(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 Diaries

2:55 Rather than worrying about vacancies, what’s my biggest ROI?

8:05 Screening tenants & MTR turnovers

14:15 Mid-term rental check out communication & process

18:15 Mid-term hybrid rental setup, bookings & calendars

28:50 Rachel’s advice on the value of Furnished Finder for larger properties

32:30 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 business

49:30 A “mathletes” advice for analyzing mid-term rental stats

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.