(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 Diaries

3:35 BURNOUT is real, stop exchanging your hours for dollars

4:20 Why Rachel chose short & mid term rentals as her path to freedom

6:00 Rachel’s “diamond in the rough” property

9:00 Rachel’s portfolio of 22 properties, 8 mid-term rentals, all 4+ bedrooms

10:35 Rachel’s “2 Door Strategy”

17:10 The 3 C’s of a luxury property 

19:55 Why Rachel pursues 4+ bedroom MTR properties

26:40 If your luxury properties are not pet friendly, you are leaving money on the table

29:55 The appreciation play for larger properties

30:40 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 ratio

38:10 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.