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Medium-Term Rentals
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Updated 12 months ago on . Most recent reply

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331
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322
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Andrew Bosco
  • Rental Property Investor
  • New Hampshire
322
Votes |
331
Posts

To 30 day stay - or to not

Andrew Bosco
  • Rental Property Investor
  • New Hampshire
Posted

I wanna hear the good, the bad and the ugly from everyone. Do you allow 30 day stays? Are you against them

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Andrew Bosco - Team Granite & Pine - Candor Realty
5.0 stars
18 Reviews

Most Popular Reply

User Stats

349
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374
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Erin Spradlin
  • Real Estate Consultant
  • Colorado Springs, CO
374
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349
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Erin Spradlin
  • Real Estate Consultant
  • Colorado Springs, CO
Replied
Quote from @Andrew Bosco:

I wanna hear the good, the bad and the ugly from everyone. Do you allow 30 day stays? Are you against them

@Andrew BoscoI LOVVVVE midterm rentals. We actually have the option to STR on a few of our properties and decline to do so because we make more money than an LTR on our medium-term rental with a lot less work than an STR.

The pros to medium-term rentals: high occupancy rate, no local regulation issues if you are 30+ days, elevated rents, more and more people are staying longer, often the midterm rental tenant pool is professional. 

The cons to medium-term rentals: I'm adamant that appreciation is what you mostly care about in real estate, and larger homes lend themselves to larger appreciation. That said, I think in the midterm space, a 3 bed/2 bath or smaller is ideal for the midterm rental tenant pool. And smaller properties aren't as good for appreciation. 

  • Erin Spradlin
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