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Updated over 1 year ago on . Most recent reply

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Bailey Kramer
  • Rental Property Investor
  • Durham, NC
250
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Best property size for a mid term rental

Bailey Kramer
  • Rental Property Investor
  • Durham, NC
Posted

When it comes to mid-term rentals, there's not just 1 "ideal" bedroom/bathroom count configuration!  Here's what I've found from my experience.

1-2 Bedrooms: A Haven for Traveling Nurses

After housing a bunch of traveling nurses, I found that 1-2 bedroom houses (or apts) reign supreme!  The majority of these professionals travel solo or with their partners, with only a rare exception involving children. 


The #1 driving force behind their search for housing? Affordability and safety.

These nurses are on the hunt for a comfortable, affordable space that feels like home, and they prioritize safety and proximity to their workplace. A 1-2 bedroom property nestled in a secure location becomes a perfect spot for traveling nurses!

3-4 Bedrooms: Housing Displaced Families, Insurance Contracts, and Contractors

I've found that 3-4 bedroom houses are perfect for attracting displaced families, insurance contracts, families moving into the area, housing contractors, etc.

From my experience, the 3-4 bedroom count is perfect for these types of avatars.  The most important factor though that i've seen with this group of people is......... THE BATHROOMS!

2+ Bathrooms: The Game-Changer

Irrespective of the bedroom count, there's a universal truth that's emerged – having 2 or more bathrooms is an absolute game-changer. I've observed this firsthand, especially with construction workers who appreciate the luxury of multiple bathrooms. It's a small but impactful detail that fosters convenience and harmony among tenants sharing a space!!

*This is just my observation from my experience.  This is not FACT, rather my opinion from experience*  I would love to hear your thoughts and experiences below!

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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
1,794
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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
Replied

I have to agree with your break down on these property types. I'd add digital nomads to the 1-2 bedroom scenario and I'd add construction workers to the 3+ bedroom scenario, but with a couple of caveats. Your relocating families and insurance placements are going to expect all the comforts of home but, generally speaking, won't trash the place. As @Allen Duan mentioned, construction workers can be really, really hard on your property - both indoors and outdoors. They typically come in messy from a long day working, which translates to dirty floors, walls, linens and furniture. They need a place to put dirty workboots, work clothing and equipment. They also typically need parking for large vehicles and equipment/construction trailers. It is going to be hard to bounce back and forth between construction/relocation/insurance placements. You'll need hardier furnishings for construction workers, less frills and decor, and ideally you'll have a fenced yard that's ok to park work vehicles, construction trailers and equipment. You may even get rotating shifts with your construction workers. For example, if your property sleeps 4, you may get 8 renters - rotating shifts in the bedrooms. My husband's company did this for years with their construction crews. Just know that there's a lot more wear and tear, furnish and price your property appropriately and probably don't try to target multiple guest avatars. Renting to construction workers can be lucrative, but it's rarely compatible with other guest avatars.

  • Bonnie Low
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