All Forum Posts by: Erin Spradlin

Does anyone have a good property manager they can suggest in Sacramento? This likely would be for a midterm rental (or long-term unfurnished) and the property manager needs to be located in Sacramento. 

My aunt is in her late 80s and suffers from memory loss.

If anyone has a referral, please send it my way. 

 @Jeremy Jareckyj 100% agree with this. We manage all of our own medium-term rentals, but would never do an STR. Too much work.

@Orien Kuang - I think it's smart to try self property management on your midterm before paying 8-12% to have someone else do it. In my opinion, it is easy enough to do from afar as long as you have a relationship with a handyman, cleaner and a smart lock. (I don't recommend self property management on an STR. Too much work.)

My midterm rental occupancy rate is 92% and I usually get 40-65% above LTR unfurnished. Most of my midterm rental clients in Q1 are getting tenants within 17 days of going live. The timeline for this was longer during Q4. 

Depends on where you are located. If you have ample street parking and aren't in an area where the cars will get destroyed by hail, etc. than it is less of an issue. Some of your midterm rental tenants will still have difficulty believing parking is available (if they are from the cities), but for the most part- not a huge issue. 

 @Bonnie Low - Agree with Bonnie on this. Midterm Rental calculators don't exist because the mass data is hard to pull right now. I price my midterm rentals in Denver and Colorado Springs through a blend of rentometer.com, checking out the competition and paying attention to the season. It's still a bit complicated to get MTR pricing. 

@Johnson Best - Agree with this, there are huge gaps in insurance coverage for timelines between 31 days and 6 months. We have good products for under 30 days and over 6 months, but not a lot of great options for between. 

@Johnson Best

 @Wes D. I use Travelers and had insurance on the landlord, dwelling and personal property level (because if the place is furnished by you, you have to have insurance on it) and they didn't cover anything. There are exceptions if the tenants damage the furniture, even thought it is your furniture. They also will not make you whole for any pet damage whatsoever. My guess is they aren't the exception to the rule, so since then I've been very diligent in my midterm rentals about asking for a large deposit (midterm rental deposits should be equal to one month's rent or more).

@Rosemary Earl @Bill Schrimpf - That's a great question. Most places are rentable but have a pricing or marketing issue. Is the first photo the kitchen or the outside? It should not be of the bedroom. Are you pet-friendly (this will knock out 50% of your midterm rental competition). Is your rental set to 30+ days on Airbnb?

@John Cruz - I would list on Airbnb, Zillow and Zillow. I removed Airbnb from this Google Trends search because it depressed all the other searches because it is most popular in Hawaii. Outside of Airbnb though, Trulia is the clear winner. Trulia is owned by Zillow and if you list on Zillow, it will go to Trulia. The nice thing about listing furnished rentals on long-term, unfurnished sites it that people convert really well on them. Good luck. 

@Abigail VanLuvanee - I would recommend being on Airbnb and Zillow. Airbnb because it's for furnished rentals and Zillow because I've found people looking for unfurnished often convert quite fast when given a long-term furnished option. (Zillow tenants are also great because they tend to rent for longer periods of time.) I would avoid the niche sites that target a specific demographic because it limits your marketing and rental base. Hope that helps.