The Landlord Diaries FF101 Unlock Your Potential In The MTR Space Through Insurance Stays w/ Vetted Homes
Jun 24, 2024
01:02:03
Jason & Kellie Davenport will challenge us today to unlock our potential in the mid-term rental space through insurance stays. Their 4 homes on Furnished Finder average $4,000 -$7,000 each in monthly cash flow. Jason & Kellie receive insurance requests from all over the country and have established Vetted Homes to further educate MTR hosts on the topic of insurance stays.
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
2:30 Portfolio of insurance homes
3:10 Educating the masses on insurance MTRs
3:35 The first insurance stay
5:40 Why host Katie Lyon embraces arbitrage
6:35 Why many STR operators are adding or moving to MTR
7:00 How to help displaced families get back on their feet
10:10 Types of homes needed for insurance stays
11:40 How to combine Furnished Finder w/ your insurance stays
13:35 What motivates MTR hosts?
14:10 Types of insurance requests coming through Furnished Finder
15:55 What is the average length of insurance stays?
17:20 2-3x your rental rates w/ MTR insurance stays
20:45 Vetted Homes provides new sheets & towels for each stay
24:35 Business strategy for the insurance housing niche
26:45 Lead times for mid-term rentals are shockingly short
29:10 5 tips for connecting w/ insurance specialists or families
29:45 Identifying the right property for insurance clients
31:50 What areas are good for insurance stays
34:55 Negotiating the deal with insurance relocation agents
38:55 Welcome your guests w/ the Furnished Finder House Rules
39:55 Kelly & Jason’s welcome guide
43:00 Connecting w/ relocations specialists through Furnished Finder
44:30 Best practices for Furnished Finder search rankings
44:55 Tax benefits, LLC & cost segregation advice
48:00 Safety tips, protect your real estate properties
55:00 Mid-term rentals can be freedom for your family
1:01:05 Connect w/ Jason & Kellie
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