273: Making $100K in 18 Months with “Misfit” Medium-Term Rentals w/David Rosenbeck

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 29 March 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over $100,000 from medium-term rentals…in just 18 months?! It’s a pipe dream to many, but it’s reality for today’s guest. After connecting with a few colleagues about real estate investing, David Rosenbeck left his established career as a nurse practitioner to dive headfirst into the investing world—carving out a niche that married his former job with his newfound passion: medium-term rentals for traveling nurses. David and his wife bought their first rental property, and within 24 hours of going live, it had booked nine months out. The rest is history. David has since replaced his six-figure income with this flexible job that allows him to work fewer hours, stress less, and build the dream lifestyle for him and his family. If you’re afraid that short-term rental properties are difficult to manage or that long-term properties don’t generate enough monthly income, this is the episode for you. David shares all of the secrets that helped him earn over $100,000 in only 18 months from medium-term rentals. He touches on pitching Airbnb arbitrage to landlords, moving every 12 months to build your real estate portfolio faster, and finding the “misfit” properties that make the PERFECT rentals! In This Episode We Cover The advantages of medium-term over short-term and long-term rentals How to find the best areas to invest in medium-term rental properties Profiting without owning a property and using Airbnb arbitrage when renting to traveling nurses Moving every 12 months to get a lower down payment on new properties Finding the “misfit” properties that make the BEST medium-term rentals The best places to find medium-term tenants for your rental properties And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Ashley's Instagram Tony's Instagram Airbnb AirDNA BiggerPockets BiggerPockets Calculators Facebook Group Furnished Finder MLS PriceLabs Real Estate Rookie Facebook Group Real Estate Rookie Podcast Real Estate Rookie Youtube Channel The Real Estate Podcast Vrbo Will Your Area Work for Medium-Term Rentals? Zillow Connect with David: David's BiggerPockets Profile David's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-273 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 273.
0:05.0	Yeah, so I went back and I figured it up before I had my first interview with you guys
0:10.0	because I just wanted to know for myself.
0:12.0	And just from me doing, you know, multiple house hacks in a row and doing an arbitrage,
0:18.0	doing some co-hosting, this and that, I've made over $100,000 in the last 18 months
0:23.0	off of Media Interventals, which is absolutely insane.
0:26.0	My name is Ashley Care and I'm here with my co-host, Tony Robinson.
0:29.0	And welcome to the real estate rookie podcast where every week, twice a week,
0:33.0	we give you the inspiration, motivation and stories you need to hear to kick start your investing journey.
0:38.0	And Ashley, man, am I so excited for today's guest?
0:41.0	We've got David Rosenback on the podcast and we met David in person at one of our bigger
0:46.0	pockets meetups not too long ago and then I bumped into him again on another conference in January.
0:50.0	And I'm so glad we brought him on because I feel like it's not often actually that we get a guest
0:55.0	where like we're learning so much in the moment from that person as well.
0:58.0	But today was one of those episodes where I feel like you are, our gears return a little bit, right?
1:03.0	Yeah, we definitely use our position as the host to pick David's brain to our advantage
1:09.0	and to what we should or shouldn't be doing.
1:12.0	But one really cool thing about this and this always gets me excited is David tells us
1:18.0	how much money he made off of his rentals in the past 18 months.
1:24.0	So I think if anything, this should be a motivation for you guys that you can completely turn your life around in 18 months like David did.
1:33.0	Yeah, he had a pretty healthy six figure salary, which we'll get into.
1:37.0	And he left that high paying six figure job because he had so much cash low coming in from his portfolio.
	...

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