Newbie - What's everything I need to know about the MTR strategy?

Denver, Colorado
Medium-Term Rentals
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Newbie - What's everything I need to know about the MTR strategy?

Jaclyn KingPro Member
Member since 2023 · 15 posts · 12 votes

I'm a first time landlord and I listed a property for LTR, but have a MTR travel nurse who is interested and qualified. Other than furnishing the space and the shorter lease, what do I need to know about the MTR strategy?

  1. How does seasonality effect vacancy in Colorado?
  2. What do I need to know/do to be competitive for MTRs?
  3. Any other tips would be greatly appreciated.
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Dan H.Pro Member
Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
2mo

There are books dedicated to the subject so this is a partial list:

- the vacancy is typically higher than LTR and we’ll run MTR

- the increased revenue typically compensates for the increased costs (utilities, furnishings, tenant turn overs, etc) and effort but mostly does not increase profit substantially.

- US made furniture is worth the additional cost in the long run.

- furnished finder is most used OTA for mid term rentals but Airbnb and VRBO also have MTR support.

- in most jurisdictions an MTR tenant has the same protections as a LTR tenant.  Make sure your lease agreement is rock solid.

Good luck

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  • Dan H.Pro Member
    Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
    2mo

    There are books dedicated to the subject so this is a partial list:

    - the vacancy is typically higher than LTR and we’ll run MTR

    - the increased revenue typically compensates for the increased costs (utilities, furnishings, tenant turn overs, etc) and effort but mostly does not increase profit substantially.

    - US made furniture is worth the additional cost in the long run.

    - furnished finder is most used OTA for mid term rentals but Airbnb and VRBO also have MTR support.

    - in most jurisdictions an MTR tenant has the same protections as a LTR tenant.  Make sure your lease agreement is rock solid.

    Good luck

    1Reply
  • Aditya Kumar
    Accountant · Kolkata West Bengal, India · Member since 2026 · 10 posts · 2 votes
    2mo

    Well I worked for an MTR based out of Chaffee County, CO. So that was the entire Mt. princeton/Buena Vista belt so the demand was mostly tourism driven. Primary peak in revenues June-Aug and a secondary surge Nov to Feb. Now this equation totally changes based on your location in CO, and what drives the 6-12 months housing demand in your region. 

    Also, furnished finder is a good listing option. And set minimum stay on Airbnb to 28-30+ days. 

    The MTR rates are higher than LTR rates but expect more volatility than LTRs.

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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    2mo
    Quote from @Jaclyn King:

    I'm a first time landlord and I listed a property for LTR, but have a MTR travel nurse who is interested and qualified. Other than furnishing the space and the shorter lease, what do I need to know about the MTR strategy?

    1. How does seasonality effect vacancy in Colorado?
    2. What do I need to know/do to be competitive for MTRs?
    3. Any other tips would be greatly appreciated.

    Check out competition on Furnished Finders.

    [email protected]248-209-6824
    Logical Property Management4.9450 Reviews
    WebsiteView Page
    0Reply
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