JULY 25, 2023
#38: Exploring the Mid-Term Rental Strategy with Vivian Yip & Regan Sonnabend
In this episode, I have the pleasure of welcoming two incredible guests, Vivian Yip and Regan Sonnabend, who share some game-changing insights on the mid-term rental strategy — a powerful wealth-building opportunity you won’t want to miss!
You’ll get a glimpse into their remarkable journey and how they’ve built an incredibly successful mid-term rental business, The Hestia Brand – Corporate Rentals USA, which is bound to inspire and motivate you.
Not sure if mid-term rentals are right for you? Don’t worry! Vivian and Regan also provide their expert advice on positioning a property as a short-term rental, mid-term rental, or long-term rental, so you can make an informed decision that suits your goals and preferences.
Tune in and enjoy!
Highlights and Key Points:
[02:34] Get to know our guests; Vivian Yip & Regan Sonnabend
[05:03] How Vivian & Regan met, and the business they share
[06:03] How The Hestia Brand- Corporate Rentals USA evolved
[08:55] The housing request process
[10:12] Why the mid-term rental strategy is a good solid wealth-building strategy
[13:46] How to effectively analyze a mid-term rental
[16:51] Analyzing price and occupancy trends for the mid-term rentals using the PriceLabs market dashboard
[18:40] Saturation in the mid-term rental space
[21:16] The source of the housing requests for The Hestia Brand- Corporate Rentals USA
[23:23] What are the requirements for a property owner to join the HESTIA family?
[25:54] Challenges in the mid-term rental space and how to navigate them
[28:37] Their advice to a property owner who is unsure whether to position a property as a short-term rental, mid-term rental, or long-term rental
Golden Nuggets
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Mid-term rentals should be located close to hospitals, highways, and major employers.
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“Quality creates loyalty.”
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“The secret to doing well in mid-term rentals is having an open extended calendar.”
CONNECT WITH OUR GUEST
Follow Vivian & Regan on:
Website: https://corporaterentalsusa.com/
Instagram: https://www.instagram.com/corporaterentalsUSA/
Linktr.ee: https://linktr.ee/vivianyip
FOLLOW ME ON
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Thanks again, sister – and cheers to your STR success!
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