Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Differences in lease terms Mid-term rental vs Long term?
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!