Midterm rental websites
Looking to MTR our STR for the winter. Besides Furnished Finder, what are the other websites worth posting on for mid-term rentals? Any help and information is appreciated.
Quote from @Daniel Uchimoto:
Looking to MTR our STR for the winter. Besides Furnished Finder, what are the other websites worth posting on for mid-term rentals? Any help and information is appreciated.
A medium-term rental is just a long-term rental with a made-up name. They've existed forever and were always referred to as month-to-month rentals or long-term rentals. The same laws apply, you use the same lease agreement, and you advertise in the same places: zillow, realtor.com, apartments.com, furnishedfinder, zumper, etc.
Please don't let this unnecessary, made-up term confuse you.
@Daniel Uchimoto
There are some MTR specific sites in addition to Furnished Finders.
Check out kopa.co and consider listing on Airbnb with a 30 day minimum stay!
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Time to get with the times @Nathan Gesner. No matter how much you fight it, it's a thing. Not sure what's to be gained by resisting. I have both midterm and long term and they definitely are two different animals. To each his own.
Quote from @Bonnie Low:
Time to get with the times @Nathan Gesner. No matter how much you fight it, it's a thing. Not sure what's to be gained by resisting. I have both midterm and long term and they definitely are two different animals. To each his own.
LOL.. My thoughts exactly. You can even vary them in one building! I own a duplex. The top floor is long term and the bottom floor is medium term. I don't do short term. Yes. They are all different animals.
Quote from @Bonnie Low:
Time to get with the times @Nathan Gesner. No matter how much you fight it, it's a thing. Not sure what's to be gained by resisting. I have both midterm and long term and they definitely are two different animals. To each his own.
I don't disagree with the concept. In fact, I regularly rent properties furnished, with utilities included. Landlords have been doing it for decades.
My concern is that someone created this new term (medium-term rental) that was completely unnecessary and it's causing confusion. A large percentage of investors are managing them improperly, typically marketing and operating them like short-term rentals without realizing they are long-term rentals and long-term rental laws apply.
I'm just trying to keep people from getting themselves into a pickle, but the masses don't seem to care. I may lose the argument, but it won't be because I'm wrong. :)
"I may lose the argument, but it won't be because I'm wrong"
I'm gonna start using that while arguing/disagreeing with my wife. I'll report back and let you know how it turns out.
The #1 website that has been servicing the Mid-Term Rental and monthly stay market for over a decade is MonthlyRentalsByOwner.com
They don't charge service fees (like the big sites VRBO & AirBnB), plus you get immediate direct communication with the guest.
They only charge an annual subscroption up-front of $173/year per property, and that also gets you posted as well to their Snowbird website for monthly renters, www.AmericanSnowbird.com - all included in that one annual fee. The websites have been around since 2003, and regularly produce over 30,000+ monthly and multi-month/seasonal rental inquiries per year, the past two years.
Good luck to you.
Good day BPs
I'm looking for a mid-term rental mentor. Preferably in New Jersey but anywhere is better than nowhere?
Quote from @Nathan Gesner:
Quote from @Bonnie Low:
Time to get with the times @Nathan Gesner. No matter how much you fight it, it's a thing. Not sure what's to be gained by resisting. I have both midterm and long term and they definitely are two different animals. To each his own.
I don't disagree with the concept. In fact, I regularly rent properties furnished, with utilities included. Landlords have been doing it for decades.
My concern is that someone created this new term (medium-term rental) that was completely unnecessary and it's causing confusion. A large percentage of investors are managing them improperly, typically marketing and operating them like short-term rentals without realizing they are long-term rentals and long-term rental laws apply.
I'm just trying to keep people from getting themselves into a pickle, but the masses don't seem to care. I may lose the argument, but it won't be because I'm wrong. :)
Hi Nathan. I see this is an old post, but was hoping you could expand on the hazards of using STR platforms to advertise and book month to month rentals? I have a month to month rental that I list on traditional sites such as Zillow, realtor.com, etc, and have the tenant sign a lease. I want to explore listing on platforms such as airbnb and vrbo, but I don't think they allow you to have a lease the tenants sign. Does a month long stay on airbnb or vrbo open you up to different tenant's rights rules that would leave the property owner unprotected?
If there is a different set of rules once a tenant stays a month, and there isn't a way to have tenants sign a lease using STR listing platforms, then what protects medium term rental owners?
Quote from @David Kulbacki:
I have never heard of any platform restricting a guest from signing an agreement. We always did it. Even our short-term rentals had a rental agreement with policies for payment, penalties, rules, etc.
Here's something from AirBnB regarding rental agreements: https://www.airbnb.com/help/article/465