How to Double Your Real Estate Cash Flow with Medium-Term Rentals

Medium-term rentals are not new to real estate investing, but most investors have hardly heard of them. For years, corporate travelers would rent a room, apartment, or small property for a year or less. These travelers would pay a premium to avoid long-term leases and stay close to their work. But, with the rise of traveling nurses and digital nomads, the medium-term rental strategy is in a revival when investors need it most.

Joining us on today’s show are investors, coaches, and authors, Sarah Weaver and Zeona McIntyre. Their new book, "30-Day Stay," is a masterclass in the wonderful world of medium-term rentals, walking new investors through everything they need to double their cash flow almost overnight. This strategy sounds too good to be true, but even a short-term rental king like Tony Robinson says that he’s intrigued. So is there a catch to this no vacancy, high cash flow, and often headache-free type of housing?

In this episode, you’ll learn the pros (and very limited cons) of investing in medium-term rentals. You’ll also hear which markets this strategy works best in, what type of software you’ll need to run one, and how medium-term rentals are starting to rival vacation rentals! If you’re looking for an investment with a high ROI, that doesn't need to be minutes from a beach, this strategy is for you!

00:00 Intro
04:42 Medium-Term Rentals Explained
06:55 30-Day Stay
09:26 Analyzing a Medium-Term Rental
12:45 Tenant Screening Tips
18:36 Leases and Rental Agreements
20:34 Which Markets Work Best for MTR?
25:43 Double Your Rent Overnight!
29:48 Tenant Turnover
32:51 How to Get Started
36:23 Sarah and Zeona's Software Picks
38:20 Grab the New Book!

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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Grab “30-Day Stay” and Use Code “ZEONA” or “SARAH” for a Discount:
https://store.biggerpockets.com/products/30-day-stay?utm_source=youtube&utm_medium=description&utm_campaign=none
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Hear Sarah and Zeona on the “BiggerPockets Real Estate Podcast”:
Sarah: https://www.biggerpockets.com/blog/biggerpockets-podcast-563?utm_source=youtube&utm_medium=description&utm_campaign=none
Zeona: https://www.biggerpockets.com/blog/biggerpockets-podcast-229early-retirement-short-term-rental-properties-zeona-mcintyre?utm_source=youtube&utm_medium=description&utm_campaign=none
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Software Mentioned in Today’s Show:
Avail: https://info.avail.co/info/bigger-pockets-sponsorship
Furnished Finder: https://www.furnishedfinder.com/
Hospitable: https://hospitable.com/
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Follow Sarah and Zeona on Instagram:
Sarah: @sarahdweaver or https://www.instagram.com/sarahdweaver/
Zeona: @zeonamcintyre or https://www.instagram.com/zeonamcintyre/
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Connect with Ashley, Sarah, Tony, and Zeona on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Sarah: https://www.biggerpockets.com/users/sarahdweaver?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Zeona: https://www.biggerpockets.com/users/zeona?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 232

Show notes at: https://www.biggerpockets.com/blog/rookie-232?utm_source=youtube&utm_medium=description&utm_campaign=none

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