All Forum Posts by: Nicole Heasley Beitenman

I worked for MRI for a year and a half. I'm happy to answer any questions I can.

Is it always in the same location, or do they move it around the country like the BP convention?

For us, it's been worth it, even though STR tenants are a way bigger headache than MTR tenants.

Your local REI meetup is another great place to find market-specific resources.

First, go to your local REI meetups. Second, hit up Rob Abasolo's YouTube channel. He started with arbitrage, and I believe he has some videos on that topic.

After talk to other MTR operators, MTR tenants, and talking to my insurance agent, I have to change the advice I gave several months ago. General consensus is a renter's insurance requirement is a huge deterrent for travel nurses. They don't want to pay for insurance when they're only bringing some clothes and toiletries. We discussed this with our agent, and they recommended a traditional rental policy with an umbrella policy. 

I'd check out Facebook, meetup.com, and the events section here on BP. Even if the meetup isn't MTR-specific, any REI meetup is worth your time.

 I'd love the info on that!

Hopefully you can find a lender with lower rates/fees as the others have suggested (although I would be wary of the cheapest lender. I've used the cheapest lender in the past, and they were cheap for a reason). Do you cash flow regardless of the scenario? If so, I'd always put the lowest amount down. The additional funds can be used for reserves, down payments on other properties, or closing costs when you refinance.