Episode #780

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!

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Past Episodes Mentioned in Today’s Show:
David’s First Episode: https://www.biggerpockets.com/blog/2016-04-07-bp-podcast-169hustle-persistence-build-wealth-real-estate-david-greene?utm_source=youtube&utm_medium=description&utm_campaign=none
Jesse’s Recent Episode: https://www.biggerpockets.com/blog/real-estate-728?utm_source=youtube&utm_medium=description&utm_campaign=none
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Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties:
https://www.biggerpockets.com/blog/real-estate-679?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Jesse:
BiggerPockets: https://www.biggerpockets.com/users/jessev27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @therealjessevasquez or https://www.instagram.com/therealjessevasquez/
YouTube: https://www.youtube.com/@JesseVasquezAirVenture
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://www.biggerpockets.com/blog/real-estate-780?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

01:26 Quick Tip

01:51 The Antidote for Short-Term Rentals

07:37 How Much $$$ Do You Need to Start?

14:54 Where to Find Renters

18:36 Where to Buy

26:03 How to Get HUGE Rental Contracts

35:20 Everything Has Changed

40:27 Amenities to Include

46:09 Pricing Your Rental

52:11 Managing a Medium-Term Rental

56:58 Should You Allow Pets?

59:16 BEFORE You Buy a Medium-Term Rental

01:01:31 Connect with Jesse!