1/3 Year in Colorado, 1/3 in STL, 1/3 Travelling

[Kelly Ward]

Hi there, my name's Kelley and I'm new to the BiggerPockets Forum, but I'm hoping for some insight on MTRs!

My husband and I currently manage a rafting company in Colorado between May and September and then take a few months off to travel before returning to STL to spend time with my family. That said, I recently became super intrigued with the idea of purchasing our first home in St Louis and then using it for mid-term rentals (specifically for travel nurses) during the ~6ish months that we're out of state. 

I've been searching through furnished finder to get an idea of MTR rates, and I was surprised to see just how many listings were available throughout the city. I'd love advice on how to stand out amongst so many options! 

What is the average length of stay you're seeing for nurses? 60 or 90 days?

Also curious as to whether anyone has noticed any trends with travel nursing demand increasing/decreasing? 

Thanks everybody!

[Easton Hill]

@Kelly Ward

In addition to the great comments above, I recommend that you look at Zillow. You can see who is doing furnished 30+ day rentals and can find clients that way as well! 

Your strategy should be to get your "product"( Your 3-month listing) in front of as many eyeballs as possible, generate as many leads as you need, qualify the leads, then pick the highest-paying, lowest-risk tenant you can find. 

Regardless of the channel that you find this tenant through make sure you sign an airtight lease (remember that any stay over 30 days will trigger "tenant rights" laws in most stays). What you don't want is to have someone pay for 3 months and stay for 6 months!