Traveling Nurse Housing

[Kim Handelman]

Hi All,

I found a great 2 family rental property a block from a hospital. It's cashflowing now but not great ($150 a unit). I was thinking of turning it into traveling nurse housing. Each unit has 3 bedrooms and 1 bath. From what I've heard traveling nurses tend to be single so the units are too big to rent to one traveling nurse. Do you rent by the bed? How much more can you charge since the units would turnover more frequently? Are there any good websites where I can learn more about traveling nurses and their housing needs?

Thanks so much!

[Nathan Gesner]

In my experience, traveling nurses want their own space. A friend of mine rents to traveling nurses all the time and she sometimes can't meet the demand and other times there's no demand. In other words, I would have a backup plan in case there are no traveling nurses looking for a place.