Are mid-term rentals a good option for your rental portfolio?

Mid-term rentals can be a good option for individuals or businesses who need a temporary housing solution for a period of several months to a year. There are a few reasons why someone might choose a mid-term rental:

Flexibility: Unlike long-term rentals that typically require a 12-month lease agreement, mid-term rentals usually offer more flexibility in terms of rental duration. This can be useful for individuals or businesses who need a temporary housing solution due to a work assignment, a renovation project, or any other temporary situation.

Cost-effectiveness: Mid-term rentals can be more cost-effective than short-term rentals, which are typically priced at a premium. By signing a mid-term rental agreement, renters can often negotiate lower rental rates compared to short-term rentals.

Convenience: Mid-term rentals are often fully furnished, which can be a convenient option for renters who don't want to deal with the hassle of buying and moving furniture.

Hard money can help you finance the purchase and renovation of a property that you intend to use as a mid-term rental.