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.

In a recent Furnished Finder survey, 57% of tenants said they skip listings when the midterm rental deposit is too high. Kelly Bailey has eight midterm rentals on Furnished Finder, hosts the Landlord Diaries podcast, and leads the Listing Lab series. In this walkthrough, she reviews a real Washington DC listing and shows how to research fees and deposits against your local comps so you can find out whether your listing is priced to book or priced to sit.

Furnished Finder Pricing Worksheet
https://www.furnishedfinder.com/blog/how-to-price-your-furnished-rental-a-landlords-guide

Want your listing considered for the Listing Lab series? Drop your Furnished Finder property ID in the comments.

Want to list your furnished property or find midterm housing?

Visit https://www.furnishedfinder.com/

Subscribe for more midterm rental tips from real landlords in the field.

Watch this link for the full video experience:

https://www.youtube.com/watch?v=28-EGjwFUMA

Chapters
00:00 Why Fees Matter and accompany pricing
00:19 The 57% Deposit Survey Stat
00:38 Reviewing a Real DC Listing
01:08 Check You Midterm Pricing and Fees Together
01:32 Pulling Comps on the Furnished Finder Map
02:22 A Comp With a $2,500 Deposit
02:58 Property Booked with a Low $500 Deposit
03:26 A Higher-Priced Comp With No Deposit
03:36 Damage Protection Plan as a Deposit Alternative
04:19 Another Booked Listing With a Low Deposit
04:39 Why This Deposit Is Likely Too High
05:11 High Deposits Sit, Low Deposits Book
05:56 Your Steps to Check Your Fees

TAGS: real estate investing, midterm rental, midterm rental landlord, furnished rental tips, furnished finder, furnished finder listing lab, midterm rental deposit, how to price a midterm rental, rental fees, cleaning fee, damage protection plan, travel nurse housing, midterm rental setup, rental property tips, landlord tips, Kelly Bailey furnished finder, midterm rental landlord tips

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.

Curious what midterm rental amenities justify a higher monthly rental rate? In this video, we break down the six amenities for your furnished rental that help remote workers or relocating family pick your listing and pay higher rental rates. Three are non-negotiable. Three are premium amenities tenants will pay extra for. The No Vacancy series is brought to you by Katie Lyon, a midterm rental landlord who is also part of the Furnished Finder team.

If you want more bookings at a stronger rate, this is the checklist to run your listing against today.

Want to list your furnished property or find midterm housing?
Visit https://www.furnishedfinder.com/

Subscribe for more midterm rental tips from real landlords in the field.

Watch this link for the full video experience: https://www.youtube.com/watch?v=nPjSp-X7KKk

Chapters
00:00 Meet Katie Lyon
00:21 The Amenities That Raise Your Rate
00:38 Who Midterm Tenants Really Are
00:57 The 3 + 3 Amenity Framework
01:06 Amenity 1: Wi-Fi and a Real Workspace
01:37 Amenity 2: In-Unit Laundry
01:44 Where to Feature Laundry in Your Listing
02:03 Amenity 3: A Truly Stocked Kitchen
02:11 What Stocked Actually Means
02:31 Photograph Your Cabinets
02:43 Where the Premium Amenities Start
02:51 Amenity 4: Pet-Friendly Properties
03:01 The Value of a Fenced Yard
03:19 Easing Pet Damage Concerns
03:32 Amenity 5: A King Bed in the Primary
04:01 Amenity 6: Free On-Site Parking
04:40 Your Listing Challenge This Week


TAGS: real estate investing, midterm rental, midterm rental landlord, furnished rental tips, furnished finder, midterm rental amenities, pet friendly rental, in unit laundry, king bed rental, travel nurse housing, midterm rental setup, rental property tips, landlord tips, remote worker housing, how to charge more for a rental, midterm rental landlord tips, Katie Lyon furnished finder

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.