On The Market

This Could Be Like Getting into Airbnb in 2012

Oct 17, 2024

Jeff Hurst, CEO of Furnished Finder, shares his insights on the booming mid-term rental (MTR) market, which caters to traveling professionals and those in temporary housing. He believes MTRs could be as revolutionary as Airbnb was back in 2012. The conversation highlights key strategies for investors, including tips on identifying the best markets, affordable property types, and effective tenant sourcing without high fees. Jeff also discusses the shifting rental landscape and the importance of adaptability in today's market.

39:53

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Episode guests

Jeff Hurst

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Episode notes

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Quick takeaways

Mid-term rentals are emerging as a lucrative investment opportunity, appealing to traveling professionals and those in temporary housing situations.

The rapid growth of mid-term rentals continues despite market fluctuations, driven by changing consumer demands and favorable investment demographics.

Deep dives

Popularity and Demand for Midterm Rentals

Midterm rentals, defined as lease agreements lasting more than 30 days, have gained traction among investors as a lucrative opportunity even in fluctuating markets. The growth in this sector stems from various factors, including changes in consumer behavior during the pandemic and regulatory constraints on short-term rentals. As a result, many individuals are exploring midterm options for both investment and living situations, raising questions about the longevity of this demand. With an increase in bookings and a significant inventory expansion, midterm rentals are establishing themselves as a sustainable option in the housing market.

Intro

2min

Navigating Midterm Rentals

7min

Capitalizing on the Midterm Rental Boom

3min

Navigating Midterm Rental Markets

11min

Navigating the Shift to Midterm Rentals

8min

Navigating Midterm Rental Regulations

8min

While short-term rentals are seeing slowing demand, mid-term rentals are taking off (and fast). Mid-term rentals, also called medium-term rentals or MTRs, are thirty-day or longer stays, usually for traveling professionals or those who need temporary housing while relocating. These rentals give you more rent than a regular long-term rental, less turnover than short-term rentals, and can be successful in even the most average of markets. Where are MTRs heading next? We brought on Jeff Hurst, CEO of the leading MTR listing website Furnished Finder, to share the data he’s seeing.

Jeff believes MTRs are still years away from peaking in demand and supply. But maybe he’s a little biased as someone who works in the field. Even as an industry insider, Jeff brought some solid stats that show that MTR is far from falling off the investing map. He’s so bullish on this strategy that he believes MTR is now where Airbnb was in 2012. But what should you do to get in on MTR investing?

Jeff shares the best MTR markets and signs for whether or not your city could be a great place to try it, plus the surprising property type that works best for this strategy (MUCH more affordable than short-term rentals) and how landlords and investors can find tenants WITHOUT going through pricey booking platforms.

In This Episode We Cover

The state of the mid-term rental market and why it’s looking much brighter than short-term rentals

Mid-term rental investing explained, and who’s staying at these properties

Why rural markets actually make terrific mid-term rental investing areas

How to start investing in mid-term rentals WITHOUT owning a single property (rental arbitrage)

How to find tenants for your mid-term rentals without paying high listing fees

The (surprisingly) small property types that work best for mid-term rentals

And So Much More!

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