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Updated over 2 years ago,
Travel nurses vs. long term tenants
Has anyone out there rented to both travel nurses and long term renters? Which was more profitable? Which was hardest to manage? I like the idea of renting to travel nurses, but there are always some landlords renting to travel nurses at lower prices. This is a problem because the nurses' rents always include all utilities. Other properties rent to travel nurses at a premium but they are sometimes very large and/or luxurious. Every time I use the bigger pockets rental calculators, the numbers are actually better for long term tenants. This is because the area has very high rents, and with travel nurses I have to pay for all utilities, including heat in a Northern climate, internet, garbage, lawn care, and snow removal. I could also choose to provide phone and some sort of entertainment package. (This could just be a fire stick and Netflix, though.) If I could get enough units/bedrooms in a building, the travel nurse numbers would surpass the long term renter numbers, but those properties are larger, have a higher entry point and often need a lot of work.