Mid-Term Investments Are The NOW: Ryan Walseth
In today's episode with Ryan Walseth of Lakes Sotheby's, we discuss the growing market for mid-term rentals and investment properties. Due to the rise of traveling nurses, work-from-home employees, and the overall increase in flexibility in this COVID world, now more than ever, mid-term rentals are making sense for investors and consumers.
At 1:35, Ryan explains what a mid-term rental is, and why they are currently growing in popularity. In today’s day and age of remote work, people have more flexibility than ever before to move to a new location for a couple of months. Ryan explains that if your mid-term rental is furnished and has good Wi-Fi, you could potentially attract renters from all over the U.S.
There are many different versions of mid-term rentals and different reasons for why a mid-term rental may be practical. Ryan discusses some different examples at 4:00.
Tune in at 11:42 to hear Ryan explain the risks of running a mid-term rental compared to a long-term rental. Ryan also answers the question of how to make your rental properties stand out to renters at 13:54!
“There are a lot of different things that you can offer your renters, depending on where you’re at, to tie them in with the local community.”
Ryan describes the ideal person to purchase a mid-term rental property at 23:17. He then goes on to describe the benefits of owning a mid-term rental over other rental options!
Listen at 26:30 to hear what effects Ryan thinks mid-term rentals will have on the real-estate market.
We learned so much about mid-term rentals in our conversation with Ryan, and we hope that you were able to get as much out of it as we were! Ryan provided us with some informational flyers that we will share with you below!
You can contact Ryan at:
Email: Wally@LakesMN.com
Instagram: RWalseth