How to Upgrade Your Furnished Rental to Attract Mid-Term Tenants
As a landlord in today’s competitive rental market, positioning your property to attract mid-term tenants can be a game-changer. Mid-term tenants typically staying for 30 days or more, and provide the perfect balance between short-term guests and long-term residents. With fewer turnovers than short-term stays and more flexibility than year-long leases, mid-term tenants offer a steady stream of income with less hassle.
At Furnished Finder, we understand what it takes to create an inviting space that appeals to tenants seeking a comfortable place for a few months. Here are our top tips for upgrading your furnished rental to attract mid-term tenants.
Invest in Quality, Versatile Furniture and Appliances
Quality matters when it comes to furniture and appliances, especially for tenants staying for a few months. Consider investing in versatile pieces that are both stylish and durable, like a comfortable sofa that doubles as a sleeper or a sturdy dining set that can serve as both a dinner table and a workspace. Modern, energy-efficient kitchen appliances also add significant value. Mid-term tenants often want the convenience of home-like amenities without worrying about frequent replacements or breakdowns. By choosing well-made furnishings and appliances, you create a space that feels like a true home away from home. For a full checklist of essential furnishings, check out our resources here.
Create a Comfortable, Inviting Atmosphere
Tenants staying for a few months are looking for more than just a place to sleep—they want a comfortable, welcoming environment that feels like home. Start with the basics: ensure that your rental is cozy and inviting with quality bedding, plush towels, and comfortable seating. Then, add personal touches such as throw blankets, decorative pillows, and tasteful artwork. Fresh flowers or indoor plants can breathe life into the space, making it feel warm and welcoming. Don’t forget the lighting—both natural and artificial lighting are crucial for creating a bright, cheerful atmosphere.
Offer Flexible Lease Terms
Flexibility is key when targeting mid-term tenants. Unlike long-term leases, mid-term rentals appeal to professionals on extended work assignments, students, or families in transition—all of whom appreciate adaptable lease options. Consider offering leases for periods of three to six months, or allow tenants to extend their stay on a month-to-month basis. This flexibility will make your property stand out to a wide range of potential tenants who may not be ready to commit to a year-long lease but want more stability than a short-term stay.
Provide High-Speed Internet and Utility Inclusions
Today’s tenants are often working remotely, so high-speed internet is non-negotiable. Ensure your property offers reliable, fast internet as part of the lease package. Including utilities like water, electricity, and gas can also simplify the renting process for tenants and make your property more attractive. One less bill to worry about is always a bonus! Including these amenities in the rent makes your rental more convenient and cost-effective for tenants, boosting its appeal in a competitive market.
Maintain a Spotless and Well-Maintained Space
A clean, well-maintained rental is critical to attracting mid-term tenants. Make sure your property is in excellent condition before new tenants move in. Regular maintenance checks and prompt repairs show tenants that you care about the property and their comfort. Hiring professional cleaners for a deep clean between tenants will keep your rental looking its best. A fresh, clean environment not only enhances the appeal of your space but also sets the tone for a positive tenant experience.
Emphasize Local Amenities and Conveniences
Mid-term tenants often choose rentals based on location and proximity to local amenities. Highlight the best features of your neighborhood, such as nearby parks, grocery stores, restaurants, fitness centers, and public transport options. A welcome guide with detailed information about the area, including local events and activities, can help new tenants quickly feel at home and make the most of their stay.
Prioritize Safety and Security
Safety is always a priority for tenants, especially for those staying mid-term. Ensure your property is secure by installing good-quality locks, smoke detectors, carbon monoxide detectors, and, if possible, a security system or cameras. Providing these safety features not only protects your tenants but also gives them peace of mind, making them more likely to choose your rental for their extended stay.
Promote Open, Responsive Communication
Good communication is key to maintaining a positive relationship with your tenants. Be approachable and responsive to their needs and concerns. Clearly outline how tenants can reach you in case of an emergency, and consider scheduling regular check-ins to address any potential issues before they become problems. Open lines of communication help build trust and encourage tenants to stay for the entire duration of their lease or even extend it.
Concluding Thoughts
Upgrading your furnished rental to appeal to mid-term tenants doesn’t have to be a daunting task. By focusing on quality furnishings, a comfortable atmosphere, flexible lease terms, essential amenities, and proactive communication, you can make your property a sought-after option for those seeking a temporary home. Start with these tips and explore more resources on Furnished Finder to maximize your rental’s potential and ensure consistent occupancy with mid-term tenants.
Visit Furnished Finder for more insights and strategies to enhance your rental property today!