STR, MTR or LTR?

[Sammy Marshall]

I've been seeing a lot of posts on here about investing in Columbus due to its expansion in the tech industry. My question is, if I were to buy a property in the Columbus area, would I market it as a STR, MTR, or LTR? If people are looking to move there full time for a new job, I'm assuming STR is out and people would need a MTR while they're trying to find their forever home or a LTR if they weren't looking to buy. For people that do MTR and LTR, how much a month would you be looking to make for it to be considered a "good investment"?

I've only ever researched and looked in depth into STR but would be interested in expanding if the numbers of a MTR/LTR outweighed the benefits of a STR.

Thanks in advance, everyone!

Sammy

[Peter Dorinsky]

Quote from @Sammy Marshall:

I've been seeing a lot of posts on here about investing in Columbus due to its expansion in the tech industry. My question is, if I were to buy a property in the Columbus area, would I market it as a STR, MTR, or LTR? If people are looking to move there full time for a new job, I'm assuming STR is out and people would need a MTR while they're trying to find their forever home or a LTR if they weren't looking to buy. For people that do MTR and LTR, how much a month would you be looking to make for it to be considered a "good investment"?

I've only ever researched and looked in depth into STR but would be interested in expanding if the numbers of a MTR/LTR outweighed the benefits of a STR.

Thanks in advance, everyone!

Sammy

Hi Sammy! As already mentioned, any of these strategies can work in the Columbus market. But the strategy that works best for you will also depend on your budget and if you have any preferred zip codes that you'd like to invest in. Getting in contact with local property managers can help give you an idea of what kind of rents to expect based on the property and location. Start analyzing properties using each strategy and see what works for you. It also depends on your level of tolerance, are you planning to self-manage or would you be looking to hire a property manager? Happy to connect and chat more if you're interested.