Your real estate cash flow is suffering. Rent growth is slowing, mortgage rates are rising, and property prices are staying put. So where can you find more room to profit with your rental property? The answer is medium-term rentals! Until a couple of years ago, medium-term rentals, also called corporate rentals or traveling nurse rentals, were the sleepy investing strategy that only experienced investors like Jesse Vasquez knew about. But now, they’ve become (arguably) the best rental property on the planet.
With medium-term rentals, you can often make four (or more) times the rent than a regular rental. You’ll also have minimal turnover, more professional tenants, and be able to book out your place at a high monthly rate for four, five, or six months at a time. They’re easier to manage than short-term rentals but have substantially more cash flow than long-term rentals. So, how do you get in on this high-cash flow craze?
We brought Jesse back to the show for a step-by-step tutorial on starting, running, and profiting with a medium-term rental. He gives in-depth answers on how much it costs to start, the best locations to buy (or rent), how to get the biggest rental contracts from top corporations, amenities guests will expect, and what to charge. If you want to take your rental property from break-even to making bank, this is the strategy for you!
David:
This is the BiggerPockets Podcast Show, 780.
Jesse:
I talked last time that you want to have five or more properties. In this space you can have one property and start off. And the beautiful thing about the midterm rental space is that we’re charging 10k a month for that property when my mortgage is 2k. This is the prime time to get in this space.
David:
What’s up everyone? This is David Green, your host of the BiggerPockets Real Estate Podcast. If you didn’t know, it’s the biggest, the best and the baddest real estate podcast in the world and we are closing in on 800 episodes. And on today’s episode…