2020 was a beast of a year.
Who would have thought that tourism would come to a complete stop?
But it did.
And here’s the thing.
There’s a category of business travel that’s considered essential.
It’s made up of government contractors, military personal, healthcare professionals, and construction workers.
Yes, plumbers are essential!
And these folks make up a segment of the mobile workforce that needs furnished rentals.
How I Stayed 100% Booked in 2020
As the graphic above shows, I used a variety of strategies to avoid vacancies.
I used online travel agencies such as: Airbnb, vrbo, FurnishedFinder and Traveler’s Haven
I also used Facebook/messenger, word-of mouth, our company’s website, and Craigslist to reach different audiences.
And the things I re-learned are this:
- You need a variety of marketing tactics to reach essential workers, and
- If you know how to out market your competition, you won’t have vacancies.
Did you know…
If you want to start a profitable rental business…
… or make more money with the rentals you currently have
… then you need to take a close look at this.
Housing the mobile workforce that needs month-to-month furnished rentals is both a recession-proof and pandemic-proof business model.
In fact, since eviction moratoriums are now a thing, extended stay landlording is less risky than working with traditional tenants.
Extended stays are the safest and most profitable way to operate a rental home without burning yourself out.
More Prosperity – Your Decision
You can set up a furnished rental business that caters to essential workers.
And you can create a steady cash flow stream that is scalable, recession-proof and pandemic-proof. I help people do this all the time.
This concept is so powerful that you don’t even need to own a rental to make money with it.
So, if you’re looking for a way to add cashflow in 2021, let me encourage you to make the decision to serve essential workers on extended assignments.
Do you agree or disagree? Please leave a comment.