We generally stay away from California because of regulatory issues.We know who we are and what we are good at: we’re out-of-town but highly engaged real estate investors who know how to pencil deals, structure deals and package deals to raise capital.

Maintain a good credit score, budget, and stay informed about market trends.

If you go file for an eviction and they show up and pay their lease, they get to stay in the property.2.

We love Pricelabs and using the custom settings to set up min stays and pricing to make our calendar available exactly the way we need it for STR and MTR bookings.

Stay up to date on all laws, federal down to local.

It is very simple to set up bank accounts, assign virtual credit cards, and tag revenue and expenses so you can stay on top of it.

Are there extended stay type hotels in your area?

Stay well away.

You can charge higher rates than a traditional long-term lease, but ensure your pricing aligns with the demand in your area.Marketing: Platforms like Furnished Finder, Airbnb (for longer stays), and even Zillow can help you get exposure.

Most of the guests are on their way into town for a permanent move but need a place to stay for several months to facilitate a closing, complete construction, etc.That avatar and sellers who want to cash out and look are the sneaky win for MTR right now in my opinion.