Jeff Hurst on Why Midterm Rentals Are Gaining Ground in a Mature STR Market
Summary
Jeff Hurst, CEO of Furnished Finder, explains the rise of midterm rentals (30+ day stays) in mature STR markets. He highlights differences between midterm and short-term rentals, the guest profile, operational aspects, and the investment logic. This shift provides stability, fewer turnovers, and caters to guests undergoing transitions.
Key Insights
- •Midterm rentals are becoming a significant strategy in mature STR markets.
- •Midterm rentals offer fewer turnovers compared to short-term rentals.
Action Items
- ✓Consider implementing midterm rental strategies to stabilize occupancy and reduce turnover in mature markets.Effort: mediumImpact: medium
Tools & Resources
- →Hostfully: Streamline operations with Hostfully, offering free onboarding ($1000 value) when mentioning the Alex & Annie Podcast.(hostfully.com/influencers/alex-annie/)
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