Mid Term Rental Market/Pocket
Hi everyone!
I'm currently conducting research on the mid-term rental market and I'm quite interested in it. I'm searching for a wide range of information sources, but I'm still struggling to fully comprehend how to identify a suitable market and a specific pocket within that market. I would greatly appreciate any ideas or guidance you can provide to help me choose a market and begin my venture.
Thank you in advance for your assistance!
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#2 Medium-Term Rentals Contributor
- Real Estate Consultant
- Reston, VA
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#2 Medium-Term Rentals Contributor
- Real Estate Consultant
- Reston, VA
Hi Hadar! I’m a MTR property manager that’s in 8 different markets. We have inventory in big cities like DC and NY but also small towns like Dover, DE. The short answer is that MTRs can work anywhere however the MTR strategy requires you to be proactive. MTRs won’t work if you list on Airbnb and the other OTAs and don’t proactively reach out to insurance companies or relocation companies that require housing.