Filling in Vacancies with STR Guests

[Brian Malavsky]

Hey all,

Last summer I transitioned from a LTR to MTR in my house-hacked duplex. Got my first tenants (traveling medical) and they have renewed 3! Great tenants and will hate to see them leave but they must move on due to tax laws of working in a state for more than 1 year.

I'm asking what is everyone's experience with trying to squeeze in STR guests in between MTR tenants. Is the juice worth the squeeze?

I don’t anticipate there being trouble with finding another MTR tenant but in case there is a lag, I would like to limit vacancies.

Thoughts?

[Zachary Deal]

I think it really depends on your market. If you have a very strong STR market and are in peak season you could generate quite a bit of revenue in a couple week gap between MTR guests. Since you already have an STR license for the property, it may be worth it to at least try and test the waters with an STR bookings and see how it goes.