Property manager for medium term rentals

[Boffill Yosleys]

Hello folks ! I have a nicely remodeled house in the Highlands , Louisville Kentucky already furnished that I am looking to rent as a mid term rental. Any contact will be highly appreciated.Thanks.

[Nathan Gesner]

Quote from @Boffill Yosleys:

Hello folks ! I have a nicely remodeled house in the Highlands , Louisville Kentucky already furnished that I am looking to rent as a mid term rental. Any contact will be highly appreciated.Thanks.

Two things:

1. Anything rented longer than 30 days is legally a long-term rental. You should follow the law and best practices of long-term rentals, not short-term rentals.

2. It's hard to find a quality PM willing to take on MTR. The increased turnover requires increased work and the PM is going to charge accordingly.

[Andrew Bosco]

As Nathan said, for an MTR - expect their rate to be 12-20%. just be mindful of such!

[Zachary Deal]

Local REI meetups tend to be a good option to find good PMs (especially high touch MTR PM). You can also try posting on the classified section of BiggerPockets

[Erin Spradlin]

@Boffill Yosleys Yeah, the typical property management experience does not work for midterm rentals. It's hard for the PM to make their costs if they can't charge half the first month's rent, and charging half of the first month's rent won't work for the tenant landlord if each rental is only 3 months long. For this reason, I coach a lot of my midterm rental consulting clients to learn how to do Airbnb and Zillow and embrace self-property management. You can always get a PM after that if you are not successful doing it on your own. 

[Ronald L. Covington II]

Hello @Boffill Yosleys! How is your experience with the mid-term rental? I'm looking to use that model for my rental.  Any advice, best practices, pros/cons you'd be willing to share? I'd love to hear your input. Hope to hear from you soon!

[Jeremy Jareckyj]

Quote from @Boffill Yosleys:

Hello folks ! I have a nicely remodeled house in the Highlands , Louisville Kentucky already furnished that I am looking to rent as a mid term rental. Any contact will be highly appreciated.Thanks.

 A local Facebook page with real estate investors might be your best bet for receommendations

[Allen Duan]

I'll check my network for any MTR property managers or co hosts in Louisville. I own a MTR management company in Los Angeles and can attest to what others have said here. Most managers in this space focus on STRs and don't know how to market for MTR bookings.