SFR Primary Residence into MTR

[Frederick Peregrino]

Hello everyone, I would like to get starting in MTR. I'm looking into turning my primary residence 3BR 3BA 2500 sqft into MTR. My thoughts is to utilize my existing furniture and add or update any more furniture needed. Basically, I'm seeking advice on how to best execute this plan or resources to where I can further educate myself, thanks.

[Allen Duan]

I’d recommend working with a designer to furnished and decorate your place, unless you have an eye for design yourself. There are so many badly set up MTRs out there that it will easily set you apart. Also, do you analysis to determine if you want to rent out the entire home or by the room. Your place has good potential for rent by the room with one bathroom per bedroom. 

Who is your target customer? How is the demand for them in your area? Check out the MTR podcasts episodes and the 30 Day Stay book is a great overview if you’re new to MTRs.

Happy to answer any other questions. Good luck!