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Medium-Term Rentals
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24
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12
Votes
Jared Fisher
12
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24
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255
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295
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Zachary Deal
Pro Member
#4 Medium-Term Rentals Contributor
  • Lender
295
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255
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Zachary Deal
Pro Member
#4 Medium-Term Rentals Contributor
  • Lender
Replied

It's tough to say with certainty and it a lot of success in the MTR market hinges upon operating ability, property layout, understanding your clientele and ability to adjust to the market.


This article does flag some cities that are good for MTRs: https://www.stessa.com/blog/hot-spots-medium-term-rentals/

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448
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Bradley Buxton
Pro Member
  • Real Estate Agent
  • Nevada
448
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667
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Bradley Buxton
Pro Member
  • Real Estate Agent
  • Nevada
Replied

@Jared Fisher

Most metro areas can be attractive for mid-term rentals. It's a business and if you have a good value proposition and there is some demand you can make strong cash flow. As with any business having a mission, strategy and plan with guide success. There are small towns in Nevada outside Reno that do very well because of the mining job situation.   What market do you know and can operate?

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460
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
460
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494
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
Replied

This is a hard question to answer. I’ve had success in larger markets and smaller markets all over the US however this was because of efficient operations AND being proactive in finding companies to rent to (I employ the B2B model). 

Choose a few markets that have strong rent demand on LTRs to start and then do your research to determine if it’s a good MTR market / works with your business plan