How to x3 and x4 the mid term

[Alon A.]

Hi guys

I see a lot of videos of people doing mid term, but i have hard time to understand something . they said the x4 their monthly rent.

When Im looking on furnish finder , i see the rents jumping by $500 not more.

example: From $2000 to $2500-2600.

So how it make sense to doing x3 and x4. because then it will be $6000-8000 per month... can you elaborate and explain me ?

[Andrew Bosco]

Every area is different. you should see demand with the links below. Many people who get those high x numbers are by either relationships with insurance relocators or corporate connections. Some of them are even sober living. It just depends pending your area and also strategy (whole place vs. bedroom). 

1. Use these links to see what the demand looks like for both criteria and then pivot from there. Consider MTR is more hospitality than LTR.
2. Furnished Finder - General MTR Data
   1. Furnished Finder Traveler Search - manual way to see the competition
   2. Furnished Finder Budget Tool - Good overview of market. Similar to A, but with stipend input
3. Rabbu (good for STR)
4. AirDNA - another good STR outlook
5. Rentometer - area rent LTR
6. Zillow (area specific)- Housing Data Demand - LTR/General Demand
7. Price labs - set filters to 30 day stays / include utilities. Good idea of MTR comps
8. Hello Landing - used by digital nomads
9. Local news on economic growth. Contact Hospitals/Government Bases/Companies directly

Section 8/HUD (LTR)