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Updated about 2 years ago on . Most recent reply

User Stats

74
Posts
26
Votes
Troy F.
  • Investor
  • Asbury, IA
26
Votes |
74
Posts

How do I know if my market is right for Traveling professionals?

Troy F.
  • Investor
  • Asbury, IA
Posted

Hello,

I've been wanted to do a furnished rental for traveling professionals for years now.  I just can't seem to bit the bullet.  Is there a way to determine if my area is right for this type of rental?  This is for Dubuque, IA.  I listed Cedar Rapids in this posting because it's the closest of the options the drop down menu would provide. Thanks for your help.

Troy

  • Troy F.
  • Most Popular Reply

    User Stats

    525
    Posts
    745
    Votes
    Ron Brady
    • Rental Property Investor
    • Burlington County, NJ
    745
    Votes |
    525
    Posts
    Ron Brady
    • Rental Property Investor
    • Burlington County, NJ
    Replied

    @Troy F. My wife and I learned from @Al Williamson, a veteran and expert at traveling professionals, that a "short cut" to knowing if your area is good for traveling professionals is to see if there are many Extended Stay America or other extended stay hotels in the area.  It is akin to Burger King locating near McDonalds--BK knows McDonalds already did the market research. Best wishes.

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