Longer-term STRs (28+ days)
Is anyone doing STRs exclusively for 28+ days?
I have an STR in Mesa, AZ, and got a longer-term tenant from January through February who is paying me close to $6k per month. This is about $1,500 more than I get with the normal nightly rentals. I actually had another tenant from March to June at about $5,500 per month, but I allowed them to cancel due to a terrible family tragedy that changed their plans.
Currently, I've restricted my rentals to be 28+ days to see if I can consistently get longer-term renters. It's a fairly decent home in an average neighborhood, but nothing special. I think I'm hoping to prove that those two bookings weren't some fluke (although one was cancelled).
Is anyone else doing 28+ days in a "normal" suburban neighborhood as an STR strategy?