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Updated 6 months ago, 07/01/2024
Thinking about mid-term rental
Hey everyone,
I own a SFH in Buda, TX (close to I35 near South Austin) in a vibrant and safe neighborhood. Usually, I rent my rooms for long-term rentals with a minimum 6-month lease. However, I've been having difficulty renting one of the rooms because I've noticed some of the potential renters are either super particular, end up wanting to live on their own or with one other person (I have one room currently rented), flake, or come up with an excuses for not meeting with me.
I've decided to explore mid-term renting through Airbnb, but I'm unsure of the best methods to get started. Initially, I didn't select this route because I'm not located in the central part of Austin, but I would like to give this a try since the room is fully furnished, but will require some bedding, artwork, and a desk. However, keep in mind, the renter will need to share a bathroom with the current tenant, and I've spoken with her about this, and she's fine with this arrangement.
First, I need to learn how to protect myself and my current tenant against some of the issues I've seen online where renters will stay past the date they're supposed to leave. Second, I'd like to know any specific marketing tactics and methods to screen potential renters. Third, I'd like to know what data I need to collect in order to write this off on taxes. Four, I'd like to know any additional information that will be helpful.
Thanx BP community in advance for any advice you'll give. I've gotten such great help from this community, and I've learned so much so far.