Converting from long-term to mid-term rental
We are converting our studio unit to a mid-term rental. First time, newbie here and was wondering if there were any guides or books others found helpful when setting up for the first time? I know it needs to be furnished and the kitchen outfitted, just not sure to what degree for mid-term. Here are a few questions I have:
Given the lack of info available online, should I just setup as if short term and follow direction on the guidance available online for STR's?
Also, advisable to use a month to month rental agreement?
How do I gauge a security deposit?
Lastly, what are the top sites to advertise on?
I appreciate any resources that have helped others when setting up for the first time.
Most Popular Reply
I'm also in midtown Sacramento and last year we completed an attic addition that we furnished as a 2-bed guest flat. It's been booked for 11 months straight! I listed it on Furnished Finder (mentioned above) and we direct people to book through Airbnb. Fees can turn some people off but I've found it worth it so far for the added protections and background reviews. We've had guests that found us through both sites. If you're comfortable allowing pets, I've found that to be a big selling factor. A lot of travelers have a high stipend for hotels but prefer to Airbnb for the yard and privacy.