SEPTEMBER 05 21, 2023
#44: Mastering Mid-Term Rentals: Expert Insights from Mel Volland
Join us for a candid chat with Mel Volland, a mid-term rental expert, as she spills the tea on how to succeed in this lucrative market.
Mel will share her insights on:
- Choosing the right location: Where are the hottest mid-term rental markets? What factors should you consider when selecting a property?
- Managing your expenses: What are the hidden costs of mid-term rentals? How can you minimize your overhead?
- Designing your property: How to create a space that will appeal to mid-term renters and boost your occupancy rates.
- Acquiring clients: How to market your mid-term rentals and attract high-paying tenants.
- Analyzing and leasing properties: Mel will demystify the complex process of analyzing mid-term rental properties and drafting lease agreements.
Whether you’re a seasoned real estate investor or just getting started, this episode is packed with actionable advice that will help you take your mid-term rental business to the next level.
So what are you waiting for? Tune in now and learn how to make bank with Airbnb mid-term rentals!
Highlights and Key Points:
[02:20] A short bio of our guest; Mel Volland
[03:33] What prompted Mel to shift from short-term to mid-term rentals?
[07:12] Reasons why she loves the mid-term rental strategy
[08:23] Factors to consider when choosing a location for mid-term rental
[10:32] Operating expenses for the mid-term rentals
[14:11] Start-up supplies for mid-term rentals
[17:19] The cleaning requirements
[20:09] Mid-term rental property maintenance
[21:49] Analyzing a mid-term rental property
[27:55] Tips on the best ways to get guests for your mid-term rental
[31:41] The difference between co-hosting a short-term rental and mid-term rental
[34:16] The components of a mid-term rental lease agreement
[36:50] Mel’s advice to anyone who would want to venture into mid-term rental space
Golden Nuggets
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Like short-term rentals, midterm rentals are also experiencing saturation, and design plays a significant role in making your property stand out, thereby ensuring an increase in your occupancy rate.
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Network with other investors and agents to encourage them to send you guests.
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To succeed in midterm rentals, you must shift from the mindset that this is a passive endeavor and instead focus on how you can operate your business to acquire clients.
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Action breeds action. ~Mel Volland
Resources mentioned
- Furnished Finder: https://www.furnishedfinder.com/
- Zillow: https://www.zillow.com
CONNECT WITH OUR GUEST
Follow Mel Volland on:
Instagram: https://www.instagram.com/movesbymel/
Facebook: https://www.facebook.com/groups/1406930253018392/
Linktr.ee: https://linktr.ee/Movesbymel
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Thanks again, sister – and cheers to your STR success!
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