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Updated about 1 year ago on . Most recent reply
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South Glens Falls, NY 1br/1ba Rental - Short or Long Term?
We have a 1br/1ba unit ready to rent in South Glens Falls, NY. It's in a duplex with it's own parking spot and w/d in unit. I'm wondering if it would be worth it to furnish it and list it as a short term rental particularly for traveling nurses. Or better to do a regular 12 month lease. The Glens Falls hospital is 0.9 miles away. Looking for advice from locals who have STR's in the area, but also general advice about deciding to focus on furnished rentals near a hospital. Thanks in advance!
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Quote from @Lisa Graesser:
Do you have a way of finding out if that hospital employ's travelers? Not all hospitals have travelers and It can be very cyclical. A 1/1 would definitely be in demand if there is a demand for travelers in your area, especially if you allow a pet. Also you can go to Furnished finders and see if there are other places available in your area that are trying the same concept, if they are booked and what they are getting for rents.
Thanks everyone for your responses! I think after considering the cost of furnishing, and short amount of time we have to research and confirm whether or not a STR would be a better bet, we are going to list it as a LTR.