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Updated 14 days ago on . Most recent reply

User Stats

24
Posts
27
Votes
Melissa Adams
  • Columbus, OH
27
Votes |
24
Posts

Is a Midterm Rental a Smart First Investment Strategy in Columbus

Melissa Adams
  • Columbus, OH
Posted

Hi everyone! I'm a first-time investor preparing to buy my first property in the next 6+ months and I'm exploring a midterm rental (30+ days) strategy in Columbus, OH. 
My goal is to generate solid cash flow without getting overwhelmed by short-term turnover. I'm considering targeting: 

*Airline crew near CMH

*Traveling professionals or contractors downtown

I'm trying to decide whether an MTR is a smart first step compared to a traditional long-term rental. 

For anyone who's started with MTRS or made the switch:

*What were the biggest surprises (good or bad)?

*Any pros or cons I should know as a first-timer?

*Did the numbers work out better than long-term rentals?

Thanks for the insight- I'm here to learn and plan carefully before jumping in! 

#MidtermRental #MTR #ColumbusOH #FirstTimeInvestor #ExtendedStay

Most Popular Reply

User Stats

12
Posts
14
Votes
Kelly Bailey
  • Rental Property Investor
  • Austin, Tx
14
Votes |
12
Posts
Kelly Bailey
  • Rental Property Investor
  • Austin, Tx
Replied

Yes, MTR is great for new landlords. Best tenants, less wear and tear on your property and typically 1.5-2x the rental rate compared to long term rentals. I would check out FurnishedFinder.com/stats for Columbus and call MTR hosts in that area. All you need is a reliable cleaner and a handyman to get started. You can even post the property prior to furnishing with "coming soon". Many of us secure our first guest before we've even finished furnishing the property. 

  • Kelly Bailey
  • Loading replies...