Mid-term Rental in Bloomington Indiana

[Hayden Steger]

Investment Info:

Small multi-family (2-4 units) other investment in Grover.

My previous boss and mentor had two studio apartments that were sitting vacant for a long time. I rented both, furnished them, and listed them on mid-term rental sites like Furnished Finder. After rent, utilities, and supplies are paid for, I average approximately $1,150 per month in cashflow.

What made you interested in investing in this type of deal?

I wanted to find an investment strategy that would provide more cashflow than a traditional long term rental, but I wanted it to be lower maintenance than a short term rental.