Ruben Galindo more than doubled his rent by converting all four of his long-term rentals to midterm rentals. His very first conversion went from $1,725 a month to $3,995, and he spent under $6,000 to furnish the property. In this episode of Landlord Diaries, Ruben walks us through exactly how he made the switch, what it cost, and how he now guides his real estate clients through the same decision.

Ruben is a San Antonio investor who has spent 33 years in law enforcement and around a decade owning rental properties and working as a licensed real estate agent. He proves you don't have to quit your day job to build a profitable midterm rental portfolio.

If you own long-term rentals and feel like you're leaving money on the table, this episode is for you. Ruben breaks down the furnishing myths that scare landlords away, why insurance and relocation tenants are integral parts of the midterm market, and how he focuses on midterm but fills the gaps with short term to keep his calendar optimized between stays.

We also cover:

• The Furnished Finder Market Insights tool for pricing your rental
• Why construction workers and displaced insurance tenants are ideal midterm guests
• Aim for $7 to $10 per square foot when furnishing a midterm rental
• How to self-manage a midterm rental with a full-time W-2 job
• Why every long-term landlord should reconsider this strategy before placing another long term tenant

Whether you're a long-term landlord chasing more cash flow, a short-term host tired of the hospitality grind, a retiree exploring a side income, or a real estate investor pursuing financial independence, Ruben's story shows that converting to midterm is less expensive and less risky than most landlords assume.

List Your Property on Furnished Finder:
https://www.furnishedfinder.com/list-your-property
Use code LLD10 for $10 off new listings

Ruben's Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?id=210b24f-4b7a-a03-ab0-e7c41c

What you need in a midterm rental:
https://assets.ctfassets.net/8rvbu1uw8lem/4pKVOxeFmg0umMHL2vclew/0cfaabe735029d6f5181bb20cdf26aa6/Monthly_Rental_Essentials_Checklist_-Minoan-Furnished_Finder-.pdf

Chapters

0:00 Welcome to Landlord Diaries

0:40 Ruben doubled his profit with midterm rentals

1:50 Real example: $1,725 to $3,995 with MTR

3:20 What makes Ruben choose to convert a property

4:50 Relocation and insurance stays in vacation areas

5:30 Market Insights: let the MTR data speak

6:30 Ruben's 3rd and 4th long term to MTR conversion

8:10 Why construction crews make great MTR tenants

9:40 Biggest difference between midterm and short term tenants

11:20 Aim for $7 to $10 per sqft when furnishing

12:20 What matters in an MTR vs a short term rental

16:30 MTR hacks: flex rooms, room rentals, king beds

19:00 How long it takes to secure a midterm tenant

22:20 Hybrid STR/MTR strategy: pick your priority

25:35 Self-managing an MTR with a full time job

27:30 Find a real estate agent who is investor savvy

28:55 Tips to convert your LTR to MTR in the next 60 days

32:15 Rapid Fire: independence, splurges, and MTR myths

Topics covered: midterm rentals, long term to midterm conversion, Furnished Finder, real estate investing, insurance housing, relocation tenants, hybrid rental strategy, financial independence, side hustle for landlords

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.