All Forum Posts by: Tuan Huynh

I am in Fresno and looking to connect with anyone doing MTR for travel nurses here. 

The market here seems to have pretty solid fundamentals for MTR/Travel nurses. 

 In LA you'll have a lot of demand from people outside of travelling nurses. They do get paid well but I have found I make more from other clients than I would from traveling nurses.

@Tuan Huynh I have several units that I medium term rent to travel nurses/doctors here in San Diego and in process of renovating and converting yet another...I personally love it...I thought I'd naturally have more vacancy than a long term rental but so far in this first year i've been trying this out, no vacancy yet.

I think your head is in a great spot - midterm rentals are a great happy medium between STRs and LTRs and should provide you with enhanced cash flow!

Hey @Tuan Huynh! 

When looking to go the mid-term route, location will be the key factor when going through the acquisition process. Before purchasing, I would make sure to figure out your area's vacancy rate and figure out what the largest corporations are that offer housing to their employees are. This way before you even acquire your property you already will have a general idea of who you will need to make relationships and how you will need to position yourself to see success. 

I hope this helps and please feel free to reach out if you need any more help! 

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 Hi Joshua,

Thank you for the great advice.  It is indeed a very good idea to make sure there are other industry, besides hospital, that house their employee.  Can you recommend some sites where I can get some of those datas?

Hey Tuan - I think MTR's present a great opportunity for investors. Check out this recent article posted discussing the mid term rental investing strategy! 

Why Everyone is Speaking About the Medium-Term Rental Strategy

@Tuan Huynh I own a property in LA but have used it as an LTR. I recently stayed in an MTR in the South Bay area in LA and demand there is strong but price points are super high both for property values and nightly rates. I met some other MTR tenants near me...one from Germany doing a 3 month training for his company, and another who was just "testing" out living in LA as opposed to their hometown in San Diego. Are you set on hosting travel nurses only? I ask because people stay for 30+ nights for all sorts of reasons...just know that travel nurses are not your only target audience in these major cities. I would say that as long as you are close to major hospitals, universities, company headquarters, airports, tourist attractions, or beaches, you'll generally be pretty safe in getting your desired return. At least for LA, SF, and SD, the whole city just about falls into those categories in some regard unless you are way out in newly developed suburbs or something.

In my time around LA, there are definitely some places I would avoid and some places I would prefer to own an MTR. Just about everywhere will have 30+ day minimums which fits your goal anyway, but there may be some that allow for shorter stays even.