Medium Term Length Pickiness?

[Tyler Haanen]

Hi all, 

My wife and I just started renting out our furnished unit the beginning of this year and were lucky enough to get a tenant in right at the start of the year until the middle of June 2023. With that being said, we have been acting a bit picky by only pursuing 3 month long stays or more with our current search for someone else. Should we not care as much and start including 1 month stays in consideration?

We are housing hacking a duplex with this strategy, so I suppose the turnover (though way less than an AirBNB) is what we are worried about since we do all the cleaning ourselves.

Our main focus has been reduction of vacancy. We have learned that it is way less comfortable for us to have AirBNB guests as opposed to medium term renters that we get to know more beforehand. (We had a 1 night AirBNB stay on New Year's Eve the day before our medium term tenant came in). We really want to just fill gaps as much as possible with 30+ day stays.

What are your strategies for filling vacancy gaps? Do you target FF leases first and then fill in with AirBNB? I find that we end up denying AirBNB longer stay requests because it leaves weird amount of gaps that would be easier to fill with a FF lease first and then with shorter AirBNBs.

Thank you for taking the time to respond.