The Landlord Diaries FF124 The Surprising Tenant Types You’ll Meet in Midterm Rentals w/ Realtor Candice Menard
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
23:35 Are construction teams a steady source of MTR bookings?
24:30 Disaster recovery housing opportunities
26:45 Enriching your community w/ MTR housing
28:15 MTR housing needs for court cases, restaurant openings & medical recovery
29:40 Tips for hosting construction teams
33:18 Using KeyCheck for MTR management
35:15 Cost analysis or ROI (return on investment) for added amenities
36:20 Why you should add king beds in each room if you have the space
39:05 Handling property fees and deposit alternatives
44:00 Connect w/ Candice Menard
List Your Property Now:
https://www.furnishedfinder.com/list-your-property
Candice’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Candice.Menard
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