All Forum Posts by: Jeffrey Anderson

@Jeffrey Anderson Just out of curiosity, apart from maximizing returns do you have a preference on your own lifestyle between having a LTR roommate vs MTR roommates? 

If your #1 goal is to maximize returns then extra effort for MTR numbers will almost always beat LTR numbers (check out roomies.com for LTR room rental rates). For example, say it cost 3k to furnish a room and you could get an extra $250/month in MTR rent then thats a 100% ROI on your money and 1 year break-even.

If you dont want to deal with management, turnover, setting up listing, cleaners, new people in your house throughout the year then LTR can often make sense so you can spending more time on activities you find more valuable. If you want to build out an airbnb business, then there's value in starting to learning MTR strategy now. 

All depends where you want to go and what strategy helps you get there the fastest!

@Jeffrey Anderson if I'm reading between the lines you are asking for help in understanding how much income a midterm rental will generate in your house and if it's worth the extra expense and effort. 

You can look at comps on furnished finder to see what they are renting for. 

Price out how expensive it would be to furnish that room. 

Use those numbers to determine if the extra income is worth your effort and expense to get it up and running as a mid-term rental. 

@Jeffrey Anderson If you decide to furnish it you will Maxime the cash flow potential. depending on area the MTR rental option is great. Its the sweet spot between STR and LTR in regards to cash flow and investment of time. Jump on furnish finder to get an idea of what the MTR are renting for in your area and compare that to the additional investment to setup. I personally love the MTR model as it is a much different clientele then the long term tenant.

People like to have a tub if they have kids (or like soaking) and others want the convenience of a shower.  I like having one of each.

@Jeffrey Anderson , Stephen's number should be 727-303-9520. 

Try Steven and Ausin @ TruBlue Total House Care (trubluehousecare.com). They are reliable, responsive and do great work.