3 Reasons You Need an SOP for Your MTR Business

🚨 Life happens. Can someone else handle a turnover or pick a tenant the way you would? If not, it’s time to put an SOP (Standard Operating Procedures) in place.

When you start in the Mid-Term Rental (MTR) business, you’re likely doing everything yourself—managing bookings, handling tenant inquiries, overseeing turnovers, and tackling maintenance requests. It works fine—until you can’t show up. What if you get sick? Go on vacation? Glamping with your family in a remote area with no cell service?

That’s where an SOP comes in. It’s a written document that outlines exactly how your business operates, ensuring that everything runs smoothly—even when you’re not available.

Here are the 3 key reasons to have an SOP for your MTR business:

Reason #1. Your Business Shouldn’t Depend on You 24/7

If you had to step away unexpectedly, would your business keep running, or would everything come to a halt because only you know how to do things? I don’t know about you, but I didn’t start this business to create a 24/7 job for myself. An SOP allows someone else—whether a friend, family member, virtual assistant, or co-host—to step in and manage things just like you would. From handling maintenance issues to screening tenants, a well-documented SOP keeps your business operating seamlessly.

Reason #2. It Helps Protect You Legally

Beyond making operations smoother, having an SOP can also help protect you in legal situations. If a dispute arises, you will likely be asked for documentation proving that you run your business professionally and fairly. For example, do you select tenants based on written criteria, or is it just a gut feeling? Having clear, documented processes not only streamlines operations but also reduces liability.

Reason #3. It Prepares You for Growth

Even if you’re just starting out with one MTR property, this is actually the best time to put your SOP together. You can iron out the details and improve your procedures as you gain more hands-on experience. Then, when a new opportunity comes knocking, you’ll already have efficient systems in place, making it easier to scale with confidence.

Final Thoughts

An SOP is more than just another document—it’s your key to freedom, efficiency, and business growth.

And hey, I know sitting down to write out every step in your MTR business might feel overwhelming, but believe me—it’s worth it. Just start with a simple outline and add more to it as you go.

If the thought of writing an SOP from scratch feels like too much, you don’t have to start from zero. You can grab my plug-and-play SOP and tweak it to fit your business. It’ll save you time and make sure you’re covering all the essentials in an MTR business.

Either way, the sooner you put an SOP in place, the sooner your business can run smoothly—even when you’re not around. Trust me, your future self will thank you!