Definition
Midterm rentals (1-3 months) fall between short-term and long-term rental strategies. Rates typically fall between STR and long-term rent.
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Midterm rentals appeal to corporate relocations, contractors, and others needing temporary housing. Rates typically fall between STR and long-term rent. Midterm rentals require furnished units and more management than long-term rentals but less than STRs. Income is more stable than STRs but higher than long-term.
Pro Tip
Midterm rentals work well in areas with corporate relocations or temporary assignments.
Example
A property renting for $1,200/month long-term might generate $1,800/month as midterm rental at 80% occupancy