Finding MTR tenants

[Doug Fluckiger]

Our plan starting out was to do MTRs exclusively for all the reasons everyone does. The problem is consistently finding tenants. FurnishedFinder gave us exactly one tenant for <30 days and it was a mess (collecting rent, contract, etc.) Not impressed with FurnishedFinder. We've had a few 30-day + tenants from Airbnb and we love 'em, but not enough to pay the bills. Memphis is a "super hub" for FedEx and I've tried reaching out to them; there are other online marketplaces for traveling professionals housing, but no dice. We have several hospitals <10 miles from us, our prices are competitive, still no dice. We had to start accepting shorter and shorter STRs to pay the bills and those are one disaster after another, to the point that we're considering selling out altogether. How do you consistently find those MTR tenants?

[Hunter Reed]

Doug, get in contact with the housing directors for the hospital. Once you reach out to the HR department ask them which travel agencies they are working with. More than likely these agencies are working with multiple different hospitals. Build a relationship with the recruiters and they should gift you withe MTR tenants consistently. 

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