff 9:47Growth Amid Changes 13:40Furnished Finder vs. Airbnb 20:07Verbiage 21:50Key Check 27:47Stats 33:55Networking with Fellow Landlords 38:55Journey 43:30Property Purchase Insights 55:37Learning Moments 1:13:34Advice  1:18:13Contact Information Resources and Links Key Check https://www.keycheck.com  Airbnb https://www.airbnb.com  VRBO https://www.vrbo.com  Zillow https://www.zillow.com  Connect with Kelly & Katie https://www.furnishedfinder.com   https://www.linkedin.com/in/katie-lyon8/ https://www.linkedin.com/in/kelly-bailey-0989b958/  https://www.facebook.com/FURNISHEDFINDER  https://www.instagram.com/thelandlorddiariespod/  https://www.youtube.com/@thelandlorddiaries  Learn more about AnVi Invest

In the ever-changing landscape of the sharing economy, the concept of home sharing has undergone significant transformations. With the rise of short-term rental platforms like Airbnb, travelers and hosts alike embraced the idea of unique, short-term stays. However, the question that now looms large is whether the Airbnb dream is dead. While challenges persist, the evolution of the industry tells a different story—one of adaptation and innovation. Real estate investors, in particular, are exploring new avenues, with a growing interest in mid-term rentals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shayla bought rental properties 15 years ago. They ended up being cash flow negative, and she eventally ended up losing them.Recently Shayla decided that she wanted to get back into real estate investing, and wanted to buy a property that was going to be very profitable.On this episode, we talk about how Shayla is making a ton of cash flow off on mid term rental.We talk about what she paid for the property, how much she spent to furnish it, how much her mortgage payment and other expenses are, and how much she profits after everything.https://rentalincomepodcast.com/episode454

I'm diving into the intersection of Dry January and Mid-Term Rentals. While many businesses feel the pinch during this month of resolutions and abstinence, we're exploring a different narrative—how Airbnb hosts can turn the tide and capitalize on unique opportunities. Join me, D, as I unpack the strategies and insights behind navigating Dry January through the lens of Mid-Term Rentals. Discover why this seemingly challenging month can be a golden opportunity for hosts to welcome a different clientele—students, contractors, and more—who are seeking accommodations beyond the typical short-term stay.

Today's expert guest is Sarah Weaver, co-author of the new MTR management book, 30 Day Stay. She joins the show to detail her amazing journey – around the world and back again – to Omaha, where she's now grown roots as a trusted MTR hosting mentor, real estate investor, business coach, speaker, and global workshop leader.Sarah is financially free and has leveraged mid-term rentals to design a life she loves. In this episode, we hear all about the beginning of her travels – managing her first property from Argentina and buying her second from Mexico – all the way through to her burgeoning empire in the American midwest (with a pandemic pitstop in New Zealand, of course).Her wealth of experience and wisdom goes so much deeper than midterm rentals; steeped in the low-grade pressure cooker of solo female global travel and through work with her own mentors, her perspective on the world gives us so much to learn from.Grab Sarah's book, 30 Day Stay, published by Bigger Pockets here: https://amzn.to/3RjlpUo(00:01:13) #STRShareSunday: @40th.and.fruit(00:06:49) Sarah Weaver's Worldwide Hosting Journey(00:17:10) Managing Rapid Growth in 2020/21(00:27:05) Shifting Strategy to Mid-Term Rentals (00:46:58) Growing Roots in Omaha, NebraskaResources:Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!Airbnb Essentials Checklist: hostchecklist.comRead: 30 Day Stay by Sarah Weaver & Zeona McIntyreInstagram: @sarahdweaverFurnishing services: Arya Design ServicesInvestor retreats: Invested Adventures#STRShareSunday: @40th.and.fruitThanks for Visiting is produced by Crate Media.Mentioned in this episode:Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!Join us for our live, free, host masterclass and learn how to OWN your digital real estate! Sign up at hostmasterclass.com.

Hello and welcome to The Property Management Show podcast, your go-to destination for exploring the dynamic world of property management, entrepreneurship, and marketing. Brought to you by Fourandhalf Marketing Agency, a leader in the industry since 2012. Fourandhalf helps residential property managers get more owner leads and improve their online presence through website design and […] The post Mid-Term Rentals Part 2: Strategies for Success in Managing Furnished Properties appeared first on Fourandhalf Marketing Agency for Property Managers.

In today's Share The Wealth Show, we are thrilled to have Brianna Mulzac and Tyrell Taylor back once again to delve deeper into the facets of their multifaceted business. The duo will be elaborating on their experiences in navigating the realms of short and mid-term rentals, managing Turo cars, and employing digital marketing strategies. Tune in

Vivian has excelled in a great niche between short term rentals and long term rentals. She specializes in Mid-Term Rentals (30 day to less than 1 year stays). Also, listen to how she created her own brand called Hestia.

 Welcome to The Property Management Show podcast, where we delve into the ever-evolving landscape of property management, entrepreneurship, and marketing. This show is presented by Fourandhalf Marketing Agency. Since 2012, Fourandhalf has been helping residential property managers get more owner leads by helping with their website, SEO, online reputation, video and blog content, social […] The post Maximizing Profits with Mid-Term Rentals: Property Management Blue Ocean Strategy – Part 1 appeared first on Fourandhalf Marketing Agency for Property Managers.

Today we talk with Legacy Crash Pads in San Antonio, Texas. With multiple years in real estate, capital raising, and the MTR space, Vin Ochoa & Michelle Bryan have tons of knowledge to share in regards to buying real estate, KPIs, SOPs & VAs. Their portfolio includes 19 single family homes, 3 arbitrage, 11 of which are mid-term rentals. Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources Vin & Michelle's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Legacy_Crash_Padshttps://www.legacycrashpads.com/ https://linktr.ee/onthegoprofessionalsBook Referenced:Traction by Gino Wickman- https://a.co/d/9ftxo0L 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.

Today we talk with Tanishia Epps Spencer in Richmond, Virginia. Tanishia has participated in Jesse Vasquez, Al Williams & Pace Morby's coaching groups and Tanishia is now coaching as well. She has 20+ years of experience in the insurance industry and will enlighten us today on three main topics- 5 bedroom mid-term rentals, creative financing and how insurance works from claim to placement. In this episode we cover:(Points organized in episode order)Googled “how to buy houses without your own money”What does a successful whiteboard session look like?Do larger properties work on Furnished Finder across the nation5 bedroom home in NC for $6,000/mo5 bedroom home in AZ for $8,500/mo3 bedroom home in VA for $5,500/moLarger home features to analyze:What is the home composition?Avoid high renter populationsLook for high levels of homeowner populationWhat are the demographics for family composition?Average # of children, percentage of couplesWhy Pace Morby's group is worth the investment time and time againJesse & Al's groups were beneficial for proximity and knowledgeCreative financing- how to buy properties without going to a bankSubject 2- taking over the payments on someone else's existing mortgageHow to secure investors and keep them happy or ready for the next dealNot all designers are created equal, hear how Tanishia found the right fitInsurance Process From Claim To Placement(Starts at 31 minutes & 30 seconds)How can Furnished Finder hosts be ready when an insurance request comes in?Have your questions ready & your processes in place!Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats Tanishia's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=VIP_Home_Stays 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.

In a recent episode of "The Real Estate Experiment," Mike Stone, a former attorney turned Mid-Term Rental Insurance specialist, takes center stage, showcasing a remarkable journey of success in the industry. Stone's recent achievement breaks industry records—a substantial $45,000 per month contract for the next five months, resulting in a net profit of $12,000 monthly. The episode provides invaluable insights for those venturing into the Mid-Term Rental Insurance Niche. Stone emphasizes the significance of establishing connections with insurance and relocation specialists, highlighting the importance of understanding the specific asset requirements to cater to families in need. He advises potential players to engage in cold calling to introduce themselves as Midterm Rental Housing specialists. Negotiating contracts diligently and ensuring they align with the interests of all parties involved emerges as a critical decision-making factor. Mike Stone shares his strategy of seeking $2,000 more in net take-home for midterm rentals compared to short-term rentals. Recognizing the importance of education and proximity to industry figures, Stone recommends investing in learning and aligning with experienced professionals. The episode underscores the role of a podcast as a potent brand-building tool, with Invested Talent positioned to guide individuals in launching podcasts from inception to completion. Mike Stone's success story serves as a testament to the value of hard work and the importance of surrounding oneself with proven mentors in the real estate industry. The overarching message resonates with the essence of an abundance mindset and a willingness to put in the necessary work for sustained success. Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint HIGHLIGHTS OF THE EPISODE: 00:54 Mike Stone's journey to entrepreneurship. 05:20 Taking a risk in real estate. 10:28 Investing in Education and Coaches. 15:14 Benefits of having a coach. 20:05 Optimizing Airbnb Hosts for Quality Guests. 25:02 Mid-Term Rentals: Tips for Success. 35:06 Short-term vs. Mid-Term Rentals. 40:18 Solving a 12,000 sqft housing problem. 45:05 Negotiating a Luxury Property Rental. 50:07 Hard work pays off. 55:09 Keys to success in business. 1:00:11 Real Estate: The Key to Success. 1:05:02 Benefits of Podcasting for Real Estate Investors. CONNECT WITH THE GUEST Website: https://www.strignite.com/ Linkedin: https://www.linkedin.com/in/mikestonegroup/ Instagram: https://www.instagram.com/str_ignite/ Linktree: https://linktr.ee/mikestonegroup Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE #MidtermRentalContract #TipsforSuccess #TakingRisks

Today's Flash Back Friday episode is from episode #585, which originally aired on 5/1/23.   Real estate investor Michael Albaum splits his time between full-time real estate investor as well the program manager for Roofstock Academy. His experience runs the gamut of single family investments all the way to NNN properties with national credit tenants and a little bit of everything in between. Additionally, Michael has built an expertise at long-distance, value-add multifamily investing and has structured lifestyle that has allowed him to continually invest while traveling the world with his wife.      Quote:  Don't pretend you know everything, because you don't. Be humble and willing to ask questions and to learn.    Highlights:  04:55: Getting laser focused on one market to get better results 07:35: Utilizing local, state and national grants to help buy and fix up properties 15:10: The work Michael does teaching real estate investors at Roofstock 17:25: How Roofstock's mission and business model has shifted to adjust to the current market 20:15: Why mid-term rentals have helped Michael weather current market conditions 25:25: How Michael traveled full-time in a van while managing his investments 27:30: Where Michael's business is headed in the next five years 33:25: The types of mid-term rentals that are most in-demand   Guest Website: https://www.roofstock.com/   Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Ditron is a seasoned Short-Term Rental (STR) Investor who is teaching others how to get started and maximize profitability with STRs.  Ditron shares how he got started in real estate and utilized the house hacking and rent-by-the-room strategy. He shares tremendous nuggets on finding good STR markets and typical expenses associated with setting up and running a short-term rental. Ditron gives tips on working with AirBNB, STR expectations, amenities, and FAQs to consider to set yourself up for success. Mid-Term Rentals, STR underwriting, and automation are also discussed on the episode. This show is full of STR jewels of wisdom that you won't want to miss! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ditron Corker, Roam to Rome Spaces & STR Innovate Link: Ditron's Meetup Link: SUCI Ep 143 - Jessica Ryan Link: Who Not How (Book Recommendation) Link: Jeff Ma and Eli Goodman Meetup ----------------- Guest Questions 03:10 Housing Provider Tip: Deliver a nicely landscaped property to encourage upkeep! 05:37 Intro to our guest, Ditron Corker! 08:00 Ditron's first deal! 09:20 Getting into short-term rentals (STRs)! 13:46 Expenses on STRs. 20:07 STR-Specific Features and FAQs! 24:27 Entertainment amenities in STRs. 25:56 Where are STRs allowed? 31:08 Underwriting STRs! 35:34 STRs vs MTRs. 38:55 Automation Systems. 40:50 Lessons Learned! 46:06 Tax Advantages to STRs. 49:22 Ditron's upcoming conference! 51:49 What is Ditron's competitive advantage? 52:25 One piece of advice for new STR investors. 53:02 What do you do for fun? 53:24 Good book, podcast, or self development activity that you would recommend? 54:05 Local Network Recommendation? 55:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

Short-Term Rentals converting to Mid-Term Rentals. This is a big deal right now when it comes to regulations, changes at Airbnb and uncertainty in the market.  Today's podcast guest, Ruben Kanya of Experimental Real Estate, is converting many of his properties and networking with other owners as an exit strategy. Listen in now to hear Ruben's tips. Learn how to price your properties like an STR Pro with my Free Course: "Setup PriceLabs in 5 Simple Steps" at fearlesskyle.com/pricelabs Want more tools, tricks, and resources? We have you covered! You can check out everything on www.fearlesskyle.com. Make sure to watch the video on the homepage to learn how to get your STR business started ASAP. Check out our Youtube channel where I bring you free long-form content to teach you exactly how I built my business: Click Here. And don't forget to subscribe and hit that "bell" icon to get notified every time we drop a new video. Follow me on instagram: @fearlesskyle   And join one of the largest Facebook support groups for AirBnB hosts in the world! AirBnB Masterminds. This is my group, and I drop tons of tips in here. Click here to join. Disclaimer: None of the contents of this channel "The Fearless Investor" are meant as direct advice. The purpose of this channel is to inform and educate. It is the viewer's responsibility to decide if the education is something they will put into action. Kyle Stanley and the Fearless Investor Youtube Channel do not take responsibility for the results experienced by the listener/viewer.

Hello and welcome to another great episode of Thanks For Visiting. Today's expert guest, Jesse Vasquez, draws from his knowledge, experience, and passion for the emerging business opportunity in the mid-term rental market when mentoring hundreds of real estate investors, homeowners, and STR enthusiasts. He left his high-earning 6-Figure W2 Healthcare Sales Management career last year to go all-in with AirVenture Hosting and AirVenture Academy.Based in Central Valley, California, he found his niche in operating unique rental homes specifically for traveling healthcare professionals. With solid foundations, ongoing process improvements, and a team now rallying behind him what started from two homes in 2020, he now has a growing owned and co-hosted portfolio of over twenty property listings all over California and Texas. We hear how a sweet nurse named Barbera changed his life forever, putting him on a course to specialize in serving nurses and doctors in the mid-term rental space. We also set the stakes on what a mid-term rental is and how to best operate one, or more, for sustained profitability.And get your notes out for today's actionable theme – how Jesse identifies, connects with, and contracts with agencies and organizations (at higher rates) in need of the unique services he provides. It's a masterclass in business best practices – find a niche and nail it.Resources:• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!• Instagram: @therealjessevasquez• YouTube: Jesse Vasquez• #STRShareSunday: @trahlyta_cabin• Masterclass: Accelerated MTR Blueprint Masterclass• Jesse on Bigger Pockets: $1M/Year with 9 Rental Properties by Cracking the Travel Nurse Code• Read: Unreasonable Hospitality by Will GuidaraWIN $100k IN CASH PRIZES | There's a powerful why behind your business. The reason you keep up the hustle, inspire your team and trudge through the tough times. From now until November 12th, our partners at Relay are asking you to share your why with them.To compete for the Grand Prize, submit your entry here and complete all of the application steps before the deadline of November 12, 2023. To be eligible, you'll also need to open a Relay account, as this step will help Relay verify your business. Learn more here. No purchase is necessary. Terms and conditions apply.Thanks for Visiting is produced by Crate...

Sarita Scherpereel is a successful realtor and investor with a focus on House Hacking to help her clients build investment portfolios! Sarita jumps right in by sharing how she got started in real estate, built her business, and chose House Hacking as an area of focus. She shares tremendous value on how to analyze House Hacks and debunks several myths commonly associated with this strategy. Sarita discusses acquisitions utilizing multiple strategies including short-term, mid-term, and long-term rentals; all within the same property! Throughout the show, Sarita emphasizes the importance of surrounding yourself with a great team to do the first deal right and set yourself up for growth! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Sarita Scherpereel, Kale Realty Link: Sarita's Instagram Link: SUCI Ep 238 - Mike Facchini Link: First Ascent Climbing & Fitness Link: The Power of Now (Book Recommendation) ----------------- Guest Questions 04:56 Housing Provider Tip: Keep up with HVAC system servicing as preventative maintenance! 07:13 Intro to our guest, Sarita Scherpereel! 08:38 Sarita's start in real estate. 16:13 Choosing House Hacking as a niche! 23:57 Best activities for new Realtors to build their business! 28:33 Debunking the myths of House Hacking! 33:10 Mid-Term Rentals and Furnished Finder! 40:38 House Hacking in West Town. 45:28 Outlook on West Town. 48:25 What is Sarita's competitive advantage? 49:41 One piece of advice for new investors. 50:08 What do you do for fun? 50:55 Good book, podcast, or self development activity that you would recommend? 52:41 Local Network Recommendation? 54:09 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.