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Updated over 2 years ago,

User Stats

9
Posts
3
Votes
Josh Kolbo
  • Investor
  • Santa Cruz, CA
3
Votes |
9
Posts

Differences in lease terms Mid-term rental vs Long term?

Josh Kolbo
  • Investor
  • Santa Cruz, CA
Posted

Hi All!

I am setting up 2 mid-term fully furnished rental 30 day+ units in Santa Cruz, CA. I have heard on some podcasts different things landlords have added into a mid-term lease that would differ from a long term lease like available on BP's resources. I am wondering what differences you have done and what worked well or didnt work well? 

Some examples I have heard were: ability to come in every 30 days to clean the unit, requiring no changes to decorations/furnishings, etc. 

Also, I am wondering what you normally have found to be the percent increase rent you can charge over a long term rental? Furnished Finder doesnt provide quality data on this in my market as most if it is stated has $2500+. AirDNA doesnt do much for the 30 day rentals.

Anything else to include or remove?

Thanks,

Josh!

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