Experience renting by the room to travel Nurses

[Meagan Peters]

Hello everyone!!

I'm looking to get into the medium-term rental space and I've found a property that fits all my criteria - it's a turn-key 3 bed 1 bath (one bedroom is on the smaller side so I plan to make this more of an office space), located just a 5 minute walk to the largest hospital in the area.

I have 2 bedrooms and I was wondering if it's possible/viable to rent out my unit by the room to travel nurses? I know this works for STRs, but I feel like it may be awkward for an MTR considering the nurses will essentially live together and be roommates for several months. It would be better for cashflow, but I don't want my guests to feel uncomfortable living with someone they don' really know.

Does anyone have any experience in owning an MTR and renting it out by the room vs as a single unit? Please let me know your experience/advice on this topic or what you recommend I do :)

Thank you so much!!

Meagan

[Kelly Johnson]

I have a MTR in an area that has a lot of travel nurses and considered this in the beginning, marketed it as both available by the room and as a whole unit. Mine is a 3/1.5. My first bookings were all for the whole unit so eventually I just gave up marketing as by the room b/c it's easier on my to do whole unit. I think if you had a dedicated bathroom for each bedroom this wouldn't be a big deal but sharing a bathroom space with a stranger would be awkward to me.