• Ultimate Tax Strategies: Cost Segregation, Depreciation, & LLCs w/ Bigger Pockets Author, Amanda Han (115)
    Sep 30 2024

    In this episode of The Landlord Diaries, we sit down with Amanda Han, Managing Director of Keystone CPA and one of the nation's top real estate tax strategists. Amanda, a third-generation real estate investor, has helped countless investors maximize wealth through powerful, proactive tax strategies. With best-selling books on Amazon and features in Money Magazine, Google Talks, and CNBC, Amanda brings her unparalleled expertise to the show. Whether you're new to real estate investing or a seasoned pro, this episode will provide valuable insights into building a tax-efficient portfolio. Amanda has 46k subscribers on Instagram & frequently appears as a speaker or author on the Bigger Pockets network.

    🔑 Episode Highlights:

    • How tax savings make real estate a powerful wealth-building tool
    • When and why you should move your rental property into an LLC
    • Deep dive into cost segregation and how it can supercharge your tax savings
    • Understanding the $25,000 tax allowance for real estate investors with W-2 income
    • How to achieve Real Estate Professional Status and unlock massive tax benefits
    • Top tax tips for MTR hosts and how to find the right CPA for your real estate journey


    📊 Tax Q&A for Furnished Finder Hosts: This episode covers frequently asked tax questions from real estate investors managing midterm rentals, including the pros and cons of LLCs, cost segregation strategies, and tips for reducing your tax burden.

    In this episode we cover:

    0:00 The Landlord Diaries Intro

    2:40 How Amanda became one of the leading real estate tax strategists

    3:50 Amanda grew up NEVER wanting to invest in real estate

    4:35 Robert Kiyosaki’s book “Rich Dad Poor Dad” changed Amanda’s mindset

    5:35 Build a real estate portfolio that’s designed to fit your lifestyle

    7:50 Keystone has many client’s in the MTR space

    8:40 Why real estate is a preferred asset class

    10:00 Tax savings can become a wealth building addiction

    12:55 Don’t be scared to ask your tax advisor questions

    14:45 When to talk with your tax advisor

    15:25 Tax Q&A: Furnished Finder host questions answered

    16:20 At what point should you put your rental under an LLC?

    20:25 Should you set up an LLC on your own or with a professional?

    22:50 Cost segregation strategies & depreciation tips

    24:40 Around 40% of tax returns are not optimized

    26:55 Pros & cons of cost segregation

    31:55 The midterm rental tax loop hole

    33:15 The $25,000 tax allowance against w2 income

    34:40 What are the qualifications to become a real estate professional

    38:30 How to find the right CPA

    49:45 Can you have a different CPA & tax strategist?

    40:55 A mistake to avoid & the right questions to ask a CPA

    43:55 Overcoming the challenges of bookkeeping

    50:45 Tips for arguing property taxes

    52:40 Top 3 tax tips for mom & pop MTR real estate investors

    56:10 Connect with Amanda Han through KeyStone CPA & access her amazing resources!


    Website Links:

    https://www.furnishedfinder.com/

    Text the hosts with questions or comments.

    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.

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    58 mins
  • What Should I Do With My 4-5 Bedroom Investment Properties In Today's Market? FF114
    Sep 23 2024

    Welcome to The Landlord Diaries! In this episode, we dive deep into the profitable niche of mid-term rental insurance with real estate expert Ruben Kanya. With over a decade of experience and a portfolio controlling over 30 homes, Ruben reveals how he rents homes to families displaced by disasters at 4x the long-term market rate. From building a real estate portfolio to navigating insurance housing, Ruben shares game-changing strategies to optimize for mid-term rentals in today’s tight housing market.

    Learn how Ruben’s buy box strategy helps him secure 4-5 bedroom homes, perfect for displaced families, and how data-driven decisions in mid-term rentals can significantly boost your ROI. Ruben’s “napkin math” example shows a displaced family in his area of Atlanta, GA, would likely have $86,000 available for housing which breaks down to $7,166/month for 12 months. (Catch this part of the conversation at 45 minutes.)

    If you’re a real estate investor looking to maximize your rental income & leverage insurance contracts, tune in now!

    In this episode we cover:

    0:00 Intro- Welcome to The Landlord Diaries

    3:50 The exciting mid-term rental insurance space

    7:45 Hosting someone through disaster

    9:10 Ruben’s real estate buy box or deal criteria

    10:50 Don’t be a penny wise & a dollar foolish with tenant requests

    11:55 There are SO MANY ways you can take an MTR

    13:30 Insurance housing is more prevalent than you might think

    15:45 The Invested Escapes Portfolio & Mastermind Training Program

    17:30 Embracing market shortages with 4-5 bedroom homes

    18:15 Imagine hotel life for a family of 5 with 2 dogs…

    19:45 Half of the Furnished Finder supply is studios or 1 bedrooms

    20:30 Data is all relative, do the math & see the value of MTR

    22:35 Katie’s jump from 10-14 properties in months

    24:25 Ruben's insurance corporate housing blueprint

    29:05 Relocation specialists swipe quickly through Furnished Finder

    30:35 STR/Airbnb hosts optimize for experience, MTR hosts optimize for functionality

    32:25 MTR is an art, not a science. Brag about your functional amenities.

    33:45 Optimize for MTR: 30 day notice to vacate & fill gaps w/ STR

    37:25 When the STR/MTR hybrid strategy fails

    38:35 National Gross Housing Margin: The calculated formula insurance companies use

    39:45 Know Insurance Terms For Gross Profit Calculation: Coverage A & Coverage D

    42:20 How to research 4-5 bedroom supply in your market

    45:15 Ruben’s Insurance Napkin Math Example

    • Purchase Price: $480k
    • Atlanta Land Value- 10% on average
    • Dwelling Value- $432k
    • Loss of Use Value- $86k

    51:05 B2B Contract Advice w/ relocation companies & arbitrage/partnership opportunites

    55:00 Connect directly on Furnished Finder w/ no booking fees, no commissions, save thousands


    Website Links:

    https://www.furnishedfinder.com/

    https://www.furnishedfinder.com/members/profile?u=Ruben.Kanya

    Social: Ruben Kanya @therealestateexperiment

    Text the hosts with questions or comments.

    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.

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    1 hr
  • FF113 From Accidental Landlord to $7K/Month Revenue On One Property: Nicole Bansal’s Deal Criteria
    Sep 16 2024

    Are you ready to level up your real estate game? In this episode of The Landlord Diaries, we sit down with Nicole Bansal, a San Diego-based investor who went from accidental landlord to a seasoned real estate strategist. Nicole shares her 3-step process for defining your buy box (buying strategy) and identifying investment properties that both appreciate in value and generate cash flow.

    Nicole’s strategy led her to invest in a 4-bedroom, 2-bath hybrid property in Savannah, GA, which perfectly fits her buy box criteria—properties under $500K, in growing communities, and with strong equity potential. Tune in to learn about how Nicole is making $7,000 per month in revenue on one property, the power of mid-term and short-term rentals (MTR/STR), using AI tools like ChatGPT for city research, and how data-driven platforms like AirDNA and Furnished Finder can help pinpoint profitable neighborhoods.

    0:00 Intro- Welcome to The Landlord Diaries

    2:20 How do you become an accidental landlord?

    3:40 Real estate mistakes lead to a clear buy box

    6:50 What is a real estate buy box?

    7:20 Strategic decisions when considering your buy box

    9:30 3 ways Nicole breaks down her buy box

    • Personal Goals
    • News Updates
    • 3 main tools including Furnished Finder data

    9:55 Nicole’s personal deal criteria

    • Increase in equity/appreciation
    • Real estate wealth over monthly income need
    • Growing communities
    • Less than $500k purchase price

    11:55 Use AI tools like ChatGPT to research cities that fit your strategy

    • Population growth
    • Landlord friendly laws
    • Large tourism industry

    12:45 Why STR/MTR hybrid properties were part of Nicole’s portfolio strategy

    15:55 It’s really hard to cash flow with long term rentals, shift to mid term now

    17:50 Why are you waiting to enter the market?

    18:45 Deep dive on the data side: Finding the right STR/MTR property

    • Furnished Finder map
    • AirDNA
    • Rabbu (completely free to use)
    • Chat with Furnished Finder landlords

    23:15 How Nicole finds neighborhoods w/ the highest rents on Furnished Finder

    27:00 Amenities can be really important so don’t skip that part of your research

    28:30 When purchasing an investment property, a spreadsheet is a must

    29:55 Real estate partnerships can keep you on the right track

    29:50 Host Katie & Kelly share their buy box strategies

    32:45 You don’t always have to do a bunch of research to get started

    34:30 Nicole’s epic midterm purchase in Savannah, GA

    37:00 Nicole hit the 1% rule with MTR: $7,000 in monthly revenue on one property

    43:05 Katie’s most interesting tenant type yet

    44:00 Nicole & Katie share a love for all things marketing

    45:35 Canva’s AI tool can transform your property photos

    46:30 AI prompts for your property descriptions


    Website Links:

    https://www.furnishedfinder.com/

    https://www.furnishedfinder.com/stats

    https://www.f

    Text the hosts with questions or comments.

    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.

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    52 mins
  • FF112 Transforming Long-Term Rentals into Mid-Term Cash Machines: Darel Ison’s Proven Strategy
    Sep 9 2024

    In this episode of The Landlord Diaries, we sit down with Darel Ison, a full-time professional who’s built an impressive portfolio of 19 rental properties spread across Ohio, Kansas, and Florida. With 7 duplexes, 1 triplex, and several single-family homes under his belt, Darel has mastered the art of converting long-term rentals into lucrative mid-term rentals.

    Starting his journey in 2002, Darel's success isn't just about property accumulation; it's about strategic portfolio management. Discover how he’s transformed 4 of his properties into mid-term rentals, driving 85-90% of his bookings through Furnished Finder. Darel shares actionable insights into maximizing rental income without expanding your portfolio, by tapping into the mid-term rental market.

    Key highlights include:

    • The strategic shift from LTR to MTR
    • Insights on managing out-of-state properties
    • Essential tips for property improvements and tenant communication
    • Leveraging tools like KeyCheck & Worry Free Waiver



    In this episode...

    0:00 Intro

    2:30 Darel’s W2 & investing goals

    3:20 The journey to 19 doors

    4:00 Darel’s current focus: portfolio improvements & increasing profit

    4:20 Darel caught every Bigger Pockets episode up to 600!

    5:20 Struggling with tenants in your LTRs? Consider MTR

    7:00 Host Katie Lyon’s investing goals for her kids & family

    9:45 The difference in LTR & MTR tenants from Darel's experience

    12:15 Not getting bookings? Tune in now.

    15:00 Stay active in your Furnished Finder account

    17:40 Want marketing feedback? Tag your Furnished Finder listing in the comments

    18:15 Moving your first LTR to MTR

    21:00 Fill your MTR gaps with STR stays: Darel got his normal rent in 4 nights

    26:10 The revenue difference between LTR & MTR

    31:35 Working with your contractors as an out of state property owner

    35:35 Digital lock tips: which locks to buy, which to avoid, do not disturb feature & how they integrate with your channel manager

    39:25 KeyCheck provides peace of mind throughout your MTR booking process

    40:10 Travelers & landlords alike trust KeyCheck tenant screenings

    42:00 KeyCheck makes splitting payments easy for travelers sharing a home

    43:55 Worry Free Waiver: protect yourself & your guests

    50:20 3 ways to present Worry Free Waiver to tenants

    52:15 A separate pet guideline comes in handy

    58:30 Incorporating QR codes & virtual tours into your real estate marketing

    1:01:55 Finding strong multi-family deals on market

    1:03:35 When your getting out bid over & over, change your strategy


    • Furnished Finder’s Worry Free Waiver
    • Darel’s Listings on Furnished Finder
    • Katie’s Lighting Product


    SEO Keywords:
    Mid-term rentals, real estate investing, rental properties, Furnished Finder, portfolio management, property conversion, rental income, Bigger Pockets, real estate podcast, tenant management, digital lock ti

    Text the hosts with questions or comments.

    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.

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    1 hr and 6 mins
  • FF111 Master Insurance Housing: Partner w/ Other Furnished Finder Hosts Like Will Dotson
    Sep 2 2024

    In this episode of The Landlord Diaries, we sit down with mid-term rental expert, William Dotson, who specializes in insurance housing hosting families that have been displaced from a disaster. His level of hospitality, expertise & heart for the guest(s) is contagious. At this time, Will's portfolio is all mid-term rentals. He operates around 10 locally in Nashville & 2 out of state. With over 12 properties under his management and more in development, William has become a master at leveraging partnerships with Furnished Finder hosts and navigating the complexities of MTR insurance housing.

    Tune in for expert advice on property management, building partnerships, insurance intricacies, and tips on successfully managing properties across state lines.

    In this episode we cover:

    0:00 Intro- Welcome to The Landlord Diaries

    2:05 Podcast recording from an active renovation

    2:35 Mid-term rentals in 3 states

    3:20 Will has 12 properties under management, 3 in the works

    3:35 Nova Havens journey to MTR insurance

    5:20 Impactful MTR insurance story

    7:25 Follow the fire department on Instagram!

    9:20 You can be the solution in the midst of chaos

    9:25 Do you know your ALE coverage?

    12:15 Presenting yourself as an expert in the MTR space

    13:00 Will’s mid-term rental booking process through KeyCheck

    14:10 Round Table Discussion: Addendums to add into your midterm rental leases

    18:05 Do midterm rental hosts include caps on electricity?

    20:20 Rent payments with insurance agencies

    22:30 Will partners with other Furnished Finder landlords on his insurance leads!

    25:00 Furnished Finder was built with the landlord-tenant relationship in mind

    26:05 Will builds his mid-term rental insurance property list on Furnished Finder

    27:15 How do Furnished Finder hosts respond to Will’s arbitrage & partnership calls?

    28:30 Setting up partnership contracts with other Furnished Finder hosts

    30:55 Marketing best practices on Furnished Finder

    33:35 Out of state property management tips

    35:10 You don’t really know your property until after the first year

    35:40 Why Will purchased out of state in California & Washington

    37:30 Will tried out 4 CPA’s before finding the right tax strategist

    40:20 Say goodbye to the 9-5 and hello to entrepreneurship?

    42:25 Superintendents are an emerging tenant type on Furnished Finder

    43:15 Connect with Will Dotson


    Website Links:

    https://www.furnishedfinder.com/

    https://www.keycheck.com/


    Will’s Listings on Furnished Finder:

    https://www.furnishedfinder.com/members/profile?u=william.dotson

    https://www.novahavens.com/

    Some of Will’s co-host properties:
    PID 678810
    PID 672165
    PID668846
    PID491055
    PID667212

    Whether you're a seasoned investor or new to the mid-term rental space, William’s journey offers valuable insights and actionable advice to help you succeed in the real estate world.

    Enjoying our show? We would be honored to rec

    Text the hosts with questions or comments.

    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.

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    45 mins
  • FF110 Boost Your Rental Income: STR for Events, MTR for Steady Profits w/ Leslie Hooper
    Aug 26 2024

    Unlock the secrets to maximizing your rental income year-round with expert real estate investor Leslie Hooper! In this episode of The Landlord Diaries, Leslie shares her unique strategy of balancing short-term rentals (STR) during peak football season and mid-term rentals (MTR) for the rest of the year. With over a decade of experience and a thriving portfolio in Athens, Georgia, Leslie’s insights are a goldmine for both seasoned and aspiring investors.

    In this episode:

    0:00 Intro- Welcome to The Landlord Diaries

    2:05 Why Leslie loves The Landlord Diaries podcast

    3:25 Leslie’s accidental journey to mid-term rentals

    4:50 STR during football season, MTR the rest of the year

    5:45 Adding 4 seller financing condos to her MTR portfolio

    6:20 The Furnished Finder tenant types surprised Leslie

    7:40 The real estate appreciation highway

    9:15 Leslie’s mid-term rentals are beautiful!

    10:05 Furnishing your MTRs at different levels to attract a variety of tenants

    14:15 Leslie’s example of a film crew renting her MTR

    14:50 The STR/MTR balance

    16:10 Planning your furnished rental calendar around local events

    17:15 Mid-term rentals can be a form of community service

    18:15 MTR is all about the balance, MTR is medium for everything

    19:15 How Leslie uses the Furnished Finder tenant tracking tool

    23:00 The proper way to keep your Furnished Finder calendar up to date

    24:45 Leslie’s last 5 purchases were seller financing deals from tired landlords

    26:55 A good reputation as a landlord leads to more deals or partnerships

    27:45 Tenants of 5 star hosts often bring your next tenant

    28:40 Leslie’s first mid-term rental was filled within 48 hours

    29:15 The Furnished Finder unit feature & why you should market each unit

    30:55 With a surplus of mid-term supply, many MTR landlords work together

    31:55 Words of wisdom from Leslie’s real estate journey

    33:50 Know your midterm rental exit strategies

    34:20 Leslie learned a lot of her risk tolerance from Shark Tank’s Barbara Corcoran

    36:55 Connect with Leslie through her Furnished Finder listing in the show notes

    37:20 Homework: Check your calculated MTR risk on FurnishedFinder.com/stats

    🚀 What You’ll Learn:

    • The surprising journey from house hacking on Craigslist to dominating the mid-term rental market.
    • How Leslie’s MTRs consistently attract high-quality tenants, from traveling professionals to film crews, through Furnished Finder.
    • The importance of strategically planning your rental calendar around local events and how this can boost your revenue.
    • Proven tips on furnishing your rentals to cater to a variety of tenant types and budgets.
    • How to leverage seller financing deals from tired landlords to expand your portfolio.


    🔗 Resources:

    • Explore Leslie’s Furnished Finder listings: Leslie’s Listings
    • Learn more about Furnished Finder: Website
    • Join our Facebook Community: Facebook Group
    • Join ou

    Text the hosts with questions or comments.

    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.

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    38 mins
  • FF109 Boost Your Bookings & New Product Updates: Expert Tips from CEO & President Jeff Hurst
    Aug 19 2024

    Welcome back to another insightful episode of The Landlord Diaries! This week, we're thrilled to have Jeff Hurst, President & CEO of Furnished Finder, join us once again. If you missed Jeff's latest state of the union address, be sure to check out episode 100 for a comprehensive update.

    In today's episode, Jeff reveals exciting new platform updates and products designed to help you secure more bookings for your mid-term rental properties. From debunking common myths to sharing impressive landlord success stories, this episode is packed with valuable insights and tips to boost your rental income.

    In this episode, we cover:

    0:00 Intro: Welcome to The Landlord Diaries

    3:45 Why Jeff Hurst is CEO & President at Furnished Finder

    4:25 Impressive facts we learned from landlords this quarter

    5:45 How landlords are making significant income through Furnished Finder

    7:10 Myth Buster: Our travelers are not just travel nurses

    8:10 Fastest growing tenant types on Furnished Finder

    11:05 Locations Furnished Finder excels

    13:30 Connecting landlords with relocation agencies

    16:10 Introducing our new Worry Free Waiver product

    20:25 Sneak peek: New look for the Furnished Finder property details page

    23:50 Stay updated with Furnished Finder's communication channels

    25:05 Tips for increasing bookings and meeting rising demand

    28:00 Various tenants types such as medical recovery stays

    29:40 Call to action for all Furnished Finder landlords

    30:05 Celebrating Furnished Finder's 10 year anniversary!

    30:50 Share your success story with Furnished Finder

    Join us for this engaging discussion and discover how to maximize your rental potential with the latest tools and strategies from Furnished Finder. Whether you're a seasoned landlord or just starting, this episode offers something for everyone. Tune in now and stay ahead in the ever-evolving rental market!

    Keywords: real estate investing, mid-term rentals, Furnished Finder, rental income, property management, landlord tips, Jeff Hurst, relocation agencies, travel nurses, rental market trends, new rental products, property updates, rental success stories, rental demand.


    Website Links:

    https://www.furnishedfinder.com/

    https://www.keycheck.com/

    https://www.furnishedfinder.com/stats

    https://www.furnishedfinder.com/Resources/PMResources

    https://www.travelnursehousing.com/

    https://www.facebook.com/groups/furnishedfinder.travelnursehousing/


    Worry Free Waiver Details:
    https://www.furnishedfinder.com/members/worry-free-waivers

    Episode Blog:
    https://www.furnishedfinder.com/blog/furnished-finder-updates-from-ceo

    New Property Details Page Blog:
    https://www.furnishedfinder.com/blog/new-property-details-page

    Enjoying our show? We would be honored to receive your 5* review

    Text the hosts with questions or comments.

    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.

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    34 mins
  • FF108 From Studios to 3 Bed Homes: Allen Duan’s Path To 26 Managed & Arbitrage Properties
    Aug 12 2024

    Welcome to The Landlord Diaries! In this episode, we sit down with Allen Duan, a mid-term rental powerhouse with a portfolio of over 26 managed and arbitrage properties in Southern California. Allen shares his incredible journey from short-term rentals (STR) to mid-term rentals (MTR), a strategic pivot driven by local restrictions and market opportunities.

    Allen's success story is a masterclass in leveraging platforms like Furnished Finder to host thousands of guests and generate substantial booking volumes, ranging from $2k/month for studios to $10k/month for three-bedroom homes. He provides a detailed walkthrough of his process, including the importance of networking, building a strong team, navigating real estate laws, and the nuances of rental management, arbitrage, and co-hosting.

    In this episode, we cover:

    0:00 Welcome to The Landlord Diaries

    2:45 Allen started in STR but shifted to MTR due to local restrictions

    3:30 What led Allen to real estate & specifically the arbitrage & management model?

    5:10 The Hospy Homes Team & portfolio

    6:00 Allen’s perspective on rental management, arbitrage & co-hosting

    7:35 Did state & local laws require Allen to obtain a broker’s license?

    9:30 Evaluating your portfolio in the growth stage

    10:30 Hospy Homes total booking volume was around $700k in 2023

    11:40 Allen’s perspective on short term vs. mid term rentals

    14:55 Allen’s success with around 20 listings on Furnished Finder

    16:15 About 40-50% of Hospy Homes MTR bookings come from Furnished Finder

    17:40 Hospy Homes experience with studio to 3 bedroom homes

    19:25 What Furnished Finder has learned about tenant communication

    23:35 Hospy Homes takes a damage waiver of $150 rather than a deposit

    29:50 How Allen scaled to 26 managed & arbitrage mid-term rentals in 5 years

    31:10 Tips for partnering with arbitrage & management property owners

    36:20 Allen’s complimentary mid-term rental analysis for his potential clients

    38:20 Furnished Finder’s mid-term rental stats tool

    39:00 Details to include in your management & arbitrage contracts

    40:15 How Hospy Homes keeps their property owners informed

    41:15 Building your team & standard operating procedures

    42:45 Helping your team thrive & find value in their position

    44:15 Networking is a huge part in expanding your mid-term rental business

    48:45 How to connect with Allen, Founder of Hospy Homes


    Website Links:

    https://www.furnishedfinder.com/

    https://www.keycheck.com/

    https://www.furnishedfinder.com/stats

    https://www.facebook.com/groups/furnishedfinder.travelnursehousing/

    Connect with Allen, Founder of Hospy Homes:

    https://www.furnishedfinder.com/members/profile?u=allen.duan

    https://hospyhomes.com/

    @allenduan120


    E-Myth Book

    https://a.co/d/iUOMeT8

    Text the hosts with questions or comments.

    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.

    Show more Show less
    52 mins