How does one go about researching an area to see if it’s good for an MTR? Is it possible to check with insurance companies or hospitals or others to determine what the demand is for medium term rentals in any given area? Are there website that show MTR‘s in a given region already?
I live in a small 10k growing community with a 4 year college. We have quite a few long-term rentals here, a couple Holiday Inn express like hotels, and around 20 Airbnb‘s that seem to get booked for college or other events that pull family back to the area. We are about one hour away from larger growing city of a 250,000 people. Normally, I wouldn’t think this would be a place for an MTR and I need to find a large larger city, but then again I’m always surprised by the number of rentals and Airbnb is in a small town like this as well. On the other hand, I’m more than willing to search for locations a little further away if that’s better, but then I assume there’s also more competition as well.