Midterm Rentals in Dallas-Fort Worth

[Mo Karim]

With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors. 

What has been your experience with midterm rentals in DFW?

Do you manage it yourself or hire a PM?

[Denver McClure]

Hey @Mo Karim, I've had a very positive experience operating a MTR in Dallas. I converted my STR back in December to avoid the newly increased Hotel Occupancy Tax (9% monthly) and to cut out my STR PM (10%/monthly). I used furnished finder and keycheck to find tenants, screen them, and collect rent/security deposits.

I now have a 6-month lease signed with a tenant, am avoiding higher vacancy during this recessionary period, cut out 19% of expenses, and have far less headaches. I strongly recommend flexing into the MTR strategy, especially if you already have a furnished STR ready to go.