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4547 Views 7 Replies Latest reply: Mar 30, 2012 11:04 AM by mattj RSS
New Member 2 posts since
Jul 21, 2011
Currently Being Moderated

Jul 21, 2011 5:20 PM

Help with a long term rental

Hi,

I would like to advertise my home for a long term rental.  Is there a way to do that on this site and if so..do people have much luck with long term rentals on here?  My home is in Louisville, KY..thanks so much!

  • Contributor 145 posts since
    May 12, 2011
    Currently Being Moderated
    Jul 21, 2011 9:20 PM (in response to kikilee33c)
    Help with a long term rental

    Try Corporate Housing By Owner.  I have had excellent success with this site with stays anywhere from one month to six months or longer.  The renters have been excellent as they are a business cliental and in most cases the company is paying for the stay so they tend to pay my rate without question. http://corporatehousingbyowner.com/

  • sfvacationhut Community All-Star 643 posts since
    Dec 31, 2010
    Currently Being Moderated
    Aug 1, 2011 12:53 AM (in response to kikilee33c)
    Help with a long term rental

    Ever since I started advertising on FlipKey / Trip Advisor, I have been getting lots of requests for stays of one month or more.  In fact, I got a 4-month booking through FlipKey / Trip Advisor ... and that was all set up up during my 2-month FREE trial period!  I could have canceled my FlipKey subscription and kept the 4-month booking, which I would have gotten for free.    Of course, I did renew with FlipKey and buy an annual subscription because of all the response I was getting.   Thanks to FlipKey, I now have a one-month minimum.  I'm fully booked (except for 2 different one-week spots remaining) between now and March 7, 2012.  After that, I'm asking for a one-month minimum. 

     

    This summer (2011), people have been inquiring about staying for a week or two, in April, May, and June 2012, but I have been turning them down.  Thanks to the large amount of requests for month-plus bookings through FlipKey, I'm HOPING I will get the one-month-plus bookings next year.  If the one-month-plus bookings don't materialize, then about 6 weeks before March 7, I will start accepting bookings of less than one month.

    • berkeley New Member 19 posts since
      Jun 1, 2011
      Currently Being Moderated
      Aug 1, 2011 8:36 AM (in response to sfvacationhut)
      Help with a long term rental

      What is the minimum stay you recommend that may help get longer than 3-nights inquiries? what has worked for you?

      • berkeley New Member 19 posts since
        Jun 1, 2011
        Currently Being Moderated
        Aug 1, 2011 8:39 AM (in response to berkeley)
        Help with a long term rental

        Also, is your monthly rate lower than your weekly rate? any advise on pricing differences for weekly and monthly would be appreciated.

        • sfvacationhut Community All-Star 643 posts since
          Dec 31, 2010
          Currently Being Moderated
          Aug 1, 2011 6:00 PM (in response to berkeley)
          Re: Help with a long term rental

          I am asking for a minimum of one month (30 days).

          Otherwise, our calendar will get booked up with smaller bookings.   And then .... when the monthly people come a-calling, I won't have a big enough space in the calendar to acommodate them.

           

          Our weekly rate is $900 + 15% tax, so that comes to $1035.

          Including tax, the revenue for one month, fully booked with one week sessions is ($900 x 4) + tax = $3600 + $535 = $4135.00  That's what the guests are paying, but of course we only get $3600.

           

          Our monthly rent is $2700, and no taxes, so it's just $2700.00.

           

          We get less money for a monthly renter, compared to weekly renters ($2700 vs $3600), but it's worth it for us, not to have to do so many changeovers.  Also, we spend about $200 on maid service, transit passes, welcome gifts, wine, groceries, etc, for each new guest ..... so if we have three less changeovers, that's a savings of $600, compared to $3600.  Therefore, when you compare apples to oranges, it's really more like comparing $3000 booked weekly to $2700 booked monthly.

  • New Member 3 posts since
    Mar 21, 2012
    Currently Being Moderated
    Mar 30, 2012 11:04 AM (in response to kikilee33c)
    Re: Help with a long term rental

    Try www.metrosetter.com, it is a new site only targeted for 30+ day (monthly) furnished rentals.

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