The Landlord Diaries

Keeping July 4th in mind, we talk with Kate Homme today who is the Chief Growth Officer at Patriot Family Homes, headquartered in Chattanooga, TN. Patriot Family Homes is proud to be a veteran owned company focused on meeting the need for affordable, reliable housing predominantly near military bases in the South. The company is making big waves in the mid-term, short-term and corporate housing space with a 2023 company goal to acquire 1,000 furnished listings this year through acquisition, property management and leasing.Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.patriotfamilyhomes.com/ Patriot Family Homes Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Amy.Wigley41  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.

Yung Wei owns 13 properties, 5 of which are furnished rentals, 2 triplexes, a quadruplex and a mix of 1-4 bedroom single family homes.  In this episode we cover:Growing your portfolio to 13 doorsYung started his investment journey w/ a 4 plexLessons learned about the mid-term rental processThe power of contingency plans and margins It’s easy to toggle between MTR & STR Yung has a great example of this! Converting long term renters into mid term rental guests Monthly furnished rentals reach a variety of needs Supply management and leveraging your cleaners Creating a 5* experience for your guests Hospitality is a mindset Ready for repairs? Yung’s Furnished Finder favorites State specific leases Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources Yung’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=yung.wei  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.

Today we talk with FreeStand Home Solutions CEO, Bob Wilson, and President, Brandon Harris. FreeStands motto is to chase perfection and hold the team to a standard unseen in this industry!” Hear how Bob & Brandon accomplish this with their 46+ properties in the Chicago, Illinois area. Helpful Furnished Finder Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources FreeStand Home Solutions Promo Video:https://www.youtube.com/watch?v=f5S90SYZMdA&t=59s  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.

Your Furnished Finder podcast host team, Kelly Bailey & Katie Lyon, couldn't resist the urge to see just how "in the know" ChatGPT is about mid-term rentals...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.

Today, we have Dee Coulson in Kansas City, Missouri with us. Dee started Lux HighEnd Properties in the height of COVID  in an effort to provide safe, comfortable, luxury, all-inclusive flex-term housing to traveling medical and corporate professionals. Dee started out with one apartment suite and quickly scaled the business up to 14 units within 6 months. Dee's listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Lux.HighEnd.Properties  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.

Today we talk with Jeff Bower in Fort Wayne, Indiana. Jeff has a 4 bedroom farm house he rents by the room exclusively to traveling medical professionals and a 1 bedroom, 1 bath cottage. Jeff owns a contracting business called Bower & Sons specializing in accessory buildings, external home remodeling and barndominiums. In this episode we cover:(Points organized in episode order)Do farmhouses work for room rentals?Why room rentals vs. renting entire units?Is it hard to find tenants that rent by the room?Renting by the room reaches more budgetsCurrent room renters can be great marketing w/ a little incentiveDo shared bathrooms work out?Do travelers like shared spaces?Who’s renting by the room?Videos of the space is a must for room rentalsOn the design side, what’s important for private spaces and shared spaces?Jeff’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Jeff%20__%20Challis  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.

Katie & Kelly provide a solid recap of key thoughts from the May 2023 Mid-Term Rental Summit. The conference was just the right size with 300-400 attendees ranging from brand new to very experienced investors. If you missed this one, don’t worry there will be more! Watch your Furnished Finder emails or www.midtermrentalsummit.com for details on the next summit.In this bonus episode we cover:(Points organized in episode order)Brand new Furnished Finder stats not found anywhere on the website yet!40 Top Cities on Furnished Finder10 of The Top Searched Cities on The Furnished Finder MapWhich size unit works best for monthly furnished rentals?Demand by lead time is much shorter than you expectWhy pet friendly is a valuable feature on Furnished FinderKeyCheck, Furnished Finder’s business tools for mid term rental hostsCheck these conference tips before your next event! 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.

In today’s episode, we travel to Denver, CO to talk with Erin Spradlin Co-Owner of Erin & James Real Estate. Erin is a real estate professional, consultant and author. Erin loves to educate others on real estate topics, but especially the mid-term rental model. Today we will dive into her first book, American Nomads, and focus on the growing population of remote workers and who they are. You can follow her channel on YouTube by searching Erin & James Real Estate. Erin’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=erin.spradlin American Nomads: Finding and Renting to Remote Workershttps://a.co/d/bOQ042JErin's Guide to Midterm Rentals: Attract traveling nurses, remote workers and anyone that needs a 30+ day furnished rental with checklists and tips on medium-term rentalshttps://a.co/d/3fEzT3LErin’s YouTube Channel:https://www.youtube.com/channel/UCGOi6_g7e4lYbEey8NK-7vw 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.

Tammy Barnes has a w2 job, is a wife and mother of one rambunctious toddler and manages a couple mid-term furnished rentals in her spare time primarily for insurance-related claims. While this sounds like a sweet, simple story, she will address many of your concerns today about larger, higher priced homes as her 3 MTRs range between $7,500-$12,500/month.Tammy’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=tamarra.barnes  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.

Don’t miss today’s episode which is part 2 with our very own, Katie Lyon, Marketing Director of Furnished Finder & mid-term rental host. We will talk with Katie about her personal MTR journey with out of state investing in Florida & Iowa. Katie shares her insights on why investing out of state works for her and why she prefers condos and apartments. She also offers advice on working with designers and setting up a new unit.Katie Lyon’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=katie.lyon8  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.