All Forum Posts by: Sarah Baniewicz

Typically it ranges from 10-20%

So I would having my property manager show the condo and then give the keys. I would have the person contact me with any issues

@Sarah Baniewicz

It will also depend on the level of service and the number of doors.  Here in Reno we have PMs that range from 7%-10% but also ones that have a flat fee just for management of the tenant occupancy.  Make sure to read contracts and ask for references.  If you have a bad property manager it can be a a huge headache for tenants and chore to get out of the contract.

Hi Sarah!

I was listening to BPRE podcast #761 with Yamundow Camara and she mentioned that one of her rentals was a mid-term to traveling nurses in the midwest that was located between 2 big hospitals (something like 10 minutes to one and just a couple minutes to the other) that was a great rental income for her.  Its a great podcast and she's a wonderful storyteller.  Here is her link if you wanted to listen:  https://www.biggerpockets.com/...

Hi Sarah!

I’m actually in the Midwest right now getting some MTRs up and running. There’s plenty of demand in different cities like Chicago, Cincinnati, Cleveland, and Indy.

Being a traveling medical professional, I would ask your recruiter which other cities they work in to get a sense of where some of the demand is. I’m sure you’ve used Furnished Finder before but did you know that there’s a stats page? Furnishedfinder.com/stats allows you to look up different cities to assess the demand.

MTRs can really work in any city but you need to decide your ideal guest type. If you want to target traveling medical professionals find properties in cities with level 1 trauma centers that have lots of travelers. If you want to target corporate travelers pick a city with a lot companies that require their employees to be in office, etc.