(Part 2) Dr. Rachel Gainsbrugh is known as the Luxury Short Term Rental Doctor and her luxury brand is Short Term Gems. Rachel was a speaker at the 2023 Mid-Term Rental Summit and is an expert in the luxury short term, mid term rental space. Rachel has a heart for training busy professionals in how to overcome burnout and change their trajectory with what she calls the “2 Door Strategy” - 1 luxury short term rental + 1 high value mid term rental to maximize your ROI (Return on Investment) & ROE (Return on Energy).

In this episode we cover:

0:00 Intro- Welcome to The Landlord Diaries

2:55 Rather than worrying about vacancies, what’s my biggest ROI?

8:05 Screening tenants & MTR turnovers

14:15 Mid-term rental check out communication & process

18:15 Mid-term hybrid rental setup, bookings & calendars

28:50 Rachel’s advice on the value of Furnished Finder for larger properties

32:30 Is your property set up properly to WOW your mid-term rental guests?

39:50 Are you ready when an insurance rep reaches out?

44:20 Are you hesitant to follow up with potential tenants?

45:10 Hospitality is such an important part of the mid-term rental business

49:30 A “mathletes” advice for analyzing mid-term rental stats

Website Links:

https://www.furnishedfinder.com/ 

https://www.keycheck.com/ 

https://www.furnishedfinder.com/stats 

https://www.furnishedfinder.com/Resources/PMResources 

https://www.travelnursehousing.com/ 

https://www.facebook.com/groups/furnishedfinder.travelnursehousing/ 

https://www.shorttermgems.com/ 

Rachel’s Listings on Furnished Finder:

https://www.furnishedfinder.com/members/profile?u=Jesse.Gainsbrugh 

Rachel’s training on finding those “Diamond in the rough” STR/MTRs:

https://youtu.be/ynCD7DjzMW4?si=nFz5SshRDrSNvLbE 

https://www.shorttermgems.com/75gems 

Text the hosts with questions or comments.

The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.