Looking to Mid Term Rent our townhome in Tyler, Tx

Looking to Mid Term Rent our townhome in Tyler, Tx

New to Real Estate · Tyler, TX · Member since 2021 · 15 posts · 8 votes

so Me and my wife have decided to take our first investment Plunge into doing our Townhome into a Mid term rental, we have already talked bout doing airbnb but with that market going the way its going and studying mid term rentals I think its a more doable way to go since we both work full-time. 

We are curious if anyone on here as any experience in this area or Greater east Texas area on doing mid term rentals. we see there are tons of them on furnish finder but worried that since there are so many we may have a problem with making a return on investing in our property but I feel like we would be doing good to at least test the market and learn the Strategy by using our own property. thank you for anyone with any hidden gem advice for us!

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  • Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
    3y

    I'd continue to track them on FF. Do the houses posted tend to stay posted as available a long time, or do you typically see them removed (which hopefully means rented) within a few days? High supply can still work if there's high demand.

    That being said, considering you're using a property you already own, I say dive in. Worst thing that happens is you have to get rid of some furniture.

  • New to Real Estate · Tyler, TX · Member since 2021 · 15 posts · 8 votes
    3y

    thank you for the advice we are bouncing the idea around. or LTR this property and just buy STR rental from our Home equity, and house hack out of this property.

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