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