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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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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Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-780
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729: The 10 Real Estate Markets Primed for Long-Term Growth in 2023
728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez
727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental
726: Future Millionaires: Why You Should Start Making "Offensive Offers"
725: Leaving Pro Sports and a Violent Past to Forge Financial Freedom from SCRATCH w/Suni Rao
724: The 3-Step System to Scale ANY Real Estate Portfolio
723: Seeing Greene: Why This Recession is a HUGE Opportunity for Investors
722: David Greene's Untold Story of 7-Day Workweeks to 7-Figure Net Worth
721: Commercial Real Estate Could Crash, But Are Everyday Investors Impacted? w/BiggerPockets CEO Scott Trench
720: Seeing Greene: Why Interest Rates Don’t Matter As Much as You Think
719: Future Millionaires: The Real Estate Investing Hurdle You MUST Get Over
718: BiggerNews: The State of Real Estate in 2023 and 3 Ways to Beat a Bear Market
717: Seeing Greene: Hoarder Houses and Investing Tips for Late Starters
716: FIRE by 27 Using the "Chick-Fil-A Rule" of Real Estate w/Greg Cullen
715: How to Make 2023 Your Best Year Ever
714: Seeing Greene: Outsourcing, Retiring with Real Estate, & Investing in College
713: The Real Life Top Gun’s Advice to Become ELITE at Anything w/John Foley
712: Has the Short-Term Rental Goldmine Run Dry? w/AirDNA’s Jamie Lane
711: Is This the BIGGEST Multifamily Opportunity in 10 Years? w/Andrew Cushman and Matt Faircloth
710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe
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