390. Hosting Hotline: How Do I Transition from Short Term to Midterm Rentals During the Winter Season?

Thanks For Visiting

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13d ago 20:40

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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Matthew asks:

Should I switch to a midterm rental strategy to address our slow winter season and if so, what’s the best website for leads? How can I protect my property against potential squatters?

(00:01:36) Hosting Hotline Success Story Highlight

• Youtube: Parent Child Listing

(00:03:10) Matthew Asks: Should I Switch to a Midterm Rental Strategy?

(00:03:41) Our Experience with Transitioning from A Short Term to Midterm Rental Strategy

• Where we find our leads: Furnished Finder, AirBnB, Zillow, ALE and CRS

• Pros and cons of using Furnished Finder

• Considerations and questions to consider with a midterm rental

• Advice for negotiating pricing in a furnished midterm rental

(00:09:06) How to Prepare Your Listing for This Rental Strategy Transition

• When to start advertising for the winter season

• When to take a listing off the market

(00:12:21) How to Navigate the Algorithm To Increase Leads on AirBnB

(00:13:30) Protect Your Property Against Squatters: Advice for Midterm Rental Agreements

• What to look for to prevent a tenant from becoming a squatter

• How to protect yourself in your lease agreement

• BRRRR Method 101: Tips for Success in Long-Term Rentals with Jessie Lang

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Resources:

• Furnished Finder: furnishedfinder.com

• Youtube: Parent Child Listing

• Airbnb Essentials Checklist: hostchecklist.com

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Hosting Handbook | Get everything you need to fast track your way to Superhost at thanksforvisiting.com/handbook

StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.

Quiz | Take our quiz to reveal your hosting personality style!

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