@gschaeffer9778 A mid-term rental (MTR) is a furnished property rented for one to twelve months, typically catering to business travelers, remote workers, traveling nurses, and people in transition (like those relocating or undergoing home renovations). It sits between short-term rentals (Airbnb-style stays) and long-term leases (12+ months).
MTRs offer higher cash flow than traditional rentals and require less turnover work than short-term stays, making them an attractive investment strategy, especially in markets where short-term rentals face heavy regulations.
Screening is identical when it comes to LTR and MTR which is why i think it’s a great transition into MTR from LTR.
@ava How much more (percentage wise) can you typically charge monthly for a MTR? Is there a specific formula or tool you use? Thanks in advance! – i’m typically looking to charge at least 2X long-term rental rates. It really just depends on the market and what it will accept. 1.5 is totally acceptable in a lot of markets but my goal is to always shoot for 2x LTR rate