are medium-term rentals on airbnb?
Yes. Airbnb supports medium-term rentals.
Airbnb defines a medium-term rental as a 28+ day furnished rental.
how does airbnb support medium-term rentals?
Airbnb enables bookings for 28 days or more. You can update this in the settings portion of your account. Once there, Airbnb will ask you:
if you want to allow any length of stay (they recommend you do)
if you have a minimum number of nights guests can stay
Airbnb defines medium-term rentals as 28+ days. We recommend setting this number to 30+ days. The reason we recommend 30+ day stays is because most cities that prohibit Airbnb do so by limiting rentals under 30 days. By setting this at 30+ days, you avoid this problem.
Set up monthly prices. Airbnb allows you to set different prices for different months (this is very useful during popular summer months.)
Airbnb has modified long-term cancellation policies for longer stays. Guests can get a full refund if:
they cancel the booking within 48 hours of making the booking; or
they cancel 28 days before their stay starts.
Clear pet fees. This is a biggie! Medium-term tenants want their animals with them. This is a win for you as long as you charge more to allow for this.
what other platforms allow for medium-term rentals?
The two platforms we primarily use to source medium-term renters are Airbnb and Furnished Finders.
While Airbnb takes 3% of every stay, Furnished Finders costs $99 annually per listing.
how can we help with your medium-term rental model?
We've been operating multiple medium-term rentals since 2017, and many of our clients also prefer this model. Please reach out to either of us to discuss more. ERIN@ERINANDJAMESREALESTATE.COM OR JAMES@ERINANDJAMESREALESTATE.COM.
BUY THE BOOK ON MEDIUM-TERM RENTALS.
That's right. There's a book that can help you with your medium-term rental strategy.
Available on Amazon, you can buy it here.