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Updated about 1 month ago on . Most recent reply

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Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
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Traffic on Furnished Finder has tanked

Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted

Anyone else seeing a huge decrease in traffic from Furnished Finder? Our current tenant’s lease ends in 5 days, and we have no one lined up to replace them. This has never happened before in our 2 years of operating an MTR. We haven't increased rent in over a year. I'm also on AirBnb, VRBO, and Zillow, but most of our tenants come from FF.

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Colleen F.
  • Investor
  • Narragansett, RI
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

@Brock Freeman Hospitals always leaned toward hiring nurses locally for their consistent demand. Travel nursing was used to fill holes. Covid was a big hole and alot of nurses got into it, it was lucrative. Now it is not as lucrative and some of those who started are leaving. The good thing is that some have settled in areas they traveled to work bringing in new nurses to those areas. Much better for health care as a whole. Along with this alot of landlords got into midterm rentals and you also saw some people switch to MTR as STR laws came down on them. So there seem to be some areas where there is less MTR traffic and more competition for renters. I would say though that FF has made some changes in searches that I think are also impacting inquiries. Moving the map in and out is important for searchers if they use that feature.

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