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Updated almost 3 years ago on . Most recent reply

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Brad Hunton
  • Rental Property Investor
  • Granbury, TX
68
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Does a 2/1 or a 4/2 work better for a MTR?

Brad Hunton
  • Rental Property Investor
  • Granbury, TX
Posted

I am currently looking to pivot a little in my real estate strategy and convert a couple of my LTR's to MTR's for the increased revenue. In your experience does a 2 bed 1 bath work well or are the 4 bed 2 bath homes more sought after?  There are very few options at the moment for any MTR's in my area. I do believe there would be a big demand for them once people realize they are out there. Oil field, wind turbine, traveling nurses are all in demand right now. Is it better to go smaller or go as big as you can and do a more rent by the room template? 

Thank you for your input.

Most Popular Reply

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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
1,798
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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
Replied

It totally depends on who you're marketing to. I'm in a lot of groups for travel medical professionals. The vast, vast majority prefer their own space, but will take a room in a house with one or maybe two other people IF the price is right. I see hosts all the time advertising their 4 or 5 bedrooms and the comments are almost always 'I don't want to share with that many people, especially if we're all working different shifts.'  Then again, if your avatar isn't travel medical professionals but rather is families relocating temporarily, insurance claims or even construction workers, you might do just fine with a bigger space. 

  • Bonnie Low
  • [email protected]
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