679: Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties w/Sarah Weaver and Zeona McIntyre

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 25 October 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks. The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today! Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay. In This Episode We Cover: The medium-term rental strategy explained and why it’s often a better bet than short-term rentals Switching from short-term rentals to medium-term rentals and why the pivot makes sense The best guests for medium-term rentals and why it isn’t always about traveling nurses Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI Property management, maintenance, and how to make sure your medium-term rental succeeds Analyzing a medium-term rental property and what extra costs to be aware of And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 229 w/Zeona BiggerPockets Podcast 300 w/Zeona BiggerPockets Podcast 563 w/Sarah Furnished Finder Stats Books Mentioned in the Show: Profit like the Pros by Ken Corsini Raising Private Capital by Matt Faircloth SKILL by David Greene 30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount) Connect with Sarah & Zeona: Sarah's Instagram Zeona's Instagram Sarah's BiggerPockets Profile Zeona's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pogas Podcast.
0:02.0	Show 6.79.
0:05.0	For people that are trying out this strategy coming from the long-term rental side,
0:11.0	one thing that we say is like, yeah, maybe you don't want to spend the money to invest
0:15.0	in furniture and ones you already own.
0:18.0	But if you're going out and buying new places now,
0:21.0	it's really hard to find long-term rentals that'll cashflow.
0:24.0	And so this is a great strategy for that because now, even with the high prices,
0:29.0	you can still get cashflow in medium term.
0:32.0	What's going on, everyone? This is David Green, your host of the Bigger Pogas Real Estate Podcast
0:36.0	here today with my co-host, Rob Abastola,
0:38.0	where we are bringing you another fantastic show today focused on medium-term rentals.
0:44.0	You may be aware of short-term rentals.
0:46.0	You're definitely aware of traditional or long-term rentals.
0:48.0	But in today's show, we talk about the new emerging market, a medium-term rentals.
0:53.0	Typically, these are properties that are rented to traveling professionals,
0:56.0	often travel nurses, but not only travel nurses.
0:59.0	And we get into some really good stuff.
1:01.0	We talk about how to find the right type of property that will work for this,
1:04.0	what location to look for, how to furnish them, how to manage them,
1:08.0	and how to maximize their efficiency, as well as how to mitigate your risk
1:11.0	when you are a short-term rental investor.
	...

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