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Updated 3 months ago, 08/21/2024
any lucks of investing MTR in Houston
Hi, I’m Lily, and I live in Houston. I started long-term rentals last year with a focus on Section 8 properties. However, the Houston Housing Authority recently lowered the payment standard significantly, by over $1,000 per month, which has made this strategy less viable.
Now, I'm considering mid-term rentals (MTR) for better cash flow and less management compared to short-term rentals (STR). But I'm concerned about the challenges of frequent turnover and vacancy rates.
If anyone has experience with MTRs, I’d love to hear your insights! What locations, property sizes, and target groups work best? Is this a good investment strategy in Houston right now?"
Thank you.