Mid-Term Rentals Article and Trends

[Zachary Deal]

Hi all,

I recently came across this article regarding Mid-Term rentals that I thought would be helpful to share here. It highlights a lot of the reoccurring themes that come up in this channel. One very interesting statistic they cited was that Mid-Term rental bookings are up 94% in 2023. I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.

Couple of key takeaways:

-Casting a wide net and not focusing only on traveling nurses for example

-Knowing your market and target clientele

-MTRs are ideal for corporate travelers

-How you operate your MTR is key to success (responsiveness to request, amenities, etc)

-Protect yourself with a security deposit and ensure your lease fits your property/market

Article: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...

Curious on everyone's thoughts on this article and overall market trends!