Using the same property as MTR or STR?

[Priti Ag]

Is anyone doing MTRs in the North San Jose area and using their property both for STRs and MTRs within the same calendar year based on demand, seasonality, etc.? Any best practices or things you have found that have worked well for you?

[Jonathan Styer]

We do this with specific properties in our management portfolio here in Columbus. If you're going to do this you need to do it with intention. Best practice is to operate as an MTR and backfill with STR guests because if you open up your calendar to STR guests without tight restrictions, you're an STR.

One booking 6 weeks from now really handicaps your ability to book MTR guests. 

You can also plan your calendar for the year with this in mind if you have a high seasonality market where STR crushes and then dies off.