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Medium-Term Rentals

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Reet Saran
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New MTR emerging markets

Reet Saran
Posted Jan 2 2023, 17:05

Hi, does anyone have advice for new emerging mid term markets or good existing markets for the same?

Looking to purchase first property up to 400k in any such market.

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Karl McGarvey
  • Real Estate Agent
  • Houston, TX
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Karl McGarvey
  • Real Estate Agent
  • Houston, TX
Replied Jan 3 2023, 11:39

I would look into places with big medical fields. Traveling nurses and doctors got HUGE during the Covid Era, and while they do seem to have scaled back, there is still a market. @Holly Kaufman and I had clients in Galveston recently purchase a condo to be used as an STR and their first booking request was MTR from a traveling healthcare worker... instant MTR! A lot of options down here in our neck of the woods to pursue STR/MTR style properties and potentially pivot between the two as time of year and market needs change.

Good luck, reach out anytime if you would like to chat about STR/MTR!

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Reet Saran
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Reet Saran
Replied Jan 3 2023, 11:44

Great, thanks Karl for the valuable advice!  Really appreciate it!

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Tamera White
Pro Member
  • Rental Property Investor
  • Oakland, CA
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Tamera White
Pro Member
  • Rental Property Investor
  • Oakland, CA
Replied Feb 17 2023, 21:45

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