Exploring the Mid-Term Rental Strategy with Vivian Yip & Regan Sonnabend
In this engaging episode, I’m thrilled to welcome Vivian Yip and Regan Sonnabend, who reveal why the mid-term rental strategy is a solid wealth-building opportunity. They provide valuable insights on how to effectively analyze mid-term rentals and also discuss how to navigate the challenges that come with mid-term rentals.
Are you on the fence about rental strategies? Vivian and Regan offer their expert advice on positioning a property as a short-term rental, mid-term rental, or long-term rental.
Vivian and Regan also share their fascinating story of how they met and have built a successful business together, The Hestia Brand- Corporate Rentals USA.
Tune in and enjoy!
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Timestamps for the key highlights in the episode
[02:34] Get to know our guests; Vivian Yip & Regan Sonnabend
[05:03] How Vivian & Regan met, and the business they share
[06:03] How The Hestia Brand- Corporate Rentals USA evolved
[08:55] The housing request process
[10:12] Why the mid-term rental strategy is a good solid wealth-building strategy
[13:46] How to effectively analyze a mid-term rental
[16:51] Analyzing price and occupancy trends for the mid-term rentals using the PriceLabs market dashboard
[18:40] Saturation in the mid-term rental space
[21:16] The source of the housing requests for The Hestia Brand- Corporate Rentals USA
[23:23] What are the requirements for a property owner to join the HESTIA family?
[25:54] Challenges in the mid-term rental space and how to navigate them
[28:37] Their advice to a property owner who is unsure whether to position a property as a short-term rental, mid-term rental, or long-term rental
[30:41] The lightning round
[39:44] Connect with Vivian & Regan: https://www.instagram.com/corporaterentalsUSA/
Golden Nuggets
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