All Forum Posts by: Brian Barch

 maybe far travel, but you should get more local travel or people within driving distance.

From the podcasted referenced by OP:

“Analysis of the short term rental market in the Phoenix area shows that 65% of listings had less than 90 days of occupancy throughout the year.“

Seems like many of these operators are going to be in a dire financial position. 

Hey @Damon Aniton, first things first. There really isn't a thing as MTR. Anything over 30 days is a long term rental with a short lease time and should be treated as such.

You will need to have a real lease and do all the due diligence you would do on a LTR applicant.

MTRs are the new buzzword because people who don't really know much about running a STR keep making videos, posting blogs and articles about how it is all going to hell in a handbasket and you better get out now before you end up dead alongside the road. And hey!, here you can do MTRs now and make a ton of dough and it is super easy. Just sign up for our courses and you will be on your way!

Short stay long term rentals (see I just coined a term, SSLTR) can work just fine if you have it somewhere that it is needed. Near a major university, hospital or maybe a state capitol (rent to visiting legislators and staff).

In my area, a SSLTR isn't much of a thing. We are quite rural about 36 miles downlake from the nearest big town (if 50k people is big). But if you have both a school and major hospital nearby then it could work.

STRs work just fine if you are in the right area (vacation land), have lots of amenities, close to cool stuff and run a tight ship. We are on Lake Coeur d'Alene in north Idaho and we are booking pretty solid for 2023 and have 2 bookings for 2024. Not everyone is doing as well, but those that are on here are doing just fine for the most part.

Just remember it requires all the things you would do for a LTR, just with a shorter lease time. 3 months, 6 months etc.