Learn the medium-term rental strategy—all the benefits of investing in Airbnbs without the hassle of turnover or the risk of changing city regulations!
30-Day Stay is a thorough guide to finding and operating a medium-term rental (MTR). The concept is simple and profitable: Instead of fighting short-term rental regulations or sacrificing cash flow to long-term rentals, the host requires a month-long minimum stay in a furnished property and reaps massive profits.
With nearly thirty properties and decades of real estate investing experience between them, authors Zeona Mc Intyre and Sarah Weaver introduce a powerful yet flexible real estate asset class with entertaining case studies woven in to keep you engaged the whole way through. Discover exactly why this strategy trumps short-term and long-term rentals and learn how to find the right properties in the right markets, supply the right furniture, and source the right tenants.
With the medium-term rental strategy, you will:
- Stop worrying about short-term rental regulations
- Handle less communication and coordination with renters
- Reduce expenses on supplies, cleaning fees, and more
- Simplify your bookkeeping and say goodbye to lodging tax
- Gain the ability to set your rates due to less competition
- Deal with less vacancy than long-term rentals and source higher profits with the right guests
- Use the property yourself or as a guest apartment when needed
- Find popularity in unusual locations (near a port, warehouse, etc.), allowing for cheaper property purchases
- Self-manage your properties from anywhere in the world with less hassle than short-term rentals
Tabella dei contenuti
Preface
Introduction
How to Use This Book
PART 1: Understanding the MTR Strategy
Chapter One: What is a Medium-Term Rental?
Chapter Two: Why MTRs?
Chapter Three: Who is This Strategy For?
PART 2: Acquisition
Chapter Four: Financing the Deal
Chapter Five: Market Criteria: Is Your Location Right for MTRs?
Chapter Six: Deal Criteria
Chapter Seven: MTR Properties and Strategies
Chapter Eight: How to Analyze an MTR deal
PART 3: Your Team and Why They Matter
Chapter Nine: The Key Players
Chapter Ten: The Cleaner: Your Most Valuable Asset
PART 4: Listing Strategy
Chapter Eleven: Furnishing
Chapter Twelve: How to Price Your MTR
Chapter Thirteen: How and Where to Advertise Your MTR
PART 5: Responsible Landlording
Chapter Fourteen: Screening Your Tenants
Chapter Fifteen: Leases
Chapter Sixteen: Management
Chapter Seventeen: Move in and Move out
Conclusion
Circa l’autore
Sarah Weaver is a coach, speaker, real estate investor, entrepreneur, and business owner. Nothing thrills Sarah more than helping real estate agents and investors design the life of their dreams, whether that is making more money or working fewer hours (or both!). As an investor herself, Sarah now owns 19 units with a wide variety of strategies, including medium-term rentals, short-term rentals, and traditional rental properties—all of which she self-manages from afar. When Sarah isn’t analyzing deals, you can find her looking up her next flight since she is a digital nomad who works 100% remotely from anywhere in the world. She has traveled to 44 countries and has been fully nomadic since January 2019.
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