Folks need a place to live, and employers need employees who live close to their jobs. Being a prospective tenant is like being a job applicant. Almost every long-term rental will have a slew of folks looking at it. So how do you beat the competition?
Converting some vacation rental properties to long-term rentals will certainly help, but there is clearly also a need for newly constructed smaller apartments as well as in-law units, tiny homes, and cohousing properties geared toward folks who want to rent long-term without a bunch of roommates.