Insights Needed: Growing Demand for Midterm Rentals in Portsmouth, VA

[Kyle Thomas]

Hey BP!

I've been diving into the idea of investing in midterm rentals in Portsmouth, VA, and surrounding areas like New Port at Victory, Cavalier Manor, and Waterview. I love the flexibility they offer for traveling professionals, military families, or folks in between moves.

My main questions:

1. Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?
2. What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?
3. Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

I’d love to hear your thoughts, especially if you’ve worked with midterm rentals or know the Portsmouth market well. Looking forward to the discussion!