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Updated over 1 year ago, 05/22/2023

User Stats

17
Posts
7
Votes
Luke Ostergaard
  • Investor
  • Mobile, AL
7
Votes |
17
Posts

Medium Term Rental Payment and Leasing

Luke Ostergaard
  • Investor
  • Mobile, AL
Posted

Hey BP community!

I am considering gearing my next unit towards travelling professionals and I have a couple of questions. 

1. Are you all typically taking payment up front or on a month by month basis? I assume this would depend largely on whether you are booking through AirBnB/VRBO or another source but I wanted to see ya'll's opinions.

2. What are some specific modifications I should make to the lease? I planned on listing on furnished finder then using a similar process for screening/application/lease signing but I figure the lease for a MTR vs. LTR should have some addenda specific to the shorter stay.

Thanks for all the help. I look forward to hearing your suggestions!

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