Cross posting from STR forum for better reach. Thank you all for the input!
[MTR/STR PM help] Dear community. I have a 3B2B (Max 8 guests) SFH STR in Austin TX 78704 operating for a about 6 months now. In hot months it's bringing in 6k+ income while in slow months less than $3k. I am planning to move out of the state in Spring 2026 and wonder if converting the home to a MTR would be a better strategy. Same neighborhood Furnished Finder listings are $3.5 - $4.5 per month. Happy to chat with anyone who has some insights!
I think some other things to consider would be: - finding STR and MTR management + how hands off / on do you want to be + cost to operate - can you boost your current income and reduce vacancy as STR by adding amenities
I think some other things to consider would be: - finding STR and MTR management + how hands off / on do you want to be + cost to operate - can you boost your current income and reduce vacancy as STR by adding amenities
- I will need to be very hands off and rely on PM regardless if i's STR vs MTR. Mostly since I will be out of the state and I am very busy with my primary job.
- I have been having a harder time to reduce vacancy. We have introduced a few amenities in the backyard. We have also considered a cowboy pool but are unsure if it's worth the investment.