Looking to rent out a STR while I search for first deal

[Michael Guay]

Hi,

My business partner and I are looking to secure a multi-family house hack in the Boston area. We've been pre-approved and are currently interviewing other lenders & agents. While we wait to find our first deal to unfold, we are in need of housing in the Boston area as we both have jobs lined up in the city after our impending graduation from school.

Writing to ask if anyone on the forums is looking to make a deal for a medium/short term rental while we push the process forward. We both have good jobs, we just don't want to enter into a year-long lease agreement while we end up securing a deal in the next 2-3 months.

[Lien Vuong]

Airbnb units are great at the moment because there's definitely vacancies. You can also ask agents who have rental units that are long term but would be flexible for a month to month basis. I have two in mind that would be a good fit. What you should expect is that you're going to be paying higher that normal rental rates for short term has it's a higher risk for vacancy for tenants. Something to keep in mind. 

Good luck :)