• 145: Building Trust with Mid-Term Rentals Through Corporate Housing with Vivian Yip

  • Jun 10 2024
  • Duración: 50 m
  • Podcast

145: Building Trust with Mid-Term Rentals Through Corporate Housing with Vivian Yip Por arte de portada

145: Building Trust with Mid-Term Rentals Through Corporate Housing with Vivian Yip

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  • Short-term rentals may be trendy in real estate investing, but creating comfortable corporate mid-term rentals can be just as lucrative with the right formula. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Vivian Yip, a public speaker, hospitality coach, mid-term rental entrepreneur, and the founder of Corporate Rentals USA by Hestia. Vivian is on a mission to become the trusted brand in mid-term rentals. Jonathan and Vivian unpack her childhood experiences alongside her parents, who were also real estate investors. She explains how those experiences helped her when she decided to pursue real estate investing as an adult. You’ll hear about Vivian’s first real estate investment, which was a house hack, who she rents to today, and why she got off Airbnb. Vivian shares what drew her away from the corporate world and into full-time real estate investing, what she loves about the hospitality side of mid-term rentals, and why she decided to focus on mid-term rentals versus short-term or long-term rentals. Vivian also delves into the work required to create successful mid-term rentals, guest screening, and using property management tools to set up a system for her properties. Finally, Jonathan and Vivian discuss the lack of comfortable corporate housing, the appeal of mid-term amenities, and how Vivian ensures a quality property for her guests. She also explains what her companies, Hestia and Hestia 360, do. Vivian Yip wants Hestia to be the go-to name in mid-term rentals, and she outlines precisely how she is accomplishing that in this episode. In this episode, you will hear: Vivian Yip’s experiences with real estate alongside her parents as a childHow her experiences helped her when she decided to pursue real estate investing as an adultVivian’s decision to invest in Austin and how her first home there’s appreciation allowed her to pay it off quicklyWhy she’s still house-hacking, who she rents to, and why she got off AirbnbHer transition away from the corporate world into full-time real estate investingThe why behind Vivian’s drive to become an investorCreating hospitality and what makes it the key to successThe work required to create a successful short- or mid-term rental and the importance of screening guestsThe two property management tools Vivian uses to set up a property management system for her mid-term propertiesThe lack of comfortable corporate housing and what makes mid-term amenities so appealingThe self-audit Vivian offers all of her hosts to allow them to fill an amenity need and sends an inspector to every property to certify corporate housing standardsComponents she ensures are in every propertyEnsuring that an area is safe for tenants and how Vivian vets thatHestia and Hestia 360 and what each arm of the business doesLocation’s importance for mid-term rentals versus that of short-term rentalsWhat you should know about insurance staysVivian’s class that teaches realtors how to become experts in their markets Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/145/ to download it. Supporting Resources: Visit Vivian Yip’s website - vivianyip.com Corporate Rentals USA on YouTube - www.youtube.com/@CorporateRentalsUSA Find Vivian on Facebook - www.facebook.com/vivianyip.keller Vivian’s Instagram account - www.instagram.com/vivianyip_official Connect with Vivian on LinkedIn - www.linkedin.com/in/vivianyiptx Find Vivian on TikTok - tiktok.com/vivianyipofficial Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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