Another great benefit MTR has over LTR

[Mitch Davidson]

I launched an MTR in Asheville, NC in 2018, and have had 13 tenants so far. After the first few turns I realized that compared to LTR the MTR model has a great additional benefit, meaning additional to the increased cashflow. With MTR turns are far less expensive regarding repair and maintenance. With MTR, people aren't moving their furniture, appliances, and other furnishings, some of which might not fit so well in my property, in and out of the home. Combine that with the fact that I have a lease, security deposit (which the tenant is less inclined to forget about due to the comparative shortness of their stay), and a rather small property, and I only need to have the place cleaned when someone moves out. I haven't needed to paint, replace floor coverings, etc. Sure, I've spent on upgrading some furnishings, and replacing a few things that wore out, but I've never had damage or wear and tear. Thus I recommend MTR in this regard. As I've cautioned elsewhere, the model is overplayed in some markets right now, perhaps especially where there are many underperforming STR's, so be careful if you're thinking of launching one.