Medium term Rental airbnb and researching the approach

[Sarah Hansen]

Hey all!!

I've been trying to investigate MTRs vs. STR vs LTR. Just curious has anyone found a way to analyze revenue from MTR vs STR? And things such as the difference in taxes, insurance, cost of start up, cost of management, etc. I'm obviously digging into each of these bits. My thought was to have an AIRbnb and allow for both STR or MTR, but based on what I'm reading so far might be easier to instead have each unit be either just a STR or just MTR for the management company fees, taxes, and insurance sake? But also just figured I'd get an idea of how those of you who do MTR have gone about analyzing the value of it and doing the initial analysis phase. So lots of questions all in one. Just haven't been able to find much on MTRs. Obviously it feels like it's done less often so that's likely why.

[Jenn Richardson]

Determine which niche you're trying to attract to your MTR's. Some niches will pay significantly more than others i.e if you own property in a sunbelt state, you could attract snowbirds for 4-6 months of the year. I do MTR for 4-6 months and STR the remaining part of the year. Also look up monthly rates on VRBO and find some direct booking sites where an MTR guest would book directly with an owner and check their rates. Also, furnished finder and some sites that cater to "travel" health care staff.