Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there’s a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.
The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!
Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.
David:
This is the BiggerPockets Podcast Show 679.
Zeona:
For people that are trying out this strategy coming from the long-term rental side, one thing that we say is like, “Yeah, maybe you don’t want to spend the money to invest in furniture and ones you already own, but if you’re going out and buying new places now, it’s really hard to find long term rentals that’ll cash flow.” And so this is a great strategy for that because now even with the high prices, even with the high interest rates, you can still get cash flow and medium term.
David:
What’s going on everyone? This…