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:
1. Consistent Revenue: MTRs consistently eclipse traditional long-term leases in earnings.
2. High Demand: There’s an urgent need for flexible housing options amidst low inventory.
3. 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? Send me a message!
Meghan Snead KW Bartlesville
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