MTR in Pittsburgh, PA

[Bill Brown]

Anyone doing MTR in Pittsburgh? How has your experience been?

I have a property in the city we are considering using as a MTR. By some metrics, it should be in a good area for it, but I've had a hard time finding convincing data.

[Anthony Angotti]

Quote from @Bill Brown:

Anyone doing MTR in Pittsburgh? How has your experience been?

I have a property in the city we are considering using as a MTR. By some metrics, it should be in a good area for it, but I've had a hard time finding convincing data.

Personally no, but another investor friend of mine has a lot of luck with this and gets good rates. You have to network with insurance companies and relocation companies and the sort though. 

He gets a lot of tenants from UPMC, Pitt, consulting firms, and companies like that. He also posts his places on air Bnb and short term sites with minimum stay requirements of 4 days and then talks to the people after to see if they are a longer term person and want to renew for a better rate. 

When I asked him for his rent info to see if it would make sense for me he said he gets around 15-30% more rent doing it this way. 

Personally I didn’t want the hassle of it, but that is a decent amount extra.