Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
3y
MTR for nurses? Kokomo used to have a lot of factories. Theres still a Chrysler plant up there and i think a Delco plant maybe. I dont know anyone with MTR or STR that way.
Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
3y
MTR for nurses? Kokomo used to have a lot of factories. Theres still a Chrysler plant up there and i think a Delco plant maybe. I dont know anyone with MTR or STR that way.
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
3y
Grew up in Kokomo. My dad worked at Delco (GM) for 25 years. It's fairly blue collar. Lots of auto manufacturing, steel, and some hospitals jobs. Other than that it's pretty limited. Next to nothing for STR demand.
MTR for nurses? Kokomo used to have a lot of factories. Theres still a Chrysler plant up there and i think a Delco plant maybe. I dont know anyone with MTR or STR that way.
Grew up in Kokomo. My dad worked at Delco (GM) for 25 years. It's fairly blue collar. Lots of auto manufacturing, steel, and some hospitals jobs. Other than that it's pretty limited. Next to nothing for STR demand.
Grew up in Kokomo. My dad worked at Delco (GM) for 25 years. It's fairly blue collar. Lots of auto manufacturing, steel, and some hospitals jobs. Other than that it's pretty limited. Next to nothing for STR demand.
What about the new battery plant being built?
It's more factory jobs which is the bedrock economic driver for the city. Pretty cool that Indiana is trying to become the leader in the EV and battery production.
The big three are under a nation wide strike right now. I'd take caution investing in factory towns. Supply chains run deep... GM already decided to layoff 2000 employees over the strikes. The next UAW strike announcement is at 10am.
Lender · Asheville, NC · Member since 2016 · 1k+ posts · 1k+ votes
2y
Have you tried searcing Furnished Finder to see what searches turn up for your city? You can enter any city and see the dashboard statistics on the number of site visitors looking for stays in your area and how your city ranks against the rest of your state for numbers of inquiries. It's a good place to start. While FF was initially created to serve travel nurses, its audience and users are much broader now. People with only a surface level understanding of the MTR market will point to hospitals and say there's your draw for MTRs. However, with so many more people nowadays looking for longer term stays and discovering the midterm option, your potential guest pool may be larger than you think. I say that with a big caveat, however. Your property type needs to meet your prospective guest avatar. Travel nurses tend to prefer smaller units, near hospitals and above all in a safe neighborhood. Sometimes families are displaced due to property damage at their own homes and need a temporary residence while theirs is being repaired - this is the insurance placement strategy. They need a bigger, higher end property and proximity to school districts is usually key. These are very opposite ends of the MTR spectrum just to illustrate that it's very broad. Airbnb has a longer stay option so you can try searching there as well to see what type of competition is in your area. You'll get an idea of demand by looking at their calendars to see how booked out they are. And, of course, you can look for extended stay type hotels. This is always a good indicator that there is demand for smaller unit midterm stays in your area, but the absence doesn't indicate there is no demand. Hope this helps!