Your advice on MTR’s in Montgomery

[Shaylynn O'Leary]

Hello all, 

I’m thinking of putting an offer on a place in Montgomery. My plan is MTR. What do you know about MTR’s in the Montgomery market? Any advice is very much appreciated. 

[Zachary Deal]

Hi Shaylynn, not sure on Montgomery specifically, but I just flagged this advice in another forum. One easy way to start evaluating a market is looking on Furnished Finder, VRBO/Airbnb (30+ day stays), and Zillow to find other listings in your market and see how many, what they are charging, and generally what they look like.

[Shaylynn O'Leary]

Hi Zachary,

Thank you for your response! Yes, I know how to evaluate metrics for MTR in a given market. I guess I should have worded my post differently. My inquiry is more of hearing someone's first hand experience in Montgomery with their MTR. For example, I've recently spoken to someone about their MTR in Montgomery and they shared their MTR experience has seasonal occupancy, hard to find boots on the ground, contractors are slow and many do not take credit cards for payments, etc. Things that you would only be privy to actually being in the market.

Thanks for you help and input. I sure appreciate it. 

[Jeremy Jareckyj]

Quote from @Shaylynn O'Leary:

Hello all, 

I’m thinking of putting an offer on a place in Montgomery. My plan is MTR. What do you know about MTR’s in the Montgomery market? Any advice is very much appreciated. 

 My friend has two MTRs here and he does really well! has been for years .. 

I would try to find a short term/mid term rental friendly agent who might be able to give you super accurate feedback on the market

[Shaylynn O'Leary]

Quote from @Jeremy Jareckyj:

Quote from @Shaylynn O'Leary:

Hello all, 

I’m thinking of putting an offer on a place in Montgomery. My plan is MTR. What do you know about MTR’s in the Montgomery market? Any advice is very much appreciated. 

 My friend has two MTRs here and he does really well! has been for years .. 

I would try to find a short term/mid term rental friendly agent who might be able to give you super accurate feedback on the market

@Jeremy Jareckyj Thank you for your insight. Is your friend that has the MTR's in Montgomery on Bigger Pockets?

[Zachary Deal]

Quote from @Shaylynn O'Leary:

Hi Zachary,

Thank you for your response! Yes, I know how to evaluate metrics for MTR in a given market. I guess I should have worded my post differently. My inquiry is more of hearing someone's first hand experience in Montgomery with their MTR. For example, I've recently spoken to someone about their MTR in Montgomery and they shared their MTR experience has seasonal occupancy, hard to find boots on the ground, contractors are slow and many do not take credit cards for payments, etc. Things that you would only be privy to actually being in the market.

Thanks for you help and input. I sure appreciate it. 

 Makes sense! I would recommend attending local RE meet ups if possible. Meetup.com and BiggerPockets are great ways to find local events

[Matthew Powell]

@Shaylynn O'Leary do you mind discussing your financing options for your MTR? I am looking at one in the area and not sure the best option is to gather a large asking price.

[Nicole Heasley Beitenman]

Have you gone to a local meetup? That's typically the best place to get market-specific information.