Mid term rentals to nurser etc

[Abraham Shamosh]

Hi All,

I own residential rentals in Miami with long term tenants, but was recently looking into mid term rentals to rent to traveling, nurses, etc. 

can anyone please share there experience regarding occupancy rates and other information? Thanks

[Chris Allen]

Quote from @Abraham Shamosh:

Hi All,

I own residential rentals in Miami with long term tenants, but was recently looking into mid term rentals to rent to traveling, nurses, etc. 

can anyone please share there experience regarding occupancy rates and other information? Thanks

 I have not rented to travel nurses yet, but I am a travel nurse. From the renter point of view, here are things that I personally look for. 

- Ideally within 15 min of the hospital I am working at. If things are expensive, I will go up to 30 min away. 

- Clean, well put together unit. Comfortable bed with nice bedding, room darkening/blackout curtains in bedroom, decent shower, in unit washer/dryer, decent kitchen with all the necessities, good wifi, and a decent smart TV, iron, etc..

- I travel with my wife, baby, and dog. So I look for a good size, fenced in back yard, as well as enough space in the property for all of us, but not so much we are paying for space we don't need. Most travel nurses look for 1-2 bedroom properties that are affordable but nice. 3 bed would be the next most common, and 4+ is less desirable. Shared spaces is also less common for travel nurses unless it is a group of nurses that already know each other or you are in a very expensive market. 

- I typically look for middle of the line type properties to rent, willing to pay a little extra for a nicer place, but also I try to save as much as I can on rent so I can keep the difference in my stipend. Other than looking at comparable properties in your area, a rough idea for what nurses would want to spend is go find out your GSA rate for your area, and just stay below that. Nurses get a tax free stipend for housing and meals, but that is also where a bulk of our pay comes from. So most assignments we want to pocket the difference because if we don't, we really are not making any more than we could to just be full time somewhere.