FAQs on Mid-term Rental (MTR)

What is MTR?

  • Mid-term rental: Usually lasts 30 days to 6 months, potentially up to a year
  • Common reasons for seeking mid-term rentals:
    • Insurance claims (e.g., flood, water damage, fire)
    • Need for furnished accommodations
    • Short-term housing for students
    • Families in transition between homes
    • Families undergoing home renovations
  • Typically furnished like short-term rentals (STRs):
    • Includes furniture, fully equipped kitchen, linens, towels, and laundry facilities
  • Landlords often cover utility costs:
    • Water, trash, electricity, gas, internet
    • Special insurance may be obtained for mid-term rental properties
  • Cost to furnish varies based on:
    • Property size
    • Quality of furniture and accessories
    • Location
    • Target market
  • Furnishing costs range from $15,000 to $30,000, depending on various factors