BiggerPockets Real Estate Podcast
Business:Investing
Your real estate cash flow is suffering. Rent growth is slowing, mortgage rates are rising, and property prices are staying put. So where can you find more room to profit with your rental property? The answer is medium-term rentals! Until a couple of years ago, medium-term rentals, also called corporate rentals or traveling nurse rentals, were the sleepy investing strategy that only experienced investors like Jesse Vasquez knew about. But now, they’ve become (arguably) the best rental property on the planet.
With medium-term rentals, you can often make four (or more) times the rent than a regular rental. You’ll also have minimal turnover, more professional tenants, and be able to book out your place at a high monthly rate for four, five, or six months at a time. They’re easier to manage than short-term rentals but have substantially more cash flow than long-term rentals. So, how do you get in on this high-cash flow craze?
We brought Jesse back to the show for a step-by-step tutorial on starting, running, and profiting with a medium-term rental. He gives in-depth answers on how much it costs to start, the best locations to buy (or rent), how to get the biggest rental contracts from top corporations, amenities guests will expect, and what to charge. If you want to take your rental property from break-even to making bank, this is the strategy for you!
In This Episode We Cover:
The medium-term rental strategy explained and how to use it to make 400% more cash flow
Short-term rental regulations and why many hosts may need to switch to medium-term stays
Best real estate markets for medium-term rentals and signs of low vacancy
Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!)
Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental
Whether or not allowing pets in your rental is EVER the right move to make
And So Much More!
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David’s First Episode
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Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties
Book Mentioned in the Show:
30-Day Stay by Zeona McIntyre & Sarah Weaver
Connect with Jesse:
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Jesse's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-780
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950: The Easiest Way to Invest in Real Estate in 2024 w/Terrence Terrell
949: Seeing Greene: Is Losing $800/Month in Cash Flow Worth $200K+ Equity?
948: 10 Rentals in 5 Years by Buying in Overlooked Short-Term Rental Markets w/Jarrod Tucker and Yiwei Cheng
947: 2024 Deals We’re Doing with High Cash Flow and Rock-Bottom Rates (4.75%!)
946: How to Supplement Your Income with Real Estate (So You Can Do What You Love) w/Juliet Lalouel
945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter
944: 3 Ways We Find Real Estate Deals Even During the Harshest Housing Markets
943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan
942: Building Wealth with OLD Homes and How to Keep Tenants for Longer w/Lisa Field Moore
941: Seeing Greene: Are Home Warranties Worth It & When to Pay Off Debt vs. Invest?
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939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan
938: Scaling from 0 to 20+ Doors Using These "Self-Management" Tools & Tips w/Amelia McGee and Grace Gudenkauf
937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
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934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
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