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This type of rental property is seeing “explosive” demand. But, they’re cheaper than many regular rental properties, get 30% more rent, and take less work than vacation rentals. More and more Americans are using them, and where they’re needed most, there’s not much supply.
You might have thought it wouldn’t last, but medium-term rentals are becoming the rental property investor’s cash cow—and we have new data to prove it. Jeff Hurst, CEO of Furnished Finder, teamed up with the short-term rental data experts at AirDNA to release a new report on monthly rentals.
This could change everything you’ve thought about the space. Investors are making more money with smaller properties, and demand is growing—fast. Tenants are extending their stays, while paying a 30%-50% premium over traditional rentals, but the cost to furnish is a fraction of what it would be for a short-term rental.
But Jeff says there’s a “sweet spot” medium-term rental—and it’s one of the least expensive properties you can buy. Even better, your long-term rental could be the perfect pick.
It might be time to look at medium-term rentals again.
In This Episode We Cover
The new report from Furnished Finder and AirDNA showing the massive demand for medium-term rentals
How to make 30%-50% more revenue by turning your long-term rental into a monthly stay
Is the medium-term rental market oversupplied, like the short-term rental market? The data might surprise you
How to immediately test whether your long-term rental would work with this strategy
The “sweet spot” medium-term rental that costs less and has strong demand from monthly renters
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets
Sign Up for the On the Market Newsletter
Find an Investor-Friendly Agent in Your Area
On the Market 261 - This Could Be Like Getting into Airbnb in 2012 w/Jeff Hurst
Read the New Furnished Finder + AirDNA Report
Furnished Finder Market Insights
Dave's BiggerPockets Profile
Grab the BiggerPockets Book on Medium-Term Rentals, "30-Day Stay"
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-396
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices |
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