How to Make 400% More Cash Flow with Medium-Term Rentals

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! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_... ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ Grab the BiggerPockets Book on Medium-Term Rental Investing, “30-Day Stay”: https://store.biggerpockets.com/produ... ~~~~ Past Episodes Mentioned in Today’s Show: David’s First Episode: https://www.biggerpockets.com/blog/20... Jesse’s Recent Episode: https://www.biggerpockets.com/blog/re... ~~~~ Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties: https://www.biggerpockets.com/blog/re... ~~~~ Connect with Jesse: BiggerPockets: https://www.biggerpockets.com/users/j... Instagram: @therealjessevasquez or   / therealjessevasquez   YouTube:    / channel   ~~~~ Connect with Rob (Robuilt): Instagram:   / robuilt   TikTok:   / robuilto   Twitter:   / robuiltchannel   YouTube:    / robuilt   ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/d... Rob: https://www.biggerpockets.com/users/r... ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or   / davidgreene24   @biggerpockets or   / biggerpockets   Show notes at: https://www.biggerpockets.com/blog/re... 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!