Welcome to the Short-Term Rental Riches, in this second installment of our three-part series, we focus on the critical steps you need to take after receiving an inquiry for a longer guest stay.
In the first part of our series, we explored strategic listing placements and optimized copywriting to attract longer-term guests. Now, as inquiries start rolling in, we shift our focus to the meticulous process of running tenant background checks. The transition from guest to tenant varies across states, typically kicking in after 28 days. Now, it’s time to change how you manage things. Property owners need to handle longer stays with the same care as they do for long-term leases. Buckle up as we guide you through securing your property, from checking guest reviews to running comprehensive background checks.
In this episode, you’ll learn:
0:00 – Intro
1:34 – Strategic Background Checks
5:46 – Crafting a Comprehensive Lease
11:57 – Payment Processing Strategies
13:21 – Deposit Dilemma
14:52 – Outro
As we wrap up part two of our three-part series, you’re now equipped with the knowledge to navigate the landscape of medium-term rentals. From background checks to lease agreements and payment processing, every step is a vital piece in ensuring a seamless and secure experience for both hosts and tenants. Stay tuned for part three!
If you found this episode helpful, don’t forget to like, share, and subscribe for more expert insights. Connect with us on our website, strriches.com, and let us know your thoughts and questions. Here’s to turning your properties into thriving medium-term rentals!
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Tim Hubbard, a successful investor and CEO of a seven-figure short-term rental management shares it all in his Short Term Rental Riches Podcast. This podcast gives you the insider tips you need to know to acquiring, operating, and scaling a successful short-term rental business.
Steal my 7-figure STR business playbook today!
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