How to Book Mid-Term Guests on Airbnb
Summary
Mid-term rentals (stays of 1 month to a year) are becoming popular, offering more predictable income and fewer turnovers. This article provides a guide to attracting, hosting, and managing mid-term guests, including tips on property suitability, pricing, and automation, and warns of the need for a separate rental agreement.
Key Insights
- •It’s typical to offer a discount for mid-term lets. For example, Pass the Keys offers at least a 25% discount on the standard prices shown on platforms for an extended stay.
- •Mid-term rentals are listings offering stays of a month to a year, filling the gap between vacation rentals and long-term leases.
- •The introduction of licensing in Scotland has affected the supply of short-letting accommodation, and many landlords have pivoted to mid-term bookings.
Action Items
- ✓Decide whether your property is suitable, checking if there’s a demand for mid-term rentals in your area by filtering local listings on Airbnb.Effort: lowImpact: medium
- ✓Confirm you’re allowed to run mid-term rentals in your area, and check whether you need to obtain a permit.Effort: lowImpact: medium
- ✓Optimize your business for mid-term guests by investing in high-quality furniture and appliances, and use keywords like “fast WiFi” in your listing description.Effort: mediumImpact: medium
Tools & Resources
- →Hostfully: Hostfully lets you send digital rental agreements and collect electronic signatures from your mid-term rental guests.(hostfully.com)
Common Mistakes
- ⚠Mixing short-term rentals and long-term rentals can create conflicts in your calendar.
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Curated by Learn STR by GoStudioM