Today we have Ms. Kellie Michele with us from St. Louis, Missouri. She is on fire! Kellie’s YouTube channel has over 2,500 subscribers and her content is all about mid-term rentals. Kellie started real estate investing in 2005, got hooked on the property management side of things with her first STR in 2018 and has since converted all her vacation rentals into mid-term and corporate housing rentals for traveling professionals. Kellie currently manages a portfolio of 15 mid-term rentals.
In this episode we cover:
(Points organized in episode order)
Who is Ms. Kellie Michele and why should I follow her channel?
Let’s talk about Kellie’s portfolio of 15 medium-term rentals
How to find and secure rental arbitrage properties
When to pause and when to go after more properties
Kellie’s training side of the business.
Most common questions Kellie gets about mid-term rentals
How to price your medium-term rental?
Should I put the names of hospitals in my headline on Furnished Finder?
Keywords that are attractive in a mid-term rental headline
Who’s traveling months at a time to Kellie’s MTR properties?
How should I price my move-in fees such as deposit, cleaning fees and pet fees?
Should you screen every tenant?
Why a photo ID is valuable in the screening process
Kellie’s management style for her 15 MTRs
Utilize free tools when available:
Kellie uses Furnished Finder’s Tenant Tracking religiously
For accounting, Kelly uses the app Wave
Check out KeyCheck’s lease, documents and e-signature system
Should you try TurnoverBnB for cleanings?
Follow Kellie on Instagram, Facebook, YouTube Handle: @MsKellieMichele
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Website Links:
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Pricing Videos:
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Kellie’s Listings on Furnished Finder:
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