Pros and Cons of renting to traveling nurses?

[Megan Hirlehey]

Hi BP,

I've done nothing but long-term rentals up until this point, but with everything going on, I'm wondering if this is all increasing the need for traveling medical professionals?

Do any of you specifically rent to the niche? what are some of the benefits and pitfalls associated specifically with this demographic of renter vs. your standard long-term tenant? 

Where do you post your listings if specifically trying to target these renters?

Are there any additional lease considerations?

Ii haven't decided one way or the other, I'm just trying to research a bunch of different options to see what makes sense in this market.

Thanks!

[Synthia B.]

@Megan Hirlehey, great to see that you are wanting to try a new market! I currently do not own/rent out STR to travel nurses but I am a travel nurse for almost 2 years and thought I could give some insight.

-Furnished rentals are a must, lots of travel nurses bring their pet as well. 
-Google "furnished finders" for your area and that will give you an estimate of what properties are  offered and at what rate. I am currently in Cali so I am paying a premium price.
-Contracts are typically signed for 13 weeks but depending on area and season, could be extended to almost 9 months. I prefer to pay month to month but I have been at my current spot for almost 9 months now. 
-A con is that our contracts can be cancelled up to 2 weeks before start date or in the middle of the contract, which is why I prefer month to month. 

Hope some of this helps! If you have any questions regarding the renter side of it feel free to PM me.