Rent by the Room v. Midterm Rentals in 2024

[@midtermrentalconsulting]

✅✅ Find free Midterm Rental Resources here: stan.store/erin_spradlin✅

[@MYlearning-f7l]

I love your videos. You provide so much great insights. Thank you!

[@midtermrentalconsulting]

Thank you!

[@brucetieu]

You mentioned the cons of rent by room, but what are the cons of mid-term rentals?

[@midtermrentalconsulting]

The main one, in my opinion, is that they use the property similar to long-term renters. This means when it gets returned to you, the fridge has been used, the yard might look crummy, etc. It depends on how long the tenant stays- but the wear and tear sometimes with an MTR is more significant than people predict.

[@DadaDance27]

Did you ever experience renters who overstayed and didnt want to leave at all? What do you do if that happens?

[@midtermrentalconsulting]

I have not had that happen- nor do I know anyone that has happened to. If it did though, you start the normal eviction process for your state. This is a nice breakdown of how the process is handled in Colorado: www.doorloop.com/laws/colorado-eviction-process#:~:text=Move%20out%20process,the%20tenant%20to%20move%20out.

[@crazisista06]

Hi Erin, liked and subscribed! Do you offer consulting on long-term rental? Also, do people furnish for long-term rentals?

[@midtermrentalconsulting]

Hey there. Thank you for the like and subscribe! I do offer consulting for long-term rentals. And, yes, more and more people are renting out long-term, furnished. My past 4 tenants have all been 9+ months. stan.store/erin_spradlin