7 Replies Latest reply: Mar 30, 2012 11:04 AM by mattj RSS

    Help with a long term rental

    New Member

      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!

        • Help with a long term rental
          Contributor

          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/

            • Re: Help with a long term rental
              New Member

              Thanks so much...I was considering them..I just wasnt sure about keeping it rented for the year.  We really need it rented for the year with no interupptions and I was told that they only rent for 3 months at a time..any thoughts on this..also where are you located?Thanks again for your help!Respectfully,Kirsten

            • Help with a long term rental
              sfvacationhut Community All-Star

              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.

                • Help with a long term rental
                  berkeley New Member

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

                    • Help with a long term rental
                      berkeley New Member

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

                        • Re: Help with a long term rental
                          sfvacationhut Community All-Star

                          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.

                    • Re: Help with a long term rental
                      New Member

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