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Updated almost 2 years ago on . Most recent reply
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STR to MTR --- Not Sure What To DO!!!
Hello,
I've got a short-term rental that just got up and running a few weeks ago. Things are going well as we head into the main season. But we just got an inquiry from a family to rent it for 3 months. We are interested in medium term rentals, but we didn't expect to get a request like this for our STR. We've done the math and know that we wouldn't make as much money on the MTR as the STR, but that assumes a good summer season, which we think will be strong in our area. Anyways, looking for some advice--should we go with the security of the MTR? Or should we test the main season to see how well we would do with the STR? (Keep in mind that this is our first season so we don't have numbers for what we can expect to make from the STR.)
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- Rental Property Investor
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Depending on where this home is this could be a scam. But if you want to take the booking just do a 3 month lease and on to the next! Really not much difference between mid term and short term other than a lease