PadSplit is the largest midterm rental provider in the nation
What is a midterm rental?
Midterm rentals bridge short-term and long-term leases, lasting from one month to under a year. Ideal for professionals or students, they provide furnished spaces with utilities. Midterm rentals offer property owners a steady income with less commitment.
Core features of midterm rentals
Duration
Typically spans 1 to 12 months.
Tenant demographic
Attracts professionals on short-term assignments, college students, traveling nurses, or individuals in transition between permanent residences.
Furnishing options
Frequently offers furnished accommodations, making moves smoother for tenants.
Utilities
Often includes utilities in the rental package, making monthly payments simpler.
Permanence
Provides tenants with a more stable housing option compared to month-to-month rentals, yet maintains flexibility.
Pros & cons of midterm rentals
Pros
Higher Income
Midterm rentals often earn more money than long-term leases.
Flexibility
Property owners can adjust rates and make changes more easily.
Lower Vacancy
Less time between tenants means fewer empty periods.
Less Wear
Shorter leases mean less wear and tear on the property.
Cons
High Turnover
More tenant changes are a hassle.
More Work
Property owners must manage more administrative tasks.
Income Variability
Rental income may fluctuate more.
Furnishing Costs
Furnishing and maintenance can be expensive.
Why PadSplit is the #1 midterm rental marketplace?
PadSplit is great for property owners listing midterm rentals due to:
Specialization
We primarily focus on midterm rentals, attracting tenants specifically looking for this type of housing.
Shared housing
Owners can rent out individual rooms, maximizing their rental income.
Management
PadSplit handles tenant screening, leases, and rent collection, easing the workload for owners.
Furnished rooms
Properties come fully furnished, appealing to tenants and lowering upfront costs for owners.
Support
We offer resources and assistance with property management, making the process smoother for owners.
