Frequently asked questions
Congratulations on making the jump into STR/MTR! The best way to start the process is to set up a complimentary phone call where we will discuss the goals for your property and explain how I can best meet all the needs of your investment.
We are looking to make our investment property as short or midterm rental. What should we do next?
What is the benefit of renting my property as a STR/MTR versus a long term rental?
While long term rentals (LTRs), do have their advantages, there are many benefits to having a STR/MTR. Not only do STR/MTR offer a high ROI (return on investment) potential, but they also allow owners the ability to use the property as a second or vacation home for themselves, family, and friends. They also give the owner freedom to design and decorate the home as they wish as opposed to LTR where the renters decorate the property. Finally, shorter rental stays means less time for damages from renters as well as more frequent checks on the property from cleaners, etc.
How much does it cost to stage my property as a STR/MTR?
The cost to set up a furnished property would depend on many things such as the size property, what furniture you already have on hand, and how creative you want to be with decor and furniture. I am able to work with property owners to maximize the space and work within the parameters of a budget, no matter the size.
What is your monthly management percentage fee?
Management fees vary depending on what services your property needs. After I access a property, I am able to give a specific breakdown of monthly cost.