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

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

ISBN-13: 9781947200821

Media Type: Paperback

Publisher: BiggerPockets Publishing

Publication Date: 12-06-2022

Pages: 288

Product Dimensions: 5.90(w) x 8.90(h) x 0.80(d)

Zeona McIntyre has been an Airbnb host since 2012. After ten years of being a short-term rental property manager and consultant, she has transitioned to selling real estate to investors who are looking to house hack or live for free. She is an avid real estate investor who owns and manages a double-digit portfolio, and she teaches listeners how to achieve financial freedom through real estate on her podcast, Invest2FI. She has been featured on BiggerPockets, Mr. Money Mustache, NPR, and has been a guest on more than fifty podcasts. Zeona has been to 47 countries—she spends half the year in Boulder, Colorado and the other half traveling the world as an international pet and house sitter. Sarah Weaver is a coach, speaker, real estate investor, entrepreneur, and business owner. Nothing thrills Sarah more than helping real estate agents and investors design the life of their dreams, whether that is making more money or working fewer hours (or both!). As an investor herself, Sarah now owns 19 units with a wide variety of strategies, including medium-term rentals, short-term rentals, and traditional rental properties—all of which she self-manages from afar. When Sarah isn't analyzing deals, you can find her looking up her next flight since she is a digital nomad who works 100% remotely from anywhere in the world. She has traveled to 44 countries and has been fully nomadic since January 2019.

Table of Contents

Foreword 8

Preface 13

Introduction 16

How to Use This Book 30

Part 1 Understanding the MTR Strategy 32

Chapter 1 What Is a Medium-Term Rental? 33

Chapter 2 Why MTRs? 42

Chapter 3 Who Is the MTR Strategy For? 51

Part 2 Acquisition 58

Chapter 4 Financing the Deal 59

Chapter 5 Market Criteria: Is Your Location Right for MTRs? 85

Chapter 6 Deal Criteria 93

Chapter 7 MTR Properties and Strategies 105

Chapter 8 How to Analyze an MTR Deal 119

Part 3 Your Team and Why They Matter 136

Chapter 9 Key Players 137

Chapter 10 Your Most Valuable Asset-The Cleaner 149

Part 4 Listing Strategy: Implementation and Management 157

Chapter 11 Furnishing 158

Chapter 12 How to Price Your MTR 178

Chapter 13 Listing Creation and Advertisement 183

Part 5 Responsible Landlording 199

Chapter 14 Screening Your Tenants 200

Chapter 15 Leases 208

Chapter 16 Management 214

Chapter 17 Move-In and Move-Out 224

Conclusion 232

Acknowledgments 234