Mid-term rental investing fills the gap between short-term and long-term: furnished properties rented for stays of roughly 30 to 90 days, serving traveling professionals, relocating families, traveling nurses, insurance-displaced residents, and others needing temporary furnished housing.
Log in to followMid-term rentals keep getting pitched to me as the safer version of Airbnb, and the claim everywhere is that if you set your minimum stay to 30 days you're not a short term rental…
Page 14 of the HOA docs says no lease shorter than six months. That single line is the only reason I haven't written an offer, and I've now read it four times. The property is a 2…
I hold land and long leases and I move slowly, so what interests me about mid-term is the claim underneath the whole strategy. The pitch is that because most short-term ordinances…
Running a small service team, so I'm looking at this partly as something I might operate for owners and partly for myself. What I can't work out is the tooling. For nightly rental…
An operator I met through a local meetup asked me for 110,000 as a second position loan behind a 240,000 first. Interest only at 10%, two year term, one year extension option. Pro…
I've got a furnished 2 bed coming available in three weeks, 30 day minimum, mid-size market with a hospital and a decent amount of corporate traffic from two plants. My margin on…
First rental is close and I've read more about screening than about anything else, so of course I have a version of this question nobody I ask can agree on. The standard long-term…
I've been pricing out two furnishing packages for the same 2 bed unit and the gap is wider than I expected. The traveler package is around 6k, warehouse store beds, a couch that w…
I've run this spreadsheet three times and the answer changes every time, because I don't know what belongs in the occupancy row. Duplex, one side would be the test unit. Unfurnish…
First furnished unit, a 2 bedroom condo I bought last year and switched over from unfurnished. This is the part I got wrong and it wasn't the furniture or the pricing. I listed at…
I've mostly held land up to now, so the furnished rental side is unfamiliar to me. I'm looking at a two bedroom condo near a hospital and the mid-term math looks better than the l…
Clause 9 of the placement agreement on my desk lets the housing company terminate on seven days' written notice once the carrier closes the claim. Clause 11 lets them substitute o…
Low price points are my whole thing, so mid-term looks attractive because a $90,000 house with a $1,100 furnished rent is a much better ratio than anything in the city. Problem is…
I have a 2 bed 1 bath, 900 square feet, four blocks off a light rail line, under contract at 178k with 15% down. Furnishing budget 9,000. Unfurnished comps 1,400. Furnished 30 plu…
Renovation is my normal lane, so when the turn came between a 60 day tenant leaving and the next one arriving, I wanted to just do it myself. Four hours, strip beds, deep clean, c…
Running the numbers on a unit I've been modeling. Unfurnished market rent about $1,600. Furnished mid-term comps in the same building sit around $2,300, so a $700 premium. On pape…
I manage 40-odd doors of plain long-term rentals and my fee is 8% of collected rent plus one month leasing fee when a new tenant signs. That structure falls apart the second a uni…
Everything I read about mid-term rentals spends four paragraphs on the rent premium and one sentence on "marketing to the niche tenant base." That sentence is doing all the work a…
I've been mostly a land and long-term rental guy, two rentals, so this was my one experiment with furnished. A 3/2 ranch about twenty minutes from a regional medical center, alrea…
Nineteen weeks on a 4 unit building, all of it underwriting, none of it closing. Walked away two weeks ago. Writing it down because the thing that killed it was not on my checklis…