All Forum Posts by: Robin Smith

Hi Eric,

Am I understanding that you want to pivot from LTR to MTR?  If so, then find out if you are close to any hospitals (within 15-20 miles).  If it is a trauma center then even better.  Level 1 trauma center is the best. Your property might be close to large factories.  They always have admin visit for a month at a time. 

There is a stats page on furnishedfinder.com that you can use to see what midterm rentals are asking for in your area, based on bedroom count. There is not a lot of data for MTR comps so I look on FF to see how many MTRs are in my area and what the rate is, and I play around with AirBnb to see what  a monthly stay would cost.

Hi Jamie!

I just saw your reply to another MTR post where you uploaded a graph of the Philadelphia market. I need a tool like this as I am in a unique situation down here in south LA, and I want to start investing in MTRs but there’s not much data besides AirBnB listings and FF. Can you tell me a little more about that Monday.com feature because I’d like to make something similar? 

Hi Lily.  I have listened to NUMEROUS episodes Of LLD.  They mention 2 times the rent a lot, but there are more episodes where guests have not charged that much more for a furnished unit.  From my recollection of the episodes, a lot of guests mention 1.5 times, which is 50%. I agree with you that twice the amount sounds a little high (unless you are in a high demand/low supply area). 

Ask yourself this....if you don't have the required permits and something happens to your property, will your insurance cover your claim?

Hi all!

I am currently a high school math teacher who will be retiring in the next year or two.  I'm ready to start expanding my MTR portfolio and am currently in the "educate myself" phase.  

Hi Brady! Small world indeed.   Didn’t I teach you? 

Hi! Thank you so much! I live in Brusly. I just joined the Red Stick REIA Facebook group this morning! Y'all meet up at the Crown Plaza right?

I'm new to this real-estate investing business  Very new!  I'm want to start buying properties to use for MTRs.  I need an agent, and a mentor! Any recommendations for either?