Mid Term Rental

[Scott Lorence]

New to mid-term rentals. Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.

Whom (at the hospital) would I contact to determine if there is a market for mid term rentals. Typically who pays the for the utilities?

What's the best way to go about this? Any information would be appreciated.

[Scott Lorence]

Quote from @Stanley Yeldell:

Hi Scott,

It sounds like you're in a great location for mid-term rentals! To determine if there’s a market at the hospital, I'd recommend reaching out to the hospital's housing coordinator or human resources department, as they often handle temporary housing for traveling medical staff or out-of-town employees. Another option would be to connect with the hospital's administrative offices, as they may have partnerships with local landlords for these types of accommodations.

Regarding utilities, in mid-term rental situations, it varies. Some landlords include utilities in the rent, while others may pass them on to tenants. Given the short-term nature of mid-term rentals, including utilities can make your property more attractive to potential tenants, but it’s essential to factor that into your overall rent pricing.

The best way to go about this is to ensure your listing is visible to your target audience. Websites like Furnished Finder and even hospital or university housing boards could be good starting points to market your property. Additionally, it’s a good idea to network with local real estate agents who specialize in short-term or mid-term rental markets.

Good luck with your new venture!

 Thank you! Working on finding a local agent and management company.