To 30 day stay - or to not

[Andrew Bosco]

I wanna hear the good, the bad and the ugly from everyone. Do you allow 30 day stays? Are you against them

[Erin Spradlin]

Quote from @Andrew Bosco:

I wanna hear the good, the bad and the ugly from everyone. Do you allow 30 day stays? Are you against them

@Andrew BoscoI LOVVVVE midterm rentals. We actually have the option to STR on a few of our properties and decline to do so because we make more money than an LTR on our medium-term rental with a lot less work than an STR.

The pros to medium-term rentals: high occupancy rate, no local regulation issues if you are 30+ days, elevated rents, more and more people are staying longer, often the midterm rental tenant pool is professional. 

The cons to medium-term rentals: I'm adamant that appreciation is what you mostly care about in real estate, and larger homes lend themselves to larger appreciation. That said, I think in the midterm space, a 3 bed/2 bath or smaller is ideal for the midterm rental tenant pool. And smaller properties aren't as good for appreciation.