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Updated 3 months ago on . Most recent reply

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Michael Fischer
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First time mid term rental.

Michael Fischer
Posted

Hey all

I am looking to rent our home out in the winter Jan - March/April. 

Wanted to find out what site ppl think is the best to use for this. Furniture finders was recommended to us. 
we are in Delaware beach area. Millsboro. 

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Lauren Kormylo
  • Rental Property Investor
  • Phoenix, AZ and Rehoboth Beach DE
978
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844
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Lauren Kormylo
  • Rental Property Investor
  • Phoenix, AZ and Rehoboth Beach DE
Replied

I have a vacation rental townhouse in Rehoboth that I tried to rent for the winter months last year on FF.  This is a very nice place that brings 15K-20K a month in the summer.  I had a few people interested only after I dropped the price down to $2100/month for a 4 Bed/3.5 Bath, utilities included, and I was the cheapest house in the area for that size on FF (we also allow dogs, which many don't).  I showed it in person twice, but neither decided to take it.  One was a medical professional couple working at Beebe, the other a family relocating and needing a place to stay while their house was built in Lewes.  I had another person try to bargain me down to $1700/month, and said she was moving out of her dad's house and so needed room to store boxes in the extra bedrooms.  Uh, no.  I would rather let it sit empty with no wear and tear than take $1700 a month and pay probably $300/month for heat in the winter.  I've found that FF guests are bargain hunters.  I decided not to list it on FF again, because I am not local to show it, and it hasn't been worth the effort.  But maybe you'll have better luck in Millsboro finding people who need to work temporarily in the area. Look at what else is for rent there on FF, and what they're charging. Keep track of them and see if any of them rent. One thing I didn't like about FF's calendar was that you can't define a time period that you will rent.  For instance, you can't block off May through December on your calendar - it will stay open and show as available to guests, and you'll need to explain in your description that you won't be renting it then.  

I just had an inquiry on Vrbo for 1.5 months, but they only wanted to pay about $1800, so I said no. I've heard that many people also rent midterm in the area on Airbnb.  They have a separate URL for longer stays, so you might try looking on there at your competition. https://www.airbnb.com/stays/monthly    One caveat on renting to someone having a house built, it often takes longer than planned, and you have a short definite window to rent (3-4 months).  So know that they might need to extend if you rent to them. 

New for 2025, just so you know, the state has enacted a short term rental tax of 4.5% on stays of 31 or fewer days.  You'll also need to obtain a license ($25) unless you only list on Airbnb or Vrbo, because they will collect and remit this tax for you.  FF will not do that, so you'll need the license if you want to rent there for 31 days or less.  This goes into effect Jan. 1st, but the state has not figured out the particulars and the license is not available yet.  We're still waiting to find out when we can apply and who we apply to, etc.  This tax applies to rental contracts entered into on Jan 1 and after.  If someone rents before Dec. 31st for next year, even if they only put a partial deposit down now, the tax does not apply to them.  Here's a link to the bill: https://beachrentals.penfedrealty.com/sites/default/files/ar...  

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