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Updated almost 2 years ago on . Most recent reply

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Assistance with MTR analysis and advice

Posted

Hello Everyone, 

I live in Maryland, and work wants me to move to Colorado. We bought our current house one year ago and do not have any equity. We have considered renting, but we would have to come out of pocket each month to rent as a long-term rental. We have also considered using the house as an MTR, but I'm curious how to properly analyze an MTR market and what we should charge. I have looked at furnishedfinder.com/stats and noticed there have been over 100k searches/requests for MTRs in the area over the past 12 months. This seems good to me but would be my first MTR, and would love any advice out there. 

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Replied

Bonnie, 

I only recently learned about MTRs during the bigger pockets rookie boot camp, so I am still very much new to investing in general. I've tried searching for other traveling professionals in the area, but aside from nurses, I don't typically get anything of value returned. I'm sure it boils down to me not using the right terms or knowing what to look for. Do you have any tips for this? I have never heard of insurance placements before, so I will look into the podcast you recommended. I've also never heard of corporate rentals by owner 

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