The Landlord Diaries FF103 5 MTR Traveler Types, 5 MTR Mistakes To Avoid & Helpful Arbitrage Tips w/ Shawn Costley
In this episode, we're diving into the world of mid-term rentals with Shawn Costley, a seasoned expert from Huntsville Corporate Housing Solutions in Alabama. Shawn has mastered the art of rental arbitrage, securing six out of his seven mid-term rentals through this innovative strategy. Join us as we explore three essential topics for every landlord and property manager:
- The 5 main mid-term rental traveler types in Huntsville, Alabama
- 5 critical mistakes to avoid in the mid-term rental space
- Best practices for successful rental arbitrage
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
0:40 What is arbitrage?
2:55 Shawn’s journey to MTR & corporate housing
4:00 ALE Solutions is a power user on Furnished Finder
4:30 Why Shawn chose arbitrage for his MTR strategy
6:45 Shawn’s 5 MTR traveler types in Huntsville, AL
7:45 Insurance displacement clients
12:00 Tech company clients such as Amazon & Samsung
14:35 Defense Industry clients
18:00 Fishing Tournament clients
21:25 Work crew clients
29:50 5 mistakes not to make in the mid-term rental space
29:55 When you stay in the property, you catch things you may not be aware of
35:25 Items frequently missing from a mid-term rental home
37:10 Don’t underestimate the power of marketing
41:40 Have reserves & be ready to pivot
44:10 Arbitrage best practices
Website Links:
https://www.furnishedfinder.com/
https://www.furnishedfinder.com/stats
https://www.furnishedfinder.com/Resources/PMResources
https://www.travelnursehousing.com/
https://www.facebook.com/groups/furnishedfinder.travelnursehousing/
Shawn’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Shawn%20Costley
www.HuntsvilleCorporateHousingSolutions.com
info@corporatehousingsolutions.com
The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.