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Long-Term Rental (LTR)

  • Lease length: ≥ 12 months
  • Pros: Stable occupancy, predictable income, lower turnover costs, tenant-paid utilities
  • Cons: Lower yield ceiling, must follow landlord-tenant laws, debt-service risk in high-rate climates

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Medium-Term Rental (MTR)

  • Lease length: 1–12 months (3–6 mo sweet spot) — often PadSplit models
  • Pros: Higher yield than LTR, still solid occupancy (travel nurses, grad students), mitigates high interest rates
  • Cons: Appreciation not always as high, meaning value upon sale is not equivalent to other models

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Short-Term Rental (STR)

  • Stay length: Nightly / weekly (Airbnb, Vrbo)
  • Pros: Highest potential yield, dynamic pricing flexibility
  • Cons: Regulatory risk, intensive management, seasonality, owner-paid utilities
mogul states the operational strategy at the onset with the operation that maximizes risk-adjusted returns for each property based on local regs, demand drivers, and numbers.