All Forum Posts by: Angie Tonini-Rogers

I think there is always a market for 2 nurses traveling with pets or nurse traveling with families & pets as well. The houses I help place travelers in alwasy stay booked

Investment Info:

Condo buy & hold investment.

Purchase price: $155,000
Cash invested: $1,500

private loan- no down payment, no payments for 12 months, 10% interest (no payments for 12 months).
bought for mid-term rental/ short-term rental. monthly costs 1300, MTR rent 2500

I get requests for nurses who travel with family & pets that need a yard so I'd say yes but my strategy with that would be to post it on Furnished finders & other traveler sites AND also market it on airbnb even if you have to list it as a 30 day monthly furnished rental.. That way you maximize exposure. You might even put it on zillow as a month to month furnished rental & just put keywords that travel nurses & other travelers look for... you'll just have to be prepared to vet locals who are wanting to rent the house too.  

right, @Nancy Bachety when renting you don't own, so you're not able to gain from depreciation or appreciation. Sometimes rental arbitrage is a great way for someone to start with little money and learn about the process, so that they can actually see if STRs is their "thing". Long term goals for me are to buy & hold properties, for sure. 

Thanks @Greg Scott @Michael Baum

Yes that makes sense. I always calculate minimal 10% vacancy rate no matter the type of rental - for STR I use the average vacancy rates (occupancy rates) that airDna provides for like properties.

Great advice! 

If BiggerPockets wants to create a calculator for a rental arbitrage that’d be awesome too! 😉

Hi fellow pocketeers... ;)

I'm trying to find a great way to calculate costs and revenue for when you choose to do a rental arbitrage (where you sign a year lease with a landlord or apartment complex, for example) and then sublease it as a short term rental. 

The calculators on airdna give good info on potential revenues for a particular address, and the rental calculators on bigger pockets give great info on potential for deals for long term rentals when you purchase, but there is no calculator, that I know of, for when you are only paying for a year's rent plus furnishings & platform posting costs...

Any suggestions on how you account for this unique way of calculating whether a rental arbitrage is a good "deal" or not? 

What I'm doing currently, is putting the year's rent cost in as the purchase price in the calculators... I also ensure that with annual rent costs plus furnishings, would work as a long term furnished rental in case something happens where we cant rent it short term via platforms such as airbnb... 

Thanks all! 

What an amazing story & great practical tips! And I agree, that getting in can be an easier feat than purchasing your first investment property, although as soon as you can purchase & own your investment, that’s key! You can start by cohosting or by rental arbitrage to learn about short term rentals.

Some info I’ve consumed has been the following:

I like Airbnb automated & the host offers a free mini course called million dollar rental. (Sean Rakidzich) He specializes in rental arbitrage. Vacation rental machine & Bnb Boss (both podcasts) have information on rental arbitrage & cohosting. Bnb boss has $7 courses & VRM has a coaching program. Short term rental riches (Tim Hubbard) also a podcast & he does live events- haven’t been to any of his stuff. This is all just information I’ve consumed.

Most people I’ve talked to who cohost & manage the property listings, bookings, small maintenance, cleanings, communication, trouble shoot, etc charge 20-25% mngmt fees. That’s co-hosting. 

Rental arbitrage has more skin in the game bc you're actually renting/leading the property & furnishing it, keeping up with maintenance, & at any time the owner could decide not to renew. But it still allows you to learn how to become successful in the STR space without having to own a piece of property.

Finally something to think about, for some areas, if traditional travel is low, or sometimes to not be required to get conditional use permits (know your state laws), you can market to travelers who are longer term stayers… such as traveling nurses, corporate execs, pilots, etc. 

Travel nurses typically need at least 2 months but usually 3. This allows for a month to month- while it’s not going to pull in your normal Airbnb daily rate, it will be (typically) double long term rent rates, & it guarantees the space being booked for a few months in slow travel times. 

I like Airbnb automated & the host offers a free mini course called million dollar rental. (Sean Rakidzich) He specializes in rental arbitrage. Vacation rental machine & Bnb Boss (both podcasts) have information on arbitrage & cohosting. Bnb boss has $7 courses & VRM has a coaching program. Short term rental riches (Tim Hubbard) also a podcast & he does live events- haven’t been to any of his stuff. This is all just information I’ve consumed. 

@Patrick Flanagan darkening curtains and blinds are great for nurses regardless of shifts they work. Quiet spaces also

So they can rest after long 12-14 hour shifts. Most nurses work 4-12 hr shifts on their 8-13 week assignments so they wanna sleep when they’re off. 

Single Family homes would be comfortable and quiet for sure & some Nurses travel with their pet friend. Also some nurses travel with their friends for assignments so a 2 Or 3 bedroom house could go for more if you rent a “room” To each nurse in their “group”. 

@Shobhit Kanaujia

Some nurses travel alone and others travel with family… some nurses travel together so 2br or sfr are good too. It really depends on the nurse