The Landlord Diaries

(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 Diaries2:55 Rather than worrying about vacancies, what’s my biggest ROI?8:05 Screening tenants & MTR turnovers14:15 Mid-term rental check out communication & process18:15 Mid-term hybrid rental setup, bookings & calendars28:50 Rachel’s advice on the value of Furnished Finder for larger properties32:30 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 business49:30 A “mathletes” advice for analyzing mid-term rental statsWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.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.

(Part 1) 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 Diaries3:35 BURNOUT is real, stop exchanging your hours for dollars4:20 Why Rachel chose short & mid term rentals as her path to freedom6:00 Rachel’s “diamond in the rough” property9:00 Rachel’s portfolio of 22 properties, 8 mid-term rentals, all 4+ bedrooms10:35 Rachel’s “2 Door Strategy”17:10 The 3 C’s of a luxury property 19:55 Why Rachel pursues 4+ bedroom MTR properties26:40 If your luxury properties are not pet friendly, you are leaving money on the table29:55 The appreciation play for larger properties30:40 Rachel’s TV appearance on the Netflix series “Buy My House”33:00 Return metrics: ROI, cash on cash returns, cash flow & price to rent ratio38:10 SNEAK PEAK of how Rachel advises others to find their “2 doors”Website Links:https://www.furnishedfinder.com/ https://www.keycheck.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.

Today we embrace the value of real estate accountability partners. Jessica Williams is an accountant for Bigger Pockets, realtor & investor with 3 mid-term rentals & 2 short-term rentals.  Jennie Lyday is an RN and real estate investor with 5 mid-term rentals, 7 single family homes & a 16 unit apartment complex. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:00 Jennie & Jessica’s MTR/STR hybrid portfolios4:00 These ladies embrace the RV renting business too!5:40 The MTR/STR hybrid strategy6:25 Accountability partners can be a game changer in real estate8:55 Venturing into the mid-term rental space11:45 Booking your MTR properties before they are even furnished15:35 From self-managing short term rentals to discovering the mid-term rental strategy15:45 Renting one bedroom on Furnished Finder covered Jessica’s entire mortgage17:15 Over 95% of Jessica & Jennie’s MTR bookings come from Furnished Finder29:25 Special touches at the end of a guest’s stay20:15 1 item guests ask for that you may not have…22:45 Utilizing KeyCheck as part of your mid-term rental process24:45 Jessica’s best real estate deal26:50 The power of negotiation & clear communication w/ Tenant Leads27:40 One STR booking doesn’t have to ruin your MTR booking29:10 Was purchasing a property next to an active train a good investment?30:55 Managing life w/ a full-time job & MTR landlording31:25 The value of instant messaging & dynamic pricing32:00 Rest days are super important33:00 Do you have a Google voice # for your rentals?!34:25 The power of partnerships36:15 Invest in really really good photos36:55 Walmart+ is a great tool for mid-term rental operatorsWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.travelnursehousing.com/ https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Jennie’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=JennielrnJessica’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=KeyworkProperties 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.

Sam Primm is a legend in the real estate investing and education world with over 250 doors, $46M in assets within 7 years, 2.7M followers on social media, 1.4K students nationwide and author of the book “Own Your Freedom”. Exciting news, Sam is a host on Furnished Finder and will be starting a mid-term rental master class this year. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:20 Sam’s real estate focus & portfolio4:20 From no cashflow to healthy cashflow through MTRs6:15 Advice Sam would give his 2014 self8:45 Mid-term rentals supplement a w2 very well10:30 Real estate doubles in value every 15 years11:50 Mid-term rentals provide the best of both worlds12:10 How often do you hear from MTR & LTR tenants?14:35 Set up your rental for success on the front end15:40 Sam’s mid-term rental program includes Furnished Finder training!18:45 Katie Lyon compares LTRs, STRs & MTRs20:10 Mid-term tenants are the best tenants possible!21:20 How do you decide when to mid-term a property?23:10 Sam’s MTR performance metrics25:50 Overview of MTR expenses28:25 Sam’s mid-term rental tips & tricks- welcome guide29:15 Mid-term rentals are the easiest to self manage30:25 Q&A from 5 Landlord Diaries listeners…31:10 Should you put your arbitrage portfolio into an LLC?34:05 2 Landlord mistakes not to make…34:40 When running your numbers, be conservative on your initial underwriting35:55 Set clear attainable real estate expectations36:45 Do you prefer single family homes or 1-2 bedroom apartments for MTR & why?40:10 Sam’s real estate advice for new or mom & pop operators43:20 Masterminds can be very expensive, how do you choose the right one?46:00 Overview of Sam’s book “Own Your Freedom” 49:00 Connect with Sam PrimmWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.travelnursehousing.com/ https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Sam Primm’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=MidwestPG https://www.fasterfreedom.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.

Today we talk with California real estate investors, Vince Rodriguez & Andrew McCormick, founders & managing partners of AnVi Invest. These guys both have full time jobs, are hosts of the RE Social podcast and have over $10M+ Assets Under Management (AUM), 25 Doors, over 700k+ annual gross rents & over $1M+ total capital raised. Their desire for cashflow led AnVi to the mid-term rental strategy with 6 doors currently on Furnished Finder. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:20 Andrew’s digital nomad trip to Mexico City3:00 The RE Social recording studio3:40 From musicians to real estate partners4:30 Andrew & Vince current real estate goals7:30 The AnVi Invest Portfolio10:15 Why red/blue states & cash flow led AnVi to mid-term rentals15:00 Solving the cash flow issue20:25 AnVi’s mid-term rental portfolio23:10 Shifting 9 properties from LTR or STR to MTR in 13 Months!30:00 How to capture your TV best in professional photos33:30 MTR buying & marketing practices40:15 Pivot hard after 10x opportunities42:45 AnVi Invest’s assets under management play book 50:10 Create a product so great that it spreads by word of mouth53:05 What led to the RE Social podcast & meetupsWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources AnVi Invest Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Andrew.McCormick https://linktr.ee/anviinvest IG: anviinvestThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Shelly & Justin Nupp are Knoxville, Tennessee, real estate investors that have experience with flips, one of which was featured on “First Time Flippers” Season 8, Episode 8. On properties they decide to keep, they embrace the mid-term rental strategy and typically aim for $1k per property in monthly cash flow. The Nupp’s have turned their passion into a booming business with two companies: “Centsible Designs” & “Restored Home & Design Co”. Stay tuned through the end of the episode for outstanding design tips in regards to accent walls & color application.In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries3:25 Shelly & Justin’s journey to mid-term rentals5:10 How The Nupp’s decide if they will flip or keep a property for mid-term rentals8:20 Why “quirky” properties can be great mid-term rentals11:30 Justin & Shelly’s portfolio of mid-term rentals13:35 The Nupp’s experience with Furnished Finder15:45 Let’s talk about the profit side of mid-term rentals17:35 Your mid-term rental toolbox21:15 Next level welcome gifts for your guests25:00 Asking for feedback at the end of your guest stay26:55 Best tips for standing out on Furnished Finder28:25 Ways to wow your guests with color pops & accent walls29:20 First steps in planning an accent wall33:25 How to choose the right color for your accent wall35:35 Deep dive into the design on a couple of Shelly & Justin’s properties40:15 Average cost, time & skill level needed for a nice accent wall44:35 How to make BOLD COLORS work well together48:45 Design, marketing & occupancy rates go hand in hand49:55 Shelly’s celebrity appearance on First Time Flippers55:30 2024 is your year for mid-term rentals!Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ Justin & Shelly’s Listings on Furnished Finder: https://www.furnishedfinder.com/members/profile?u=shelly.Nupp Lightroom Photo Apphttps://lightroom.adobe.com/ The Nupp’s Construction business: “Restored Home and Design Co.”Shelly’s Design Business: Centsible Designswww.centsibledesigns.com Instagram: @centsible_designs and @restoredhomeanddesignco Some of Shelly’s Lighting Options on Amazon!https://a.co/d/i2WK7cYhttps://a.co/d/2kmc11Whttps://a.co/d/a22v5f2 Shelly’s Appearance on First Time Flippershttps://vimeo.com/894596834The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

List your property today for one low annual price on FurnishedFinder.com0:00 Landlord Diaries Intro0:45 Step 1: Researching Mid-Term Rental Demand2:10 How does Furnished Finder differ from other OTAs?4:25 Step 2: Furnishing Your Property 8:25 Step 3: Start Marketing Your Property8:35 You can start with “Furniture Coming Soon”9:20 The Housing Request Feature, Matched & Unmatched Tenant Leads11:10 Furnished Finder connects landlords and tenants13:10 Use your Furnished Finder Landlord Profile As Your MTR Website13:50 Step 4: Secure A Tenant w/ KeyCheck14:30 Tenant Screening15:55 State Specific Leases16:30 Rent Payments18:00 Step 5: Check In Process & House Rules Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources Katie & Kelly's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=katie.lyon8 https://www.furnishedfinder.com/members/profile?u=Kelly*|B. 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.

Susan Kienitz is a mid-term rental investor in Long Beach, California. She has 9 rentals total including an 8- plex that her family has owned for 25+ years. She has converted 6 of these units to mid-term rentals and will educate us on her process.In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries3:15 Susan has binge watched all The Landlord Diaries episodes!3:45 The journey to mid term rentals5:35 Mid-term rental guests8:05 Susan’s real estate portfolio12:15 Susan’s next move might be out of state investing18:00 Where does Susan get her bookings from?19:25 Are you listening to what guests want?25:15 Why Susan puts her “house rules” in her property description28:05 Using Message Templates & Tenant Leads to streamline your bookings36:40 Susan’s journey converting her 8 plex units from long term rentals to mid term rentals38:15 Why Susan is converting her queen beds to king beds even in tight spaces40:10 How have Susan’s furnishings changed through experience43:40 Do you have space for those extra cleaning or restock items?46:25 How Susan found her trusted cleaning team52:50 Tips to keep your cleaning team happy through an average of 4 cleans per year54:15 Operating the “unit” feature on Furnished FinderWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Susan’s Listings on Furnished Finder:Furnishedfinder.com/members/profile?u=Susan.KienitzThe Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

Jason Griggs is a gym teacher turned real estate tycoon known as the “go to guy” in Las Vegas for short or mid-term rentals with one specific luxury property, The San Gabriel, that rents for $30,000 - $50,000 monthly. Jason is a realtor and property manager at Simply Vegas. He also owns Griggs Vacation Homes. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:39 Jason’s transition from PE Coach to successful real estate investor4:20 Jason’s real estate portfolio in Las Vegas6:10 The San Gabriel property details7:45 Flexing the San Gabriel between short term & mid term10:15 Creating an experience at your property12:45 Las Vegas area short term rental restrictions15:30 Should you be afraid of larger properties?17:25 San Gabriel guest types19:20 Communication style needed for luxury properties20:45 Upgrade the experience for your mid-term rental guests22:25 Furnished Finder leads for San Gabriel & Jason’s other properties24:20 With Furnished Finder, move in fees are paid upfront unlike other OTAs25:35 Jason’s Tier 2 property at 5,000 sq ft26:10 What should you consider when looking for a good STR/MTR hybrid property?29:45 How to compete w/ the luxury hotels30:25 Jason’s goal is to double his mortgage anyway he can31:50 Is someone going to ruin my property? 34:45 Be patient & proactive with your mid-term rentals, plan for some vacancies39:55 Why Jason chooses to pay off his properties as quickly as possible42:20 Jason thinks all realtors should be investors & partner with your clients43:55 What Jason teaches in Griggs University44:40 Final tips on how to succeed with larger propertiesWebsite Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ Jason’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Jason.Griggs https://winwithairbnb.com/https://griggsvacationrentals.com/ https://linktr.ee/jgriggsrealestateIG: @jgriggsrealestateEnjoying our show? We would be honored to receive your 5* review:https://podcasts.apple.com/us/podcast/the-landlord-diaries/id1641540804 https://open.spotify.com/show/4SvrXhCVRZMkbVDTF2Fyh2?si=f3d62047d84244a9 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.

Ricardo Sanchez is both an ICU travel nurse with over a decade of experience and a Furnished Finder host in Indianapolis with an 8 bedroom duplex house hack. In this episode we cover:0:00 Intro- Welcome to The Landlord Diaries2:10 Ricardo’s experience w/ permanent & travel nursing3:20 What led Ricardo to house hacking by the room, furnished6:55 Ricardo’s experience with VA loans8:05 Ricardo transitions from college kids to monthly Airbnb guests9:20 Ricardo’s choice to focus on travel nurses & list on Furnished Finder10:55 Travel nurse burnout and how Ricardo overcomes it11:45 Carving your own niche in the mid-term rental market18:40 Ricardo’s process of converting his duplex into an 8 unit room rental20:05 Furnished Finder Tip: How to see a traveler’s favorite properties27:20 Quick hitter tips for room rental operations35:10 Should you screen all your tenants including travel nurses?38:20 Are the Furnished Finder landlord & traveler profiles helpful?Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.travelnursehousing.com/ https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ Ricardo’s Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=RICARDO.SANCHEZ 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.