MTR with a BRRRR Strategy

[Kenneth Garrett]

I've been investing in MTR's by executing the BRRRR strategy. I've been following the BRRRR strategy for years, but during the last couple of years the MTR has opened up a better ROI at least in the Florida Panhandle. STR is pretty heavily saturated in this area. Lots of competition, but still works.

What I found is the STR principle works for MTR with a lot less headache (no day to day communication with guest and cleaners, it's more hands off especially for the self manager). Still furnishing the unit similarly and the profit is about the same maybe a bit less than STR with the correct tenants. Tenant pool includes lots of military (TDY) training 3-6 months at a time, healthcare workers and construction workers are the core here. Not so much insurance relocation as has been my experience.

What’s been working for you?

[Hoshang Hafizi]

MTRs can be a great strategy, especially in markets where STRs are saturated or facing stricter regulations. Maybe in markets where STR per night is high, it can be profitable but where i live it just didnt make any sense.

In San Antonio, I’ve found that operating mid-term rentals helps maintain consistent cash flow while avoiding competition with traditional short-term rentals. For instance, around 60% of my tenants are travel nurses, which keeps occupancy high and stable. This was the best path to make the numbers work and convert the primary residence into an investment property.