30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental (Paperback)
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