STR/MTR Real Estate Investing: A Profitable Guide to Short-Term and Monthly Rentals
If you’re looking for a real estate investment strategy that offers the potential for higher rental income and flexibility, STR/MTR investing might be the right choice for you. In this article, we’ll explore what STR/MTR real estate investing is, how to get started, and how to maximize your profits. We’ll also discuss the positives and negatives associated with this strategy, helping you make an informed investment decision.What is STR/MTR Real Estate Investing?STR/MTR, which stands for Short-Term Rental/Monthly Term Rental, involves renting out properties on a short-term or monthly basis to travelers, business professionals, and individuals seeking temporary accommodations. Property owners leverage platforms like Airbnb, HomeAway, and VRBO to attract guests and generate rental income.How to Get Started with STR/MTR InvestingMarket Research and Property Selection:Research high-demand areas: Identify locations that attract tourists, business travelers, or individuals in need of temporary housing.Assess property suitability: Look for properties that are well-located, offer desirable […]