The Landlord Diaries

FF124 The Surprising Tenant Types You’ll Meet in Midterm Rentals w/ Realtor Candice Menard

Dec 2, 2024

45:21

In this episode of The Landlord Diaries, we dive into the transformative mid-term rental (MTR) strategy with Candice Menard, a Realtor and Founder of Rent It Like A Saint in Lake Charles, LA. Candice has revamped her real estate portfolio, transitioning from aging long-term rentals (LTRs) to newer, high-performing midterm rental properties. Hosting travel nurses, construction teams, and displaced families, Candice shares her journey of building generational wealth and managing a family real estate business through intentional MTR strategies.

What You’ll Learn in This Episode:

Guest Story: How Candice utilized 1031 exchanges to sell older LTRs and purchase modern 4 bedroom homes tailored for MTR tenants.
Hosting Travel Nurses: Expert advice for renting by the room, setting house rules, and ensuring smooth tenant experiences.
Construction Teams as Tenants: Tips for accommodating their unique needs, from parking strategies to ROI-driven amenities like king-sized beds.

In this episode we cover:

0:00 Landlord Diaries Intro

2:55 Building generational wealth with real estate

6:05 Candice first MTR experience: renting rooms to travel nurses

8:05 Buying 4-bedroom homes for MTR tenants

10:00 Selling older LTR homes to fund nearly new MTR homes

12:05 Using 1031 exchanges to scale your portfolio

16:15 Hosting med pros & construction teams in 4 bedroom homes

16:50 Screen all your midterm tenants

17:35 Types of MTR tenants

19:20 House rules for MTR room rentals

22:15 Parking strategies for MTR properties