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Updated over 3 years ago on . Most recent reply
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Bradenton Florida Travel Nurse Rental
Hey all, looking for creative ways to increase cash flow while still providing a great rental to tenants. Renting to travel nurses isn’t a new strategy but I’m curious what everyone’s experience has been doing this strategy. Was furnishing the property and charging a bit more for longer tenancy worth it? What are some pros and cons in the Bradenton/Sarasota area doing this?
Sincerely, a local investor
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I’m a travel nurse in Florida, I can tell you making the place is great and it will help you appeal to your nurse tenant. However, in reality if you’re looking to increase the length of their stay it probably comes down to things out of your control, mainly how they’re being treated at the contract position and the competitive rates of contracts based on Covid crisis pay. We can stay in an area for up to 12 months at a time, to benefit the most tax-wise. But if the hospital is poorly run and the travel assignment is rough, chances are the nurse won’t try to extend their contract there. Nice furnished housing is about the best thing you can do, in addition to a washer and dryer on site. Destination-specific things like beach chairs/umbrella, beach cruiser bike are also helpful since most probably don’t travel with them to begin with.
I’ve also noticed a very high proportion of travel nurses live with a dog or two, I know it’s a risk for you as the landlord, but being pet friendly will definitely appeal to travel nurses. It can be very difficult to find short term housing, then adding pets make it even harder.
hope that helps