MTR beginner Qs thanks!

[Xiang J.]

Just about to start monthly MTRs, A few quick questions:

1. Do you usually screen tenant (credit score, income etc) just like the LTRs? Or do you look at corporate letters and collect whole rent (1-3 months?) and let it go?

2. How to post on VRBO or Airbnb for MTRs? Do you set min stay as 30 days and that’s it? What about their dynamic pricing that could result in difference vs FurnishedFinding?

3. Any other good platforms to post ads or insurance relocation etc websites?

thanks a lot!

[Allen Duan]

Screen whenever you can, there's no reason not to. How much screening you do is the better question. Since these stays are shorter than LTR, it makes sense that tenants expect a less burdensome application process. For example, we do background checks but no proof of income/employment check. It's a business decision for you to make, everything has pros and cons.

Yes, just list on STR sites with 30 day minimum, simple and done. STR dynamic pricing tools aren't optimal for MTRs. You need to figure out our pricing strategy and use available tools to do what you want. Don't try to set it and forget it. This is a bad practice for STRs and even worse for MTRs.