Dec 04 2024 49 mins 1
📌 Episode Overview:
In this value-packed episode, Dr. Rachel Gainsbrugh sits down with Katie Lyon, Marketing Director at Furnished Finder and co-host of The Landlord Diaries podcast. Katie shares her journey from commercial real estate to managing a portfolio of 13 properties across three states, all while balancing a full-time job and family life. Together, they explore the unique benefits of midterm rentals—a sweet spot between short-term and long-term strategies—offering actionable tips and strategies to maximize revenue with less effort.
Whether you’re new to investing or scaling your portfolio, this episode will inspire you to take control of your real estate investments with confidence.
🕒 Timestamps for Easy Navigation:
0:00 - Introduction: Everything is Figureoutable
0:45 - Meet Katie Lyon and Her Real Estate Journey
2:52 - Transition to Midterm Rentals
5:17 - Defining Midterm vs. Short-Term Rentals
7:02 - Taking Control of Your Investments
10:10 - Managing Properties Remotely with Tools and Apps
16:41 - Different Tenant Types and Setting Expectations
20:09 - Maximizing Revenue with Midterm Rentals
25:52 - Using and Optimizing Listings on Furnished Finder
29:05 - Rental Arbitrage Strategies
💡 What You’ll Learn in This Episode:
- What exactly are midterm rentals, and how they differ from short-term and long-term rentals.
- The pros and cons of self-managing midterm rentals remotely.
- Creative ways to maximize revenue by combining short-term and midterm strategies.
- How to leverage platforms like Furnished Finder to find quality tenants and build relationships.
- Why rental arbitrage might be the perfect way to start with minimal upfront capital.
- Katie’s top tips for listing and optimizing visibility on Furnished Finder.
🎯 Rapid Fire Q&A with Katie Lyon:
- Burnout Moment: Katie shares how she overcame burnout by automating processes and spending more time with family.
- Game-Changing Book: The Gap and The Gain by Dan Sullivan and Dr. Benjamin Hardy helped shift her mindset and celebrate progress.
- Craziest Real Estate Story: A car drove through a Hallmark store at one of her commercial properties!
📚 Resources & Links Mentioned:
- Furnished Finder: Visit Website
- Katie’s Podcast: The Landlord Diaries
- Dr. Rachel’s Free 75 Gems Resource: Download Here
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