The Complete Guide to Mid-Term Rental Investment

Capitalize on the growing market for furnished rentals serving traveling professionals

Mid-term rentals, typically spanning 1-6 months, represent a sweet spot between short-term vacation rentals and traditional long-term leases. This market primarily serves traveling healthcare professionals, business executives, project consultants, and others requiring temporary housing that feels like home.

Did You Know? According to industry data, furnished mid-term rentals typically command 30-50% higher rates than unfurnished long-term rentals while experiencing lower turnover than short-term vacation rentals.

Understanding Your Target Market

Primary Tenant Demographics

Tenant Type Average Stay Key Requirements Rental Source
Travel Nurses 13 weeks Hospital proximity, flexible dates Healthcare staffing agencies
Corporate Executives 3-6 months High-end amenities, business facilities Corporate housing programs
Project Consultants 2-4 months Good workspace, central location Consulting firms
Relocating Professionals 1-3 months Flexible terms, storage space Relocation companies
Market Growth Drivers
  • Healthcare Staffing Trends
    Growing demand for travel healthcare workers
  • Remote Work Flexibility
    Extended business travel patterns
  • Project-Based Employment
    Rise in consulting and contract work
  • Corporate Relocation
    Increasing workforce mobility

Strategic Location Selection

Healthcare Market Focus
Key Location Factors
Critical
Essential
Important
Very Important
Corporate Market Focus
Priority Locations
Critical
Very Important
Beneficial
Important

Property Setup and Furnishing

Essential Amenities
  • Work Space
    • ✓ Dedicated desk/office area
    • ✓ High-speed internet
    • ✓ Good lighting
    • ✓ Ergonomic chair
  • Kitchen
    • ✓ Full cookware set
    • ✓ Quality appliances
    • ✓ Basic pantry items
    • ✓ Coffee maker/kettle
Furnishing Standards
  • Living Area
    • ✓ Comfortable seating
    • ✓ Smart TV
    • ✓ Quality lighting
    • ✓ Storage solutions
  • Bedroom
    • ✓ Quality mattress
    • ✓ Ample storage
    • ✓ Multiple sets of linens
    • ✓ Blackout curtains
Technology Setup
  • Internet/Entertainment
    • ✓ High-speed WiFi
    • ✓ Smart TV services
    • ✓ Streaming services
    • ✓ Backup internet option
  • Security
    • ✓ Smart locks
    • ✓ Video doorbell
    • ✓ Security system
    • ✓ Remote monitoring

Financial Metrics

Monthly Premium
Over Unfurnished Rates

30-50%

Target Occupancy
Annual Average

85%+

Setup Costs
Furnishing & Equipment

$15-25K

ROI Target
Annual Cash-on-Cash

12-18%

Expense Considerations
  • Utilities & Services
    All-inclusive pricing model
  • Furniture Depreciation
    3-5 year replacement cycle
  • Professional Cleaning
    Between-tenant turnovers
  • Property Management
    8-12% of gross rent
Revenue Optimization
  • Extended Stay Discounts
    Tiered pricing for longer stays
  • Corporate Contracts
    Volume agreements with employers
  • Healthcare Partnerships
    Direct relationships with staffing agencies
  • Flexible Gap Filling
    Short-term rentals during vacancies

Marketing and Leasing Strategy

Marketing Channels
Channel Target Audience Effectiveness Cost
Healthcare Staffing Platforms Travel nurses and medical staff Very High Medium
Corporate Housing Networks Business executives High High
Relocation Companies Relocating professionals Medium Low
Professional Websites Independent contractors Medium Low
Marketing Essentials

Property Management Considerations

Tenant Screening
  • Employment verification
  • Professional references
  • Contract confirmation
  • Credit/background checks
  • Insurance requirements
Maintenance Protocol
  • 24/7 support system
  • Regular inspections
  • Preventive maintenance
  • Quick response times
  • Quality vendor network
Technology Integration
  • Property management software
  • Smart home systems
  • Digital lease management
  • Online payment systems
  • Maintenance tracking

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Additional Resources

Market Analysis Tools

Access our specialized tools for analyzing mid-term rental markets.

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Setup Guide

Download our comprehensive furnishing and setup guide.

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Investment Calculators

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