How to Double Your Real Estate Cash Flow with Medium-Term Rentals

Medium-term rentals are not new to real estate investing, but most investors have hardly heard of them. For years, corporate travelers would rent a room, apartment, or small property for a year or less. These travelers would pay a premium to avoid long-term leases and stay close to their work. But, with the rise of traveling nurses and digital nomads, the medium-term rental strategy is in a revival when investors need it most.
Joining us on today’s show are investors, coaches, and authors, Sarah Weaver and Zeona McIntyre. Their new book, "30-Day Stay," is a masterclass in the wonderful world of medium-term rentals, walking new investors through everything they need to double their cash flow almost overnight. This strategy sounds too good to be true, but even a short-term rental king like Tony Robinson says that he’s intrigued. So is there a catch to this no vacancy, high cash flow, and often headache-free type of housing?
In this episode, you’ll learn the pros (and very limited cons) of investing in medium-term rentals. You’ll also hear which markets this strategy works best in, what type of software you’ll need to run one, and how medium-term rentals are starting to rival vacation rentals! If you’re looking for an investment with a high ROI, that doesn't need to be minutes from a beach, this strategy is for you!
00:00 Intro
04:42 Medium-Term Rentals Explained
06:55 30-Day Stay
09:26 Analyzing a Medium-Term Rental
12:45 Tenant Screening Tips
18:36 Leases and Rental Agreements
20:34 Which Markets Work Best for MTR?
25:43 Double Your Rent Overnight!
29:48 Tenant Turnover
32:51 How to Get Started
36:23 Sarah and Zeona's Software Picks
38:20 Grab the New Book!
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Grab “30-Day Stay” and Use Code “ZEONA” or “SARAH” for a Discount:
store.biggerpockets.com/produ...
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Find an Investor-Friendly Agent in Your Area:
www.biggerpockets.com/agent/m...
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Hear Sarah and Zeona on the “BiggerPockets Real Estate Podcast”:
Sarah: www.biggerpockets.com/blog/bi...
Zeona: www.biggerpockets.com/blog/bi...
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Software Mentioned in Today’s Show:
Avail: info.avail.co/info/bigger-poc...
Furnished Finder: www.furnishedfinder.com/
Hospitable: hospitable.com/
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Follow Sarah and Zeona on Instagram:
Sarah: @sarahdweaver or / sarahdweaver
Zeona: @zeonamcintyre or / zeonamcintyre
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Connect with Ashley, Sarah, Tony, and Zeona on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Sarah: www.biggerpockets.com/users/s...
Tony: www.biggerpockets.com/users/t...
Zeona: www.biggerpockets.com/users/z...
Episode 232
Show notes at: www.biggerpockets.com/blog/ro...
#biggerpockets #biggerpocketsmoneypodcast #money232

[@sheilakilby5162]

Real Estate Rookie is my favorite podcast! I am a seasoned investor but I always learn something. Keep up the good work.

[@Taylor-Hanson]

What a great podcast you wake up to!

[@ZeonaMTR]

Thanks Taylor! What did you like about it?

[@jeanmanga9585]

Thank you so much! This very helpful.

[@cleattle]

I have a quad in Seattle … been thinking about this for a while.

[@bobbyhardin4668]

Awesome podcast one day I’ll be on here

[@ZeonaMTR]

Heck ya! You can do it!

[@nxn718]

Hi ladies ! Awesome wisdom!
How do you get your engineers/construction worker clients ?

[@latticehudson]

Bring Jesse Vasquez on to talk about this!
He has a great UA-cam channel talking all about MTR 🖤
He’s the goat for MTR 🔥🔥🔥

[@SarahWeaversarahdweaver]

I couldn't agree more, Lattice! Jesse is a wealth of knowledge.

[@ZeonaMTR]

We have him collaborating with us on a bonus chapter for our book. It's going to be great!

[@JLW667]

10:39 Use VA Virtual Assistant
11:39 Furnished Finder
13:43
20:15 Owned Specified
20:27

[@kiddcosmos]

How do you book these together in same unit? What about own home?

[@accrualworld318]

I just might reach out to these gals because I would love to hear the tax implications for this. The STR loophole applies to rentals 7 days or less so I assume they are meeting REPS status in order to take advantage of tax benefits.

[@ZeonaMTR]

Hey! I am not a CPA, but I can definitely connect you to one. I am a realtor so it is easier for me to achieve the Real Estate Professional status but I know many people who are just investors self-managing that reach it as well. It is my understanding that you can still use cost segregation on these like one would on a short-term rental. Still an active business.

[@kiddcosmos]

How do u calculated additional persons, pets?

[@tammyginsburg31]

How do ones MTR work with loans?

[@BatistaInvests]

With such a back to back - how do you avoid issues with tenants damaging properties? I tend to find longer term tenants cause damage that take a week, to 2 weeks to resolve.

[@SarahWeaversarahdweaver]

Hi Michael, great question! I find that the MTR tenants treat the properties really well compared to my LTR tenants. Plus, they do not stay in the unit long enough to cause issues. If there are any issues, I send my handyman over there during the turnover.

[@ZeonaMTR]

I find that damage comes from moving furniture -- wall scuffs and holes (which is not an issue with MTRs) and I have tenant-proof flooring, LVP and no carpet. Like Sarah said, I have my handyman come in after the cleaner if shes finds something needing repair.