MTR Furnished Finder - Traveling nurses - thoughts?

Question

Hey everyone! I'm looking to start medium term renting sometime in the near future, as it seems the numbers in the Old Louisville area make a lot of sense to do so. Good hospital proximity, easy access, and the short term rental permits can take quite a bit of time / have lots of hoops to jump through so I'm not counting on that. Additionally I want to be able to self manage at least for now, and I'm not sure I can do that with STR on top of a full time job, but should be able to with MTR.

Main question- does anyone currently MTR on furnished finder / similar sites in the Old Louisville area? Would love to hear some perspectives on it and if you think it's a viable strategy starting now / in the near future. I'm primarily considering house hacking a 2-4 unit house and MTR the other units.

Thanks!

Bonnie Low · Answer

If you're planning to target traveling medical professionals check on this stats page for Louisville on Furnished Finder https://www.furnishedfinder.com/stats?ci=Louisville&st=K... This is for all of Louisville - not your particular neighborhood that you're targeting. On the plus side, it looks like searches are fairly high and total number of units is fairly low relative to the searches. On the minus side, rents are fairly low overall. This might be ok in Louisville, but you're going to have to be very particular about the location, especially if you're targeting travel nurses. Safety is their #1 priority, especially if traveling alone, which most do.

Mason Weiss · Answer

Definitely a viable strategy starting now in any market where there is strong economic demand. I would encourage you to read 30 day stay if you haven't already!

Andrew Bosco · Answer

Make sure your LTR rates work before your MTR perspective! If you ever want to check an area, then look at these links;

• Furnished Finder - General MTR DataFurnished Finder Traveler Search - manual way to see the competition (look for gaps in demand)Furnished Finder Budget Tool - Good overview of market. Similar to A, but with stipend input (see what travelers can afford)
• Furnished Finder Traveler Search - manual way to see the competition (look for gaps in demand)
• Furnished Finder Budget Tool - Good overview of market. Similar to A, but with stipend input (see what travelers can afford)

• Furnished Finder Traveler Search - manual way to see the competition (look for gaps in demand)
• Furnished Finder Budget Tool - Good overview of market. Similar to A, but with stipend input (see what travelers can afford)

I would check the greater area, but get nitty gritty by specific areas as well. Def look into how you want to make the place look and in what area. Are you targeting a A, B, C or D class area? From there, what kind of place do you want; an A, B, C or D class style apartment? Feel free to reach out if you need anything.

Kevin Hart · Answer

@Isaac Pyle Hey Isaac, I am a realtor and investor in Louisville. I have 7 MTR's in Louisville with 4 of them being in Old Louisville. My units work really well in Old Louisville and stay booked. You do have to make sure you are choosing a good street so the tenants feel safe when they arrive. Happy to help you find a property or just discuss MTR's further. Feel free to reach out. Thanks!

Conner Olsen · Answer

Check Airbnb and find comps for MTRs in the area. Also check FB groups to see if there are other MTR and what their rates are.

MTR Furnished Finder - Traveling nurses - thoughts?

MTR Furnished Finder - Traveling nurses - thoughts?

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