4 bdrm furnished rental suggestions
I have a fully furnished four bedroom 2800 sqft rental in the Midvale, UT. area. I'm looking at using furnished finder to fill the place up starting mid-April 2024. Does anybody have any recommendations or suggestions of other services I should try or good/ bad experiences using furnished finder? I'm all ears 🙂 also, what's a good rule of thumb for coming up with a good rate to charge. I believe if I did a long-term rental I could get about $2900 a month. I'm thinking I could get around $4000 a month doing the medium term rentals, especially since it is fully furnished. Am I undercutting myself or is that about the right amount to charge?
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#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
As always, I concur with @Bonnie Low and @Jamie Banks. Padsplit may be a better resource for you to see if a by-the-room model is a better fit. I strongly suggest going to your local REI meetup. See if there are other MTR operators utilizing a by-the-room model and try to do some due diligence into the demand for that type of accommodation. It wouldn't work in my market, but my market is smaller.