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- First-Time Mid-Term Owner Guide
First-Time Mid-Term Owner Guide
How to select properties, set rent, and strategize for renting to professionals!
4 Steps to Get Started
Where to Purchase Investment Property
Look at rental properties near hospitals & other large corporations in town, but first, make sure they offer internships or hire temporary workers. Cities with monthly traveling professionals are the sweet spot for this market.
Who Manages the Unit is the #1 Factor for Success
High occupancy rates correlate with a hands-on approach.
Responsive owners and property management companies consistently make the top 10% in the mid-term rental market. Responding to requests on weekends and after hours is the best way to guarantee the unit stays full year-round!
Renting a Room to Professionals
Perks | Considerations |
💰Great source of income! You have full control over the availability of the room and can block off dates, if need be. | 🛁The number of bathrooms in the unit matter! A 2bed/1bath is less likely to rent than a 2bed/2bath. |
🛏️Easy entry point into the mid-term rental market. Renting a room gives you a taste of what renting a furnished unit is like without investing in a new property. | 🐾Many travelers who want to rent rooms have pets. It’s important to decide if you want to allow pets and what type. |
📅The average length of stay is ~13 weeks, which gives you plenty of time to see if you enjoy renting mid-term. | 🚗Parking is one of the top 3 questions asked - consider where the professional is going to park. Are you willing to give up a garage spot? |
