Medium-Term Rentals
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 4 months ago, 08/02/2024
Help on renting a mid term rental in New Smyrna Beach
I'm working on helping some clients/friends of mine get their condo rented as a medium term rental, but not getting many hits on it, only one person that never answered me back after multiple calls and texts (stay has to be 30 days or longer).
The trouble I am having is there is no comps to look at in the immediate area, so I just took some comps that were miles away up further north, and subtracted a little bit since the area was located near more desirable restaurants and shopping. It has been about 2 weeks of having it listed on furnished finders, air bnb, booking.com, facebook marketplace, and the MLS. I have only got 1 person that requested at 3 am, but never answered me when I called/texted in the morning.
Has anyone run into this issue with not finding any comps and if so what did you do to find the right price and get it rented? I am lowering the price this week, but am just curious on how often it should be reduced if I'm not finding anyone in the medium term rental world? Any help is greatly appreciated, and I am also not looking to outsource to anyone, so thanks for wanting to inquire, but please provide some help alone if you have any
**Also side note there is not even comps for long term rentals in the area either, I am a realtor and have never seen something like this, I even went years back to see. It is a populated area, and not in the middle of nowhere either.**