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Updated 3 months ago on . Most recent reply

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585
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Brett Deas
  • Colorado
423
Votes |
585
Posts

Need input from MTR landlords!

Brett Deas
  • Colorado
Posted

What is everyones biggest struggle with the current mid-term listing sites (furnished finders, Airbnb etc.)? 

I have been renting out mid-term for a long time but I'm wondering if everyone has the same problems I do with the current options. 

Most Popular Reply

User Stats

117
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143
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Miguel Del Mazo
  • Northeast Georgia
143
Votes |
117
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Miguel Del Mazo
  • Northeast Georgia
Replied

During the Battle of the Bulge in WWII, Gen. Anthony Clement "Nuts" McAuliffe rallied his troops saying, "Men, we are surrounded by the enemy. That means we have the greatest opportunity ever presented to an army. We can attack in any direction.”

One of the challenges in the MTR space is that we are nationally surrounded by so many opportunities, but not all of these are present in each region. That's why one poster can adore FF while another sees only a desert on the platform. The same is true for all of the other ways in which we source residents.


So what does mean practically? Take advantage of the need to get new residents more frequently than an LTR by experimenting right after you've filled a listing: change up the description on your platforms, try a new platform, raise the proposed rents, or practice reaching out to those "bad leads" of FF. When you have a lease for 3 months, you are free to "fail". Use the information you gain to narrow your focus for what is working for your market.

Most importantly, if something is working well for the folks you see here or on the podcast, but it doesn't work for you, don't despair. Sometimes, it's just your market. Keep adapting, keep trying, and keep attacking in every direction.

  • Miguel Del Mazo
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