FF96 Can Luxury 4 Bedroom Homes Produce 4x The Cash Flow w/ Rachel Gainsbrugh (Part 2)

The Landlord Diaries

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6M ago 54:38

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(Part 2) Dr. Rachel Gainsbrugh is known as the Luxury Short Term Rental Doctor and her luxury brand is Short Term Gems. Rachel was a speaker at the 2023 Mid-Term Rental Summit and is an expert in the luxury short term, mid term rental space. Rachel has a heart for training busy professionals in how to overcome burnout and change their trajectory with what she calls the “2 Door Strategy” - 1 luxury short term rental + 1 high value mid term rental to maximize your ROI (Return on Investment) & ROE (Return on Energy).

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:55 Rather than worrying about vacancies, what’s my biggest ROI?

8:05 Screening tenants & MTR turnovers

14:15 Mid-term rental check out communication & process

18:15 Mid-term hybrid rental setup, bookings & calendars

28:50 Rachel’s advice on the value of Furnished Finder for larger properties

32:30 Is your property set up properly to WOW your mid-term rental guests?

39:50 Are you ready when an insurance rep reaches out?

44:20 Are you hesitant to follow up with potential tenants?

45:10 Hospitality is such an important part of the mid-term rental business

49:30 A “mathletes” advice for analyzing mid-term rental stats

Website Links:

https://www.furnishedfinder.com/

https://www.keycheck.com/

https://www.furnishedfinder.com/stats

https://www.furnishedfinder.com/Resources/PMResources

https://www.travelnursehousing.com/

https://www.facebook.com/groups/furnishedfinder.travelnursehousing/

https://www.shorttermgems.com/

Rachel’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Jesse.Gainsbrugh

Rachel’s training on finding those “Diamond in the rough” STR/MTRs:

https://youtu.be/ynCD7DjzMW4?si=nFz5SshRDrSNvLbE

https://www.shorttermgems.com/75gems

Text the hosts with questions or comments. Include your property ID # or email address.

The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

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