Landlord Diaries - The Monthly Rentals Podcast

Let’s welcome back, Erin Spradlin, real estate professional and co-owner of Erin & James Real Estate. Erin loves educating others on the mid-term rental topic through consulting, her YouTube channel and 2 books she has authored called “American Nomads” which we discussed in episode 40 and “Erin’s Guide to Mid-Term Rentals” which is today’s topic. We will discuss the pros & cons of the mid-term rental space and how to overcome each objective. 

10 REASONS you should listen to this episode...

• Why Erin prefers mid-term over long-term or short-term
• Furnished Finder facts on larger homes as mid-term rentals
• Are travel nurses here to stay and should you focus specifically on that market?
• Excellent appreciation vs. cash flow comparison in Erin’s book
• Furnishing is a CON to many, hear advice on this subject
• Scare of vacancy? Hear tips on how to close the gap for over 90% occupancy rate
• Restrictions are almost non-existent for mid-term rentals.
• Which months are the hardest in the mid-term rental space and how can you prepare
• The ability to self-manage is a PRO of the mid-term rental strategy
• Furnished Finder gives you the tools to run your business on your own terms.
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Book 2: Erin's Guide to Midterm Rentals:

https://a.co/d/3fEzT3L

Book 3: My First Rental Property Workbook: Midterm & Corporate Rental Edition

https://a.co/d/a0dZEsq 

Book 1 (Erin’s book we discussed in Episode 40)

American Nomads Book: Finding and Renting to Remote Workers

https://a.co/d/bOQ042J

Erin’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=erin.spradlin 

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

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

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.

We are back with the founders of Women Invest In Real Estate (WIIRE), Amelia McGee (Des Moines, Iowa) and Grace Gudenkauf (Cedar Rapids, Iowa & Tucson, Arizona). These ladies specialize in travel nurse housing in the Midwest and love to educate other investors on the mid-term rental strategy. Today we will discuss one of their many great trainings, “3 Steps to Launch an MTR & Double Your Rental Income”. 

Additional things we talk about in this episode:

• Portfolio updates & net worth 
• Why Grace is now investing in Arizona
• How Kelly’s investor friendly agent secures deals in a tough market 
• How to ELEVATE your business
• Furnished Finder Tenant Lead Advice
• Great tips for hosts that offer pet friendly furnished rentals
• Grace & Amelia’s mid-term rental BUY BOX
• Tips for analyzing the data on www.FurnishedFinder.com/stats 
• Best practices for stocking your kitchen & MTR starter kit for guests
• Amelia’s take on Furnished Finder’s unit feature
• How to handle an MTR lease & canceled nurse contracts
• MTR insurance & LLC conversation
• KeyCheck.com for your mid-term rental landlords tools

Grace’s MTR Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=grace.gudenkauf

Amelia’s MTR Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=amelia.mcgee 

WIIRE Website, Retreats, Podcast, Free MTR Tools & MORE:

https://www.womeninvestinrealestate.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.

Let’s welcome back Sarah Weaver, co-author of the Bigger Pockets book “30-Day Stay”. The mid-term (medium-term) real estate strategy is Sarah’s specialty as an investor, realtor, speaker, author, design consultant, real estate consultant and once in a lifetime tour guide. Today, Sarah will talk us through one of the most common mid-term rental questions… is my market a good fit for mid-term rentals? It is our hope that YOU leave this conversation more confident that YOU have the ability to analyze any market no matter your strategy, funds available or the plan. 

Sarah goes into SUCH GREAT DETAIL on 6 Important Metrics:

Sarah’s advice for utilizing the stats on www.FurnishedFinder.com/stats. 

SARAH’S PREDICTIONS FOR THE MID-TERM RENTAL SPACE

Does Sarah Weaver have another book in the works?!!!!

Sarah’s Listings:

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

Sarah’s Website:

https://www.sarahdweaver.com/ 

- Use SARAH for 10% off her mentorship program

- Book a one on one consultation

- Arya Design Services

- Sarah’s $99 furnishing list with links for purchase

…. and more

Sarah’s Epic Real Estate Adventures

https://www.sarahdweaver.com/trips 



👉 US Census Bureau Quick Facts⁠

👉 https://datausa.io/ 

👉 https://www.city-data.com/ 

👉 https://www.neighborhoodscout.com/ 

👉 https://fred.stlouisfed.org/

👉 https://www.bestplaces.net/ 

👉 https://worldpopulationreview.com/is also great. It has lots of data including the population trend, median household income, poverty rate, and median house price 📊

Furnished Finder 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.furnishedapartments.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 are redirecting our focus to raising up the next generation of real estate investors. Can you imagine buying your first property in your teens? The Hawn Family in the Nashville, Tennessee area are doing just that. Parents Trevor and Katie Hawn involve their 12 year old daughter Sophia in many aspects of their mid-term rental portfolio. Today we experience the mindset of a young investor and her big dreams in the real estate investing world.


The Hawn Family Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Katie.Hawn 

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.

Discover the secrets to financial freedom with Dr. Chau, an immigrant who morphed into a multimillionaire through his corporate housing strategy. Buckle up as we delve into his extraordinary journey from pharmacist to 25 arbitrage properties, revealing the strategies that led to his success and his transformation into an inspirational businessman. From his unique arbitrage renting strategy to the importance of location in rental properties, Dr. Chau provides a wealth of knowledge that can help you build your own empire.

Dr. Chau's journey is not only an inspiring one, but it's also loaded with practical tips and insights that can propel anyone towards financial freedom. By unlocking the secrets to creating a successful corporate housing business, he highlights the advantages of mid-term rentals over traditional long-term ones and shares insights into the impact corporate housing has on his business strategy. But it's not all about real estate arbitrage; Dr. Chau also paints a vivid picture of his unique four-hour workweek, showcasing the freedom that comes from a well-structured business.

The episode concludes with a fascinating discussion about Dr. Chau's participation in the Tony Robbins Platinum Program, where he unveils his unique 10X concept. Designed to fast-track financial goals, this concept has proven instrumental in Dr. Chau's success. So, whether you're looking to start your own business, diversify your income stream, or simply interested in the world of real estate, this episode is a must-listen. It's not just about the hustle; it's about strategy, mindset, and achieving financial freedom.

Dr. Chau's listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Dr.Chau 

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.

How would you like to be privy to the secrets of building a multi-million dollar real estate portfolio? Today, we have the pleasure of hosting Stephanie Cabral, a savvy Connecticut investor, who has amassed an impressive portfolio worth over $3 million. Stephanie will be delving into her journey, providing us with a sneak peek into her world of real estate. She shares her experiences, from her humble beginnings to her foray into the furnished rental market. Stephanie also gives us a glimpse into how she optimizes the use of Furnished Finder to list her properties, a method that has helped her save massively on commissions and booking fees.

Moving onto the operational side of things, we also get an insider’s look into how Stephanie has streamlined her operations to maintain high standards while cutting down on tedious, repetitive tasks. Stephanie generously shares her knowledge about automation and delegation, in particular, her use of a Virtual Assistant (VA). This episode on rental management and team building is packed with valuable tips and strategies that would benefit anyone looking to optimize their operations. Stephanie shares the tools she uses to document best practices and facilitate her VA's understanding of their roles.

The episode wraps up with a conversation about incorporating LLCs into real estate portfolios. Stephanie shares her insights, offering valuable advice to both newcomers and seasoned investors alike. She also gives us a preview of her Lean Landlord guide and a complementary assessment tool to evaluate one's operations. This is not just another episode; it's an opportunity to learn, grow and dominate the real estate market. Don't miss out!


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.furnishedapartments.com/ 

Stephanie’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Stephanie.Cabral 

Stephanie’s Mid-Term Rental Tool Box…

The Lean Landlord

www.TheLeanLandlord.com

Free Flow Charts:

https://www.drawio.com/ 

Free Video Documentation Through Soapbox:

https://wistia.com/soapbox 

Virtual Staffing Company:

https://coreassist.com/ 

Automation Tool:

https://podio.com/

Google Work Space For Business:

https://workspace.google.com/business/small-business/ 

Automated Messaging & Tenant Communication Tool:

https://www.abodea.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.

Ever wondered how you can successfully venture into out-of-state mid-term rentals? Well, we've got the perfect guest for you. Meet Alexis King – a property owner, arbitrage investor, mid-term rental host, and seasoned LinkedIn regional manager – who shares her wisdom on creating a lucrative portfolio scattered across different states. Alexis delves into her strategies, the tools and teams she trusts, and the intense process that made her an ace in the furnished rental game.

Alexis believes in the power of staying organized and keeping things simple. And she’s not just all talk - she shares practical tips from her own journey, like using software and a property manager to streamline operations. She also emphasizes the importance of enhancing guest experiences by personalizing properties and reveals her secret to handling property maintenance challenges. This chat is a treasure trove of insights for anyone aspiring to venture into the monthly furnished rental space or looking to up their game.

It doesn’t stop there; Alexis also shines a light on her experiences with long-term rentals and how she leveraged arbitrage to expand her real estate network. Towards the end, she shares some pearls of wisdom for fellow landlords, reminding us of the essence of proper maintenance and organization in ensuring success. All said and done, this episode is a deep dive into the world of mid-term rental investments, filled with practical advice, experiences, and motivation. Don't miss it!

Alexis Listings on Furnished Finder:

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

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.

Meet Christian Bauman, a young entrepreneur who's crafted a unique niche in the rental market. At just 21, he began his journey in Buffalo, New York, furnishing properties and doubling rent for a monthly cash flow that’s nothing short of impressive. Tag along as we navigate his distinct strategy of targeting travel nurses in need of affordable, comfortable housing, and delve into his innovative lease agreements.

Christian’s portfolio boasts an impressive 30+ units that generates approximately $50,000/month. We'll explore his journey of managing cash flow and learn how he's refined his property portfolio, focusing mostly on studio and one bedroom apartments. He generously shares his wisdom on how to source furniture locally from Amazon, Target, and local suppliers, along with some secret tips for scoring great deals. Get ready to take notes as we delve into the world of mid-term rental arbitrage with Christian’s innovative and strategic approach.

But there's more to Christian than meets the eye , we'll hear all about his whimsical venture, goat yoga, where these adorable creatures play a starring role. Learn how he's transformed his farm into a fun-filled venue for private events, including birthday parties and yoga classes. And if that weren't intriguing enough, he's also a jujitsu trainee. So, tune in for a fun and informative conversation as we uncover the riveting twists and turns of Christian's entrepreneurial journey.

Christian’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Christian.Bauman

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.

Ever wonder what it takes to maximize your investments in the real estate market? Our guest, Joan Libigo, an experienced landlord and full-service real estate agent based in Arizona, shares her wealth of knowledge on the flourishing midterm rental market. She gives us insider tips on navigating the management side of mid term rentals and clear paths of communication with your tenants. We touch on factors driving the soaring rental prices in Arizona and the fierce competition for housing among traveling nurses, snowbirds, and spring training visitors.

Joan's expertise doesn't stop there. She offers an enlightening perspective on the advantages of hiring a property manager, especially for mid-term rentals. From researching nearby hospitals to choosing the right payment methods for property investment, Joan's tips are invaluable. She even highlights the often-overlooked benefits of paying in cash when purchasing a property versus taking out a mortgage.

Joan's journey is more than just about rentals and property management. She shares her insights on real estate investing strategies and highlights the importance of comprehensive planning, understanding potential risks, and rewards. Joan emphasizes the importance of getting a property inspected before purchase and the necessity of having a backup plan if something goes awry. Tune in to hear her invaluable insights on investing strategies that will inspire both seasoned and aspiring landlords alike. You don't want to miss out.

Joan's Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=joanlebigot

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.

Are you ready to unravel the secrets of successful property management? Join us for a passionate conversation with Vanessa Nunez, owner-operator of 3D Property Management, who started her real estate journey at the tender age of 15. Today, she gracefully manages a robust portfolio of both long-term and midterm rentals in Fresno, California. Offering her seasoned insights, she gives us a tour of her unique method of evaluating potential rental properties, taking into account aspects such as location, convenience, and even traffic patterns. 

We delve into Vanessa's philosophy of creating a comfortable space for tenants. Be it the additional amenities or dealing with nuisances such as bed bugs, she has it all covered. Vanessa shares her wisdom on the importance of clear cut communication in the rental business - from setting expectations with renters to handling repairs or sensitive topics with property owners. The transition from long-term to midterm rentals, the essence of honesty with investors, and the necessity to make quick decisions to circumvent analysis paralysis are just a few facets of the wisdom that Vanessa shares.

In the final piece of the discussion, we explore the nitty-gritties of managing rental logistics. Katie unveils her systematic method of using Excel, Vanessa shares the dry erase board is still a strong option for tracking, while Kelly reveals her modern approach with the Furnished Finder Tenant Tracking system and auto-messaging. With a wealth of actionable tips and insights from this conversation, it's a must-listen for everyone in the rental property industry. So, buckle up and get ready to elevate your rental property management game!

Vanessa’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=3D*|Property*|Management*| 

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.