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Updated 3 months ago on . Most recent reply

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Aditya Kohli
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36
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How to find mid term rentals for 3Bed 2 bath property?

Aditya Kohli
Posted

Hey all, 

Starting to pivot from STR to MTR strategy for my 3Bed 2 bath house (close proximity to 1-2 big hospitals ). I have been on furnished finder and started to talk to travel nurses but mostly find 1 or 2 nurses traveling at a time and my pricing is slightly beyond their budget. Any tips on how can i find a bigger group to rent to on monthly basis ?

Most Popular Reply

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2,465
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
3,856
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

It's worth reaching out to Corporate Housing Groups (most HR Departments at large employers have this division as well as Relocation Companies that you can find via an internet search) to offer your property as a 30-day furnished rental. If you're near a medical and/or law school, monthly rentals are preferred by those who are preparing for board exams over vacation rentals as well as by visiting professors.  My family was an investor in a Corporate Housing designated complex and it turned out to be very profitable. Also, custom builders are always looking for temporary housing for their clients who are building new homes or doing major renovations. They issue for them has always been getting caught between a long-term lease which isn't needed and/or a vacation rental that is just too transient.  I think you have a temporary marketing issue that has the potential for turning into something pretty great.  Hope this helps...

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