Mid Term Rentals in Columbus

Rental Property Investor · Member since 2021 · 23 posts · 29 votes

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

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Joe Miller

Real Estate Broker · Columbus, OH · Member since 2021 · 203 posts · 247 votes

It is a great idea. I had a property right near Riverside that I ran as a Airbnb that KILLED it. I considered doing a mid-term but decided against it because airbnb was similar in my eyes and outperformed what mid-term projected.

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Michael Mason
Rental Property Investor · NY · Member since 2022 · 12 posts · 5 votes
4y
We own properties in Columbus. Have found that mid-term rentals do not have that much upside over normal one-year leases when taking into account turning of units and potential vacancy gaps. It's much easier to do with properties near OSU or close to downtown. OSU also has a number of property management offices who offer listings
0 Reply
Joe Miller
Real Estate Broker · Columbus, OH · Member since 2021 · 203 posts · 247 votes
4y
It is a great idea. I had a property right near Riverside that I ran as a Airbnb that KILLED it. I considered doing a mid-term but decided against it because airbnb was similar in my eyes and outperformed what mid-term projected.
7 Reply
Sonia N.
Rental Property Investor · Boston, MA · Member since 2020 · 45 posts · 38 votes
3y
Hi Shyd - Just curious if you ended up doing the MTR in Columbus? Currently wondering the same and would love to see how that went if you took the plunge.
3 Reply
Simon Ashbaugh
Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
3y
Quote from @Sonia N.:

Hi Shyd - Just curious if you ended up doing the MTR in Columbus? Currently wondering the same and would love to see how that went if you took the plunge.

Columbus can be good for mid terms, especially if you get next to a hospital. Maybe consider checking out Cleveland. MTRs can do very well up there because the have some of the best hospitals in the world
4 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
3y
Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

I have rented fully furnished rooms here in Columbus to college students and travel nurses. It has not been bad for me it has allowed me to make more on the room. I also have an Airbnb that people have asked to rent for a month at a time. So if you are interested in doing that I would be marketing it on Airbnb, Furnish Finders, and campus. Because you find a lot of people searching through those sites.
4 Reply
Alyssa Altonaga
Member since 2022 · 3 posts · 6 votes
3y
What area are you airbnbs in?
1 Reply
Sonia N.
Rental Property Investor · Boston, MA · Member since 2020 · 45 posts · 38 votes
3y
Quote from @Simon Ashbaugh:

Quote from @Sonia N.:

Hi Shyd - Just curious if you ended up doing the MTR in Columbus? Currently wondering the same and would love to see how that went if you took the plunge.

Columbus can be good for mid terms, especially if you get next to a hospital. Maybe consider checking out Cleveland. MTRs can do very well up there because the have some of the best hospitals in the world

Agreed. We're located 1/2 mile from Nationwide Children's Hospital so all the more curiosity on how people are faring in the furnished MTR space. We're currently only on AirBnb and Vrbo but seriously considering longer stays to get more occupancy.
2 Reply
Simon Ashbaugh
Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
3y
Quote from @Sonia N.:

Quote from @Simon Ashbaugh:

Quote from @Sonia N.:

Hi Shyd - Just curious if you ended up doing the MTR in Columbus? Currently wondering the same and would love to see how that went if you took the plunge.

Columbus can be good for mid terms, especially if you get next to a hospital. Maybe consider checking out Cleveland. MTRs can do very well up there because the have some of the best hospitals in the world

Agreed. We're located 1/2 mile from Nationwide Children's Hospital so all the more curiosity on how people are faring in the furnished MTR space. We're currently only on AirBnb and Vrbo but seriously considering longer stays to get more occupancy.

If its a double you could always try with on unit just to see!
2 Reply
Conner Olsen
Real Estate Agent · Austin, TX · Member since 2020 · 1k+ posts · 941 votes
3y
Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

My MTR gets more per month Airbnb than FF (even after fees) and books quicker. The market for MTR is way bigger than traveling nurses.
4 Reply
Sonia N.
Rental Property Investor · Boston, MA · Member since 2020 · 45 posts · 38 votes
3y
Quote from @Simon Ashbaugh:

Quote from @Sonia N.:

Quote from @Simon Ashbaugh:

Quote from @Sonia N.:

Hi Shyd - Just curious if you ended up doing the MTR in Columbus? Currently wondering the same and would love to see how that went if you took the plunge.

Columbus can be good for mid terms, especially if you get next to a hospital. Maybe consider checking out Cleveland. MTRs can do very well up there because the have some of the best hospitals in the world

Agreed. We're located 1/2 mile from Nationwide Children's Hospital so all the more curiosity on how people are faring in the furnished MTR space. We're currently only on AirBnb and Vrbo but seriously considering longer stays to get more occupancy.

If its a double you could always try with on unit just to see!

Funny you mention that. This one in Columbus is a SFH but I'm doing that for a duplex in Huntsville currently!
2 Reply
Sonia N.
Rental Property Investor · Boston, MA · Member since 2020 · 45 posts · 38 votes
3y
Quote from @Conner Olsen:

Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

My MTR gets more per month Airbnb than FF (even after fees) and books quicker. The market for MTR is way bigger than traveling nurses.

Hey Connor - This is for your Columbus properties? What other listing sources are you using (other than Furnished Finders) if you don't mind sharing?
1 Reply
Conner Olsen
Real Estate Agent · Austin, TX · Member since 2020 · 1k+ posts · 941 votes
3y
Quote from @Sonia N.:

Quote from @Conner Olsen:

Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

My MTR gets more per month Airbnb than FF (even after fees) and books quicker. The market for MTR is way bigger than traveling nurses.

Hey Connor - This is for your Columbus properties? What other listing sources are you using (other than Furnished Finders) if you don't mind sharing?

I don't have MTR properties in Columbus, just Austin, TX. FF, Airbnb, VRBO, FB Marketplace, FB groups.
1 Reply
Matthew Masoud
Investor · Orange County, CA · Member since 2014 · 363 posts · 408 votes
3y
I have 26 Mid-Term units in Dayton and Colombus and manage another 40.
It absolutely works. You just got to treat it like a business and get reservations from other sites and most importantly direct booking
0 Reply
Kusum Chanrai
San Francisco, CA · Member since 2016 · 75 posts · 26 votes
3y
Hi Columbus investors! Would anyone be kind enough to recommend a RE broker they really liked?
1 Reply
Jimmy LieuBusiness Member
Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
3y
Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.
Hi Shyd, I run some of my properties as mid-term rentals for travelling professionals outside of the healthcare industry, and I absolutely would love to help and discuss this further with you. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!
[email protected]614-300-7535
Jimmy Lieu, Red 1 Realty4.9120 Reviews
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3 Reply
Zach Edelman
Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
3y
MTRs are poised for success IMO in Columbus with the job growth that is transpiring there.
0 Reply
Trent Dues
Title Representative · Pittsburgh, PA · Member since 2023 · 82 posts · 51 votes
3y
Quote from @Kusum Chanrai:

Hi Columbus investors! Would anyone be kind enough to recommend a RE broker they really liked?

Hi Kusum, I would recommend talking with Scoot Mortgage, a broker with offices in Columbus and Pittsburgh. I've worked with them several times, and they are great to work with! https://www.scootmortgage.com/
2 Reply
Yiwei Cheng
Investor · Cincinnati, OH · Member since 2023 · 139 posts · 81 votes
3y
Quote from @Conner Olsen:

Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

My MTR gets more per month Airbnb than FF (even after fees) and books quicker. The market for MTR is way bigger than traveling nurses.

Yes I completely agree. Most people think it's just traveling nurses and being close to hospitals.
0 Reply
Cody M Byre
New to Real Estate · WA · Member since 2021 · 10 posts · 4 votes
3y
Do you just mean posting ads at the college campus? Or was there a website you were referring to?
0 Reply
Sherrie Dufault
SF Bay Area · Member since 2022 · 17 posts · 8 votes
3y
Quote from @Jimmy Lieu:

Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.
Hi Shyd, I run some of my properties as mid-term rentals for travelling professionals outside of the healthcare industry, and I absolutely would love to help and discuss this further with you. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!
Hi Jimmy, may I ask what areas you are in in Columbus for MTR? We are newbies and were looking for LTR, but have decided we would like to focus on MTR. Have heard mixed messages for MTR in Columbus, so would love to hear your thoughts as someone who has MTR in Columbus. Thanks!
1 Reply
Bonnie LowPro Member
Lender · Asheville, NC · Member since 2016 · 1k+ posts · 1k+ votes
3y
Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.
Indeed the world of people searching for midterm rentals is MUCH broader than just the travel nurse niche. I'm curious how the JP Morgan placement rep found and contacted you? Are you listed on Airbnb, FF, others?
[email protected]
1 Reply
Hansdieter Gewitsch
Member since 2023 · 1 post · 1 vote
3y
Columbus Ohio has ramped up their Construction in and around downtown. You should reach out to Kokosing Construction or ODOT- Ohio Department of Transportation. To see if they need housing for their workers, I'm sure they have a vast amount of out of town workers staying in Hotels. Just a helpful idea. Also with them building the new tech company out towards New Albany Ohio which is just Northeast of Columbus I'm sure there's plenty of contractors that will need housing as well.
1 Reply
Sherrie Dufault
SF Bay Area · Member since 2022 · 17 posts · 8 votes
3y
Quote from @Kusum Chanrai:

Hi Columbus investors! Would anyone be kind enough to recommend a RE broker they really liked?

Hi Kusum, I would definitely give Jon Styer a call. He is in Columbus, OH and I highly recommend him. He is the broker/owner. https://styerrep.com/
3 Reply
Jayson Cain
Lender · Manhattan Beach, CA · Member since 2017 · 423 posts · 268 votes
3y
Hi @Shyd Coloma,

I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.
3 Reply
Aileen Soriano-Pisaturo
Investor · RI · Member since 2023 · 4 posts · 11 votes
2y
Quote from @Shyd Coloma:

Hi Columbus investors. Anyone in the group running their properties as fully furnished mid-term rentals (outside of traveling nurse programs)? I recently received an inquiry about one of my properties from summer interns working for JPMorgan Chase and it got me thinking about what other traveling professionals outside of the healthcare industry are out there that we could market our property to. I’d love to connect with somone whose done this strategy for awhile and see how they run and advertise their mid-term rentals.

Hi Shyd, Im researching MTR in Columbus and found your post from 2 years ago. How has your experience been in the MTR market since?
1 Reply

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