Mastering Calendar Management for Mid-Term Rentals

Hi, I'm Vivian Yip, founder of Corporate Rentals USA by Hestia. Our business focuses on mid-term rentals (MTRs), offering a perfect solution for professionals, families, and anyone needing a temporary home away from home. In this blog post, I’ll share insights on managing calendars for furnished rentals, exploring different strategies, and highlighting the best practices to maximize your rental business. 

Understanding the Three Rental Strategies 

Successfully managing a furnished rental business involves choosing the right strategy to balance occupancy and profitability. 

Here are the three main strategies: 

Short-Term Rentals (STR): 

Ideal for brief stays, usually less than a month. 

Higher nightly rates but subject to frequent turnovers and variable demand. 

Mid-Term Rentals (MTR): 

Perfect for stays ranging from one to six months. 

Offers stability and often attracts business travelers, relocating professionals, or families between homes. 

MTR/STR Hybrid: 

Combines both strategies to maximize occupancy and income. 

Flexible approach to cater to different market segments based on demand. 

Effective Calendar Management: Dual Listings vs. Dynamic Pricing Tools 

Dual Listings 

Some hosts use dual listings to separate their STR and MTR offerings. 

Here’s how it works: 

Separate Listings: One listing is dedicated to STRs, and the other to MTRs. 

Instant Book Off: Ensures MTR listings are not booked for short stays, maintaining availability for longer-term guests. 

Risks and Challenges: 

Platform Policies: Airbnb and other platforms may flag dual listings as risky or fraudulent due to AI algorithms. 

Complexity: Managing two separate calendars can be cumbersome and may lead to double bookings or availability issues. 

Dynamic Pricing Tools 

I prefer leveraging dynamic pricing tools like Pricelabs or Wheelhouse. These tools allow for a more streamlined and efficient approach: 

Single Listing: Manage both STR and MTR bookings from one listing. 

Custom Settings: Use dynamic pricing to adjust rates and availability based on demand and market conditions. 

Flexibility: Attract MTR stays during peak seasons and fill gaps with STR bookings during slower periods. 

Best Practices for Using Dynamic Pricing Tools 

Set Minimum Stay Requirements: 

Adjust your listing settings to prioritize MTRs by setting minimum stay requirements during high-demand periods. 

Regularly Update Pricing: 

Use pricing tools to automatically update your rates based on real-time market data, ensuring competitive pricing. 

Monitor and Adjust: 

Continuously monitor booking trends and adjust your strategy as needed to maximize occupancy and revenue. 

Exclusive Training Resource 

To help you master mid-term rental calendar management, we’ve created an exclusive training video. This resource provides step-by-step guidance on using dynamic pricing tools effectively, ensuring you can optimize your rental strategy for maximum success. Watch the training video here. 

Managing calendars for mid-term rentals requires strategic planning and the right tools. By understanding the different rental strategies and leveraging dynamic pricing tools, you can ensure high occupancy rates and a profitable rental business. At Corporate Rentals USA by Hestia, we're here to support you every step of the way. 

If you have any questions or need further assistance, feel free to reach out. 

Let's make your rental business a success! 

Best regards, 

Vivian Yip 

Corporate Rentals USA by Hestia