Mid Term Rental Scene in Boston?

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There's corporate tenants who will do this for you and furnish everything. Why not try that? You'll get more $ and less start up capital.

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Thinking of doing this with my four-unit in Jersey City and here are some scattered thoughts I've been considering:* Trying it with just one unit first before expanding to the whole building* Posting it for lease as a LTR and a MTR simultaneously, then seeing where the interest falls and buying the furnishings for MTR once demand is proven* Going to the local hospital to talk to employees there, and potentially put up flyersOverall, I think it is a great way to boost revenue and I agree with your intuition that the added work of self-managing is worth the squeeze compared to offloading to a property manager.

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@Ian Martin Boston is a great place for mid term rentals. In addition to posting on AirBnB and VRBO, I'd recommend reaching out directly to HR at hospitals and major employers in the area (LinkedIn or if you can find their email or phone number). They'll know who to connect you with and you might be able to build a partnership with them.I also found this, which might be helpful. Good luck!

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hey ian! if you wanna offload this, i’d be happy to chat about doing a corporate lease with you (& running it on airbnb/vrbo on the back end). otherwise, amelia mcgee and grace just came out with a mid term rental crash course that should be good. even though travel nursing is slowing down, there are def still tons of other people looking for MTRs. you could always throw it up on furnished finder (as a prospective furnished rental) to gauge interest.

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Hi; I recently moved to a different apartment than the one I was renting in Boston. Since my lease was still valid, I spoke to the landlord and she gave me permission to rent the apartment on airbnb. I contacted the city to apply for a STR license, but was told that I could not list the apartment as str if I was not the landlord. So I gave up and applied to MTR and found a tenant who wants to rent the apartment for 12 months from furnishedfinder. However, I applied to Furnishedfinder in person and listed the apartment as a sublease. I want to set up an LLC to sign an agreement with the future tenant. And I will make my new contract with the LLC. Do you think this is a good way? (because the amount I rent is higher than my rent and I will make a profit. Also, I don't want to do anything illegal, I want to run the business professionally. Besides that, does anyone know how I can get a STR license in boston without being a landlord? Would it help if I apply with LLC and clearly commercialize this arbitrage operation? Thanks

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Hi; I recently moved to a different apartment than the one I was renting in Boston. Since my lease was still valid, I spoke to the landlord and she gave me permission to rent the apartment on airbnb. I contacted the city to apply for a STR license, but was told that I could not list the apartment as str if I was not the landlord. So I gave up and applied to MTR and found a tenant who wants to rent the apartment for 12 months from furnishedfinder. However, I applied to Furnishedfinder in person and listed the apartment as a sublease. I want to set up an LLC to sign an agreement with the future tenant. And I will make my new contract with the LLC. Do you think this is a good way? (because the amount I rent is higher than my rent and I will make a profit. Also, I don't want to do anything illegal, I want to run the business professionally. Besides that, does anyone know how I can get a STR license in boston without being a landlord? Would it help if I apply with LLC and clearly commercialize this arbitrage operation? Thanks

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@Lien Vuong do you know how to get in touch with corporate tenants to do this? Is there a service to contact?

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Yes! I do this m. Multiple strategies you can use like rent by room too. I lost on furnished finder and Airbnb There’s also insurance companies you can reach out too. My property is in the North Shore but I can send you the unmatched leads I’m getting on furnished finder.what is the typical long term rent for your units?

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Hi Ian,I wonder how it worked out for you? It seems like there is not much info on the BP forums for mid term rentals in the Boston area. Does it make sense from your experiace? The long term rentals are pretty strong in the area but can you really ~1.5x your rental income if you do mid term furnished rentals in Boston?

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Hey Jessie, I'll send you a DM.