MTR Business Tips

[Alex Ng]

I'm looking to start a MTR business. I'm hoping to target traveling nurses, corporate professionals, displaced individuals, etc. How would I analyze properties to see if they are viable for MTR aside from proximity from hospitals? Should I look for properties close to big corporations? How would I know which corporations have traveling professionals? How would I attract displaced individuals? What are some tips for MTR?

[Joey Banasihan]

Hey @Alex Ng, that is exciting to hear you wanting to start a MTR Business, especially the emphasis on the business part. Start by picking up the book "30 Day Stay" which will give you are well rounded, yet detailed look on starting MTR.  From there, start with one property and one target tenant (for now) because there is a lot you will learn around balancing hospitality with effective processes, leases, pricing, etc. I'd suggest start with Travel Nurses, finding properties that are 2/1 or 2/2 that work well for individual or couple travelers, and then research the level's of the hospitals (I talk about this in a different forum post).  From there just recognize that this is still a hospitality first business more than a rental business.  Reach out if you have any additional questions!