Mid Term Rental Strategies (Ep 616)
Summary
This podcast episode discusses strategies for mid-term rentals (30+ day stays) as regulations restricting short-term rentals emerge in some cities. The guest expert shares insights on platforms like Furnish Finder and Zillow, and ways to find renters through insurance companies, as well as the potential impact of Airbnb's algorithm on longer stays. Hosts should research platforms like Furnish Finder, Zillow, and placement agencies, and consider how Airbnb's smart pricing impacts rankings.
Key Insights
- •Regulations are emerging that restrict short-term rentals to 30-day minimum stays, potentially impacting hosts.
- •Mid-term rentals can target insurance companies and their clients.
- •Airbnb's algorithm may penalize hosts with long-term bookings, potentially lowering search rankings.
Action Items
- ✓Hosts should utilize Airbnb's smart pricing feature to potentially improve search rankings for mid-term rentals.Effort: lowImpact: medium
- ✓Hosts should consider reaching out to insurance companies and placement agencies in their area to secure mid-term rental bookings.Effort: mediumImpact: medium
- ✓Hosts should explore platforms like Furnish Finder and Zillow to list mid-term rentals.Effort: lowImpact: medium
Tools & Resources
- →CRS Assured Relocation: CRS Assured Relocation is mentioned as a placement agency.
- →HomeLink: HomeLink is mentioned as a placement agency.
- →Furnish Finder: Furnish Finder is mentioned as a platform for mid-term rentals.(furnishfinder.com)
- →ALE solutions: ALE solutions is mentioned as a placement agency.
- →Zillow: Zillow is mentioned as a platform for mid-term rentals.(zillow.com)
Common Mistakes
- ⚠Relying solely on one-off bookings from placement agencies without maintaining relationships can lead to inconsistent mid-term rental occupancy.
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Curated by Learn STR by GoStudioM