Landlord Diaries - The Monthly Rentals Podcast

He Doubled This Rental from $3,500 to $7,000 a Month - Owner Had No Idea!

Furnished Finder Season 14 Episode 167

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 37:14

He found a mid-term rental listed at $3,500 a month and knew it was worth nearly double. After taking over management, that property was renting consistently for $6,500 to $7,000 a month. In this episode of Landlord Diaries, David Kamenetsky of DOMA Luxe Properties shares what it actually takes to turn a struggling monthly rental into a high performer. Most landlords assume the market is the problem when bookings slow down. The truth is the answer is almost always inside the operation: pricing, design, photography, tenant targeting, and how quickly you respond to leads. Today we break down exactly how to diagnose what is broken in an underperforming furnished rental and what to fix first. 

If you are a real estate investor, a landlord trying to escape the grind of short term rentals, a long term landlord looking for more cash flow, or someone exploring passive income and financial freedom through monthly rentals, this episode gives you a real operator's playbook.


What you will learn in this episode:

  • Why most underperforming rentals are an operations problem, not a market problem
  • How to spot the gap between what your listing says and what the market will actually pay
  • The three things to check first when bookings stall: design, photography, and pricing
  • Why transparent pricing wins more tenants than hidden fees ever will
  • The low cost upgrades that move occupancy the most
  • The mindset shift that separates landlords who grow from landlords who stay stuck


Whether you have one rental that is not pulling its weight or you are setting up your first midterm rental and want to get it right from day one, this episode shows you what to actually look at and what to change.


Furnished Finder is the trusted platform for monthly midterm rentals, connecting landlords directly with vetted tenants searching for stays of 30 days or more. List Your Property on Furnished Finder today and use code LLD10 for $10 off new listings. https://www.furnishedfinder.com/list-your-property


Timestamps

0:00 Welcome to Landlord Diaries, the Monthly Rentals Podcast
1:05 How David spotted a real opportunity in the monthly rental space
2:10 What David learned as a house flipper & realtor that still pays off
3:20 Inside David's 50 property portfolio and what he manages today
4:20 The floor plan that quietly outperforms everything else
6:25 What David evaluates before taking on a new rental property
8:30 Why demand is not the problem and what to fix
11:00 Validate your market with Furnished Finder Market Insights
12:00 The $3,500 listing David doubled to $7,000 a month
14:20 Owners reaction to nearly doubling the rent
16:40 The 1st thing to check when a monthly rental is underperforming
20:25 What new landlords get wrong before they even list
23:15 How to set up a monthly rental the right way & what to avoid
25:20 Why mindset matters in this business and how David gives back
28:30 Rapid fire: dream property type, the amenity landlords underestimate, the low cost upgrade that moves the needle


Trending Monthly Midterm Rental Resources:

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


David's Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?id=1858c83-496c-ab2-98c-81fa46


Meet your hosts Kelly Bailey and Katie Lyon, plus catch up on past episodes:

https://www.furnishedfinder.com/resources/podcast


Topics covered: monthly rentals, midterm rentals, furnished rentals, property management, struggling rental turnaround, real estate investing, passive income, financial freedom, insurance housing, traveling medical professionals, relocation housing, landlord tips, Furnished Finder

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.