All Forum Posts by: Martin Grodzki
Martin Grodzki has started 1 posts and replied 2 times.
Post: Help with medium term rental numbers in Charleston, SC
- Posts 2
- Votes 1
Quote from @Troy Gandee:
@Martin Grodzki Łatę to the party, but I would check the major MTR/corporate rental sites like Furnished Finder and just see what other folks are getting for similar properties in your market. There is quite a bit of nuance to it and some tenants may reach out to negotiate based on the length of stay and if they have a per diem limitation, so there's usually some margin with these. You should be able to get a good baseline checking the major sites. Also, I believe you can check Airbnb and VRBO for 30+ day listings only.
Thank you! That is what I have been doing. My issue is that the ones I am seeing are the ones available so I am not sure if they actually do get those rents or if you would need to be lower to actually rent out. And more importantly, it tells me nothing about the vacancy rates. Do they rent out year around or at that price point do they sit vacant half of the year, etc. ?
But I appreciate the response. Also, do not seem to be a whole lot of mid term rental companies in the area based on the phone calls I am making.
Post: Help with medium term rental numbers in Charleston, SC
- Posts 2
- Votes 1
Hello everybody!
I had a questions regarding how to run proper comps for mid term rentals. We own multiple long term rentals in Arizona where we live and those are pretty easy but my issue is that while I am looking at places like furnish finder and Airbnb, the numbers I am seeing look great but I am struggling to see if those units are actually renting out at those prices or if they stay mainly vacant. So, questions is what you would suggest to be the best way to appropriately gage vacancy and rental rates for something like a mid term rental?
Thank you in advance for any help you can provide