45: Medium-Term Rentals: High Rents, Low Risk, and Better Than Vacation Rentals? w/Sarah Weaver and Zeona McIntyre
On The Market
Shownotes Transcript
Finding cash flow isn’t easy, especially with rising interest rates), high home prices, inflation), and an economic crunch on everyday investors. Where is the best place to park your cash while riding out today's economic unfolding? Some say vacation rentals—the highly popular (and even higher cash-flowing) real estate strategy many new investors have adopted. But what about medium-term rentals? They’re a cross between regular rental properties and short-term rentals, marketed mainly to traveling professionals, travel nurses, and digital nomads. How is this under-the-radar strategy faring?
Unfortunately, we can’t ask Dave this question. But, we can ask Sarah Weaver and Zeona McIntyre, two** financially free medium-term rental experts and authors of the new book, 30-Day Stay). Zeona, a former short-term rental fanatic, changed her strategy after finding that medium-term rentals provide similar cash flow with far less work**. Sarah Weaver, investor and real estate coach, lives her nomadic lifestyle thanks to a portfolio of high-performing medium-term rentals.
The most attractive thing about this strategy is that it can** work almost anywhere**, in less expensive homes, with far less work necessary. That means you get to keep traveling, investing, or whatever you like to do best, while your rental properties quietly pump out passive income. In this episode, you’ll hear all about this extremely lucrative strategy, how today’s housing market is affecting it, and what you can do to set your medium-term rental apart from a sea of others.
In This Episode We Cover
The medium-term rental strategy explained and in which markets it works best
Medium-term rentals vs. short-term rentals) and the differences you can expect in cash flow, occupancy, and property price
How **high inflation **and limited discretionary spending will **affect the medium-term rental market **
The **hands-off management **style medium-term rentals provide investors
Furnishing your rentals)** for cheap** and how to have a headache-free setup
Rental regulations and how new laws could affect medium-term rental investors
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent)
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
Kathy's BiggerPockets Profile)
Book Mentioned in the Show
30-Day Stay) by Sarah Weaver and Zeona McIntyre (Use Code “SARAH” or “ZEONA” for a discount)
Connect with Sarah & Zeona:
Sarah's BiggerPockets Profile)
Zeona's BiggerPockets Profile)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-45
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