any lucks of investing MTR in Houston

[Lily Wang]

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.

[River Sava]

Hey Lily, I think you're on the right track by considering MTRs, especially with the challenges you're facing in the Section 8 space. MTRs can offer a nice balance between the steady income of long-term rentals and the high cash flow of STRs without the constant turnover.

In terms of locations, I've noticed that areas close to hospitals or corporate hubs tend to do well since travel nurses and professionals on temporary assignments often seek out these rentals. Property sizes can vary, but something with a couple of bedrooms usually appeals to a wider range of tenants.

As for Houston, it seems like a solid market for MTRs with its strong medical presence and diverse industries. Happy to connect and send over some info that you might find helpful. Good luck!