FF93 Mid-Term Rentals Lead To FasterFreedom w/ Sam Primm
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/
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.
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.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.
Previous Episode
FF92 AnVi Shifted 9 Properties To Mid-Term Rentals in 13 Months!
Today we talk with California real estate investors, Vince Rodriguez & Andrew McCormick, founders & managing partners of AnVi Invest. These guys both have full time jobs, are hosts of the RE Social podcast and have over $10M+ Assets Under Management (AUM), 25 Doors, over 700k+ annual gross rents & over $1M+ total capital raised. Their desire for cashflow led AnVi to the mid-term rental strategy with 6 doors currently on Furnished Finder.
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
2:20 Andrew’s digital nomad trip to Mexico City
3:00 The RE Social recording studio
3:40 From musicians to real estate partners
4:30 Andrew & Vince current real estate goals
7:30 The AnVi Invest Portfolio
10:15 Why red/blue states & cash flow led AnVi to mid-term rentals
15:00 Solving the cash flow issue
20:25 AnVi’s mid-term rental portfolio
23:10 Shifting 9 properties from LTR or STR to MTR in 13 Months!
30:00 How to capture your TV best in professional photos
33:30 MTR buying & marketing practices
40:15 Pivot hard after 10x opportunities
42:45 AnVi Invest’s assets under management play book
50:10 Create a product so great that it spreads by word of mouth
53:05 What led to the RE Social podcast & meetups
Website Links:
https://www.furnishedfinder.com/
https://www.furnishedfinder.com/stats
https://www.furnishedfinder.com/Resources/PMResources
AnVi Invest Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Andrew.McCormick
IG: anviinvest
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.
Next Episode
FF94 Over 95% Of Jennie & Jessica's MTR Bookings Come From Furnished Finder
Today we embrace the value of real estate accountability partners. Jessica Williams is an accountant for Bigger Pockets, realtor & investor with 3 mid-term rentals & 2 short-term rentals. Jennie Lyday is an RN and real estate investor with 5 mid-term rentals, 7 single family homes & a 16 unit apartment complex.
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
2:00 Jennie & Jessica’s MTR/STR hybrid portfolios
4:00 These ladies embrace the RV renting business too!
5:40 The MTR/STR hybrid strategy
6:25 Accountability partners can be a game changer in real estate
8:55 Venturing into the mid-term rental space
11:45 Booking your MTR properties before they are even furnished
15:35 From self-managing short term rentals to discovering the mid-term rental strategy
15:45 Renting one bedroom on Furnished Finder covered Jessica’s entire mortgage
17:15 Over 95% of Jessica & Jennie’s MTR bookings come from Furnished Finder
29:25 Special touches at the end of a guest’s stay
20:15 1 item guests ask for that you may not have...
22:45 Utilizing KeyCheck as part of your mid-term rental process
24:45 Jessica’s best real estate deal
26:50 The power of negotiation & clear communication w/ Tenant Leads
27:40 One STR booking doesn’t have to ruin your MTR booking
29:10 Was purchasing a property next to an active train a good investment?
30:55 Managing life w/ a full-time job & MTR landlording
31:25 The value of instant messaging & dynamic pricing
32:00 Rest days are super important
33:00 Do you have a Google voice # for your rentals?!
34:25 The power of partnerships
36:15 Invest in really really good photos
36:55 Walmart+ is a great tool for mid-term rental operators
Website Links:
https://www.furnishedfinder.com/
https://www.furnishedfinder.com/stats
https://www.furnishedfinder.com/Resources/PMResources
https://www.travelnursehousing.com/
https://www.facebook.com/groups/furnishedfinder.travelnursehousing/
Jennie’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Jennielrn
Jessica’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=KeyworkProperties
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.
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