Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.
The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!
Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.
In This Episode We Cover:
The medium-term rental strategy explained and why it’s often a better bet than short-term rentals
Switching from short-term rentals to medium-term rentals and why the pivot makes sense
The best guests for medium-term rentals and why it isn’t always about traveling nurses
Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI
Property management, maintenance, and how to make sure your medium-term rental succeeds
Analyzing a medium-term rental property and what extra costs to be aware of
And So Much More!
Links from the Show
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Rob's Twitter
BiggerPockets Podcast 229 w/Zeona
BiggerPockets Podcast 300 w/Zeona
BiggerPockets Podcast 563 w/Sarah
Furnished Finder Stats
Books Mentioned in the Show:
Profit like the Pros by Ken Corsini
Raising Private Capital by Matt Faircloth
SKILL by David Greene
30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount)
Connect with Sarah & Zeona:
Sarah's Instagram
Zeona's Instagram
Sarah's BiggerPockets Profile
Zeona's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679
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