When I evaluate a property in Denver for mid-term rental (MTR) use, I’m not just looking at the surface numbers. I go deeper—because the difference between a breakeven deal and a great one often comes down to the setup.
Here’s my real-world process:
- Zoning and Use Compliance
First, I check whether the property is legally able to be used for short or mid-term stays. In Denver, this means reviewing zoning codes, HOA restrictions, and city-level ordinances. I don’t cut corners here.
- Layout and Unit Flexibility
The best MTRs have private bedrooms, shared amenities, and multiple bathrooms. Properties that allow me to create privacy within shared space perform better.
- Location Relative to Hospitals, Business Centers, and Transit
MTR tenants tend to be traveling professionals, nurses, remote workers, or those in life transitions. I target locations near job centers, hospitals, or walkable areas.
- Furnishing Costs and Setup Time
I factor in the cost of quality furniture, Wi-Fi, utilities, and digital access (smart locks, thermostats). The ease of set-up is part of my decision-making.
- Cash Flow Modeling at 92% Occupancy
I use a conservative 92% occupancy and plug in realistic rent numbers for furnished rooms or units. If it doesn’t pencil out at that rate, I pass.
- Maintenance Load
Shared units have wear and tear. I calculate cleaning costs, minor repairs, and tenant turnover into my cash flow plan.
Mid-term rentals are not passive, but they are powerful. And in a market like Denver, they fill a real need—between Airbnbs and long-term leases.