San Jose, CA · Member since 2014 · 4 posts · 5 votes
I own a duplex in San Francico (Potrero hill). Does anyone have any experience with furnished mid term rentals? Is it more profitable than long term rentals? Is it worth the extra work? Thank you!
Realtor · Longmont, CO · Member since 2021 · 577 posts · 631 votes
3y
Rents for medium term rentals usually range from 1.5 times to 2 times the normal rent for a place. I would go on furnishedfinder.com which will allow you to look at MTR's in your area, see what they rent for, and see how many are "available now" vs at some point in the future. This will give you a great starting point in determining rent for your underwriting!
Realtor · Longmont, CO · Member since 2021 · 577 posts · 631 votes
3y
Rents for medium term rentals usually range from 1.5 times to 2 times the normal rent for a place. I would go on furnishedfinder.com which will allow you to look at MTR's in your area, see what they rent for, and see how many are "available now" vs at some point in the future. This will give you a great starting point in determining rent for your underwriting!
Property Manager · Los Angeles, CA · Member since 2022 · 590 posts · 463 votes
3y
Like Nathan said, MTRs will always rent for more than a LTR. You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market. Whether it’s worth the work, that’s up to you :)
New to Real Estate · Bay Area California · Member since 2022 · 178 posts · 69 votes
1y
Hi Zach. Did end up doing MTRs with your place in San Francisco? Do you work with a property manager or do you do everything yourself? I’d love to connect to hear more about your story as I’m just starting out and looking to do something similar in SF.