I am on a new mode here and seriously thinking of changing my 1, now 2 day minimum to much longer stays. After my chilian cooks the idea of someone like that staying for 2 weeks terrified me. But since many alterations of my rules i have mostly no problems with my guests anymore and 99% of them are very good experience for me ,i am inclining more and more to longer terms such as months. But not for December-March period, only for low season.
Since i started giving monthly discount which comes to 1K per room a month, i had 2 bookings. One is on half of their stay. FANTASTIC. Girls are hardly home, work a lot. Very clean, quiet and with one i am almost a friend. They left for Father’s day and i am sad, believe it or not, i miss them.
Another is coming on Tuesday, Harword law graduate, just got a job here. I warned him about cooking, he said, no worries, i will be working 80 hours, i have no time for cooking at all.
SO, it can work!. There are all kind of situations, and there are some people there who dont need to spend hours on a kitchen. And i would never make these money on a one room if i rented it by day for 50$. Its so slow here.
ANother property, a separate house. SInce October when it went live, i struggled with renting it. 2 days here, 2 days there, a week mostly. With the house i had all kind of guests, its harder to control them when you are not around.
Lots of work, inquires in 100s and then no bookings. And all these inquires need to be answered.
Now, i discovered a whole new type of renters. They are seasonal worker who come here on business. They rented from me before but for a week. This time its 2 months. During summer! 4500$ a month!.
My rate was at 200$ a day for 8 people. Last month i only sold 9 days which brought it to 1800$.
Now i have only 3 guys staying and their company pays for them, we signed lease, and i am paid until mid of August. They are building cover for Dolphin stadium in Miami. This is day 2 after they moved in and i still can not believe that the struggle is over at least until mid August.
And thats only happened after i started giving monthly discounts.
So, my questions for hosts who are doing long term rentals, is it working in a long run? DO you like it more than when it was day by day? What happens if you get a guest who you cant stand? Was there a time when you interrupted guest stay because it was impossible, and how did that work?