The Landlord Diaries

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.

FF69 5+ Modifications To Make Your Property Accessible & Maximize Cash Flow w/ Cindy Caldwell

The Landlord Diaries

11/23/23 • 51 min

Today we talk with Cindy Caldwell, an out of state investor who lives in Philadelphia and has a short term, mid term rental in North Myrtle Beach, South Carolina. Cindy has 30 years of experience in health care as an occupational therapist with a specialty in home modifications. We will focus today’s episode on three parts: the STR/MTR condo in SC, Cindy’s experience with KeyCheck and analyzing your home for guests with accessibility needs.

In this episode we cover:

(Points organized in episode order)

Why Cindy chose an STR/MTR in North Myrtle Beach, SC
Why STR hosts naturally venture into the MTR space
STR & MTR seasons and profit analysis
Cindy explains how simple it is to use the 3 KeyCheck features
Preparing your home for travelers with accessibility and disability needs!
Only .002% of Furnished Rentals Are Prepared For Disabled Travelers, Are You?
What types of disability needs are out there?
How to capture the right pictures for accessibility needs
Easy, budget friendly home modifications for accessibility
What size door way do you need to be wheelchair accessible...
How to fill out the accessibility section on Furnished Finder
Does your city offer rebates for making your showers or toilets more water efficient?

Website Links:

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

https://www.furnishedapartments.com/

Cindy’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Cynthia.Caldwell53

Becoming rentABLE:

https://www.becomingrentable.com/

ZINUS 12 Inch Green Tea Memory Foam Mattress

https://a.co/d/dyU4FIq

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

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.

FF66 $1.1 Million In Gross Revenue Per Year w/ Jesse Vasquez, Mid-Term Rental Coach

The Landlord Diaries

11/06/23 • 56 min

*** EARLY BIRD TICKETS ARE LIVE FOR THE MID-TERM RENTAL SUMMIT 2024***
Today we welcome back mid-term rental legend, Jesse Vasquez. Most of you probably watch his mid-term rental content on YouTube, but if not you should definitely start following his social media channels. Jesse is the founder of AirVenture Hosting Co, and is on fire in the mid-term rental and real estate coaching world. Get this - with a portfolio of just 14 properties, Jesse brings in $1.1 million per year in gross revenue! Today Jesse will give us a few easy steps on how to be a successful business owner in the midterm rental world and confident in your approach!

NEVER SEEN BEFORE Cold Call Example w/ Jesse Vasquez (20 Min In!)

In this episode we cover:

(Points organized in episode order)

Next Mid-Term Rental Summit Coming Soon!

How Jesse’s business has changed since the Mid-Term Rental Summit

Utilizing the Furnished Finder tools to build your MTR client relationships

LIVE EXAMPLE of how to cold call TENANT LEADS w/ Jesse Vasquez

Be that 1% of MTR investors by doing this...

Apply these 3-5 things to make your property stand out

What can an MTR landlord do to make their company stand out

Build a simple landing page with a few key aspects Jesse highlights for us

Low hanging fruit marketing tips for your MTR business

Jesse has 5 touch points to secure guest loyalty and return stays

Is your mindset limiting your potential?

2024 MID-TERM RENTAL SUMMIT TICKETS ARE LIVE:
https://jesse-vasquez-9a06.mykajabi.com/offers/M2VzudvU/checkout
Jesse’s Listings on Furnished Finder:

Website Links:

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

https://www.furnishedapartments.com/https://www.airventurehosting.com/

www.Midtermrentalsummit.com

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

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.

FF61 6 Metrics To Evaluate Any Mid-Term Rental w/ Bigger Pockets Author, Sarah Weaver

The Landlord Diaries

10/16/23 • 38 min

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:

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/Resources/PMResources

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.

FF52 From House Hacking to Landscape Lighting: Create A Safe Ambience For Your MTR Guests w/ Jillyan

The Landlord Diaries

08/21/23 • 49 min

Light up your real estate knowledge as we sit down with Jillyan MacMorris in our latest episode, an inspiring host in the mid-term rental real estate investment game who’s adding a bright twist to property management through her company, Nightlight Inc. Jillyan walks us through her exciting and innovative journey of house hacking, arbitrage condos, and navigating the midterm rental space. Her enlightening insights will help you see your real estate portfolio in a whole new light!
Jillyan dishes out her secret sauce for maintaining a comfortable environment for tenants, from the clever use of code locks to transforming dining rooms into cozy living areas. Eager to know more about her house rules and couch surfing experiences? Tune in to discover how this property guru manages to create order amid the chaos.
Lastly, we delve into the world of landscape lighting with Jillyan, who shines a light on its crucial role in home security. If you're looking to illuminate both the safety and aesthetic appeal of your property, Jillyan's got some bright ideas for you! We explore different variations of outdoor lighting, how to install bistro lighting for the desired effect, and the pitfalls to avoid. Trust us, you don't want to miss this illuminating episode packed with incredible advice, enlightening conversations, and bright ideas.
Part 1 Jillyan’s house hack & past arbitrage condos
Part 2 Improving Lighting at night for your real estate portfolio
Part 3 How Jillyan has implemented Night Light at her home.

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

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.

FF45 Seriously?! 1,000 Furnished Rentals This Year w/ Patriot Family Homes

The Landlord Diaries

07/03/23 • 36 min

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/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.

FF95 Can Luxury 4 Bedroom Homes Produce 4x The Cash Flow w/ Rachel Gainsbrugh (Part 1)

The Landlord Diaries

05/20/24 • 44 min

(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/Resources/PMResources

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.

FF93 Mid-Term Rentals Lead To FasterFreedom w/ Sam Primm

The Landlord Diaries

05/06/24 • 50 min

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/Resources/PMResources

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.

FF101 Unlock Your Potential In The MTR Space Through Insurance Stays w/ Vetted Homes

The Landlord Diaries

06/24/24 • 62 min

Jason & Kellie Davenport will challenge us today to unlock our potential in the mid-term rental space through insurance stays. Their 4 homes on Furnished Finder average $4,000 -$7,000 each in monthly cash flow. Jason & Kellie receive insurance requests from all over the country and have established Vetted Homes to further educate MTR hosts on the topic of insurance stays.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:30 Portfolio of insurance homes

3:10 Educating the masses on insurance MTRs

3:35 The first insurance stay

5:40 Why host Katie Lyon embraces arbitrage

6:35 Why many STR operators are adding or moving to MTR

7:00 How to help displaced families get back on their feet

10:10 Types of homes needed for insurance stays

11:40 How to combine Furnished Finder w/ your insurance stays

13:35 What motivates MTR hosts?

14:10 Types of insurance requests coming through Furnished Finder

15:55 What is the average length of insurance stays?

17:20 2-3x your rental rates w/ MTR insurance stays

20:45 Vetted Homes provides new sheets & towels for each stay

24:35 Business strategy for the insurance housing niche

26:45 Lead times for mid-term rentals are shockingly short

29:10 5 tips for connecting w/ insurance specialists or families

29:45 Identifying the right property for insurance clients

31:50 What areas are good for insurance stays

34:55 Negotiating the deal with insurance relocation agents

38:55 Welcome your guests w/ the Furnished Finder House Rules

39:55 Kelly & Jason’s welcome guide

43:00 Connecting w/ relocations specialists through Furnished Finder

44:30 Best practices for Furnished Finder search rankings

44:55 Tax benefits, LLC & cost segregation advice

48:00 Safety tips, protect your real estate properties

55:00 Mid-term rentals can be freedom for your family

1:01:05 Connect w/ Jason & Kellie

Website Links:

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