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Updated almost 2 years ago on . Most recent reply

User Stats

5
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1
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Andrew Romick
  • New to Real Estate
  • Fredericksburg, VA
1
Votes |
5
Posts

MTR - Richmond, VA

Andrew Romick
  • New to Real Estate
  • Fredericksburg, VA
Posted

Wondering if anybody has experience with MTRs in the Richmond, VA area? Curious how they perform, if condo's are better than small houses, and the guest occupation that request the most stays.

I'm located in Fredericksburg and still figuring if Richmond is the market or if closer to DC, Arlington or Alexandria, would be a better play.

Appreciate any feedback.

Most Popular Reply

User Stats

15
Posts
7
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Shannel Tuitele
  • Investor
  • Salt Lake City
7
Votes |
15
Posts
Shannel Tuitele
  • Investor
  • Salt Lake City
Replied

@Andrew Romick Hey I don't have much experience in MTRs in Richmond, VA specifically but pretty familiar with it here in Utah (Salt lake & Utah County / St. George). I would definitely consider what type of attractions nearby (here it's ski resorts/natural parks) / top businesses nearby (for business people coming in and out since hybrid work is on the rise, travel nurses, etc.) /experiences (here it's random hype stuff that can come up on IG/Tik Tok for foodie places, etc.) / competition for similar MTRs / what region is easier for you to find a solid team (e.g., cleaners, maintenance/repairs, etc.).

Goodluck!

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