Updated almost 3 years ago on . Most recent reply
Suggestions on Markets for Medium Term Investing?
Hi BP Community!
I am getting started to REI and would like to enter the medium-term market (travelling nurses, executives, digital nomads etc..). I have a few questions for the fellow BP members that currently own medium term rentals: Are there any specific states/regions in the US that you believe work better for medium term rentals than other? Are there a couple areas you would suggest would be a good starting point? I am thinking that maybe when I have a couple of recommendations, I can do some further downstream market analysis and choose one. Also, not only will this property be my first medium-term rental but it will also be my first investment property ever so any pointers/words of wisdom/tips would be highly appreciated!
Thank you all so much!
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- Real Estate Broker
- Cody, WY
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The difference between mid-term rentals and long-term rentals is . . . nothing. Same laws. Same lease. Same policies and procedures. A medium-term rental is really a long-term rental leased on a monthly basis.
The market you're looking for are temporary/seasonal employees that want a furnished long-term rental for more than 30 days and less than a year. Think hospitals with traveling nurses, large companies with interns or transitional workers, etc.
- Nathan Gesner
