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Updated 18 days ago, 12/10/2024
Medium-Term Rental Vs. Long Term Rental for a 2 bed/2 bath single family home.
I purchased a 2 bed, 2 bath home roughly 8-10 minutes from Downtown Phoenix. It was built in 2002, and I renovated the entire flooring by removing the original tile and putting Vinyl flooring in, there is no carpet within the house. I redid the master bathroom by removing the tub and putting in a standing shower with white granite looking tile, and a custom glass shower door. Replaced both toilets with brand new ones, replaced the 2 car- garage door with a brand new one, had all the walls freshly painted, put brand new baseboards in, and had the kitchen cabinets painted as well. The house is also furnished with a solid wood no spring couch, and a solid wood round dining table, and a king sized bedroom set in the master. My question is:
Is this house better off being rented long term for tenants or should I gravitate toward a midterm rental for possible traveling nurses or traveling professionals who want a cleaner, more up to date space, closer to downtown? I am thinking since it is only a 2 bedroom this may be a better choice versus trying to find a smaller family to rent it out too. Does anybody have any good experience with mid term rentals in phoenix?