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Updated over 2 years ago,
2 BR/2.5 Bath Townhouse for Mid Term Rentals?
Hello everyone, I've been stalking this forum for a while, so helpful! This is my first post.
I am contemplating turning my renovated historic downtown rowhouse into a mid term (30+ days) rental while I am out of the country for a couple of years. It's a nice house located near a hospital, college, and military base. It has two dedicated parking spaces in an area where that is rare. I have some questions about this possibility, and I'd be grateful for your opinions.
* Are there enough mid-term tennants seeking a full house (2 beds, 2.5 baths) all for themselves that I could expect a good occupancy rate at fair market value?
* Is renting out each bedroom separately to mid-term renters a good idea? They would have to share entrances and the kitchen. I ask because most mid-term rentals around here are for single rooms or in-law suite type of situations.
Thanks in advance for your thoughts!