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63
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22
Votes
Kim Gray
22
Votes |
63
Posts

STRs, Mid-Term Rentals & Revenue Options

Kim Gray
Posted

Happy Thursday everyone. Three more observations from the self-managing side of rental property.

 Three Landlord Tips
        1.      Listing on Airbnb does not mean you are compliant.
Short term rental regulations are set at the city and county level. Some markets require permits, licenses, or tax registrations before your first guest checks in. Platform approval is not local approval.
        2.      Every rental strategy comes with a different operational burden.
Long term rentals, mid term rentals, and short term rentals can all be profitable. The question is not which one earns the most. The question is which one fits your goals, market, and tolerance for management.
        3.      Mid term rentals are an option most landlords never consider.
Platforms like Furnished Finder connect landlords with traveling professionals looking for furnished housing on assignments ranging from one to twelve months. Predictable stays. Professional tenants. Less turnover than nightly rentals.

 Two Things To Think About
• The landlord who knows their options is rarely stuck with bad ones.
• Every revenue stream your property could generate is one you chose — or chose to ignore.

 One Question
Have you ever considered mid term or short term rentals for a property? What stopped you or what made you try it?
Looking forward to hearing your answers.