Mastering Mid-Term Rentals: Expert Insights from Mel Volland

What this episode covers

Dive into the world of mid-term rentals with Mel Volland in this enlightening podcast episode! Mel highlights why she loves the mid-term rental investing strategy and provides insightful guidance on the key factors to consider when choosing the perfect location. Additionally, she sheds light on crucial operating expenses. We chat it up about the practical aspects of running a mid-term rental business, addressing cleaning requirements and property maintenance. Like short-term rentals, designing your property holds immense power in distinguishing it amidst growing competition, ultimately boosting occupancy rates. She highlights that success in this venture requires shifting from a passive mindset to an active approach, focusing on client acquisition. As the episode unfolds, Mel guides us through analyzing a mid-term rental property and also covers the essential components of a mid-term rental lease agreement. Don’t miss out on this must-listen episode filled with invaluable tips and insights!   Key highlights in the episode [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 [39:16] The lightning round [46:29] The upcoming mid-term rental meetup that Mel will be hosting inside the STR Sisterhood. (Check the events calendar: https://www.strsisterhood.com/) [47:52] Connect with Mel Volland: https://www.instagram.com/movesbymel/   Golden Nuggets 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.  Network with other investors and agents to encourage them to send you guests.  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.  “Action breeds action.” ~Mel Volland              Love the show? Subscribe, Rate, Review, Like, and Share! Resources Mentioned 1. Furnished Finder: https://www.furnishedfinder.com/ 2. Zillow: https://www.zillow.com/   Let’s Connect! Follow Mel Volland on; Instagram: https://www.instagram.com/movesbymel/ Facebook: https://www.facebook.com/groups/1406930253018392/ Linktr.ee: https://linktr.ee/Movesbymel Follow Stacey St. John on; Website: https://staceystjohn.com/ Facebook: https://web.facebook.com/groups/911671659592801?_rdc=1&_rdr Fire link: https://lnk.to/z4iJAlgs

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