The Landlord Diaries

Keeping July 4th in mind, we talk with Kate Homme today who is the Chief Growth Officer at Patriot Family Homes, headquartered in Chattanooga, TN. Patriot Family Homes is proud to be a veteran owned company focused on meeting the need for affordable, reliable housing predominantly near military bases in the South. The company is making big waves in the mid-term, short-term and corporate housing space with a 2023 company goal to acquire 1,000 furnished listings this year through acquisition, property management and leasing.

Website Links:

https://www.furnishedfinder.com/

https://www.keycheck.com/

https://www.furnishedfinder.com/stats

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

https://www.patriotfamilyhomes.com/

Patriot Family Homes Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Amy.Wigley41

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.

(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.

How do you turn a midterm rental portfolio into a $100K/month business while serving your community during times of crisis? In this episode, we sit down with KP Akom, a U.S. Army veteran and the CEO of Streamlined Stay Solutions, to uncover his incredible journey from creative financing deals to filling 100 FEMA housing requests during Hurricane Helene.

KP shares how he leverages Furnished Finder’s Housing Request feature to secure high-value government and insurance contracts, how he tests markets with rental arbitrage before purchasing, and why midterm rentals are the ultimate niche for savvy investors. Whether you're curious about scaling with subject-to deals, managing properties across multiple markets, or thriving in the midterm rental, corporate housing space, this episode is packed with actionable insights. KP owns and operates over 40 properties on Furnished Finder, making him an expert in this space.

Time Stamps

0:00 Intro to The Landlord Diaries

1:55 Meet KP Akom: Army Veteran & Real Estate Expert

2:45 Discovering Midterm Rentals: The Surprising Start

4:10 How Furnished Finder Transformed KP’s Business

6:15 Building a Portfolio: 40 Owned & 20 Managed Rentals

7:30 Market Testing with Arbitrage Before Buying

13:05 Scaling with Creative Financing: Subject-to Success

14:40 Filling 100 FEMA Housing Requests During Hurricane Helene

18:10 Managing 200 Housing Request Leads Overnight!

19:05 The Selection Process: What Properties Stand Out?

21:55 Responding to Hundreds of Landlords Efficiently

23:55 Analyzing Market Trends with Furnished Finder Data

27:50 Partnering with Furnished Finder Hosts for Insurance Housing Success

32:50 Inside the Streamlined Stay Solutions Operations Team

36:40 Key Differences: Insurance Stays vs. Government Contracts

40:45 Who Travels for Government Contracts? A Breakdown

41:45 Myth-Busting: Furnished Finder & Property Management Systems

46:05 Exploring Furnished Finder’s Internal PMS Options

47:30 Connect with KP Akom & Streamlined Stay Solutions

List Your Property:

https://www.furnishedfinder.com/list-your-property

Midterm Rental Resources:

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

KPs Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Streamlined.Stay.Solutions

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.

Sam Primm is a legend in the real estate investing and education world with over 250 doors, $46M in assets within 7 years, 2.7M followers on social media, 1.4K students nationwide and author of the book “Own Your Freedom”. Exciting news, Sam is a host on Furnished Finder and will be starting a mid-term rental master class this year.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:20 Sam’s real estate focus & portfolio

4:20 From no cashflow to healthy cashflow through MTRs

6:15 Advice Sam would give his 2014 self

8:45 Mid-term rentals supplement a w2 very well

10:30 Real estate doubles in value every 15 years

11:50 Mid-term rentals provide the best of both worlds

12:10 How often do you hear from MTR & LTR tenants?

14:35 Set up your rental for success on the front end

15:40 Sam’s mid-term rental program includes Furnished Finder training!

18:45 Katie Lyon compares LTRs, STRs & MTRs

20:10 Mid-term tenants are the best tenants possible!

21:20 How do you decide when to mid-term a property?

23:10 Sam’s MTR performance metrics

25:50 Overview of MTR expenses

28:25 Sam’s mid-term rental tips & tricks- welcome guide

29:15 Mid-term rentals are the easiest to self manage

30:25 Q&A from 5 Landlord Diaries listeners...

31:10 Should you put your arbitrage portfolio into an LLC?

34:05 2 Landlord mistakes not to make...

34:40 When running your numbers, be conservative on your initial underwriting

35:55 Set clear attainable real estate expectations

36:45 Do you prefer single family homes or 1-2 bedroom apartments for MTR & why?

40:10 Sam’s real estate advice for new or mom & pop operators

43:20 Masterminds can be very expensive, how do you choose the right one?

46:00 Overview of Sam’s book “Own Your Freedom”

49:00 Connect with Sam Primm

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/

Sam Primm’s Listings on Furnished Finder:

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

https://www.fasterfreedom.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.

Ready to transform your Furnished Finder listing into a traveler’s dream? Join us for an in-depth tutorial on how to set up your first—or next—property listing, complete with insider advice you won’t find anywhere else. Kelly and Katie dive deep into key questions like: How do I price my mid-term rental? Should you invest in a full kitchen or stick with a kitchenette? What fees and amenities matter most to tenants?

In this episode, we cover everything from writing a killer headline to selecting must-have amenities and pricing strategies that ensure profitability. You’ll also learn why being pet-friendly gives you a competitive edge, how to stand out with your photos, and which Furnished Finder features (like real-time notifications and calendar best practices) are essential for success.

If you’re looking to attract more tenants, maximize bookings, and boost your rental income, this guide has everything you need to stay ahead of the competition.

Key Takeaways and Timestamps:
🔑 1:30 Adding your first or next listing on Furnished Finder
🔑 2:25 The power of your headline: Keywords that attract travelers
🔑 6:25 The perks of being pet-friendly
🔑 9:15 Three steps to price your mid-term rental successfully
🔑 11:40 Standard property fees for mid-term rentals
🔑 13:45 Must-have amenities: Do you need a washer/dryer and full kitchen?
🔑 18:45 How to create standout listing photos
🔑 22:10 Furnished Finder calendar tips
🔑 24:25 Managing notifications for tenant leads and housing requests
🔑 25:45 Setting clear house rules for tenant success

🎯 Pro Tip: Optimize your listing by using search-friendly amenities, such as high-speed internet, king-size beds, and in-unit laundry. Plus, learn how thoughtful touches like starter essentials can earn you 5-star reviews from day one.

List Your Property Now:

https://www.furnishedfinder.com/list-your-property

Trending Midterm Rental Resources:

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

Host Katie Lyon’s Properties:

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

Host Kelly Bailey’s Properties:

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.