How to keep renting and survive

How to keep renting and survive

Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes

Unless you were in a place with no serious population of locals, the best way to keep renting out your furnished vacation rentals is not to chase a few nurses for a couple of months.

there are still a lot of people looking for rooms and apartments and homes.

I am mostly full, and the average furnished rental seems to last a number of months.

put your place is both rooms for rent and as the whole place on the following sites:

Craigslist, which is probably half the rental market. There are several categories you can stick it under. Make sure you also try to put it in neighboring areas to attract more people

turbotenant. They will stick your ad in many places. Note that some of the enquiries will not answer your responses. If you advertise rooms, some of the places they put it will interpret it as an apartment and lead to confused enquiries. Just explain that it is a furnished room for one and see if they're still interested

if you are dead set on getting back to short term rental quickly, which I think you might be shocked how bad that will be this year, then just make your Lisa with them month to month so you can push him out

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    I am doing well with renting to people within a 3 hours drive who are going stir crazy with their kids.

    They come to our lake house and can still work remotely, do their school work online and play on the lake.

    Better to be on vacation than in lock down.

    I have been offering deals to extend people who are currently staying when I have availability.

    I have been doing ok with back filling cancellations so far.

  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    6y

    I agree with Ken. If the market allows, try renting the property on a month-to-month basis. Even at a steep discount, you can at least pay your bills and survive until the market comes back, then open it back up for business.

    The DIY Landlord Book4.7243 Reviews
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