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7 October 2024 | 11 replies
I was planning to use Furnished Finder to advertise the lisitng, but am wondering if Turbo Tenant would be a better option.
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9 October 2024 | 12 replies
you might even be able to MTR some of it while you're not there since it would be furnished for you.
6 October 2024 | 1 reply
We intend on doing 6-12 month furnished leases due to the neighborhood it's in.
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7 October 2024 | 4 replies
In connection with its duties, Qualified Intermediary shall be protected for acting or refraining from acting upon any written notice, request, consent, certificate, order, affidavit, letter, facsimile, email or other communication or document furnished to it under this Agreement and to have been signed or sent by Exchanger or any of its officers, attorneys, or other representatives, provided, however, that any instructions relating to disbursements of funds shall be subject to the provisions of Section 3.4 above and the Disbursement Instructions shall be signed by the taxpayer or submitted by the taxpayer online via the Software."
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6 October 2024 | 5 replies
However, since you mentioned this is a mid-term rental strategy, make sure to factor in vacancy rates, seasonal demand, and potential furnishing costs, which can be higher than long-term rentals.What you may also want to consider:Exit Strategy: If rates don’t drop within 12-18 months for your refi, what will your backup plan look like?
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4 October 2024 | 13 replies
Quote from @Erin Spradlin: I read somewhere that Mashvisor and Furnished Finder were going to combine data at some point to help support MTR listings.
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14 October 2024 | 420 replies
In the area, we determined that the it would be a good mid term rental and started marketing it as a furnished rental especially with some of the construction and events going on throughout the year.
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1 October 2024 | 12 replies
I'm looking to acquire a fully furnished property in Jacksonville, FL for use as a mid-term rental.
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7 October 2024 | 22 replies
Having been heavily in short term rentals for a while, I've found this to be about as much work up front, but we don't have to furnish, we don't have the management nightmares that STRs bring, we make as much or more cash flow, and we handle less maintenance than a traditional SFR.
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6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.