This is a transcript of Tim Hubbard's YouTube/podcast episode (Part 2 of a 3-part series) about managing medium-term rentals. The host recaps episode 211 (listing and messaging to attract longer guests) and shifts to handling inquiries, emphasizing that stays over ~28 days often convert guests into tenants with legal rights. He recommends running background checks and tailoring processes because medium-term reservations blur short- and long-term rental rules.
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Welcome back to the Short Term Rental Riches podcast. I'm happy you're here. Again. We're talking about medium term rentals this week and this is actually the second part of a three part series. So if you missed episode 211, go back and check that out. We broke down all the places you're going to want to list your short term rental to attract longer guests. We talked about your actual listing copy what you want to put in there to attract more longer term guests. We talked about streamlining some of your messages, knowing that not a lot of our short term rental software can accommodate medium term stays. It's just sort of a different animal. Right. We need leases and things like that. So go back and check out episode 211 if you missed that. This week we're getting into what we do after we get an inquiry. And these reservations are different. Right. Remember, they're much longer and most of the time our guests are turning from a guest into an actual tenant in our property. So that varies state by state. You want to make sure you look up your state regulations to find out what it is in your local jurisdiction. But most of the time that can be anywhere from 28 days plus. That means if a guest stays in your property for 29 days or 28 plus, then they actually become a tenant and they actually have tenant rights, which could get you into a bad place if you don't have a good tenant in your properties. So we're in this weird sort of reservation length period where we're really managing a long term tenant even though it feels like a short term tenant. So the first thing is we need to run a background check on our guests with.
