The art of MTR/STR

[Andrew Bosco]

When considering renting an MTR out vs. LTR/STR (or in combo) - what strategies do you implement on prospecting deals to potentially MTR? What are big key components you view when making sure there is demand in your market?

Here's my strategy: 

1. I make sure the LTR rents cover the mortgage. If they do, then MTR should be sweet. 

2. I look at STR properties and see if the off season can be covered by MTR rents.

3. I look at travel nurses and major professional hubs. 

4. I contact ALE solutions to see if anyone needs insurance relocation. 

5. Post on AirBNB/VRBO, Furnished Finder and FB. 

[Patrick O'Shea]

That list looks solid. I have also previously posted about websites that show traveling nursing positions open. Not all hospitals have them.

https://www.vivian.com/browse-...

Additionally, extend stay hotels existing in a location show there is a demand. Those companies have solid methods to determine demand.