All Forum Posts by: Brian Payne

Quote from @Melanie P.:

Anyone ever wonder why seemingly every new landlord wants to rent to traveling nurses. I've only known one traveling nurse my entire life and she's a fat disgusting deadbeat pig I wouldn't want in any of my rentals - especially for a short stay. If hospitals are in need of nurses seems like they should put up flyers at the local landlord association.

 Brutal. 

I'm a jump right in with both feet type of guy but in my experience, it's not that hard. Get the unit, get it furnished, and put it on Furnished Finder. In my experience, 99% of the time you’re not jumping through the hoops as described below. Just work your tenant leads, find the best one, screen & lease them, and you're on your way. 

Yep. @Bonnie Low pretty much nailed it. Similar to how "Travel Nurses' is kind of a catch-all phrase for all types of healthcare travelers, "Relocation" is one of those all encompassing phrases that describe a lot of the mid-term tenants as well. It could be a new family coming to town who is looking to purchase a house, or similarly, it could be a buyer or seller who needs a comfortable place to stay for a few months while the bits and pieces of their deal is finalized. Another one of those all-encompassing phrases is "digital nomads" because they can work in any industry for any period of time (an average of 3-6 months). We also see a steady stream of engineers, construction workers, and med students in residency. Hope this helps. 

furnished finder has a stats page that gives you the travel nurse demand in your area in case that would be helpful. Good luck all~

Yes. It works. I started with a 1/1 in Bakersfield, CA. Little did we know at the time, it has a lot of medical travelers coming and going. We identified other areas that travel nurses frequent, now my wife and I have 9 condos that we rent short term in CA and TX. Since then, we also moved to the Denver area and manage all units ourselves (we were lucky enough to find 2 husband/wife teams that fix & furnish the units we buy, and then they make them ready between tenants). Turnkey units are best so they don't sit vacant, but for our most recent one in Plano, we had to fix up a dated unit which took 3 months. Happy renting!!

​I live in Parker, CO. I have 9 furnished units I consistently rent to travel nurses. My units are 1br/ba's typically as I'm looking for traveling professionals for tenants, and although I live in CO, my units are in TX and CA. (And I don't use a PM company). I would love a multi family in the future, but these condos work pretty well for short term furnished rentals...provided you find the right type of HOA. Travel nurses are good tenants because they work 12 hour shifts, are all background screened, and typically just need a clean/safe to eat, sleep, and get ready for their next shift. Safe travels to Denver Bryan!

in looking into a company called COMET.  My understanding is that they offer short term renters policy's.  Will update the post as I learn more. 

I do a niche of the niche. I do short term rentals and gear my advertising toward working professionals like travel nurses and other business travelers. I do this with 8 units in CA and TX. We primarily buy 1br condos with low HOA dues. Also, with an average stay of about 3 months, it keeps us under the radar unlike the Airbnb host who pumps new folks through their apartment every 3 days. Also, if a city passes ordinances requiring minimum leases of 30, 60, or even 90 days, our business model would not be affected.

List your property on Furnished Finder @Account Closed.  We place a lot of travelers (nurses and business travelers)

The model I describe @Shirley Xu is 30 days and greater with a 3 month stay average (corporate housing). I'm networked in healthcare housing and don't have any experience with airline professionals.  It seems to me that would be very short term (like a 2 or 3 day layover) and would fall into the hotel alternative (airbnb) model I would think. Also, I don't do a lot of roomshares...It's typically one traveler staying in a 1br unit for a 3 month term.  Happy renting!