Furnished apartment for business and medical stays

Traveling nurses and other contract workers, people relocating for a job, companies housing staff, and families between homes or after an insurance event.

A monthly or nightly rate that covers rent or mortgage, utilities, cleaning and supplies, with the difference as your income. Longer stays mean fewer turnovers and less cleaning.

• Organizing and planning
• Clear, friendly communication
• Basic budgeting and pricing
• Handling small repairs or knowing who to call

• Subletting or running a business in a rental usually needs the landlord's written permission, check your lease
• Some cities and counties limit or require a permit for rentals under a set number of days, check local zoning and permit rules
• Lodging or occupancy taxes may apply, check with your state and local tax offices
• Regular renters or homeowners insurance often excludes business use, ask about a short-term or landlord policy plus general liability
• Empty weeks still mean rent and bills, keep a cash cushion
• Check HOA rules, fire safety requirements (smoke and carbon monoxide alarms) and guest safety

Startup costs are typically estimated at around $4,000 to $20,000, depending on the size of the home, how fully you furnish it, and setup items like linens, Wi-Fi and cleaning supplies. Rent and utilities continue even in empty weeks.

Monthly revenue is typically estimated at around $2,000 to $8,000, depending on location, size, furnishing quality and how many weeks you keep it booked. This is revenue before rent and bills, and the estimate assumes at least about 8 hours a week.

Check your lease for written landlord permission to sublet, and local zoning or permit rules for stays under a set number of days. Also check lodging or occupancy taxes, business-use insurance, HOA rules, and smoke and carbon monoxide alarms.