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Updated 13 days ago on . Most recent reply

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Wilson Sung
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Newbie Here. Seeking inputs on if my home is suitable for MTR or not

Wilson Sung
Posted

The AI algorithm led me to this rabbit hole and now I am stuck in analysis paralysis.  I am moving out of the state and I need to decide on what to do with the home.  Initially I was just going to move/trash everything and do un-furnished traditional rental, but the MTR popped up and I'm trying to figure out if MTR works here.  

The property has 2 stories, 3 car garage, 5bd/3ba, 2600 sqft, has office and family room with private pool.

My initial thought is that my home is too large for the traveling nurse tenant pool.  The location (85224) already has enough extended stay hotel brands that I don't think corporate tenants are allowed to book elsewhere.  

Please let me know your thoughts and what additional analysis I should do.

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Allen Duan
#1 Medium-Term Rentals Contributor
  • Property Manager
  • Los Angeles, CA
424
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Allen Duan
#1 Medium-Term Rentals Contributor
  • Property Manager
  • Los Angeles, CA
Replied

Don't make the mistake of assuming travel nurses are the only or primary MTR guest type. There are many other MTR guest types, especially for four bedroom home. Look up comps on Airbnb to get an idea of the supply as well as how much you could rent for as an MTR. Four bedroom homes are great for insurance bookings for example. My gut tells me MTR will be a good option with the right marketing. We have a handful of four bedrooms in Los Angeles that do great.

  • Allen Duan
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