Credits By: Advisor’s Edge
Real estate investor Zeona McIntyre has been experimenting with different methods. She is financially independent. Mid-term rentals swiftly replaced short-term rentals as her favored option after the epidemic because of their abundant income flow and generally lax supervision. McIntyre has written a book, “30-Day Stay,” to help other investors in the mid-term rental market, drawing on her expertise and accomplishments in the real estate sector.
Between 2012 and 2014, McIntyre used the potential of Airbnb rentals to achieve financial independence in the early years of her profession. She had to go elsewhere because of the frequent tenant turnover and emergency circumstances with short-term rentals. She tried long-term rentals before discovering mid-term rentals, which provide the ideal combination of cash flow and simplicity of management.
When the pandemic caused McIntyre’s Airbnb business to suffer, she discovered mid-term rentals, which are defined as stays of 30 to 90 days. She became intrigued by the idea of providing accommodations for traveling nurses and other professionals needing short-term lodging, so she decided to advertise her apartments on Furnished Finder and continue using Airbnb.
McIntyre realized that mid-term rentals generate significant income flow while requiring less hands-on supervision, which made their benefits clear. Mid-term stays offer more stability and fewer unforeseen mishaps than short-term rentals when emergencies can occur at any time. Longer-term tenants also take better care of the property, which lessens the need for ongoing maintenance and repairs.
Practically speaking, the bookkeeping for mid-term rentals is also less demanding than the continuous stream of short-term rental payments. Longer stays provide hosts more time to identify the next renter and prepare for tenant turnover, reducing vacancies and increasing revenue.
Mid-term rentals also come with some benefits in terms of rules. Short-term vacation rentals are under more scrutiny and harsher laws in some places. However, once a rental is longer than 30 days, it is frequently categorized as long-term, avoiding extra taxes and needing a short-term rental license.
Mid-term rentals offer a sweet spot for real estate investors, while short-term rentals may still be beneficial in some areas. These rentals have turned into McIntyre’s primary source of income, giving her the ideal mix of money and modest obligations. Mid-term rentals are becoming increasingly well-liked as a potential investment option for people looking for good returns with less bother and more consistency as the real estate market changes.