I've been doing some soul searching lately since losing some quality tenants at a recently remodeled 3 bed 2 bath DADU sitting behind a duplex in an urban area of town near some hospitals. I've been working on a deal to sell the entire property but the deal might collapse as he is asking me to remove the remaining tenants. I figured if I remove the tenants, I'd stand to benefit myself in that scenario and why would I want to remove them for him after already starting out at a pretty fair price? I have a very low interest rate on this property (2.25%) and I might just want to hold onto this for just a little bit longer and see if I can try out the mid-term market before I consider selling again. I've never done it but have always been interested.

    I've spoken with the Furnished Finder folks and they gave me some pretty interesting numbers for my area. 3k to $4500 for 3 bed 2 bath units. This is incredible! I would likely price a little lower since one bedroom should be an office. I was getting $2500 as a long term and if I would be paying for electricity, utilities and internet, I might ger away with about $2800 and undercut the other low 3 beds and mid to high 2 bed competition.

    Anyway, what is your experience with mid term rentals, particularly Furnished Finder and if you prefer travel nurses, how often do you get those customers? Thank you for your advice in advance.

    Mid-term Rentals, like Furnished Finder. Travel Nurse Market and business short stays. Yay or Nay?
    byu/alivenotdead1 inrealestateinvesting



    Posted by alivenotdead1

    2 Comments

    1. Loves_long_showers on

      It’s Airbnb from 5 years ago.

      Yes, it’s good. Everyone is talking about it. The market will soon be oversaturated and you will be back to making moderate returns.

    2. If your unit is appealing for the mid term market, then it can work great. If your unit isn’t appealing for the mid term market, then probably not as great.

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