Vacant Midterm Rental in Roseville

[Robert Love]

Hi BP friends,

Over a week ago, I  listed a 4/3 furnished home in Roseville.   So far no one has inquired. I have it listed on FurnishedFinder, AirBnB,  Zillow, and a few other places.  

I can’t have it vacant for long and am willing to go with a longterm renter if I don’t get any inquiries soon.  But I would prefer to keep it a furnished midterm rental property.  

Any suggestions?  

How do go about making contacts at insurance companies or corporate relocation agencies?  I am willing to do the work building relationships.  

Any tips would be greatly appreciated.

Thanks!

[Scott Scoville]

Hey Robert, I have a lot of experience with MTR's. I'd love to chat over the phone and answer any questions if you'd like. DM me.

[Tim Johnson]

Sometimes folks are reluctant to rent a home that doesn't have any reviews.  You might consider lowering your rates, just to entice some guests to stay and leave reviews.  If short term stays are allowed in your area, that might be another strategy to get some good reviews before switching back to a medium-term strategy. 

[Noah Laker]

Hey Robert, we manage over 100 STR/MTR and some LTR properties. Happy to review your listing and give any pointers.

[Zachary Deal]

Have you tried listing it on Facebook? Local or national groups could be a good option. Lowering the pricing initially to get some reviews and traction is also probably a smart strategy. Good luck! 

[Sabrina Calnan]

@Robert Love I'm curious If you did some market research to determine if there's a market for midterm rentals in your area. I've worked with a lot of midterm rentals and I do find the larger houses much harder to fill. Most corporate relocations and temporary medical workers require smaller units. I've always had good success with midterm rentals on Airbnb - You just have to make your settings to attract a midterm renter. Here is my ambassador link if you would like someone to walk you through it: Sign up to host on Airbnb and use the extra income to fund your passions. Here’s my invitation link: https://www.airbnb.com/r/sabrinac1973?s=39&t=131c0j

Here are a few other places you might try (disclaimer, this is not my list)

AHRN.COM...military housing

TACARES.COM..for displaced families

TEMPORARYHOUSINGDIRECTORY.COM (THD)..for displaced families.

CATALE.COM..for displaced families

ALESOLUTIONS...for displaced families

TRAVEL NURSE HOUSING RENTALS by LANDLORD (FB)

CORPORATE HOUSING FURNISHED RENTAL LANDLORDS and TRAVELERS (FB)

FURNISHED MONTHELY SHORT TERM RENTAL (FB)

TRAVEL NURSING CIRTRU(.COM)

PREMIER INSURANCE HOUSING..

APARTMENTS.COM...

ZILLOW..

FURNISHED FINDER...

FLXLEASE.COM..

NURSEBNB.COM..

.TEXAS RISK SOLUTIONS...

PRIESTON AND ASSOCIATES..

BROKERAGE SERVICES INTERNATIONAL...

NEW ENGLAND CLAIMS SERVICES..

VALICENT INSURURANCE SERVICES, INC..

[Robert Love]

Quote from @Tim Johnson:

Sometimes folks are reluctant to rent a home that doesn't have any reviews.  You might consider lowering your rates, just to entice some guests to stay and leave reviews.  If short term stays are allowed in your area, that might be another strategy to get some good reviews before switching back to a medium-term strategy. 

[Robert Love]

Quote from @Robert Love:

Quote from @Tim Johnson:

Sometimes folks are reluctant to rent a home that doesn't have any reviews.  You might consider lowering your rates, just to entice some guests to stay and leave reviews.  If short term stays are allowed in your area, that might be another strategy to get some good reviews before switching back to a medium-term strategy. 

Hi Tim,
I lowered the rent and now have a tenant. Just booked this afternoon . Thanks!

[Robert Love]

Quote from @Noah Laker:

Hey Robert, we manage over 100 STR/MTR and some LTR properties. Happy to review your listing and give any pointers.

 Thanks, Noah!

[Robert Love]

Quote from @Sabrina Calnan:

@Robert Love I'm curious If you did some market research to determine if there's a market for midterm rentals in your area. I've worked with a lot of midterm rentals and I do find the larger houses much harder to fill. Most corporate relocations and temporary medical workers require smaller units. I've always had good success with midterm rentals on Airbnb - You just have to make your settings to attract a midterm renter. Here is my ambassador link if you would like someone to walk you through it: Sign up to host on Airbnb and use the extra income to fund your passions. Here’s my invitation link: https://www.airbnb.com/r/sabrinac1973?s=39&t=131c0j

Here are a few other places you might try (disclaimer, this is not my list)

AHRN.COM...military housing

TACARES.COM..for displaced families

TEMPORARYHOUSINGDIRECTORY.COM (THD)..for displaced families.

CATALE.COM..for displaced families

ALESOLUTIONS...for displaced families

TRAVEL NURSE HOUSING RENTALS by LANDLORD (FB)

CORPORATE HOUSING FURNISHED RENTAL LANDLORDS and TRAVELERS (FB)

FURNISHED MONTHELY SHORT TERM RENTAL (FB)

TRAVEL NURSING CIRTRU(.COM)

PREMIER INSURANCE HOUSING..

APARTMENTS.COM...

ZILLOW..

FURNISHED FINDER...

FLXLEASE.COM..

NURSEBNB.COM..

.TEXAS RISK SOLUTIONS...

PRIESTON AND ASSOCIATES..

BROKERAGE SERVICES INTERNATIONAL...

NEW ENGLAND CLAIMS SERVICES..

VALICENT INSURURANCE SERVICES, INC..

 Thank you, Sabrina.  Interestingly, the minute I put the ad on Airbnb, I got an inquiry, and I am booked for 30 days out, which is great.  

Thank you for the links to the other sources. I will definitely try and tap into those.  

Appreciate your help!

[James Carlson]

@Robert Love

You might reach out to @Erin Spradlin. She does midterm rental consulting. 

[Bonnie Low]

It's not unusual for it to take 30 days or so to land your first midterm rental. The market is smaller than that for STRs and it typically takes longer. People also tend to take longer to make decisions on a place they're going to stay in longer. Before listing your property did you research the market? Is it already pretty saturated? Given the population of Roseville and it's proximity to Sac, which also has a ton of properties available for longer stays, I would imagine there's a lot of competition. You have to have a standout property in a market like that. You've got to be spot on with your design, decor and amenities so really evaluate your property honestly in comparison to your competition and ask if it's going to be a page one listing. If not, what can you do to make it so?

If you haven't already, I'd reach out to Craftsman Housing. They're in your area and are a middle man with insurance bookings and are often sourcing properties from other owners. 

Be patient and good luck!

[Robert Love]

Quote from @Bonnie Low:

It's not unusual for it to take 30 days or so to land your first midterm rental. The market is smaller than that for STRs and it typically takes longer. People also tend to take longer to make decisions on a place they're going to stay in longer. Before listing your property did you research the market? Is it already pretty saturated? Given the population of Roseville and it's proximity to Sac, which also has a ton of properties available for longer stays, I would imagine there's a lot of competition. You have to have a standout property in a market like that. You've got to be spot on with your design, decor and amenities so really evaluate your property honestly in comparison to your competition and ask if it's going to be a page one listing. If not, what can you do to make it so?

If you haven't already, I'd reach out to Craftsman Housing. They're in your area and are a middle man with insurance bookings and are often sourcing properties from other owners. 

Be patient and good luck!

 Thanks for the tips, Bonnie. I will reach out to Craftsman Housing.  Good to know!  

[Robert Love]

Update:

First, thank you, everyone for your helpful advice.  I am learning from all of you, and one day I hope to be a source of wisdom for those who post here.

Since I  last posted, I have had two parties sign up on Airbnb for the place, so I am booked till the end of June.  I was getting worried that I may have made a mistake in investing in a furnished unit but am now breathing a sigh of relief. It's rewarding and encouraging to see an experiment like this pass it's first test. 

I priced the home fairly aggressively to test the market.  After reading responses here, I lowered it and found a tenant once I listed the property on Airbnb. Originally, I only had it on Furnished Finder.  Airbnb has yielded more inquiries, to be but I will keep the property listed on both.

Now that I have three consecutive months booked, I will continue to study the market, make improvements to the home, and do the best I can to provide great service to those who are staying the home.

I am hoping to get good reviews.

Thanks again for sharing, everyone.