MTR / STR in Ventura county
Hi!
Curious to hear about people's experiences with MTR /STR in Ventura county (Thousand Oaks, Oxnard, Ventura, Ojai, Camarillo, Simi Valley). The numbers seem to be decent according to Airdna (which I understand covers STRs, not MTR).
I'm moving to Thousand Oaks and thinking on investing in couple properties that I would take care of myself.
Thank you!
Anya
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Allen Duan
#3 Medium-Term Rentals Contributor
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#3 Medium-Term Rentals Contributor
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- Los Angeles, CA
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Allen Duan
#3 Medium-Term Rentals Contributor
Pro Member
#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
Hi Anya, this isn't quite in Ventura county, but we manage a MTR in Van Nuys as well as many more in LA county. Our MTR rates are around 50-100% higher than LTR rates and I imagine that would be similar in Ventura county. In such a large urban area like SoCal, I believe MTRs are always a great strategy since there are some many different people needing flexible furnishing housing.