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Updated about 1 year ago on . Most recent reply

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Matt Wignall
Pro Member
  • Superior, WI
5
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Mid-Term Rental 3-Month Lease Superior, WI/Duluth, MN

Matt Wignall
Pro Member
  • Superior, WI
Posted

I have a fully furnished home in Superior, WI.  4bd/2ba 2200 sq ft

Should I include…..

Utilities?  All of them/Some of them

Bedding?  Do I need to supply sheets, Blankets and Pillows?

How do I structure the utilities in the lease?  Do I pay up to a certain amount?  Heat/electric avg is $150-200/ mo.   internet is $70, TV is $150(dish).

I’m planning on using a PM Company.  they do not typically do furnished rentals.

Was thinking of renting $1800-$2000 12 mo. Lease, unfinished and $2200-$2400 3 mo lease furnished.

Anyone have any insight or suggestions I’d really appreciate it!  I currently have 3 LTR unfinished, this would be my first Short/Mid Term rental.

Thank you!

  • Matt Wignall
  • Most Popular Reply

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    Bruce Woodruff
    Pro Member
    #1 Contractors Contributor
    • Contractor/Investor/Consultant
    • West Valley Phoenix
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    Bruce Woodruff
    Pro Member
    #1 Contractors Contributor
    • Contractor/Investor/Consultant
    • West Valley Phoenix
    Replied

    For a Medium -Term rental like this, it would be typical to have it furnished. Traveling nurses, construction workers, etc...are not going to want to find furniture....

    You would pay utilities as well. This is just like a STR except the guests are staying a bit longer.

    Be aware that this will give the 'guests' tenant rights, so make sure you screen correctly, you don't want to have to evict someone......

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