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Updated over 1 year ago on . Most recent reply

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Isaac Pyle
  • New to Real Estate
  • Louisville, KY
82
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121
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MTR Furnished Finder - Traveling nurses - thoughts?

Isaac Pyle
  • New to Real Estate
  • Louisville, KY
Posted

Hey everyone! I'm looking to start medium term renting sometime in the near future, as it seems the numbers in the Old Louisville area make a lot of sense to do so. Good hospital proximity, easy access, and the short term rental permits can take quite a bit of time / have lots of hoops to jump through so I'm not counting on that. Additionally I want to be able to self manage at least for now, and I'm not sure I can do that with STR on top of a full time job, but should be able to with MTR.

Main question- does anyone currently MTR on furnished finder / similar sites in the Old Louisville area? Would love to hear some perspectives on it and if you think it's a viable strategy starting now / in the near future. I'm primarily considering house hacking a 2-4 unit house and MTR the other units.

Thanks!

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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
1,776
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1,946
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Bonnie Low
#1 Medium-Term Rentals Contributor
  • Lender
  • Asheville, NC
Replied

If you're planning to target traveling medical professionals check on this stats page for Louisville on Furnished Finder https://www.furnishedfinder.com/stats?ci=Louisville&st=K... This is for all of Louisville - not your particular neighborhood that you're targeting. On the plus side, it looks like searches are fairly high and total number of units is fairly low relative to the searches. On the minus side, rents are fairly low overall. This might be ok in Louisville, but you're going to have to be very particular about the location, especially if you're targeting travel nurses. Safety is their #1 priority, especially if traveling alone, which most do. 

  • Bonnie Low
  • [email protected]
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