The Broke Millionaires

E42: How We Co-Host Midterm Rentals (And Stack Bookings to Cut Vacancy)


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In this episode, Joshua and Lauren pull back the curtain on one of the hottest topics they keep getting asked about: co-hosting midterm rentals. They break down what co-hosting really is (and what it isn’t), why their model focuses on 91016, and the exact process they use to onboard and manage properties—from the discovery call to guest screening, turnovers, and performance clauses.

They also share a wild real-world result: one of their three-bedroom midterm rentals closed out 2025 with 355 booked nights—only 10 vacant days all year—by strategically stacking reservations and building a strong lead network (insurance placement, corporate stays, and overflow leads from Airbnb).

If you’re a real estate investor considering midterm rentals—or an owner curious about co-hosting—this episode lays out the operational truth: leads + systems + the right property are everything.

What You’ll Learn
• Why “stacking reservations” is the secret to minimizing gaps in a midterm calendar
• The difference between short-term, midterm, long-term, and where each model wins
• Why vacancy can kill short-term numbers (even in “perfect” STR locations)
• The #1 reason most owners fail at midterm rentals: no lead network
• Why they tell owners to expect ~10 months occupancy (and aim to overdeliver)
• How they evaluate property fit (size, layout, family features, market demand)
• The difference between market appreciation, inflation, and forced appreciation
• Their co-hosting system: walkthrough → analysis → proposal → onboarding → operations
• The “controversial” turnover move: brand new sheets + duvet cover every guest
• How they screen guests using tools like Autohost, ID verification, and leases

Key Topics Covered

Stacking bookings + insane occupancy
• A three-bedroom property closes 2025 with 355 booked nights (10 vacancy days).
• Why midterm can outperform STR vacancy patterns (midweek gaps, turnover friction).

Why they won’t build on comfort
• Selling a property to “fix cashflow” is a band-aid that sacrifices long-term wealth.
•Capital gains taxes + losing an appreciating asset makes selling a bad “quick fix.”

The three types of appreciation
• Market appreciation: supply/demand forces.
• Inflation hedge: dollar devaluation inflates asset prices on paper.
• Forced appreciation: strategic renovations and value-add improvements.

Co-hosting vs arbitrage
• Arbitrage relies on fixed rent obligations while income can decline.
• Cities tightening STR rules + oversaturation has crushed some large operators.
• Co-hosting offers a lower-liability model (no master lease exposure).

Why midterm operations are different
• Midterm guests are often families, displaced insurance claims, corporate stays.
• Furnishings must feel homey + durable, not “party house” aesthetic.
• Small details matter: bathtubs, family amenities, cohesive kitchen setup.

Their “Controversial” Turnover Standard
They do something almost nobody does:

✅ Every new guest gets brand new sheets + a brand new duvet cover

• They don’t reuse sheets for guests—helps avoid stains, wear, and hygiene concerns.
• Guests can keep the sheets; sheets are donated when possible.

It also saves labor:
• Their cleaning crew does less laundry, which reduces turnover time and cost.

Who This Episode Is For
• Investors considering midterm rentals as a strategy
• Owners struggling with vacancy or transitioning away from STR
• People curious about co-hosting but unsure what it includes

Resources Mentioned
• Airbnb Co-Host platform (for leads + matching owners to co-hosts)
• Autohost (guest screening + verification workflows)
• Ryan Pineda’s book: “The Wealthy Way”

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The Broke MillionairesBy Lauryn & Joshua Massari

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