Investors: Instead of buying an Airbnb, consider an alternative that brings greater stability and less wear & tear. 2023 saw a 94% rise in mid-term rental (MTRs) bookings of 30 days or more. Plus, they maintained a solid occupancy rate of 51%. Unlike the unpredictable rates of short-term and traditional rentals, MTRs are booming, offering investors a more stable option with less hassle in 2024. They’re even more lucrative for folks with homes near colleges, military bases, hospitals, and big corporations, where mid-term housing is in high demand.
Why mid-term rentals are dominating:
- Consistent Revenue: MTRs consistently eclipse traditional long-term leases in earnings.
- High Demand: There’s an urgent need for flexible housing options amidst low inventory.
- Lower Maintenance: With fewer turnovers than Airbnb and less wear than long-term stays, MTRs manage a higher ROI with fewer headaches.
Want to talk more about leveraging this investment strategy? We always love chatting with you!
info@kingmillerrealestate.com
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