Mid-term (medium-term) vs. Short-term Rental Strategy

[Katie Miller]

Hello STR investors! I'm wondering how many of you invest in a tried and true short-term rental vs. a mid-term rental? If you do the mid-term thing, why? How did you first learn about it?

If you DON'T do the mid-term thing, why?

Looking forward to hearing opinions here!

[Trish Mccoy]

I personally love mid term rentals.  They are my favorite.  I would say 1/2 of my bookings are mid term.   I self manage so it is way less work for me. and I'm finding many times just as lucrative.   I just rented 4-5 months to 2 cal-fire pilots who are fighting wild fires in California.  There are two of them, but only one at a time.  12 days on, 12 days off - They work 9am - 9pm - perfect tenant.      I also rent to many people in transition - buying a house, insurance issues - where trees have fallen on their homes or fires.   Traveling nurses and doctors - so forth and so on.   I make them all sign a contract and collect security deposits and cleaning.   I think most of them find me on airbnb and vrbo.   I allow pets which gives me an advantage as many do not.