Landlord Diaries - The Monthly Rentals Podcast

Shelly & Justin Nupp are Knoxville, Tennessee, real estate investors that have experience with flips, one of which was featured on “First Time Flippers” Season 8, Episode 8. On properties they decide to keep, they embrace the mid-term rental strategy and typically aim for $1k per property in monthly cash flow. The Nupp’s have turned their passion into a booming business with two companies: “Centsible Designs” & “Restored Home & Design Co”. Stay tuned through the end of the episode for outstanding design tips in regards to accent walls & color application.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

3:25 Shelly & Justin’s journey to mid-term rentals

5:10 How The Nupp’s decide if they will flip or keep a property for mid-term rentals

8:20 Why “quirky” properties can be great mid-term rentals

11:30 Justin & Shelly’s portfolio of mid-term rentals

13:35 The Nupp’s experience with Furnished Finder

15:45 Let’s talk about the profit side of mid-term rentals

17:35 Your mid-term rental toolbox

21:15 Next level welcome gifts for your guests

25:00 Asking for feedback at the end of your guest stay

26:55 Best tips for standing out on Furnished Finder

28:25 Ways to wow your guests with color pops & accent walls

29:20 First steps in planning an accent wall

33:25 How to choose the right color for your accent wall

35:35 Deep dive into the design on a couple of Shelly & Justin’s properties

40:15 Average cost, time & skill level needed for a nice accent wall

44:35 How to make BOLD COLORS work well together

48:45 Design, marketing & occupancy rates go hand in hand

49:55 Shelly’s celebrity appearance on First Time Flippers

55:30 2024 is your year for mid-term rentals!

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

Justin & Shelly’s Listings on Furnished Finder: 

https://www.furnishedfinder.com/members/profile?u=shelly.Nupp 

Lightroom Photo App

https://lightroom.adobe.com/ 


The Nupp’s Construction business: “Restored Home and Design Co.”

Shelly’s Design Business: Centsible Designs

www.centsibledesigns.com 

Instagram: @centsible_designs and @restoredhomeanddesignco 

Some of Shelly’s Lighting Options on Amazon!

https://a.co/d/i2WK7cY

https://a.co/d/2kmc11W

https://a.co/d/a22v5f2 

Shelly’s Appearance on First Time Flippers

https://vimeo.com/894596834

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.

List your property today for one low annual price on FurnishedFinder.com

0:00 Landlord Diaries Intro

0:45 Step 1: Researching Mid-Term Rental Demand

2:10 How does Furnished Finder differ from other OTAs?

4:25 Step 2: Furnishing Your Property 

8:25 Step 3: Start Marketing Your Property

8:35 You can start with “Furniture Coming Soon”

9:20 The Housing Request Feature, Matched & Unmatched Tenant Leads

11:10 Furnished Finder connects landlords and tenants

13:10 Use your Furnished Finder Landlord Profile As Your MTR Website

13:50 Step 4: Secure A Tenant w/ KeyCheck

14:30 Tenant Screening

15:55 State Specific Leases

16:30 Rent Payments

18:00 Step 5: Check In Process & House Rules 

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

https://www.furnishedfinder.com/Resources/PMResources 

Katie & Kelly's Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=katie.lyon8 

https://www.furnishedfinder.com/members/profile?u=Kelly*|B. 

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.

https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ 

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.

Jason Griggs is a gym teacher turned real estate tycoon known as the “go to guy” in Las Vegas for short or mid-term rentals with one specific luxury property, The San Gabriel, that rents for $30,000 - $50,000 monthly. Jason is a realtor and property manager at Simply Vegas. He also owns Griggs Vacation Homes. 

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:39 Jason’s transition from PE Coach to successful real estate investor

4:20 Jason’s real estate portfolio in Las Vegas

6:10 The San Gabriel property details

7:45 Flexing the San Gabriel between short term & mid term

10:15 Creating an experience at your property

12:45 Las Vegas area short term rental restrictions

15:30 Should you be afraid of larger properties?

17:25 San Gabriel guest types

19:20 Communication style needed for luxury properties

20:45 Upgrade the experience for your mid-term rental guests

22:25 Furnished Finder leads for San Gabriel & Jason’s other properties

24:20 With Furnished Finder, move in fees are paid upfront unlike other OTAs

25:35 Jason’s Tier 2 property at 5,000 sq ft

26:10 What should you consider when looking for a good STR/MTR hybrid property?

29:45 How to compete w/ the luxury hotels

30:25 Jason’s goal is to double his mortgage anyway he can

31:50 Is someone going to ruin my property? 

34:45 Be patient & proactive with your mid-term rentals, plan for some vacancies

39:55 Why Jason chooses to pay off his properties as quickly as possible

42:20 Jason thinks all realtors should be investors & partner with your clients

43:55 What Jason teaches in Griggs University

44:40 Final tips on how to succeed with larger properties

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

Jason’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Jason.Griggs 

https://winwithairbnb.com/

https://griggsvacationrentals.com/ 

https://linktr.ee/jgriggsrealestate

IG: @jgriggsrealestate

Enjoying our show? We would be honored to receive your 5* review:

https://podcasts.apple.com/us/podcast/the-landlord-diaries/id1641540804 

https://open.spotify.com/show/4SvrXhCVRZMkbVDTF2Fyh2?si=f3d62047d84244a9 

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.

Ricardo Sanchez is both an ICU travel nurse with over a decade of experience and a Furnished Finder host in Indianapolis with an 8 bedroom duplex house hack. 

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:10 Ricardo’s experience w/ permanent & travel nursing

3:20 What led Ricardo to house hacking by the room, furnished

6:55 Ricardo’s experience with VA loans

8:05 Ricardo transitions from college kids to monthly Airbnb guests

9:20 Ricardo’s choice to focus on travel nurses & list on Furnished Finder

10:55 Travel nurse burnout and how Ricardo overcomes it

11:45 Carving your own niche in the mid-term rental market

18:40 Ricardo’s process of converting his duplex into an 8 unit room rental

20:05 Furnished Finder Tip: How to see a traveler’s favorite properties

27:20 Quick hitter tips for room rental operations

35:10 Should you screen all your tenants including travel nurses?

38:20 Are the Furnished Finder landlord & traveler profiles helpful?

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

https://www.travelnursehousing.com/ 

https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ 

Ricardo’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=RICARDO.SANCHEZ 

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.

Elaine Quiroz is a founding member of CHPA (Corporate Housing Providers Association) & President of Corporate Housing Strategies which is the nation's leading provider of sales training and consulting in the furnished corporate housing / midterm rental space. With 30+ years of high level experience in the corporate housing industry, Elaine will talk with us today about types of corporate housing customers and how to best capture their business.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:30 Elaine’s impact on the corporate housing industry

4:00 President of Corporate Housing Strategies for over 20 years

5:15 Furnished Finder’s MTR Facebook group of 150k landlords & travelers

8:00 Elaine’s voice through teaching, training & speaking

9:15 Elaine’s efforts to get rental arbitrage implemented at the developer level

11:10 What Furnished Finder hosts should know about CHPA

15:35 Why corporate housing operators should add ALL their properties to Furnished Finder

21:05 Elaine’s personal rental on Furnished Finder

27:25 The similarities between mid-term rentals & corporate housing

30:10 The differences between mid-term rentals & corporate housing

32:00 Get started in the MTR space with rental arbitrage

33:30 Building a corporate housing business that could sell for $1+ million

39:50 Preparing for the highs and lows, being proactive not reactive

43:00 Furnished Finder Tenant Leads is your opportunity to be proactive!

44:30 Presenting your brand well through your Furnished Finder profile & messages

54:00 Katie Lyon’s advice on how to keep your listing fresh

55:30 Types of corporate housing customers & how to best capture their business

1:01:25 Traveler types renting Studios - 2 bedrooms & larger homes on Furnished Finder

1:03:10 Preparing your space for construction workers

1:07:30 Be on the same page with your tenant and adjust your product as needed

1:08:10 Use KeyCheck for your tenant screenings, paid by the tenant

1:11:15 The right questions to ask corporate housing providers & clients

1:12:40 Be ready to connect with a one page property profile

1:14:45 What is the average lead time for corporate housing?

1:16:55 Should you drop your price as you approach a vacancy? 

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ 

Elaine’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Elaine.Quiroz 

https://www.linkedin.com/in/elainequiroz/  

[email protected] 

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.

Today we explore the world of CO-HOSTING with Premier Host Management. Jaina Pallasigui & business partner Paul De Mesa, live in Orange County, CA and originally tried Airbnb arbitrage in their "backyard" but were not successful. This led to a new strategy managing mid-term rentals remotely in Houston, TX, Benton Harbor, MI, Montgomery, AL and San Diego, CA.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

3:20 What is co-hosting & how does it work

4:45 Jaina’s co-hosting portfolio

6:40 Creating property themes for your MTRs

10:00 Jaina & Paul’s story becoming real estate partners

10:30 Securing your first co-host listing

16:45 The finance side of co-hosting & how it works

19:35 What services should you provide when co-hosting

21:45 Top 3 long distance management tips

23:25 When do you get paid in the co-hosting process?

25:25 Revenue analysis of Jaina's long term rentals vs. co-host listings

27:15 How to find and secure co-host listings

28:25 How Chat GPT saved Jaina $13,000!

35:45 3 smart features available for co-host professionals

40:00 Why a cop showed up at one of Jaina’s listings!

42:25 Do people get freaked out when there’s a ring camera in the backyard?

43:40 Noise awareness products can detect smoking as well?!

46:30 Have you tried the Furnished Finder House Rules feature?

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

Jaina’s Co-host listings on Furnished Finder:

Houston, TX: The Launch Pad

Benton Harbor, MI: The Oasis 

https://premierhostmgmt.com/ 

IG: @Jaina_Anne

Minut Noise Aware Product:

https://www.minut.com/ 

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.

Julie Stoakley runs a full-service brokerage in Austin, Texas, and is founder of Homebase ATX. Julie saw an increasing demand for a new level of Corporate Housing and Relocation Services in the growing city of Austin. Homebase ATX has become one of the most sought-after teams of home relocation service providers and corporate leasing specialists in Austin. Julie has almost a decade of experience in the mid-term rental space with over 50 mid-term rentals. 

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

4:15 Julie’s fascination with real estate started in 2007

7:15 The Homebase ATX story scaling to 50+ mid-term rentals

13:15 The difference in corporate housing & short term rentals

21:15 Why You Should Add All Your Properties To Furnished Finder

27:00 What types of hosts FAIL on Furnished Finder

30:10 Are 90 day minimums on Furnished Finder successful?

32:15 Are 55% extensions normal for mid-term rental guests?

37:35 The Pros of an MTR property manager vs. STR manager

46:15 Great ways to find MTR deals in our current market

49:00 Investor friendly agents are SO VALUABLE in the MTR space

53:15 The ethical side of real estate is very important to Julie

55:30 Julie’s Impressive Mid-Term Rental Case Studies

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

https://www.furnishedfinder.com/Resources/PMResources 

Julie’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Sage%20Stoakley 

https://www.homebaseatx.com/ 

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.

Today we have two very influential guests in the mid-term rental space. Jesse Vasquez, creator of the Mid-Term Rental Summit and founder of AirVenture Hosting Co; and Jeff Hurst, CEO of Furnished Finder, the leading marketplace for mid-term rentals with over 200k furnished properties nationwide. 

https://midtermrentalsummit.com/ 

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

0:45 Meet Jeff Hurst & Jesse Vasquez

3:30 Why are real estate investors shifting to the MTR strategy?

7:25 What led Jesse Vasquez to create the Mid-Term Rental Summit?

8:40 MTR operators band together

9:30 What’s on the horizon for Furnished Finder & Keycheck in 2024

12:15 All-star line up of MTR speakers

14:20 MTR Summit only content from Furnished Finder

16:10 Ticket details for the Mid-Term Rental Summit

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.

While Disney World is popular for vacation rentals, the greater Orlando area is popular for mid-term rentals as well with over 1 million map and property listing page views within the last year and over 2,400 listings on Furnished Finder within 30 miles of Orlando. We will take a glimpse into this market today talking with Chanell Solomon, a successful rent by the room host for over 5 years now among 840+ room rentals in the Orlando area. 

In this episode we cover:

(Points organized in episode order)

0:00 Intro- Welcome to The Landlord Diaries Podcast

2:15 The competitive mid-term rental market in Orlando, FL

4:00 Renting rooms in your primary residence & Chanell’s layout

7:00 Is the room rental market sustainable on Furnished Finder?

9:00 A way to approach room rentals that makes everyone comfortable

13:00 Chanell’s mind set on building trust w/ your room rental guests

17:00 Host guideline for cleaning, laundry, kitchen & parking rules

21:45 How to be proactive on Furnished Finder in a competitive market

25:55 How to help your listing STAND OUT on Furnished Finder

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

Chanell’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=C.Solomon

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.