Determine monthly rate for str

[Erik J Courson]

Hi everyone! I recently purchased a house in Panama City Beach, FL, listed in May and have enjoyed a wonderful summer season.  I've been at nearly 100% occupancy, averaging just over $450/nt.

I've received an inquiry from someone that wants to stay a couple of months sometime from Nov-Feb (they're flexible), and I'd like to at least entertain the idea of a longer term stay during the slower winter months. 

Since I don't have a sloe season under my belt yet, I can only do some research and guess what my occupancy and revenue might be.

I don't think I'd be terribly disappointed if it didn't work out and am trying to figure out that sweet spot of earning more money than I otherwise might without scaring them off.

anyone else been in a similar situation? Am I crazy for even entertaining a longer-term stay?

[John Underwood]

I would do it with a lease to cover dates as long as they prepay for the entire stay.