Monthly/mid-term rentals - how does it work?

[Michelle Herschend]

I have a property that I think would make a good month to month or 3 month rental. We have a lot of people selling their homes and having a gap before finding a new one, hospitals with traveling nurses, and other factors which make this type of property desirable in our area.

My question is… how does it work?

1. Do you collect the entire months rent up front?

2. Do you include utilities?

3. How much notice should the tenant give if they want to stay longer than a month?

I haven’t been able to find much info on this “in-between” niche so any advice is appreciated!