FF110 Boost Your Rental Income: STR for Events, MTR for Steady Profits w/ Leslie Hooper

The Landlord Diaries

Unlock the secrets to maximizing your rental income year-round with expert real estate investor Leslie Hooper! In this episode of The Landlord Diaries, Leslie shares her unique strategy of balancing short-term rentals (STR) during peak football season and mid-term rentals (MTR) for the rest of the year. With over a decade of experience and a thriving portfolio in Athens, Georgia, Leslie’s insights are a goldmine for both seasoned and aspiring investors.
In this episode:

0:00 Intro- Welcome to The Landlord Diaries

2:05 Why Leslie loves The Landlord Diaries podcast

3:25 Leslie’s accidental journey to mid-term rentals

4:50 STR during football season, MTR the rest of the year

5:45 Adding 4 seller financing condos to her MTR portfolio

6:20 The Furnished Finder tenant types surprised Leslie

7:40 The real estate appreciation highway

9:15 Leslie’s mid-term rentals are beautiful!

10:05 Furnishing your MTRs at different levels to attract a variety of tenants

14:15 Leslie’s example of a film crew renting her MTR

14:50 The STR/MTR balance

16:10 Planning your furnished rental calendar around local events

17:15 Mid-term rentals can be a form of community service

18:15 MTR is all about the balance, MTR is medium for everything

19:15 How Leslie uses the Furnished Finder tenant tracking tool

23:00 The proper way to keep your Furnished Finder calendar up to date

24:45 Leslie’s last 5 purchases were seller financing deals from tired landlords

26:55 A good reputation as a landlord leads to more deals or partnerships

27:45 Tenants of 5 star hosts often bring your next tenant

28:40 Leslie’s first mid-term rental was filled within 48 hours

29:15 The Furnished Finder unit feature & why you should market each unit

30:55 With a surplus of mid-term supply, many MTR landlords work together

31:55 Words of wisdom from Leslie’s real estate journey

33:50 Know your midterm rental exit strategies

34:20 Leslie learned a lot of her risk tolerance from Shark Tank’s Barbara Corcoran

36:55 Connect with Leslie through her Furnished Finder listing in the show notes

37:20 Homework: Check your calculated MTR risk on FurnishedFinder.com/stats
🚀 What You’ll Learn:

• The surprising journey from house hacking on Craigslist to dominating the mid-term rental market.
• How Leslie’s MTRs consistently attract high-quality tenants, from traveling professionals to film crews, through Furnished Finder.
• The importance of strategically planning your rental calendar around local events and how this can boost your revenue.
• Proven tips on furnishing your rentals to cater to a variety of tenant types and budgets.
• How to leverage seller financing deals from tired landlords to expand your portfolio.

🔗 Resources:

• Learn more about Furnished Finder: Website
• Explore Leslie’s Furnished Finder listings: Leslie’s Listings
• Leslie’s IG: @lareinadefire

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.