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Midterm Rentals: Revolutionizing Your Real Estate Strategy with Katie Lyon
- 2024/12/17
- 再生時間： 52 分
- ポッドキャスト
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サマリー
あらすじ・解説
Are you looking for a game-changing strategy to boost your real estate investments? In this episode, I sit down with Katie Lyon, a marketing expert and savvy midterm rental investor, to explore how midterm rentals can transform your investment journey. Katie shares her personal story of how she and her family unexpectedly ventured into midterm rentals and quickly scaled their portfolio to success.You'll discover why starting small is often the key to building a solid foundation and how Katie identifies the best properties while fostering valuable relationships with landlords. We’ll dive deep into the operational differences between midterm and short-term rentals, with Katie offering expert advice on managing remote properties, overcoming HOA challenges, and streamlining day-to-day operations. If you're considering midterm rentals but don't know where to begin, this episode is packed with actionable insights that will help you rethink your investment strategy. Tune in to find out how midterm rentals could be the game-changer your portfolio needs! HIGHLIGHTS AND KEY POINTS: [02:06] A short introduction about our guest Katie Lyon [03:23] Katie's journey into real estate investing and how she got started with MTRs [06:00] How Katie started and built her real estate investment portfolio [09:23] Katie’s approach to selecting and securing properties for rental arbitrage [11:01] Katie’s strategy for negotiating with landlords to approve rental arbitrage agreements [13:17] What are the key factors Katie looks for in a potential partner [16:20] Katie’s real estate portfolio and her approach to balancing property types and sizes [18:12] The importance of understanding one's personal risk tolerance in real estate investing [19:21] What is “hybrid approach” to renting and how this strategy can benefit property owners [23:25] The key operational differences between that short term and mid term strategy [26:58] Katie talks about the difference between Furnished Finder and Airbnb for midterm rental hosts [29:01] Katie discusses their process for evaluating potential tenants as midterm rental hosts [30:36] What are the challenges that Katie faces and how she navigates them as a remote property host [32:37] Katie explains how she manages accesses to rental arbitrage units [34:25] Katie’s view of townhomes within HOAs and their benefit to her rental properties [37:58] Katie talks about her insurance provider for her rental properties [39:18] Katie’s advice for beginners in midterm rentals [40:49] The lightning round Golden Nuggets: “You have to position yourself like you are giving us just as much value as you're getting.” “What I like operationally about midterms is it's just so simple.” “Learn until you're just comfortable enough and then try.” “I think so often people feel stuck because they're waiting for that perfect time, you know? And the truth of the matter is, there's never going to be a perfect time.” “Worrying is one of the most grossly underestimated wastes of time and energy, because worrying gets you nowhere.” Enjoyed the show? Subscribe, Rate, Review, Like, and Share!
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