Travel Nurse, 30+ day stay business model

[Justin Ash]

I have a property in Lakewood, WA and started renting rooms out in a SFR/1824 sq ft/3+ bed/2 bath. The property is a rambler with a large living room addition (which includes the other bath) that I converted into a studio/ househack while I was living there.

I happened to stumble across the travel nurse market because there 5 hospitals in the area all within 10-20 minute drive from property. 

Since I have become a digital nomad entrepreneur I have put a tenant into the studio (1 year lease) for discounted rent to help with the cleaning, yard maintenance, etc.

I am looking for creative ways to improve the cashflow...

1. How can I gain exposure to more markets besides Airbnb?  Tokeet? Guesty?

2. My thoughts are that if I can get better demand, I can charge a higher price per night?

3. Does it make sense to have a tenant to manage property?  I have been running numbers and it seems like I could get better results by leasing to a tenant at full market price and outsourcing the cleaning/ yard maintenace?

4. The elctricity bill seems to be much higher in the winter when I am not there. Can I negotiate w/ the electricity company? Is there a different heating system I could invest in to keep these costs lower?

5. I am also building relationships with the travel nurse companies and have found resources. Are there any other creattive ways to help me decrease vacancy, improve occupancy, and get the highest price per night?

6. Also, my insurance on this property jumped up 200% because I deeded it into LLC, how can I reduce this cost?

Thank you in advance!

[Paul Sandhu]

1. Craigslist and Facebook

2. no

3. no way

4. no, but you can get 12 month average billing after you have the property for 12 months.

5. yes, it is your intuition and marketing skills.

6. no can do, they won't go for that, no no, no can do.