MID-TERM RENTAL SITES
A lot of my mid-term rental consulting clients ask me about where they can find mid-term rental sites? A lot of the time, they want to know how to find a traveling nurse rental site and/or an insurance rental site. This blog will cover how to get in front of mid-term renters.
Prefer video? We got you covered. Check our out midterm rental playlist on YouTube. The Ultimate Guide to Medium-Term Rentals is a good place to start. If you prefer reading though, you can jump below this video for the full blog.
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If you want are looking for a Mid-Term Rental book, we have you covered on that as well. It's called American Nomads, and you can buy it here.
Which sites are best for Mid-Term Rentals?
While clients do want to know which sites they can work with to get direct access to traveling nurses, I advise against this practice. While traveling nurses used to be the primary tenant pool for furnished extended stays (put in another way, mid-term rentals), there are a lot more people renting mid-term rentals now. Limiting yourself to a traveling nurse referral program or insurance referral program will work against you.
Get In Front of 95% of Mid-Term Renters
If you advertise on these 3 sites, you will be in front of 95% of the market. For all of my clients, I recommend listing on Airbnb and at least one other site. Ideally, you should list on all three- but full disclosure: I don't. I only list my mid-term rentals on Furnished Finder and Airbnb because I stay fully booked.
WHICH SITES ARE BEST FOR MID-TERM RENTALS?
AIRBNB
Airbnb monthly rentals have seen a 15% since Covid. For this reason, Airbnb longer stays are being popular on the site. A few things to know:
What will Airbnb charge for mid-term hosting? Same as their short stays, Airbnb charges hosts 3% of the booking for Airbnb monthly rentals.
Will Airbnb allow me to do a discount for longer stays? Yes, Airbnb allows you to do a discount for medium-term stays.
How can I change my stay length to 30 days on Airbnb? There's a video for that.
VRBO
VRBO long-term rentals. Is this a thing? Yes. VRBO is popular with mid-term and long-term rentals.
What will VRBO charge for mid-term hosting? Same as their short stays, VRBO charges hosts 8% of the booking for medium term stays. Alternately, VRBO hosts can pay $499 annually instead of the 8% per reservation charge.
Will VRBO allow me to do a discount for longer stays? No, VRBO does not allow you to do a discount for medium-term stays. For this reason, if you are going for the mid-term price range, you should advertise this and price accordingly.
FURNISHED FINDER
What will Furnished Finder charge for mid-term hosting? Furnished Finder charges hosts $99 annually to list on their platform.
Will Furnished Finder allow me to do a discount for longer stays? Furnished Finder was built for mid-term stays, so the assumption is that it is already priced accordingly. Also, Furnished finder does not take payment on the site.
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
We also offer consulting for Airbnb monthly stays and mid-term rentals. Learn more about mid-term rental consulting here.
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.