Al
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Al (by Midterm lease [NC]) Apr 5, 2024 11:36 AM
       Al (by Renne [TX]) Apr 5, 2024 11:47 AM
       Al (by wmh [NC]) Apr 5, 2024 12:19 PM
       Al (by Tim [CA]) Apr 5, 2024 1:43 PM
       Al (by plenty [MO]) Apr 5, 2024 2:03 PM
       Al (by Jeffrey [VA]) Apr 5, 2024 2:22 PM
       Al (by midterm [NC]) Apr 5, 2024 2:36 PM
       Al (by plenty [MO]) Apr 5, 2024 3:16 PM
       Al (by Vee [OH]) Apr 5, 2024 5:14 PM
       Al (by Richard [MI]) Apr 5, 2024 7:43 PM
       Al (by Midterm [NC]) Apr 6, 2024 8:38 AM
       Al (by Oregon Woodsmoke [ID]) Apr 6, 2024 10:29 AM
       Al (by Ray-N-Pa [PA]) Apr 9, 2024 6:59 AM

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Al (by Midterm lease [NC]) Posted on: Apr 5, 2024 11:36 AM
Message:

Hi, I normally do STL but got a call for midterm lease of 3 months. Itís a 2 bedroom 1 bath, rents for $129. Includes internet, utilities and yard care. I need input on what I should price for midterm. I asked for their budget and didnít get a specific reply. 30 days would be 3870. I will give a discount but not sure how much I should give. This is what I am asking for. Thanks --166.196.xx.xx




Al (by Renne [TX]) Posted on: Apr 5, 2024 11:47 AM
Message:

Hello, Midterm and welcome to the forum. I'm not a STR person, so am asking the question to learn your strategy. Why would you give a discount for 3 months? --12.196.xxx.xxx




Al (by wmh [NC]) Posted on: Apr 5, 2024 12:19 PM
Message:

How much did you make last year, same time period? Is that a good reference? --173.28.xx.xxx




Al (by Tim [CA]) Posted on: Apr 5, 2024 1:43 PM
Message:

Why would you give a discount for 3 months??? Did the applicant ask for a discount???

--73.2.xx.xx




Al (by plenty [MO]) Posted on: Apr 5, 2024 2:03 PM
Message:

Usually you'd get paid more for short term. What are the monthly rents when one signs a year lease? --172.59.xxx.xx




Al (by Jeffrey [VA]) Posted on: Apr 5, 2024 2:22 PM
Message:

I would start by offering a discount of 10% off your daily rate for a person staying 30 days or longer. Perhaps up to 20% off the daily rate for a 3 month mid-term stay. --172.59.xxx.xxx




Al (by midterm [NC]) Posted on: Apr 5, 2024 2:36 PM
Message:

No discounts requested. She just asked about the amount for the three months. $ 129 x 30 = $ 3870. I was thinking about $3k. --71.85.xxx.x




Al (by plenty [MO]) Posted on: Apr 5, 2024 3:16 PM
Message:

That's to much of a discount. Why are you negotiating with yourself? If they didn't ask and you are offering then that's what you are doing. --172.59.xxx.xx




Al (by Vee [OH]) Posted on: Apr 5, 2024 5:14 PM
Message:

why a discount? get math flash cards to help you determine the monthly rent on a daily priced room. --184.59.xxx.xx




Al (by Richard [MI]) Posted on: Apr 5, 2024 7:43 PM
Message:

If you want to give a discount at all tell her that if she leaves at the end of the term with absolutely no problems and leaves the place spotless, THEN you will refund the discount. (Make her earn it). --75.7.xx.xx




Al (by Midterm [NC]) Posted on: Apr 6, 2024 8:38 AM
Message:

I am learning the difference between short term, mid term an long term. I calculated a price based on Jeffrey's input and was told that was too much. Mid term tenants pay above the long term lease because they want the home furnished, utilities paid etc but don't expect to pay the Short term rate at a discount. She found a place for $ 2k. This has got me thinking more. What's the benefit of mid term if you can make more money on STL? The only thing I can think of is doing this when the season is slow or you are transitioning from STL to LT; which I am doing. --71.85.xxx.x




Al (by Oregon Woodsmoke [ID]) Posted on: Apr 6, 2024 10:29 AM
Message:

The vacation rental people only give a discount if the mid-length term falls in the off season. Nobody gets a discount for high season. --76.178.xxx.xxx




Al (by Ray-N-Pa [PA]) Posted on: Apr 9, 2024 6:59 AM
Message:

Turn overs and vacancies cost money. It would be wise for you to incentivize the behavior that you desire. So how much would it take to do that?

I am inclined to believe that a small amount of savings would go a considerable way. In many cases these folks are on per diem so they are saving someone else's money but are able to keep that. --24.101.xxx.xxx



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