House Hack / Medium term rentals
I am located in Belmar NJ and am doing MTRs currently. I do regular rentals as well and did Air bb too.
Was wondering if there is anyone in the area that is doing similar, where are you finding your MTR leads other then Furnished Finder.
I currently LTR one property and do some Airbnb in my primary residence but have only utilized furnished finder for my MTR research. We plan to MTR this house to nurses and military in the area once we move to the next primary. I have heard others using rent.com and apartments.com to get a feel for what pricing should be, but you could also set up an account as a landlord and see what you can catch!
I wish you the best!
From my humble investing start in 2020, all are good. Depends on how much time you really want to dedicate to it. Air bb was most cash of course, but MTRs to me make a lot of sense as a common ground between STRs and Annual rentals. Usually good tenants, quieter and 90 day leases or so are really nice too.
Pros: cash, short tenancy Cons: more wear and tear, more managing bookings
Pros: Less management, Money is higher then Annual rentals, usually 90 day leases
Cons: Limited pool of tenants, and area needs to be attractive for them to stay/work there
We're in Los Angeles and get most of our bookings through Furnished Finder and Airbnb. In distant third would be Facebook marketplace. You can find local groups where people post rentals and list all your properties there for free.