As real estate investors navigate the evolving landscape of rental properties, midterm rentals have emerged as a lucrative and promising niche. In the latest episode of the Landlord Diaries (opens in new tab) Podcast, hosts Kelly Bailey and Katie Lyon delve into the world of midterm rentals, uncovering the strategies and stories that make this sector a game-changer for investors. This episode sheds light on how to maximize investment potential and thrive in the midterm rental market.
Discover the appeal of midterm rentals
Midterm rentals, defined as furnished rentals lasting 30+ days, cater to a variety of traveler needs, from healthcare professionals to corporate workers on long-term contracts. With platforms like Furnished Finder simplifying the process, landlords can tap into a steady stream of reliable tenants without the hassle of booking fees or commissions. For more information on how to list your property for 30 days or more, visit Furnished Finder (opens in new tab).
Real-life success story: Lee Gierszewski
The episode features Lee Gierszewski, a successful investor in North Dakota’s midterm rental market. Lee shares his journey from traditional rentals to midterm success, highlighting how an unexpected opportunity led to a thriving business. By purchasing multifamily properties and converting them into midterm rentals, Lee doubled his rental income in markets that many might overlook. Learn more about thriving in unconventional markets by exploring Lee's North Dakota success story.
Why invest in midterm rentals?
Higher rental income: Lee's experience shows how midterm rentals can double or even triple long-term rental income. This increased revenue stems from furnishing properties and catering to niche market needs.
Diverse tenant base: Midterm rentals attract a wide range of tenants, including travel nurses, corporate workers, and relocating professionals. This diversity ensures a stable rental income across different seasons.
Strategic property locations: Investing near hospitals or industries with high demand for temporary housing can significantly boost occupancy rates. Lee’s properties in Bismarck are a testament to the value of location in the midterm rental strategy.
Tips for aspiring midterm rental investors
Start small: If you're new to the midterm rental market, try renting out part of your existing property. Use platforms like Furnished Finder to test demand before diving into larger investments.
Focus on customer service: Quick responses and excellent communication can lead to high tenant retention rates, as demonstrated by Lee's 85-90% booking rate through referrals.
Embrace creativity: Lee's playful property names (like the "Madison" and the "Mayflower") make units memorable and marketable. Consider adding unique touches to your listings.
Research markets: Platforms like Furnished Finder provide essential data (opens in new tab) to help identify potential investment areas. Understanding local demand can guide your investment decisions more effectively.
Conclusion
Midterm rentals offer real estate investors a path to enhanced cash flow and reduced vacancy in both popular and overlooked markets. By harnessing platforms like Furnished Finder, thoughtful property management, and strategic market research, investors can successfully navigate the midterm rental market. Whether you're a seasoned investor or exploring real estate for the first time, the insights from the Landlord Diaries (opens in new tab) Podcast can provide inspiration and guidance on your journey.
Episode 123 Transcript
Welcome to the Landlord Diaries, where we talk about midterm rentals and the opportunities behind them. We'll share landlord stories, talk about maximizing investment potential, and discuss how to live the very best landlord life. This podcast is proudly brought to you by Furnished Finder, the leader and largest online marketplace for midterm rentals.
Remember to like and subscribe if you enjoy our content. It's your hosts of the Landlord Diaries podcast, Kelly Bailey and Katie Lyon, you. Coming to you from the Furnished Finder Marketing Team, we are midterm rental investors ourselves. And if you're like, what is a midterm rental? It is any furnished rental that is 30 plus days, so monthly furnished rentals, and it serves a variety of traveler needs that we get into today on our episode.
Katie, we got our first North Dakota story today because we are nationwide with over 300, 000 properties available for travelers all throughout the U. S. So what do you, did you learn from Lee today, uh, Katie? Yeah, with Lee, it was great because again, it's a, it's a market that he's in, in North Dakota.
That's not the most, you know, there's not a whole lot of tours going there. There's not Broadway shows. There's not. sandy beaches or amusement parks. It's, but it's just a good area for travelers that are going there for needs, which are a lot of our travelers, right? They're going there to provide healthcare services.
They're going there for working contracts. Um, so we talk about how He has more demand than he can even serve and how successful he's been even in a market that you might not anticipate it in. Um, so this is a great one. Um, I encourage you to just kind of open your eyes to different markets as you listen to Lee and his success that he has had in North Dakota.
Lee Gierszewski is our first Landlord Diaries guest for North Dakota. Lee specializes in multifamilies and has eight midterm rentals on Furnished Finder in the Greater Bismarck area. A majority of Lee's midterm rental bookings Come from Furnished Finder or referrals from Furnished Finder guests.
Lee and his partner bought eight multifamilies in one year, which we will discuss on today's episode. Lee thanks so much for being with us today. How are you? I'm doing good. How are you? Doing great. So on our previous call, you mentioned Furnished Finder has been a game changer, uh, and you have four listings and four units on Furnished Finder.
Tell us about your midterm rental portfolio and what led you to midterm rentals. Basically what I have is I've got a four plex where three of those are enriched menthols. Then I have a tri plex where two of those are furnished menthols. And I have a six plex that has I have four furnished rentals right now, and then I also have another fourplex with another partner that has one furnished rental, basically all in Bismarck.
And you have quite a few long term rentals. So, what led to converting some of those long term rentals to mid term rentals? Or just, you know, choosing certain, uh, purchases to go straight into mid term? It was just kind of dumb luck. We'd actually Purchased portfolio from a retiring person and used them as rentals for a while.
And then right after that, we found another fourplex that was completely vacant and re rehab pretty decently. And we walked into it. We're like, God, this would be great for an Airbnb, but we just didn't know who would ever Airbnb in Bismarck, North Dakota. So we didn't do it for a year or two. And then one tenant moved out.
We're like, you know, let's just try it. And as the Airbnb started. It took off immediately and then that just, you know, got us into the furnishing rental. And while we were doing an Airbnb guest, one gal asked if she could stay for three months. And I was like, why? And she's like, well, I work at the hospital and I'm a travel nurse and they have a contract for three months.
And I'm like, okay. So then, uh, he'd mentioned the furniture finder and that's basically how I found out about it. And then. Yeah. And. Since then, it's been game on. Awesome. And what percentage of your midterm rental bookings come from Furnished Finder? I'd say right around 85 90 percent and if the first one wasn't a Furnished Finder referral or Furnished Finder person, the person in there would refer another nurse from the hospital saying, hey, I'm staying here.
Keeps getting a hold of this guy because he's got a good And then they just come in by referral like that. So I still consider them kind of like a furnished finder find. Awesome. Well, uh, one thing I loved about our first call is you are great with numbers and talking about the numbers. So that was something that really.
Stood out to you for the midterm rental space. So why don't you run through some of those numbers and what the long term rents are for your, uh, multifamilies versus what you can get for, uh, midterm rental. Okay, so basically on the first one that we did, we were renting the unit. It was just a smaller, almost like an efficacy.
We were getting 600 a month for it. And then once we, The gal moved out. We furnished it for about three, four thousand dollars to one bed, out, TV, stuff like that. And the first tenant we rented it to was paying us 1, 200 a month. So it was instantly double what we were getting per month to the same unit.
And now, right, we're getting, I think, around 1, 400 a month for it on a consistent basis. And then that's just the one bed, one bath. Wow. So you more than doubled that? Yeah, it was like a game changer because I was at the same place. We're getting twice the rent, but our mortgage is staying the same thing.
Yeah, that's fantastic. And then did that cover, did that trend carry over into your other units as well? That you furnished that you were able to like at least double the long term rent? Yes. And double or more so like on the sixplex we bought, we were getting on average for the two bed, one bath with in-unit washer dryer.
Around 850 to 900 a month, and now across the board, it's 10, 000 per two bedroom mass. Yeah, I think this is the, the, I like that you're in North Dakota as well. A lot of people think that these kind of like, you know, the not as popular states can't cash flow as well, or they can't do as well. When in reality, uh, these midterm tenants, they're traveling because they need to go somewhere, right?
They're for a work contract, they're working in a hospital, they're maybe on a corporate project or they're relocating. Yeah. So the, the demand for them is still incredibly high, even if in these areas that don't necessarily have the tourist attraction or the seasonal appeal, there's still a lot of that demand that can render these higher rents because these travelers need somewhere to stay.
Right. And so not only are they getting somewhere quality that they can stay, but it's providing a good investment for you as well. Another thing I'd No heard about that. It was like North Dakota, the highest paid state for travel nurses, because nobody wants to come here. So, I mean, that worked my favor too.
Definitely. Well, before we dive into, uh, North Dakota and what draws someone to your area, uh, for travel nursing or other industries, let's, uh, Uh, let's circle back to that, uh, conversation about, uh, multi families. So you bought eight multi families in one year. So how did you secure these multi families?
Did you use your own financing? Um, yeah, let's, let's hear how you made that happen. Well, basically I had bought a few duplexes by myself, me and my wife. My property manager had saw me doing this and he's like, do you want to buy more? I'm like, yeah, I do. So we've got to find the right deal, you know, and we happen to find a person that was retiring, he had seven or eight properties and he just wanted to sell them as a portfolio.
So we started, we reached out to him, talked to him, did all the negotiations, finally agreed on a price. And then we basically each had to come up with, I think it was 105, 000 and I basically, I'd spent most of my money. So I cashed out some of our, did a, like a loan out on my 401k refinanced my car. The bank gave me a 20, 000 unsecured line of credit.
So it was basically me and my partner that did it all. But we like have always had to say, we, we had a much click and surfing for money. Had to get to that, that number. And like, I think to get me over to that one Oh five, I had to take out like 5, 000 loan from the credit card. Okay. I mean, I got there, but then I knew that it was going to be worth it towards the end.
So I just, it was getting out of the tough thing. But then the day we closed on the deal, we had 100, 000 in equity. And then basically what had happened is with that 100, 000 in equity, we'd found the first fourplex that we ever used for the furniture rental. The next month and bank actually let us refinance out that 100, 000 and we bought that Orplex.
That's awesome. Yeah, it's insane. I can't believe it actually worked out. Yeah, uh, because I mean, when you're talking eight multi families, 100k doesn't seem like too much. Too much to have to come up with to get, uh, eight full multifamilies. And now you're able to, you know, two times, uh, the cashflow of long term rentals with the midterm rental strategy on those multifamilies.
You're doing a fantastic job. So let's talk about North Dakota in the Bismarck area. What, what are the perks of why someone should invest in North Dakota? in, in the Bismarck area or in North Dakota, and are there, you know, high seasons and low seasons? What's it like in North Dakota? Well, I'd say that we are high and low season.
It seems like it's much busier during the summer because then in the, in the winter, it does get cold. So people don't want to be here as much, you know, but I mean, it's a great community. It's maybe I'd say the. The entire area, maybe around 100, 000, but there are two local hospitals that are about the same size.
So, like, it draws them from, you know, the tribal nurse pool just because of the two hospitals. It's not, they're not level one, but it's still, they still service the area within the lip. There's also a refinery on the western edge of town. And like this summer, they had a turnaround, so that increased my demand exponentially for the furniture rental.
Like, I was getting called every day, but if I could have had 30 or 40 of them, I'd have had them all filled. But it just, I ran out, you know. Today's episode is proudly sponsored by Furnished Finder, the ultimate platform for hassle free midterm rentals. Whether you're a seasoned landlord or just getting started, Furnished Finder has everything you need to find your next tenant.
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I think it's really important for everybody to know that, you know, there are hospitals everywhere if you're going for medical professionals, um, and medical professionals are, you know, Less than half of our travelers, but they're a very steady traveler base. And they're really great. If you want, if, if, if that's kind of your target tenant, we have plenty.
They're all on furnished binder. Right. And they are going to places like North Dakota or Idaho or Missouri or. You know, you need health care everywhere. Um, so I think that I love that you mentioned that, um, and they really need stable and great housing, even in these places that might not pop up, you know, when you're Googling, what are the 10 best markets for me to invest?
Sometimes it's not the markets that are on those lists, but it's just right there in your backyard. Um, when we started our investing journey, personally, like we were looking at these These more popular markets and the ones that were making the headlines and things like that. And actually where we found success is in the Midwest.
And it's where nothing is special. It's special, but I mean like, nothing's like nobody's traveling there to go to the beach or nobody's going there to see a Broadway show, but they're just good people. There's really good hospitals and there is a A great demand there. And it's pretty safe too. Yes. Yes.
I'm, I'm curious what you have found. I have actually found that in the Midwest, when I'm working with my handyman or my cleaner, or even like pest control people, or anyone who's going to go fix the furnace, everybody is so down to earth. And I love that kind of, I live in Denver and everybody here is, is wonderful.
I love the culture here, but, um, just. When you get in a bigger city, you know, I'll call the pest control people or the HVAC people. And it's, it's more of a process and, you know, everything's a little bit more structured. Whereas I feel like my properties in the Midwest, I can just give them a call. I'm going to talk to the person I'm going to work with and they'll show up.
They'll do a great job. And it just, it almost feels like. The clock has been turned back 10 or 15 years, and I love that kind of vibe exists there. Yeah, it's kind of neat, like, even last week I had a wasp issue, so I called one of the ethical companies, they came out, sprayed it, and then uh, Bravo 10 is like, they're back.
I'm like, oh crap, you know, and I called the company again, and then the guy texted me within a half hour, like, I'll be out there in a couple hours. You know? Yeah, that's awesome. It's such a, such a important part of the midterm rental pot processes is y'all pest control team too. And just all of your contract teams.
So, um, Lee, one thing that you do really well, and you've already said North Dakota is not necessarily the first place that travel nurses are taken. choosing to go, but that's why it has one of the highest, uh, paid positions for travel nursing. Uh, but you have a really high extension rate where they'll not only stay three months, but uh, they'll extend for another three months and you'll have six months stay.
So what do you think some of those factors are that are helping them choose to stay longer with you? And I think location is one of those things that has been a huge benefit for you as well. I know definitely location because most of my furnished rentals are within six to eight blocks of both hospitals because both hospitals are right next to each other.
So it's just, it was dumb luck that we happened to buy these properties and they worked out that way. But then the other thing is the community is, I think people actually like it when they're here. Like, I mean, the summers here are awesome. You can hang out with your kids or walk your dog wherever you want.
It's just one of those like an amenity almost and then my units are also really nice. So that helps I think. Yeah, and then you communicate very well, I think within five to ten minutes of someone reaching out to you. So, how do you recommend that balance of not feeling like you're always on the phone?
You always have to be on for midterm rentals because, you know, it is a form of passive income where you can make money while you sleep, uh, and you don't have as many flips throughout the year. On average, it's four flips per year, but it is still work. You are still furnishing the properties. It's hospitality.
So how do you balance that? communication with a quick response and getting referrals, uh, from your travel nurses for future guests. How do you, how do you make that happen? When I get my phones always by me, I'm a realtor too. So it's like, I've got to answer phone calls all the time. If someone shoots me a text message, like something's not working, I at least respond to them like, Hey, we'll get someone out there.
But that's really all you need. It's just a response. So like, they feel like they're. Being noticed or appreciated and it just goes a long way because I get messages I think like thanking me for my attention to my property basically what the last girl said. Awesome. And I think one thing that you also do is provide solutions, right?
I think you have a Murphy bed example for that. Yeah. So, um, we had a family move in that was for the refinery turnaround. They had three kids and the only thing I had available was a two bed, one bath. So we had a little work based office area. We had a desk there and the wife. It's like, well, maybe we should put a Murphy bed there so that the kid doesn't have to sleep on the couch the entire time, and it doesn't ruin our couch.
So we went on Wayfair, found a decent Murphy bed, and then just basically explained to them, Hey, here's a bed for you instead of a desk, and they loved it. Well, Lee, you said 80, around 85 percent of your bookings come from Furnished Finder. doing something right in your marketing and in your communication and in your retention.
So we just want to encourage other hosts with some of those same tips. Uh, one thing I noticed is you're split half and half. You have the Furnished Finder entire unit feature, uh, you have the Furnished Finder entire units, and then you have four unit features, which if. Someone doesn't understand how that operates, uh, with multifamilies or duplexes or a home that has an ADU in the back that all shares one address.
Well, then you can choose to add, uh, a unit to that property, uh, for, you know, a bit lesser cost than you would, uh, for the entire unit, but less about the cost and more about the functionality it shows up on that listing. And so let's say it's a room. And you've got a four bedroom house with four rooms.
Well, you can advertise, and this is what we recommend, each one of those units. So, same thing for Lee's multifamilies. He's got, you know, four, he's got some triplexes, he's got some, you know, fourplexes. So, you can advertise each of those units. Rolled up under one unit, uh, so that everyone can see which options are at that location.
So what do you think about that, uh, feature and the functionality, Lee, and just overall marketing of how you stand out on Furnished Finder in your area with them all together like that? It helps me just, uh, identify which one I'm actually working with. Let somebody reaches out for. Like a Furniture Finder Inquiry, I can just, I know which one they're talking about right away.
So that helps me, and then, the big thing for me with Furniture Finder is just, I'll get a notification on my phone, and even if I'm not a, I don't have something that fits, I still, At least we reach out to them, like, Hey, I have this, it might not quite fit your need. It's a possibility. So if you can't find something, circle back to me and I can maybe make it work.
So that helps you deal with, uh, more people. And it's just simply responding, like, I don't know what, at least I get a response back. Like I've had a couple this week, like I sent them out a little feeler and they're like, Oh, I've already found something or I'm still looking. But I'll read back out. Thanks for responding.
Like they're appreciative that you actually responded. Yeah, definitely. And, uh, you have a fun naming convention for your listings and you tie those in and your headlines and just kind of have a playful way of approaching the title. So let's, let's talk about that a little bit. How do you name your, your headlines or your properties?
So basically, instead of Addresses, because me and my partner, my partner doesn't know which one I'm talking about half the time. We put names to everything, so like, in one of our fourplexes, we started everyone with a M. So like, uh, there was a girl in the basement, her name is Madison, so we named the place Madison.
You know, and then main floor, we figured Mayflower. Upstairs, Magenta, because it's just a fun, richer color. I don't know. You know, and then the, like the sick plex, it was, the apartment was called the Mariah. And I've got a friend of mine who's got four kids and one of them eating Mariah. Carried on with that tradition.
So it's Mariah, Ashton, Bergen, Gimson. And then we actually had to fill another unit in there. We have, they ran out of kids. So we just named it the Jessamark after Jesse and Mark.
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Kelly, do you have nicknames for any of your properties that you guys refer to them as you and Dave? Like when you're talking about a certain one. Yeah, mine are pretty boring. They're like the color, we like colorful houses. So it goes back to the yellow house or the greenhouse, or, you know, sometimes we'll roll up to the street it's on or the, my favorite is probably we've named, uh, our 300 square foot ADU.
We named it the songbird and we chose that name because the, there is the most soothing, gentle church bells that go off in the background throughout the day. So if I'm there, like. doing a project at the property, or we happen to have a weekend that we can go enjoy. It's in the heart of downtown Belton, which is a cute city in Texas.
Uh, so anytime I hear those church bells, I run outside and just take a deep breath and enjoy. So that's probably my favorite one. What about you, Katie? I love that. We have, um, We do have nicknames. Some of them are the street names. Some of them are as simple as the townhouse because we only have one townhouse and if we ever get another townhouse we're gonna be in trouble or the condo because I guess we have multiple condos but only one that we own and not arbitrage.
Some of the other ones get very confusing because they're in the same building so it's like number one, number two, number three, number four, but that's not their unit numbers. And their unit numbers are very close to the building numbers. It gets really confusing for us for some of them. So I have to have some cheat sheets, but, um, I think having some nicknames, I really like how yours are more tenant facing though.
Like, you've almost kind of branded each of yours versus just having a nickname. Um, and I like that versus saying, you know, The cozy apartment, or I always tell people, I'm like, stop using the word cozy or quaint when you're talking about midterm rentals. All you did is tell me that it's small, but I think when you're calling it like the Madison or something like that, like if I'm a traveler and I'm scrolling through, I'm going to remember like, Oh, I was looking at the Madison or I was looking at, you know, one of these other names that you said it's, it's, it's, It gives it something that a traveler can remember, um, and something that also is meaningful for your organization purposes.
And that kind of helps me too, like when they reach out, they're like, Oh, it's looking at the magenta. Then I know exactly what they're talking about. Cineva, 107 or whatever. Right. Great point. I totally agree. Yeah. Well, I think maybe we end with just a roundtable discussion. Uh, so one thing that we've heard on our show over and over again is how small to medium sized cities are really the niche for a lot of midterm operators, including Katie and I.
So, uh, Lee, do you have any advice to give listeners looking for where to buy their first or next midterm rental around the nation? Thank you. I'd basically say, look for somewhere close to a hospital, something that might maybe need a little bit of work, because then you can, like I would say, maybe edit it to a travel nurse.
Just kind of fix it up that way. Awesome. I really can't think of much. I kind of dumb lucked into them, so I'll just, you know. You know what? I think it would be surprising how many, if you're one that just decided to jump in and not really do the research, put it in the comments, share your story. Dave and I were kind of the same.
We're like, Hey, let's try this. thing out, let's start with our own property and just rent it out. And then we'll find a place to live if it gets rented. And then we'll come back eventually. And that's exactly what we did. And we added about, you know, three to five properties over two years, uh, by just that mentality.
It wasn't a lot of data or hard research that went into it. It was just like, Hey, this one worked. Let's. Go find another place similar and make that one work. And it's been a great success. And same as Lee, a majority of our bookings come from Furnished Finder. We've had great, uh, guests that, you know, uh, we really, that's one thing that's really nice about the midterm rental strategy is the, the tenant type.
is so respectful. They communicate well, uh, they want to take care of your place. You know, there's not a lot of communication unless they, you know, you don't, there's something that they need to, to hear more about, uh, or, um, You know, just as something comes up. So it's really great, uh, tenant type, uh, for midterm rentals.
Katie, what advice do you have for jumping into midterm rentals around the nation? Yeah, I, I mean, I think there's a different comfort level for everybody, but what I hate to see is when people get stuck in analysis paralysis and they just are trying to overthink every. Little situation every possibility everything that could happen or you know, you're running the numbers until your face turns blue It's like at some point you have to try it and this is particularly true with midterm rentals, right?
Especially I think if you're if you're coming from the short term rental world, you're used to having So many different data points that you can, you can run against and we have data points and resources within midterm rentals, but it's just, it's just a little bit different, right? Because, um, our tenants are different.
The demand is different, but it's a lot steadier. Right. So a lot of people that I talk to that particularly are coming from the short term world are like, they're wanting more and more and more and more data. And I'm like, look, try it. Right. And make sure that you can pivot like anytime we're doing a new property, we make sure that like, if all else fails, we could rent it as a long term rental, that we would at least break even if we had to run it as a long term rental.
But Sometimes you have to just try it and you have to see if it sticks because some of this is an art and it is Making your property very appealing. It's how you communicate with tenants. You can't add that in a spreadsheet You can't add in, okay, if I make my apartment really welcoming and really comfortable for my target tenant type, I'll be able to charge a higher rent, right?
And then my expenses can be a little bit higher. You can't add, you can't always add for these things. A lot of these things are discretionary. So try it and know that you can always change. It's easy to, it's easy to tweak things. It's easy to lower the price or raise the price or adjust your expense.
Like you can change these things. Yep, definitely. So if you are one of those that is more data driven, well then what we recommend is get on Furnished Finder. com forward slash stats and that's the midterm rental data that Furnished Finder provides for your area. It's, uh, gives you kind of like Price points, bedroom sizes, things like that.
And then if you look in the cities of interest that you're thinking of investing or already investing, uh, at the long term level or the short term level, and you think, okay. Yeah, this looks good. I want to, I want to dive in deeper. Then we recommend flipping over to the map, the Furnished Finder map, and check out the competition in your area.
How are you going to compete price wise, uh, you know, style wise, professional photos, et cetera. Um, and then look for those with future availability or five star reviews, because those are ones that are likely better. Booked right now at the price point listed on Furnished Finder. And I was, that's a great way to research midterm rentals.
Um, but yeah, if you just want to try it, one of the nicest things to do, especially if you're a long term investor and you're looking to increase your cashflow, which is for the midterm rental level is typically one and a half to two times the rate. of, uh, long term rentals. In Lee's case, we see he's, uh, more closer to the two times or greater with his multi families, which is nice with multi families.
Um, you can just, uh, You can list your property unfurnished with those professional unfurnished photos when your next availability is coming up and say furniture coming soon. So we have many episodes and experiences, including myself, of A lot of times you get it rented before you even have it completely furnished.
And now you've got a deadline to make sure that you're ready for that first midterm rental guest. Uh, Lee, any last thoughts or real estate, uh, investing advice you'd like to add, uh, for our listeners here and midterm rental investors. I guess that when you said about not even being furnished before it was rented, I had one property that I had rented before I even had a kitchen installed.
It was basically a gutted unit, but we had such demand. I was like, all right, I'll take it. But I basically got one month to get this entire place ready. You know, it was chaos, but we did it. Nice. That's great. But like, like you said, just try it. I mean, like for me, if it all fails, I'm going to have one of the greatest rummage sales ever.
You know, there's gonna be 20, 30 EVs, tons of couches, all kinds of beds, but I just don't see that happening. That's awesome. And that's part of the try it. You don't need a full kitchen always. You just need a way for a midterm rental guests to be able to cook their favorites. So like Instapots and stovetop griddles.
Um, Crockpots, things like that, uh, make great options for, uh, ADUs or additions to your home. So, uh, look at your portfolio or how you want to get started. And we'd love to, uh, hear in the comments, just how did you get started? What was your first step in midterm rentals? Or what are your questions about midterm rentals that we can help point you in the right direction?