Pricing furnished 30-90 day stays when the base fee structure is built for long-term rentals
Take a management book of plain long-term rentals charging 8% of collected rent plus one month leasing fee per new tenant. That structure breaks the moment a unit turns five times a year, because the leasing fee would eat the owner alive and 8% of gross doesn't cover the added coordination. Say two owners near a medical campus want to convert to furnished 30 to 90 day stays. A 2 bed renting unfurnished at 1,500 and a 1 bed at 1,150 could plausibly reach 2,200 and 1,700 furnished, based on comparable listings nearby. A fee sheet built for that shift typically leans toward 12% of collected rent, a flat 175 turn fee per stay covering the clean and inventory check, and a one time setup charge for furnishing and photographing the unit, with no leasing fee at all. The open questions worth pressure-testing: whether 12% actually covers the added phone time relative to a long-term tenant, and whether owners should get a vacancy number up front so they don't blame the manager in month four when a unit sits empty for three weeks. Setting that expectation badly early is far better than setting it well after the fact.