What actually fills a 30 day unit, the platforms or the phone calls
Two of the owners we work with are moving units to furnished 30 day minimums, and since my small service team handles those turnovers, I've spent the last few weeks trying to figure out where mid-term tenants actually come from. I got two completely different answers from two people I trust.
The first says it's platforms. List on the furnished rental sites, set a 30 night minimum on the nightly platforms so you catch the long-stay searches, put it on the traveling-nurse housing boards, and let volume do the work. Cost is your listing fees and your time writing descriptions. It scales, and you never have to sell anything to anybody.
The second says platforms are a lottery and the real business is relationships. Call the housing coordinators at the hospital systems, get on the vendor list with the relocation companies that serve local employers, and introduce yourself to the independent adjusters who place displaced families. Slower to build, but then the same three or four callers fill your unit every year without you touching a listing.
For beginners, which one do you tell someone to start with? The platform answer is easier to actually do on day one. The relationship answer looks better in year two if it works at all. I genuinely don't know which one I'd tell an owner to spend their first month on, and I'd rather ask than guess.
For a first mid-term unit, where should the first month of sourcing effort go?
17 votes