All Forum Posts by: Adrian Vann

Thanks - Yes, some are probably newer with no reviews and other have 2-3, which for a MTR probably makes sense depending on when they started / how long their rental terms have been.  However, what concerns me is amount of inventory there currently that is completely available over the next few months. 

Really I'm open to ANY types of MTR renters (insurance placements, families during renovations, etc.).

Thanks for the encouragement. I'm just trying to figure out how to buy the NEXT one. :)

As I comp my 3/2.5 primary residence on FurnishedFinder and Airbnb, I saw a lot of availability around White Rock Lake, which does concern me somewhat as I would need to cover the first mortgage with rental income.  Most are in less desirable neighborhoods / are less updated, but some are on par if not better. Any thoughts there?

As I comp, should I be concerned that I see 10+ MTRs that don't appear to have any bookings (they show available for the next few months?  

I searched for 1 month at a time and 8 months at a time to get a feel for the current inventory. 
I have a single family 3/2.5 in East Dallas (near White Rock Lake) in a nice safe, family-oriented neighborhood, but I'm wondering if it's too large for most or the location is not close enough to hospitals, etc. 

My all in is about $4,100 which includes $180 required flood insurance. If it became a rental, this would go up due to losing the homestead. It’s possible I could get closer to $4,000 in LTR rent but a real estate agent ran comps and reported it might be a stretch / bring higher DOM.

That being said, if I can truly get 1.5-2x on average with on MTR, I’m sold in a heart beat. My wife is an artist /interior decorator too and makes beautiful spaces on a budget, so would kill it with MTR, I think. 

This is helpful info. Any changes over the past two years? 

Curious (not trying to be a nanny goat): Do you have to get permitting for a project like this? It seems like most cities (at least where I live in Dallas) would sign-off on a project like this.

Sounds like you've grown into a good problem - scale. I'm very much an MTR newbie, but as a principle the more scale you have the more you need support and systems.  This happens in any organization. Keep us posted. 

Picking this one back up: Dallas has restricted most short term rentals except for in certain areas as of this past summer. City of Dallas Short-Term Rentals code How is that impacting MTR in Dallas? Are you finding MTR to be increasingly competitive? 

I have a 3/2.5 in Old Lake Highlands near White Rock Lake (~1 mile) that my family and I are living in as a primary residence, but I have been thinking about house hacking into another house and then doing a MTR on this 3/2.5. The house is valued at $745k or so, and we have about $300K equity in the home.  I'm trying to figure out if I can get the consistency in MTR for the price I need to cover the mortgage.  Doing a LTR would likely be a negative cash flow.  I'd like to keep the house for long-term appreciation since it's in a good school district and has low crime. Would welcome anyone's thoughts!