The Mid-Term Rental Process in 5 Easy Steps

04/17/24 • 19 min

The Landlord Diaries

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.

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.

Previous Episode

FF90 Turn Your Multi-Family Into A Hub For Mid-Term Rentals w/ Susan Kienitz

Susan Kienitz is a mid-term rental investor in Long Beach, California. She has 9 rentals total including an 8- plex that her family has owned for 25+ years. She has converted 6 of these units to mid-term rentals and will educate us on her process.

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

3:15 Susan has binge watched all The Landlord Diaries episodes!

3:45 The journey to mid term rentals

5:35 Mid-term rental guests

8:05 Susan’s real estate portfolio

12:15 Susan’s next move might be out of state investing

18:00 Where does Susan get her bookings from?

19:25 Are you listening to what guests want?

25:15 Why Susan puts her “house rules” in her property description

28:05 Using Message Templates & Tenant Leads to streamline your bookings

36:40 Susan’s journey converting her 8 plex units from long term rentals to mid term rentals

38:15 Why Susan is converting her queen beds to king beds even in tight spaces

40:10 How have Susan’s furnishings changed through experience

43:40 Do you have space for those extra cleaning or restock items?

46:25 How Susan found her trusted cleaning team

52:50 Tips to keep your cleaning team happy through an average of 4 cleans per year

54:15 Operating the “unit” feature on Furnished Finder

Website Links:

https://www.furnishedfinder.com/

https://www.keycheck.com/

https://www.furnishedfinder.com/stats

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

Susan’s Listings on Furnished Finder:

Furnishedfinder.com/members/profile?u=Susan.Kienitz

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

FF91 To Flip or Hold As MTR, Color Application & Accent Walls w/ Justin & Shelly Nupp

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