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Medium-Term Rentals
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21
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11
Votes
Jared Fisher
11
Votes |
21
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User Stats

252
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292
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Zachary Deal
Pro Member
#1 Medium-Term Rentals Contributor
  • Lender
292
Votes |
252
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Zachary Deal
Pro Member
#1 Medium-Term Rentals Contributor
  • Lender
Replied May 30 2024, 15:34

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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591
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385
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Bradley Buxton
Pro Member
  • Real Estate Agent
  • Nevada
385
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591
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Bradley Buxton
Pro Member
  • Real Estate Agent
  • Nevada
Replied May 31 2024, 08:53

@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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448
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
448
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482
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
Replied Jun 5 2024, 21:53

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