The Landlord Diaries FF96 Can Luxury 4 Bedroom Homes Produce 4x The Cash Flow w/ Rachel Gainsbrugh (Part 2)
(Part 2) Dr. Rachel Gainsbrugh is known as the Luxury Short Term Rental Doctor and her luxury brand is Short Term Gems. Rachel was a speaker at the 2023 Mid-Term Rental Summit and is an expert in the luxury short term, mid term rental space. Rachel has a heart for training busy professionals in how to overcome burnout and change their trajectory with what she calls the “2 Door Strategy” - 1 luxury short term rental + 1 high value mid term rental to maximize your ROI (Return on Investment) & ROE (Return on Energy).
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
2:55 Rather than worrying about vacancies, what’s my biggest ROI?
8:05 Screening tenants & MTR turnovers
14:15 Mid-term rental check out communication & process
18:15 Mid-term hybrid rental setup, bookings & calendars
28:50 Rachel’s advice on the value of Furnished Finder for larger properties
32:30 Is your property set up properly to WOW your mid-term rental guests?
39:50 Are you ready when an insurance rep reaches out?
44:20 Are you hesitant to follow up with potential tenants?
45:10 Hospitality is such an important part of the mid-term rental business
49:30 A “mathletes” advice for analyzing mid-term rental stats
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/
https://www.shorttermgems.com/
Rachel’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Jesse.Gainsbrugh
Rachel’s training on finding those “Diamond in the rough” STR/MTRs:
https://youtu.be/ynCD7DjzMW4?si=nFz5SshRDrSNvLbE
https://www.shorttermgems.com/75gems
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.