Nomad sent emails telling the renters to move out (I was fine if the renters stayed).

But stay active doing SOMETHING.

All a mid-term rental is someone staying not permanently but longer than on vacation.

For example, I have a private lender that gives me 8-9% on the rate for rehab costs when I am usually getting about 10.25-11.25% on the rehab costs from hard money lenders, and the HML is not sending the full money upfront, but in draws (this is normal for most HML) which is a lot more cumbersome. 

Hey Marc - Offering free Netflix can be a nice bonus for guests and make your property more appealing, especially for longer stays.

While I have found MTR tenants who stay a year, most start month to month and just happen to extend. 

Because that is when the impacts are most felt of everything one has to do with the now pile of ashes. 90 days to do nothing forces people to engage with staying. 

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

You'll still need some liquidity for reserves and to be reimbursed for work completed in draws, however its usually limited to 10-20% of the rehab budget needed in reserves to make the deal work.You're welcome to DM for more details if interested. 👍 Good luck!

It’s about staying curious and paying attention to the way Dubai is reshaping itself, both for the residents and the global community watching.