679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties w/Sarah Weaver and Zeona McIntyre
BiggerPockets Real Estate Podcast
Should I Switch to a Medium-Term Rental?
Sarah and Ziana talk about the MTR strategy. Sarah: "Almost any location can support an MTR" Ziana: "It really isn't that stressful of a transition to go from a long-term to a medium-term"
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
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
BiggerPockets Podcast 229 w/Zeona
BiggerPockets Podcast 300 w/Zeona
BiggerPockets Podcast 563 w/Sarah
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:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Remember Everything You Learn from Podcasts
