{"id":149493,"date":"2023-04-05T12:41:54","date_gmt":"2023-04-05T18:41:54","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?post_type=phase-level-3&#038;p=149493"},"modified":"2023-04-05T12:41:57","modified_gmt":"2023-04-05T18:41:57","slug":"long-term-vs-mid-term-vs-short-term-renters","status":"publish","type":"phase-level-3","link":"https:\/\/www.biggerpockets.com\/blog\/long-term-vs-mid-term-vs-short-term-renters","title":{"rendered":"Long-Term, Mid-Term, and Short-Term Renters: Which Tenant is Best for Your Real Estate Investing Goals?"},"content":{"rendered":"\n<div class=\"wp-block-cover is-light has-level3-cover-style\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-white-background-color has-background-dim-100 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<figure class=\"wp-block-image size-full has-level3-rounded-figure\"><img loading=\"lazy\" decoding=\"async\" width=\"772\" height=\"454\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/02\/landlord-type.jpg\" alt=\"\" class=\"wp-image-146764\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/02\/landlord-type.jpg 772w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/02\/landlord-type-300x176.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/02\/landlord-type-768x452.jpg 768w\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" \/><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Do you want to be a <mark style=\"background-color:rgba(0, 0, 0, 0);color:#089f4b\" class=\"has-inline-color\">landlord?<\/mark><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This requires tenants, and just like everything else in real estate investing, you have options. What type of types of tenants are you looking for: long-term, mid-term, or short-term renters? Each tenant type has pros and cons, and helps investors achieve specific real estate investing goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this post, we\u2019ll talk about who long-, mid-, and short-term renters are, the benefits and challenges of each, and which type of renter aligns best with your real estate investing strategy and goals:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#long\">Long-term renters<\/a><\/li>\n\n\n\n<li><a href=\"#mid\">Mid-term renters<\/a><\/li>\n\n\n\n<li><a href=\"#short\">Short-term renters<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s get started!<\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-cover is-light has-level3-cover-style\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-white-background-color has-background-dim-100 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"long\">Long-Term Renters<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A long-term tenant is a person or a family who rents a property for an extended period of time, typically for a year or more. They sign a lease agreement, make a long-term commitment to the property, pay rent regularly, and have the option to renew the lease. They provide a stable income for landlords and real estate investors, and help to minimize vacancies. As long as your tenants pay every month, that\u2019s guaranteed rental income in your pocket. Not only is this great passive income, but it also makes your life easier when budgeting for maintenance and repairs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Long-term rental properties make up most of the real estate market and are often the easiest to manage. Since long-term tenants consider the property their home, they\u2019re more likely to take better care of it by keeping it clean and doing yard work. As an added bonus, long-term tenants pay for their utilities, while mid-term and short-term tenants don\u2019t.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few more benefits, and a couple of drawbacks, to investing in long-term rentals:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: Stability<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With proper vetting, long-term tenants provide you with a steady, stable rental income with minimal turnover. Even if you bring in a new tenant at the end of each 12-month lease, that\u2019s still only one turnover per year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: Easy to finance&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Because of their stability, long-term rental properties are easier to finance. Real estate investors may even receive better interest rate offers and financing terms to do so.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: More affordable property management<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you hire a property management company for your long-term rental, you won\u2019t pay them the 30% or more you would if you ran a vacation rental. Many property management companies charge a fee between <a href=\"https:\/\/www.biggerpockets.com\/blog\/2013-10-24-understanding-basics-property-management\" target=\"_blank\">8% and 10%<\/a> of the monthly rent for long-term rentals. When there are other fees to consider, that\u2019s a third of the price of a company managing a short-term rental.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Less return on investment (ROI)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Long-term rental investors generally make less than short- and mid-term rental owners. In some cases, short-term landlords can charge $300, $400, or more per night. Long-term landlords don\u2019t have the same luxury.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, because long-term rental investors lock in tenants for at least 12 months, they have fewer opportunities to raise rents.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Property maintenance projects can be more difficult<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s harder to identify and repair minor property issues before they become major renovation projects when you have tenants living in the property for a year or more at a time. You can give tenants proper notice that you\u2019re going to inspect a property quarterly, biannually, or annually, but you won\u2019t have as much flexibility to work on maintenance projects in the property as you would with other tenant types.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Potentially terrible tenants<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Even the best tenant screening processes cannot fully predict the future behaviors of tenants. Bad tenants can wreak havoc on a property, constantly complain, or be regularly late on making rent payments (or miss them altogether). Renting to bad tenants is often expensive and time-consuming, even when you can evict them.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How long-term renters align with your real estate investing goals<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Long-term renters are fantastic for investors who want extra steady, passive income or additional cash flow. Long-term rentals require real estate investors to play the long game to maximize their returns. However, the longer you play, the more money you\u2019re going to make\u2014and there are three key reasons why:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Your principal pay down and equity accelerate<\/strong>: While your monthly mortgage payment remains the same each year for your loan, you pay more toward your principal every month. The more you pay down, the more equity you\u2019ll have. For example, if you take out a 30-year loan at $300,000 with a 5% interest rate, your first mortgage payment only covers $360.46 of your principal. 15 years later, the number swells to $758.75.<\/li>\n\n\n\n<li><strong>Appreciation accumulates<\/strong>: Despite the dips and market cycles, <a href=\"https:\/\/www.biggerpockets.com\/blog\/2015-03-09-case-holding-rentals-long-term\" target=\"_blank\">property generally appreciates<\/a> over time. If your $300,000 property appreciates by an average of just 2% per year, it\u2019ll be worth $306,000 one year later, $331,224 in five years, and $403,760 in fifteen! That\u2019s over $100k in equity that required no work on your end.&nbsp;<\/li>\n\n\n\n<li><strong>Rent prices outpace inflation<\/strong>: Historically, rent costs increase<a href=\"https:\/\/money.com\/rent-prices-vs-mortgage-increase-inflation\/\" target=\"_blank\" rel=\"noopener\"> faster than inflation<\/a>. While 2022 saw unusual increases in both, average long-term rental prices went up 14%, while inflation hovered around 7%.<\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group has-slate-200-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center has-theme-slate-dark-color has-text-color\">More from BiggerPockets: 2024 State of Real Estate Investing Report<\/h2>\n\n\n\n<div class=\"wp-block-media-text has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-top\" style=\"grid-template-columns:auto 43%\"><div class=\"wp-block-media-text__content\">\n<p class=\"has-theme-slate-dark-color has-text-color wp-block-paragraph\">After more than a decade of clearly favorable investing conditions, market dynamics have shifted. Conditions for investment are now more nuanced, and more uncertain. Download the 2024 State of Real Estate Investing report written by Dave Meyer, to <strong>find out which strategies and tactics are best suited to win in 2024.<\/strong>\u00a0<\/p>\n\n\n\n<div x-data=\"frictionlessSignupForm()\" class=\"button-account-type aligncenter\">\n\n  \n\n  <!-- Guest Button -->\n      <template x-if=\"!$store.wp.isMember()\">              <button x-on:click=\"$store.wp.displaySignupPrompt()\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\">Sign up to download<\/button>\n          <\/template>  \n  <!-- Free Member Button -->\n      <template x-if=\"$store.wp.isMember() &#038;&#038; !$store.wp.isPaidMember()\">              <a href=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/11\/BP_State-of-REI_2024-final.pdf\" target=\"_blank\" x-on:click=\"window.analytics.track(&#039;SMARTER | Carrot Download | SOREI 2024&#039;, {\n            referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/long-term-vs-mid-term-vs-short-term-renters&#039;,\n            account_type: &#039;free&#039;,\n          });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\">Download<\/a>\n          <\/template>  \n  <!-- Pro Member Button -->\n      <template x-if=\"$store.wp.isPaidMember()\">      <a href=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/11\/BP_State-of-REI_2024-final.pdf\" target=\"_blank\" x-on:click=\"window.analytics.track(&#039;SMARTER | Carrot Download | SOREI 2024&#039;, {\n          referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/long-term-vs-mid-term-vs-short-term-renters&#039;,\n          account_type: &#039;pro&#039;,\n        });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\">Download<\/a>\n    <\/template>  \n  <!-- Frictionless Popup -->\n  <\/div>\n<\/div><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"600\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/11\/MiniAnnouncement.png\" alt=\"\" class=\"wp-image-162917 size-full\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/11\/MiniAnnouncement.png 680w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/11\/MiniAnnouncement-300x265.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-cover is-light has-level3-cover-style\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-white-background-color has-background-dim-100 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"mid\">Mid-Term Renters<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term renters are the least common of the three tenant types. A mid-term rental is usually a furnished property that rents over 30 days but less than a year.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term rentals can be ideal if you invest in college towns, large cities, and areas where seasonal work or medical campuses are common. Some of the most common types of tenants of mid-term rentals include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business professionals who frequently travel for work<\/li>\n\n\n\n<li>Digital nomads<\/li>\n\n\n\n<li>Traveling nurses<\/li>\n\n\n\n<li>Seasonal workers<\/li>\n\n\n\n<li>Families moving to a new city<\/li>\n\n\n\n<li>Students<\/li>\n\n\n\n<li>Interns<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term rental investors often experience many of the pros and cons of both long-term and short-term investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: There\u2019s a growing demand for mid-term rentals<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The dramatic increase in people working from home or remotely allows them to visit other places and work in new locations. Mid-term rentals are usually more affordable than short-term rentals, and can be more desirable for anyone looking to take a longer trip while still on the clock.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: More stability than short-term tenants, more flexibility than long-term tenants<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term tenants have longer leases than short-term tenants. Guaranteed rental income on a month-to-month basis provides much more predictability in rental income than just receiving it days at a time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term rental property owners have more opportunities to make repairs between tenants and raise rents. If you\u2019re in an area that gets popular during certain times of the year, you can increase your rates accordingly. You lack this flexibility with long-term tenants.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: Better tenant management<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While there\u2019s no guarantee, mid-term tenants are more likely to treat your property like they would their home, since they\u2019ll be there awhile. This means your property will experience less wear and tear and may require less maintenance and repairs. The same can\u2019t be said for short-term tenants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you end up with a terrible tenant, you don\u2019t have to go through the expensive eviction process to get rid of them. Instead, you can simply opt out of renewing their lease when their stay is up.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: More tenants, more turnover<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of having the same tenants for an entire year, mid-term rental property investors work with many tenants and experience much higher turnover. You\u2019ll spend more time cleaning, repairing, and finding new tenants.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Furnishings and appliances are all required<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term rentals come fully furnished. While your tenants may consider it their temporary home, they\u2019re not bringing their bed and futon. You have to fully furnish your rental and make sure it comes with everything someone will use in their daily life (serveware, lights, a coffee maker, etc.).&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Vacancy gaps<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Depending on your circumstances, your rental may be vacant for weeks or even months at a time. During this time, you\u2019ll lose money.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How mid-term renters align with your real estate investing goals<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mid-term rentals require a more significant time investment than long-term properties, but don\u2019t aren\u2019t as demanding as short-term rentals. However, like short-term rentals, mid-term properties need to be fully furnished with all the amenities your tenants may need.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you live in an area that attracts the types of tenants we listed above, running a mid-term rental could be a great way to earn passive income. If you want to run multiple rentals, it could mean the start of a new career.&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-cover is-light has-level3-cover-style\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-white-background-color has-background-dim-100 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"short\">Short-Term Renters<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.biggerpockets.com\/short-term-rental-strategy\" target=\"_blank\">Short-term renters<\/a> are individuals or groups of people who rent a property for a short period of time, typically nightly or weekly for up to 30 days. With the advent of sites like <a href=\"https:\/\/www.vrbo.com\/\" target=\"_blank\" rel=\"noopener\">VRBO<\/a> and <a href=\"https:\/\/airbnb.com\/\" target=\"_blank\" rel=\"noopener\">Airbnb<\/a>, more and more real estate investors are realizing the true potential of short-term rental.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s not uncommon for short-term rentals to bring in 2x \u2013 3x more money than a long-term rental. However, if you want to enjoy those kinds of profit margins, you\u2019ve got to do the work. Unless you\u2019re paying for a short-term rental management company to do all the work (and take a substantial cut), you\u2019ve got to devote a lot of time to making sure your rental property is booked, cleaned, and ready for guests.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the pros and cons of running short-term rental properties:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: Perfect for high tourist areas<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Short-term rentals are frequently referred to as \u201cvacation rentals\u201d because they typically cater to travelers. They\u2019re also a great alternative to hotels, which tend to be smaller, more expensive, and less \u201chomey.\u201d&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: Flexibility<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Short-term rental property owners are used to having guests stay for short periods, can change their rent prices based on demand, and can inspect the property frequently when they\u2019re between guests. Long-term renters lack this flexibility.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pro: High profit potential<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Of the three options, you\u2019re likely to make the most money with a short-term rental. Let\u2019s assume Joe, Kristen, and Mike all own identical one-bedroom apartments in the city. Joe\u2019s long-term tenant pays $2,000\/mo, Kristen\u2019s mid-term tenant pays $750\/wk, and Mike\u2019s short-term tenants pay an average of $220\/day. Kristen only needs tenants for three weeks out of the month to make more than Joe, while Mike surpasses Joe in just ten days.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Inconsistent income<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite their high-profit potential, short-term rentals have the most inconsistent income of the three tenant types. You may be fully booked for one month, then vacant for half the next. It all depends on your ability to attract guests and their experience when they\u2019re there.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Stricter rental laws<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since their stays are short, guests are less likely to treat short-term rentals with the same care they have for their own homes. Parties, noise complaints, and destruction of property are more frequent. Many cities, HOAs, and vacation destinations have strict rental laws because of the number of guests that come through them. Other areas limit the number of short-term rentals allowed to operate in a specific area or are only allowed to operate for a set number of days out of the year.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Con: Most high maintenance of the tenant types<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Like mid-term rentals, short-term rentals must come fully furnished\u2014and you\u2019ll pay utility bills. You\u2019re also responsible for booking guests, ensuring they have keys, and cleaning the property every few days between guests. If you own multiple properties, this can quickly become a full-time job. If you opt to hire a property management company instead, you should expect to hand them 30% of the profits, plus extra for additional fees (e.g. bookings, repairs, marketing costs, etc.).&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How short-term renters align with your real estate investing goals<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Short-term renters are the most time-consuming and restrictive of the tenant types. Still, it can be an incredibly lucrative investment if you\u2019re looking for a career shift or work with a fantastic <a href=\"https:\/\/www.biggerpockets.com\/blog\/property-manager-questions\" target=\"_blank\">property management company<\/a>. Once you have a good rhythm, you can expand by purchasing more short-term rentals and boost your profits.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Short-term tenants may be your best option if you want to fast-track your financial independence.&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n    \n  <div id=\"visibility-group-block_645a6bdeee4bd\" class=\"visibility-group  \">\n        \n\n<div class=\"wp-block-group has-slate-900-color has-transparent-background-color has-text-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n    \n  <div \n    x-data=\"frictionlessSignupForm()\" \n    id=\"frictionless_signup-block_63e2dd30bd880\" \n    class=\"items-center frictionless_signup flex flex-col\">\n\n    <div class=\"flex flex-col\" :class=\"{'hidden' : !isSignedUp, 'flex' : isSignedUp}\">\n      <span class=\"flex justify-center text-4xl text-center font-bold\">Thank you for signing up!<\/span>\n      <span class=\"flex justify-center text-lg text-center\">Create your account password at Biggerpockets.com\/signup or by clicking the link we sent via email.<\/span>\n    <\/div>\n\n    <div class=\"flex-col\" :class=\"{'hidden' : isSignedUp, 'flex' : !isSignedUp}\">\n      <span class=\"flex justify-center text-4xl text-center font-bold\">Interested in more free real estate investing content?<\/span>\n      <span class=\"flex justify-center text-lg text-center\">Create a free BiggerPockets account to get access to additional resources, our 3x weekly newsletter, and 5 free analysis reports.<\/span>\n    <\/div>\n\n    <div class=\"w-full sm:w-fit py-8 flex-col sm:flex-row gap-4\" :class=\"{'hidden' : isSignedUp, 'flex' : !isSignedUp}\">\n      <div class=\"sm:w-48 flex flex-col\">\n        <label for=\"investorTypeDD\" class=\"flex-1\">Investor Type<\/label>\n        <select id=\"investorTypeDD\" x-model=\"investorType\" class=\"flex-initial h-9 w-full focus-visible:outline-none border-gray-400 text-black\">\n          <option value=\"investor\">Investor<\/option>\n          <option value=\"agent\">Agent<\/option>\n          <option value=\"lender\">Lender<\/option>\n          <option value=\"company\">Company<\/option>\n        <\/select>\n      <\/div>\n\n      <div class=\"flex flex-col\">\n        <label for=\"investorEmailAddress\" class=\"flex-1\">Email address<\/label>\n        <div class=\"flex-initial h-9 w-full\">\n          <input\n            id=\"investorEmailAddress\"\n            x-model=\"email\"\n            type=\"text\"\n            placeholder=\"Your Email\"\n            class=\"lg:w-80 w-full rounded-l-sm grow focus-visible:outline-none\"\n            :class=\"{'border-red-500' : errors, 'border-gray-400' : !errors}\"\n          \/>\n          <div x-show=\"errors\" x-cloak class=\"absolute text-red-500 text-sm\">\n            <div class=\"flex items-center\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-4 w-4\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M12 8v4m0 4h.01M21 12a9 9 0 11-18 0 9 9 0 0118 0z\" \/>\n              <\/svg>\n              <span x-text=\"errors\" class=\"ml-2\"><\/span>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n\n      <div class=\"mt-4 sm:mt-0 items-center flex flex-col-reverse\">\n        <button x-on:click=\"submit()\" class=\"flex-initial w-28 border-none rounded-l-none rounded-r-sm  inline-block no-underlinehas-background has-theme-blue-background-color has-text-color has-white-color px-3 py-1\"> \n          Sign Up        <\/button>\n      <\/div>\n\n    <\/div>\n\n    <div class=\"justify-center\" :class=\"{'hidden' : isSignedUp, 'flex' : !isSignedUp}\">\n      <span class=\"text-sm  text-center\">\n        By signing up, you agree to the BiggerPockets\n        <a href=\"https:\/\/www.biggerpockets.com\/terms\" class=\"no-underline\" target=\"_blank\">Terms &#038; 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