All Forum Posts by: Matthew Masoud

This is an unpopular opinion in the MTR space but I think you should stay away from single family homes.

They typically only work as MTR or STR making it a risk.

Only purchase real estate that works as a LTR as well.

I'd start with a 3-4 unit and rent them all MTR.

I personally believe all the markets you just mentioned have great MTR potential.

 6 unit apartment complex. All side by side, 1 bed 1 bath units

 For the most part yes. We are seeing some military due to being near a base. 

 What helps with the transition knowing there is freedom at the end of the journey. 

It's hard, as hell but the alternative is more hell.

This is my P/L from a 6-unit property in Dayton, OH for July.

All 6 units have been converted to MTR.

C-Class area near major hospital (believe it or not purchase price $210k) Cap Rate: ~31%

We have 32 units in this market. Just goes to prove MTR works in small markets too

*Water is paid quarterly.

We do this in California.

5 Bedroom 3 bath house rented by the room.

We had a lot of issues at the beginning mostly centered around cleanliness of common areas (Bathroom, Kitchen, Living Room).

We scheduled a biweekly cleaner and issues went down to near 0.

Be very selective with your tenants get the place cleaned regularly and chances are it'll be fine.

Running the numbers simply means calculating the income and subtracting the expenses.

The fancy term for this is underwriting but essentially you're trying to estimate how much you will make from this property.

You'll want to estimate

- Taxes

- Insurance

- Maintenance

- Utilities

then subtract them from your potential income

1. Make sure you are on all the platforms.

2. For FF tenant have a direct booking site where they can finalize their reservation.

3. My best source to connect with traveling agencies as been furnish finder. Every once in a while I get an agency asking about my listing. Even if I can't accommodate the one they are asking about specifically, I make an effort to build a relationship with the agency.

4. Have teams to handle repairs promptly. 

As someone that recently made the transition I can tell you this.

1. Lack of stability Going from knowing exactly how much will be deposited in your bank account and when to losing that.

2. Financing (Real estate, Vehicle, anything really) becomes much more difficult without the W2 income. You have to use creative financing for your deals.

Depends on where the property is. West Dayton, 8-10% CAP for multifamily. Nicer areas like Kettering or Oakwood can get under 7%