Convert a STR to MTR/LTR

[Sam Liu]

I have a STR house in a resort town, but the city's new stricter policies have really cut into my revenue. I'm thinking about switching to MTR/LTR with furniture included. In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR. Has anyone else made this switch from STR to MTR/LTR? Did it lead to more damage to the furniture/property and end up lowering your ROI? I got an inquiry from a family with a mid-size dog.