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Mid Term Rentals: Everything You Must Know to Succeed

Mid Term Rentals: Everything You Must Know to Succeed

Episode 330 Published 3 years, 6 months ago
Description
In the age of digital nomads, people are finding the freedom to travel while working. The demand for Mid-Term rentals has skyrocketed in the last few years and that is why in this episode of The Real InvestHER Show, Liz and Andresa are joined by special guest, Zeona McIntyre. Zeona went from being $50,000 in debt to financially free in just two years by using Airbnb to invest in real estate. She became an Airbnb host in 2012 and has since managed short-term rentals across the globe, before transitioning to selling real estate to investors looking to house hack or live for free. Zeona is an avid real estate investor who owns a double-digit short- and medium-term rental portfolio. She also hosts a podcast called Invest2FI, where she teaches listeners how to achieve financial freedom through real estate.   In this episode, Zeona will discuss why midterm rentals are an important part of the real estate market and why currently travel nurses are the ideal customer for this high-demand market. Zeona also outlines how to find and rent to nurses, and offers advice on how to maximize profits from rental properties and tips about how to best utilize a mid-term property, such as insurance requirements and contract lengths.   Ladies, this episode is full of actionable advice that you can take right now to improve your leasing success. Be sure to tune right in!   Quotes ·        “You're not inconveniencing people. You're actually doing a disservice because we want help you, we want to pour into you”. (04:01 - 04:06) ·        “The problem with short-term rentals is that often people buy them in vacation rental markets where it's really just that people go there to vacation.” (08:59 - 09:07) ·        “The key to successful mid-term rentals is to focus on areas with population and job growth”. (12:51 - 13:06) ·        “Investing in rental properties in smaller, less crowded cities can provide a steady stream of income without the high expenses of larger urban centers”. (14:45 - 15:07) ·        “You can make two times the market rate. You can make three times the market rate if you're going after the contracts, but it takes more leg work”. (21:24 - 21:31) ·        “What I would say to somebody starting out now is really get clear about the market you want to be in, and then stick with that because you want to go deep.” (29:14 - 29:22)       Connect with Zeona: Website: https://www.zeonamcintyre.com/ LinkedIn: https://www.linkedin.com/in/zeona-mcintyre Facebook: https://www.facebook.com/ZeonaMcIntyreRealEstate/ Instagram: https://www.instagram.com/zeonamcintyre/?hl=en YouTube: https://www.youtube.com/channel/UChQViQdjrSdFaoZnchKHEMw TikTok: https://www.tiktok.com/@zeonamcintyre   Resources Mentioned: Jesse Vasquez’ YouTube Channel 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental by Zeona McIntyre and Sarah Weaver Afford Everything Podcast and Blog by Paula Pant Invest2FI Podcast by Zeona McIntyre and Craig Curelop   Previous Episodes with Paula Pant in the Real Estate InvestHER Show:   ·        How 2022 inflation and a potential recession will impact real estate investing ·        Too Busy? Too Broke? How You Can Afford Anything   Previous Episode with Zeona McIntyre in the Real Estate InvestHER Show:   ·        From Minimum Wage to Financially Free in 2 years with Airbnb   __________________________________________________________   How To Join the InvestHER Movement    1) InvestHER CON 2023   HOLIDAY EDITION!* Get a ticket to IC2023 and receive access to the 2022 recordings immediately! ·        How to spot a good deal from a bad deal? - Kim Kiyosaki + HANDOUT ·        Why 10x Is Easier Than 2x - Shannon Waller + HANDOUT ·        And much MORE!    Here is what you can expect at InvestHER CON 2023: ·        Pre-event network ·        2 Full days of transformational experiences ·        Access to over 20 Sessions with Keynotes and Speakers ·        Recordings from all sessions ·        Access to investors, mentors
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