Room count for mid term rentals

[Ivan Aldana]

HI ALL, 

LOOKING FOR ADVICE ON BEST ROOM COUNT FOR A MID TERM RENTAL IN THE BAY AREA, CALIFORNIA? HOW MANY ROOMS WOULD BE ESSENTIAL FOR A HOME TO HAVE THAT'LL BE RENTED OUT FOR MIDTERM? ANYONE IN THE SAME BOAT ?

[Brandon P.]

Quote from @Bonnie Low:

This is a difficult question to answer because having a midterm rental doesn't equate to a certain room count or configuration. What determines that is the guest type you're going after. For example, most people think about marketing to travel nurses when they think about midterm rentals. They also assume the rent-by-room option is the best way to go because they can get multiple nurses to share a home so they want to buy a larger home, thinking they'll rent out all of the rooms and make more money. This rarely works out. Travel nurses almost always prefer their own space. They don't travel in packs and those who do travel with someone else almost always want their own private bathroom and they don't want to pay very much for their space. So if you were targeting travel nurses, I've found 1/1s and 2/1s are the most popular options. However, the field of potential MTR guests is so much broader than just travel nurses alone. Digital nomads, corporate travelers, construction workers, relocations, families experiencing an insurance claim and many, many more types of travelers are looking for furnished accommodations and they each have different requirements for what they're looking for. There is no one size fits all in the MTR space. If you already own a property, try to match it to a traveler type. If you're looking to buy a property, do your research first to find out what type of travelers are coming to your area so you can create a successful strategy. And be sure to research your competition so you know how crowded the field is and what the standard is for your area - this is information you can't afford to overlook.

I AGREE WITH THIS. :)