How much time/effort does it take to manage a MTR?

[Leo R.]

Hey folks,

Question for the medium term rental crew: how much time/effort does it take to self-manage a typical 1bd/1ba furnished MTR?

I realize the answer probably depends on lots of things (like the location, grade, etc.), but any info you can provide is appreciated...

I have lots of experience operating LTRs, a bit of experience running a STR, and no experience operating a MTR--but I'm thinking about trying it out! I assume operating a MTR is more time/effort consuming than running a LTR, but I'm wondering whether it's a just little more time/effort, or a LOT more time/effort?

Related questions: How long do tenants typically stay? Where are you finding most of your tenants, and how much time/effort is required to secure a tenant? How much vacancy happens in a typical year? What other things are important to consider before starting a MTR?

Thanks!

[Erin Spradlin]

@James Carlson @Leo R. - Thank you for the mention, James. 
Leo- If you have done LTR management, medium-term rental, self-management will be very similar. The reason for that is people looking for midterm rentals shop like short-term renters, but they act a lot more like long-term renters... and often they stay for 4+ months, 5+ months, etc. So, you really are not dealing with a ton of turn over or work. It's much easier than an STR and very similar to an LTR. Good luck!