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30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental
Paperback
Investing & FinancePersonal FinanceReal Estate
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ISBN13: 9781947200821
Publisher: Biggerpockets Publishing, LLC
Published: Dec 6 2022
Pages: 288
Weight: 0.80
Height: 0.80 Width: 6.00 Depth: 8.90
Language: English
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 McIntyre 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
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