What's the landscape in Austin, TX for mid-term rentals?

Question

I have a property that i've been doing LTRs on and want to turn it into a MTR. Was wondering how can I gage the need in Austin TX and whether now is a good time to turn my LTR into a mid-term.

Thanks,

Andrew Street · Answer

That’s a great question! The demand for MTRs in Austin has been quite steady, especially with travel nurses, contractors, and people relocating for tech jobs. A good way to gauge interest is to check Furnished Finder and Facebook housing groups for Austin to see how often listings are getting inquiries and what average rates look like.

If your property is in a good location (near hospitals, downtown, or major employers), it could be a great time to make the switch. We’ve helped a few owners transition from LTR to MTR, and once the setup and pricing are right, occupancy usually follows pretty quickly.

Alyssa Marquez · Answer

I'm not sure why I wouldn't do that first. MTRs have reasonable demand out of hospitals/tech in Austin/relocations but need to show a large profit margin compared to what it takes: utilities, furnishing and risk of vacancy/ turnover to offset the labor, etc.. I would price similar properties as you do for furnished finder or others available locally in your area and see how long they're sitting out there. If the MTR deal is really strong compared to your LTRs it wouldn't take long to do a pilot of that and you could alwaysswitch back.

Austin Clarence · Answer

@David Ivy

Isidoro Leon · Answer

Hmmmm, I see a 2/2 apartment in the Slaughter/Menchaca area of South Austin that has been advertised on Zillow by a real estate agent for just shy of 4 months now without a single inquiry let alone an actual application. It is a regular one year lease type property. Mine has been on the market for 6 months and, though I have had over a dozen submitted applicants, all have been way too high risk so it's sitting vacant. Not sure how MTR would work for this area.

Thomas Talbert · Answer

That is interesting you are having that issue do long-term management here in Austin and I think we have seen a dip in the volume of rental applications certainly as we're going into the winter months but we are still approving applicants at our normal acceptance rate. Meaning that we are still accepting about 60% of the applicants that apply. Zillow In my opinion is a great source for leads but you must kiss a lot of frogs. We still advertise on Zillow and Love it but it is more the numbers game on that specific source.

Isidoro Leon · Answer

Hmmm, as always, it depends on the location of the property and the surrounding amenities. I see a 2/2 apartment across the street from one of my properties in the Slaughter/Menchaca area of south Austin that a real estate agent has been trying to rent using Zillow for just shy of 4 months now without a single inquiry let alone actual applications submitted. BTW, the rental property mentioned is a standard one year lease type apartment just like mine which has been sitting for 6 months and, although I have had crazy number of submitted applications, they have all been way too high risk.

Hopefully, things turn around come the new year.

Jordan Moorhead · Answer

Good to see you dude!

Arman Ahmed · Answer

@Musarat Yusufali

Hey Musarat, great question—Austin has strong demand for mid‑term rentals thanks to things like tech relocation and contracting work, but the entry cost and competition are high. If you’re open to other locations, the Midwest offers markets where the economics for mid‑term rentals are more favorable: lower purchase prices, steadier rent premiums for furnished/short‑term setups, and less competition. What you’re doing—turning a long‑term rental into a mid‑term—is smart, just make sure you model the expected occupancy rates, furnishing cost, and any regulations carefully before signing off.

Jordan Moorhead · Answer

If you check our youtube channel we have a few videos on determining MTR rent in Austin. I have a few and my team has helped a bunch of people with MTR!

Nick Mehl · Answer

That's very high demand, according to what Furnished Finder would say. If you take the number of page searches divided by the number of units and anything greater than 300 is good, greater than 600 is outstanding. I'm a but surprised but pleased if this is correct as I am also looking to have a MTR in Austin.

What's the landscape in Austin, TX for mid-term rentals?

What's the landscape in Austin, TX for mid-term rentals?

Most Popular Reply

12 Replies