I
nvestors are increasingly shifting from long-term rentals to short-term rentals due to their higher earning potential. However, managing short-term rentals can be stressful and time-consuming. Some investors are now exploring mid-term rentals, which typically involve 30- to 90-day stays, as a more balanced option.
Mid-term rentals offer a steady income with less stress and management compared to short-term rentals. They also provide a compromise between the two options, allowing investors to earn a decent return without the high level of involvement required for short-term rentals.
Real estate investor Amberly Grant, who has experienced both long-term and short-term rentals, agrees that mid-term rentals are an attractive option. She notes that while short-term rentals can be lucrative, they require constant attention and management, which can be overwhelming at times.
Other investors, such as Zeona McIntyre and Peter Keane-Rivera, have also found success with mid-term rentals. McIntyre, who wrote a book on the topic, believes that mid-term rentals are the "sweet spot" in real estate investing, offering a balance between cash flow and passive work.
Keane-Rivera plans to offer mid-term stays in his Airbnb unit, which he currently operates as a short-term vacation rental. He aims to create more consistent revenue during the slow season by toggling between short- and mid-term rentals.
Investors like Avery Heilbron are also exploring mid-term rentals as an option. He plans to convert a detached garage on his primary home's property into a rental that will help offset his current mortgage.
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