All Forum Posts by: Christine L Wagner

Hi Jerri, thank you so much for your reply. I had no idea that those fields were also traveling. And I didn’t realize it has been for 20 years. I appreciate the information

1 Vote

Quote from @Taylor Dasch:

My PM does this strategy, to me, it seems like you will get a higher cash flow but also have less tenant selection.

I think some properties will do better with this strategy( such as a 2/2) because a lot of the push back is because they want their own bathroom. Also, I have found a few nurses on Furnished Finder are actually coming down with their own roommates. I would give it a go, but if you value a lower vacancy rate over return it may be best to rent it as a whole.

Thank you Taylor for your input. I appreciate it.

0 Votes

Quote from @Michael Dumler:

@Christine L Wagner, I post about this investment strategy constantly haha. To answer your question, no, do not expect high-paying traveling nurses to rent by the room and share a co-living area/space. Rent-by-the-room is targeted at working-class and young professional tenants seeking affordable rent. There is a huge demand for affordable rent in the Atlanta market. I have a whole team in place here that can help with deal structure and acquisition. As you've alluded to, this unique asset class can be an absolute cash cow, however, understand that more risk is assumed. If you have any interest in implementing this investment strategy or have any ATL market-specific questions, feel free to reach me anytime via cell or email (contact info is listed in my bio).

Thanks Michael you pretty much confirmed what I was thinking. Two different strategies two different types of people. I’m not sure what market I’m going into or if I want to do Coliving. I will look at some of your posts because I want to find out more and see if it’s worth the headaches it may cause. Take care

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Quote from @Nicole Heasley Beitenman:

There are folks who have success with that strategy. My guess is that it's market-dependent. I don't think most prefer it, but if you're in a big enough market with enough demand, I'm sure it works.

Thanks Nicole, I have it narrowed down my city yet, but I am interested in Ohio. Can you give me some advice on where in Ohio is the best place to invest for MTR’s? I’m sorry I haven’t done much research in Ohio, so I’m asking a very basic question that I know I can research myself but I’d like to get your advice.

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Quote from @Brett Deas:

It is definitely market dependent but depending on your place it can work very well. Often time nurses travel with their spouse and or a pet, but I have never gotten a tenant who has brought a whole family, so they only need a bedroom and a bathroom. That being said I think you will have much greater success if you have multiple bedrooms that have their own bathroom. Not only because you can charge more but you will also get higher demand. Now there are some things to worry about such as schedule of these nurses and making sure they aren't waking each other up in the middle of their sleeping hours.

Thank you for your advice

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Hello everyone, I'm very intrigued by the rent by the room strategy for the cash flow and filling a need for workers who can't afford an apartment. Has anyone tried it for nurses, nomads etc. Do you find that nurses prefer the entire unit or are they willing to rent a room? I've been told that they don't prefer a room, but would love advice from the experts on this forum.

Thanks so much in advance.

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I'm curious about this strategy as well. I was thinking of furnishing the common areas, kitchen, bathrooms etc. Is it a good idea to furnish the rooms or let them bring in their own furnishings? I would assume you can charge more if the entire house is furnished, but thought it might open it up to more people if they can bring in their own items. Thanks in advance for your input.

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San Antonio, Texas

All Forum Posts by: Christine L Wagner

Christine L Wagner has started 1 posts and replied 7 times.

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Is the rent by the room strategy good for MTR's (Nurses)

Post: Co-Sharing/ Shared housing