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All Forum Posts by: Zachary Deal

Zachary Deal has started 2 posts and replied 379 times.

Post: Colorado "for-cause eviction"

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

Agreed with all the above interpretations. That's how I'm seeing it as well but you could always check with a local RE attorney to double check

Post: MTR Wichita, KS

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

Hi @Stacy McElroy as Bonnie mentioned Furnished Finder is still the leader in the space so definitely start your research there. I would also recommend checking out Airbnb/VRBO (for 30+ day stays) as well as Zillow. Those 4 tend to be the most popular sites for mid term rental listings. Reaching out directly to local hospitals in Wichita could be a good idea as well to get a sense of how many traveling nurses they typically have and where they find housing. Good luck!

Post: Vetting MTR guests

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

I think it really comes down to what you are comfortable with but I don't think background check, credit card check, etc on top of a signed lease (and even small security deposit) is unreasonable for an MTR. Just make sure to include the details in the house rules, etc.

Post: 2 bedroom or one bedroom and a flex space

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

Hi @Jean-Marie Poth! I would recommend doing lots of research on the competition in your area and see how many 1 beds vs 2 beds are listed on FF or Airbnb/VRBO. With traveling nurses 1 beds can be more desirable if you offer for a lower price point.

Post: Help on renting a mid term rental in New Smyrna Beach

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

I agree with @Katie Smith! I think lowering the price to get at least your first booking and a review would help a lot. With the lack of comps positive reviews will likely make a meaningful impact on the number of bookings/price you can get.

Post: Thinking about mid-term rental

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

As Lindsey mentioned a lease is important and sometimes even a small security deposit. I would recommend casting a wider net and listing on Furnished Finder, Airbnb/VRBO, and Zillow. 

Good luck! Hope it goes well

Post: New to real estate

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

As Allen said Furnished Finder and Airbnb/Zillow (30+ day stays) are great places to start. Zillow and Facebook groups as well as insurance placement companies can be lucrative as well

Post: MTR rules for central Florida

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

I think it's always important to check with the specific city or town that you are looking in as each can have different rules/regulations on LTR vs STR

Post: Converting LTR to MTR in northern NJ

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

Hi Amod, there is a great meetup group in Jersey City that links up occasionally you may want to check out. I'll find the details and send you a message!

Post: How’s the mid-term rental in Cincinnati

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 387
  • Votes 400

@Emma RedfernCongrats on your first BRRR! When evaluating MTR markets I would always start by searching Furnished Finder and Airbnb/VRBO (30+ day stays) to get a good sense of what is out there on the market already. You can also check out Zillow and Facebook! Like others have said, I've heard Cincinnati can be a great market for travelling nurses due to the high concentration of hospitals