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Updated about 3 years ago on . Most recent reply

Anna Delos Santos's profile image
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Anna Delos Santos
  • Member since Feb 15, 2021

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Anna Delos Santos's profile image
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Anna Delos Santos
  • Member since Feb 15, 2021
Anna Delos Santos
6
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25
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Medium-Term Rentals

Long term to medium term rentals

Anna Delos Santos
Posted

Hello,


i was wondering if it is worth switching from long term rental to medium term rental. I have a 3 units so doing one long term and possibly making one unit medium term. As I start to calculate adding utilities, internet, etc, I’m not sure I’m actually making more. For example, if a two bedroom rents long term for 2900 and tenant pays utilities  but if a tenant pays 3400 (maybe) for a medium term rental including utilities, It comes to about the same return but more turn over. Is it worth doing medium term? And is it minimum 30 days or 31 days for month to month for rent control/rso?

Los Angeles County, California
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Chris Seveney
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Chris Seveney
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Chris Seveney
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Chris Seveney
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@Anna Delos Santos

Personally I would say NO unless you are next door to a hospital.

  • Chris Seveney
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