Traveling nurse rentals

38 Replies

I’m looking to connect with a few people that rent out units to traveling nurses. I have a 4 plex about 5 mins away from a hospital where I just had my baby girl!!

But I was curious what things I should be aware of when considering making a unit ready to rent to traveling nurses. Is the vacancies a lot lower? I see lots of deals structured with 30 day minimums. To me I’d rather stay in a house with my own living space vs staying in a hotel for 30 days at $100 a night.

Nurses typically stay for 13 weeks.  I've rented to a few.  I'd rather not rent to them again.  They are psychotic mutts.  I rent to traveling refinery workers.  They are either psychotic or a mutt, but not both.

@Luke Carl

I’m not in the hospital anymore, I don’t think they would let me in either with all the COVID stuff. But I could call them and ask

Thanks for the info

Originally posted by @Patrick Flanagan :

@Paul Sandhu

Or maybe it’s the landlord. I’ve only met awesome healthcare workers.

Or Maybe not.  I've rented to over 1800 satisfied refinery contractors that were either psychotic or a mutt.  The psychotics can call out the mutts, and the mutts can call out the psychotics.

We have a studio apartment that we rent to traveling nurses. They stay for 13 weeks at a time. It works great for us. It is more work having to flip every 13 weeks but it’s worth it. We have had nothing but great nurses rent from us. They are there to work mega hours and most of them travel home for the weekends. Apartment is fully furnished and all utilities are included in the rent. They show up with a suitcase and enjoy the apartment.

Originally posted by @Jill Iwanski :

We have a studio apartment that we rent to traveling nurses. They stay for 13 weeks at a time. It works great for us. It is more work having to flip every 13 weeks but it’s worth it. We have had nothing but great nurses rent from us. They are there to work mega hours and most of them travel home for the weekends. Apartment is fully furnished and all utilities are included in the rent. They show up with a suitcase and enjoy the apartment.

 How do you target just nurses? 

What size property are you leasing to your outstanding nurses? Can you share some actual numbers of revenue etc.?

Originally posted by @Bill Goodland :

@Patrick Flanagan yup, not only nurses but traveling medical and allied health professional students that rotate at the hospital. I use furnished finder and Airbnb.

What size property are you using and can you share some actual numbers?

Also how do you target nurses are those in the medical field?

@Patrick Flanagan We use Furnished Finders. Haven't had a traveling nurse yet, but a doctor, also nursing student and pharmacy student. You can also list on Cozy. Cozy will also link to affiliates liker Realtor.com and apartments.com

Originally posted by @Joe S. :
Originally posted by @Jill Iwanski:

We have a studio apartment that we rent to traveling nurses. They stay for 13 weeks at a time. It works great for us. It is more work having to flip every 13 weeks but it’s worth it. We have had nothing but great nurses rent from us. They are there to work mega hours and most of them travel home for the weekends. Apartment is fully furnished and all utilities are included in the rent. They show up with a suitcase and enjoy the apartment.

 How do you target just nurses? 

You can stalk them at the local hospitals- find the employee entrance.  Get a cheap pair of crutches and kind of hobble around on them in the parking lot.  When you spot a nurse - they’ll usually be wearing white and have a name badge - take a fall to the ground.  Any decent nurse looking for an overnight rental will come to your aid.  

As they assist you up, slip them a business card with your contact info, and tell them you’ll toss in some fresh baked cookies for the first aid.  

Originally posted by @Collin H. :
Originally posted by @Joe S.:
Originally posted by @Jill Iwanski:

We have a studio apartment that we rent to traveling nurses. They stay for 13 weeks at a time. It works great for us. It is more work having to flip every 13 weeks but it’s worth it. We have had nothing but great nurses rent from us. They are there to work mega hours and most of them travel home for the weekends. Apartment is fully furnished and all utilities are included in the rent. They show up with a suitcase and enjoy the apartment.

 How do you target just nurses? 

You can stalk them at the local hospitals- find the employee entrance.  Get a cheap pair of crutches and kind of hobble around on them in the parking lot.  When you spot a nurse - they’ll usually be wearing white and have a name badge - take a fall to the ground.  Any decent nurse looking for an overnight rental will come to your aid.  

As they assist you up, slip them a business card with your contact info, and tell them you’ll toss in some fresh baked cookies for the first aid.  

  Would you be open to helping the OP with their marketing plan personally? :-) You seem to have talent that the average person would not be able to pull off. :-)

Originally posted by @Joe S. :
Originally posted by @Collin H.:
Originally posted by @Joe S.:
Originally posted by @Jill Iwanski:

We have a studio apartment that we rent to traveling nurses. They stay for 13 weeks at a time. It works great for us. It is more work having to flip every 13 weeks but it’s worth it. We have had nothing but great nurses rent from us. They are there to work mega hours and most of them travel home for the weekends. Apartment is fully furnished and all utilities are included in the rent. They show up with a suitcase and enjoy the apartment.

 How do you target just nurses? 

You can stalk them at the local hospitals- find the employee entrance.  Get a cheap pair of crutches and kind of hobble around on them in the parking lot.  When you spot a nurse - they’ll usually be wearing white and have a name badge - take a fall to the ground.  Any decent nurse looking for an overnight rental will come to your aid.  

As they assist you up, slip them a business card with your contact info, and tell them you’ll toss in some fresh baked cookies for the first aid.  

  Would you be open to helping the OP with their marketing plan personally? :-) You seem to have talent that the average person would not be able to pull off. :-)

 Gorilla marketing?

@Patrick Flanagan

First of all, contracts on your little baby!! I happen to be a labor and delivery nurse in the Portland area and work with/ know a ton of traveling nurses (none of which are psychotic OR mutt, btw). They are usually looking for a clean, quiet place to stay and are typically very good tenants. Like others have said, the standard contract is 13 weeks but some like to extend 26 weeks. One tip is that many of them are hired for night shift, so the quieter your place during the day while they're sleeping, the better. I also know many traveling nurses who like to travel in pairs (i.e. two best friends) so sometimes two bedroom apartments are great as well. All of the nurses I know use furnished finder and generally expect all utilities to be rolled into the cost of rent. I would suggest spending some time on furnished finder checking out your competition's prices/amenities/furnishings to get some comparisons just as you would do on airbnb/vrbo for a STR. I hope that was semi- helpful!

And again, congrats on your new kiddo :)

@Elena Willis

Thank you so much!! I’m so excited. Yeah it sounds to me like that gentleman has issues.....

That’s great info I’ll send you a personal message!

@Joe S. we use furnishfinder.com. It costs $99/year. They post the apartment. They also vet all the tenants and also the landlord. It has work great. Been using it for 2 years now. The applicant also uses it to contact us with email. We are currently getting $575/month for a 550 sf studio apartment. We spent about $2500 to fully furnish it and scheduled to get our money back in 3 years. We cover all the utilities and high speed internet. It has been a great use of the space that would otherwise be basically unrentable.

Hi @Patrick Flanagan I think that is a solid plan and a niche I'm looking into in our area.  I agree with what @Elena Willis said.  I have a few friends that were traveling nurses and stayed here permanently.  It is basically going to be set up as a short-term rental (everything included in the price) but with fewer vacancies.  Since most of them do work nights to start off with, make sure you have blackout curtains.  

Congrats on your little one! 

@Brad Hammond

It’s worth evaluating further from my research. There are more “added” costs but I feel like one could rent it for more then traditional rent

Thank you!

@Patrick Flanagan yes you can charge more for rent. Most travel nurses get a stipend of 3000 per month in my area. Since they are traveling, expect to budget more for vacancy. I've built several great relationships, so when nurses come back to the area, they check to see if I'm open to having them stay again. furnished finder is great. gypsy nurse facebook works out sometimes. a lot of what I've done was have the nurses I know post the vacancy in their break rooms.

what you can try to do is see if you're able to get in contact with the housing department of these nurse agencies. if you find the right person you might be able to posted by them. Don't rule out local medical schools also. if there is a hospital near you then there is a school training them to be one also.

This also works for traveling business executives.