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
-
Mid-term rentals should be located close to hospitals, highways, and major employers.
-
“Quality creates loyalty.”
-
“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
Hey, you!
If you’re a fan of my show, I want to say THANK YOU. Seriously, from the bottom of my heart – I couldn’t do this without you.
There’s one thing that would make me even more thankful – having your support through ratings and reviews on your preferred podcast player.
This helps me reach more people (just like you) who are eager to achieve their STR goals and dreams.
It’s super easy – just click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode!
Also, if you haven’t done so already, please follow the podcast.
I’ll be adding a bunch of bonus episodes to the feed and, if you’re not following, there’s a good chance you’ll miss out!
Thanks again, sister – and cheers to your STR success!
