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Mixing MTRs and LTRs in a triplex
Hi BP team --
Hope everyone is having a great start to your respective weeks. I wanted to get some perspective on a potential switch to MTR leasing.
Does anyone have any experience with mixing MTR and LTR units within the same property? My property has shared spaces (back patio, laundry), so there is a little more interaction between tenants than something with no shared spaces. I'm considering converting one of my three units into an MTR with my 2 LTR tenants.
I don't want to alienate my tenants (they are great), but the appeal of the extra cashflow is tempting. There'd be minimal furnishing costs, as I'd leave my current furniture in there (i'd move somewhere else furnished).
Given this, what are the cons I'm not thinking about? I want to make sure I take everything into consideration before I potentially plunge. Thanks!