Are Mid Term Rentals the next BIG thing?

[@JesseVasquezAirVenture]

What up my dudes, Did a quick search on who else is kicking butt in the midterm mental space! Stumbled across you guys and liking and following all your content. I too am in the space and have been super successful. I love what’s you guys are doing this format is sweet! continue to do great work!

[@kyleeandsteven]

Thanks, Jesse! Glad to hear that MTRs have been treating you well!

[@renee7805]

Jesse you are the King of MTR's!

[@brennenhrebeniuk9661]

Great video you guys are highly underrated I love the format and clarity

[@kyleeandsteven]

Much appreciated!

[@misunderstoodkj]

I am doing Mid-term Rentals for Travel Healthcare And Business Professionals because it is less drama and people are more opened to having professionals in their neighborhoods versus just random people.

[@kyleeandsteven]

all good reasons!

[@djsimmy3270]

Are you using furnished finder?

[@ZeonaMTR]

@@djsimmy3270 I am if you have questions about it. Wokrs great

[@sharonbeatty8047]

Thanks for being upfront about the revenue on mtr vs str. I've been debating about which one and now I know!

[@kyleeandsteven]

Glad it was helpful!

[@ZeonaMTR]

MTRs can make as much or more than short term rentals but it take a bit more work to list on more sites and build direct relationships, not everyone wants to do that.

[@Ralith09]

Love mid terms. We do a lot of travel nurses, professionals and contractors. We're not in nearly as expensive, maybe $2-4k per month, not hot tubs or pools here

[@Jadrian-gs6jh]

How many rentals

[@Ralith09]

@@Jadrian-gs6jh We own own 24 and manage another 10.

[@Jadrian-gs6jh]

@Ralith09 nice...what's your view on per month Rev minimum post paying operational cost, interested to hear from someone else

[@Ralith09]

@@Jadrian-gs6jh I'm not sure exactly what you mean. I follow a lot of Sean's ideas if you're familiar with his channel.

[@khalaska907]

When stocking consumables, are you stocking up for guests that stay longer than a couple of months?

[@MrsAlexaWest]

How are you pricing the mid-term rentals?

[@cathymiller9342]

We are actually going to start listing our STR on a mid term rental site for the slow session.

[@ayobams7787]

Hey! What sites can we use to do that?

[@kyleeandsteven]

We're working on diversifying our listing platforms as well. Adapt and pivot!

[@ZeonaMTR]

great plan!

[@ZeonaMTR]

@@ayobams7787 There are two levels to this. Many just to airbnb, vrbo, and furnished finder. If you want to fill your units this works. If you want to make more, corporate housing is a layer deeper but makes a bunch more.

[@ayobams7787]

@@ZeonaMTR thanks so much for the response Zeona. I’m just starting in this realm. I bought my first property in Palm Springs a few months back.

[@clairelamoureux3463]

Great topic! Any tips on attracting/marketing for MTR guests? We started our first STR a month ago and have been focusing on STR to build the rating. But now we are considering MTR for the slow season. Airbnb highlights “great for remote work” on our listing as we have fast Wi-Fi and dedicated workspaces, but we are not sure how to help the target audiences find us.

[@ZeonaMTR]

You don't need to do anything different but going into slow season I recommend making the setting 30 day minimum so you don't book a random weekend and miss out on something longer, you can always make shorter minimums for any gaps. You may want to advertise on other places furnished finder is the main one, unless you decide to lean into corporate housing, in which case there are many more. Corporate housing is a whole new pricing strategy and a level up in complication but it pays off.

[@Jayn911]

@@ZeonaMTRif you’re getting booked from Airbnb for MTR, do you send a seperate lease agreement?

[@ZeonaMTR]

Hi @@Jayn911 I don't, we utilize Airbnb's policies and protections, but you definitely can if you are worried about squatters.

[@stockrider2666]

How do you guys go about declining the guest? Any concern about the 88% target acceptance ratio?

[@kyleeandsteven]

Good question! In our experience most of these instances don’t make it past the inquiry phase so it’s not a traditional “decline”.

[@stockrider2666]

@@kyleeandsteven Makes sense, thank you

[@kristintran9748]

Hello guys, I have just purchase a house in Huntington Beach, Ca and planning to turn that into a MTR. It’s a fixer with a non working pool that’s in bad shape. For liability concern I rather just fill in the pool. What are your thoughts on MTR clients? Is having a pool get you more booking?

[@kyleeandsteven]

We'll answer this in detail in next week's video. Short answer: keep the pool ;)

[@JH-hc5dv]

You guys are the best!!!

[@tarekkhaledyassin4559]

numbers?

[@andrewbae4357]

can we get a copy of your rental contract? thank you !

[@tinachxx110]

How much do you guys charge to manage a midterm rental?

[@RelocatetoOmaha]

I'm thinking about it

[@MarzNGrama]

You mentioned 'rental contract'... Any chance you can share it with me if I email you?

[@catherinekellychen2509]

I have been hosting 8 lucrative downtown short-term rental listings for more than a year. Now I have a new landlord client who ll be away from this mid Dec to next mid Mar. I have listed his two bedrooms(each with a private bathroom) seperately on Airbnb for midterm stays (as the landlord didn't want the complication of short-term rental licensing) in a townhouse near airport two days ago, but the views of these two listings are few and wishlist addition none so far😭I m a little panicking... as I made the landlord client invest at least $1400 for stock and decoration. If these two don't rent out, he ll be actually losing money as well as his faith in my management😤

[@ZeonaMTR]

I wouldn't do by room, I would do a single unit. I would get on furnished finder and zillow stat. Seasonality should not reflect poorly on your management, this is generally the slow time but you have the ability to still get a last minute booking.

[@catherinekellychen2509]

@@ZeonaMTR unfortunately there's no Canadian answer to furnished finder😅I ll try contacting travel nurse agencies and advertising on facebook marketplace for the entire home. Thank you for you tips

[@djsimmy3270]

Are you using Airbnb for it? Or furnished finder? Are you calli g companies to be put on their housing roster? Basically how are you finding guests?

[@ZeonaMTR]

Step 1: airbnb, furnished finder, vrbo, once you get comfortable with those, if you want to go a layer deeper there are 5 more sites, then step 3 is reaching out to agencies and recruiters which can be found on indeed and monster jobs.