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Luther said that one alternative property owners are increasingly turning to is midterm rentals, or terms longer than two weeks or 30 days. They still generate more cash flow than traditional long-term leases, but they're easier to manage in the current market. There's a steady demand for these properties because they are often rented to traveling professionals, she said.
Luther added that one of the most significant advantages of midterm rentals is having a month-to-month lease with tenants. This makes it easier to refinance the property with a bank because you have a lease to show the lender. The lender doesn't necessarily know that it's a midterm because there's often no set term defined on the agreement, she added.
She said the only people successfully"BRRRRing out right now" are either flipping their property to a midterm rental or finding the right loan product.
France Dernières Nouvelles, France Actualités
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