Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Medium-Term Rentals
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

11
Posts
2
Votes
Curtis Harrison
  • Investor
  • UT
2
Votes |
11
Posts

4 bdrm furnished rental suggestions

Curtis Harrison
  • Investor
  • UT
Posted

I have a fully furnished four bedroom 2800 sqft rental in the Midvale, UT. area.  I'm looking at using furnished finder to fill the place up starting mid-April 2024. Does anybody have any recommendations or suggestions of other services I should try or good/ bad experiences using furnished finder? I'm all ears 🙂  also, what's a good rule of thumb for coming up with a good rate to charge. I believe if I did a long-term rental I could get about $2900 a month. I'm thinking I could get around $4000 a month doing the medium term rentals, especially since it is fully furnished. Am I undercutting myself or is that about the right amount to charge?

Most Popular Reply

User Stats

2,985
Posts
2,457
Votes
Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,457
Votes |
2,985
Posts
Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

As always, I concur with @Bonnie Low and @Jamie Banks. Padsplit may be a better resource for you to see if a by-the-room model is a better fit. I strongly suggest going to your local REI meetup. See if there are other MTR operators utilizing a by-the-room model and try to do some due diligence into the demand for that type of accommodation. It wouldn't work in my market, but my market is smaller.

Loading replies...