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Medium-Term Rentals

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Sal Grimaldi
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New to medium term rentals

Sal Grimaldi
Posted Oct 24 2022, 13:41

I need help looking for website that can help me decide if my properties make sense for medium nurses travel rentals. 
Thanks

Sal

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Gene Hacker
  • Investor and Home Inspector
  • Lake Isabella, CA
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Gene Hacker
  • Investor and Home Inspector
  • Lake Isabella, CA
Replied Oct 24 2022, 14:02

I don't know if there are any websites that will help you determine that.  The goto site for traveling nurses is "funished finder".  You can use that to see what competition you may have in the area. 

How close are your units to a local hospital?

Are your units in good/safe areas?

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Zeona McIntyre
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  • Real Estate Agent
  • Boulder, CO
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Zeona McIntyre
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  • Real Estate Agent
  • Boulder, CO
Replied Oct 24 2022, 19:54

 www.furnishedfinder.com/stats

There is also an area on furnished finder where you can look up the average stipend nurses earn in the area. 

I take the average monthly I think my property will make based on what I see on furnished finder (location, photo quality, furnishing).

Do you have a trauma level 1 or 2 hospital within 30min drive? 

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Zeona McIntyre
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Zeona McIntyre
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Replied Oct 24 2022, 19:55

Our book will help: www.biggerpockets.com/30daysta... use code "zeona" for 10% off

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Sal Grimaldi
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Sal Grimaldi
Replied Oct 24 2022, 19:59
Quote from @Gene Hacker:

I don't know if there are any websites that will help you determine that.  The goto site for traveling nurses is "funished finder".  You can use that to see what competition you may have in the area. 

How close are your units to a local hospital?

Are your units in good/safe areas?

My property is about 1 miles from 1 hospital. The area is A location.


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Replied Jan 17 2023, 09:56
Quote from @Zeona McIntyre:

Our book will help: www.biggerpockets.com/30daysta... use code "zeona" for 10% off


 I've read Zeona's book twice and found very helpful information and and an easy ready!

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Zeona McIntyre
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Zeona McIntyre
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Replied Feb 18 2023, 14:27

That's awesome Karen! Thanks for the mention and I'm so glad it's helping. 

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Manco Snead
  • Investor
  • Spokane, WA
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Manco Snead
  • Investor
  • Spokane, WA
Replied Feb 18 2023, 18:25

RE investor and traveler health care worker here. Yes, FF. Don't cheap out on all the furnishings, and make it quiet, decent furniture/appliances, no mini fridges, $10 toaster ovens, etc. Many (not all) that use that site are traveling health care workers; many own a house, have organized lives, make good $, etc. In other words they're great tenants but they're not going to have any tolerance for a crappy rental where the owner cut corners, rental is dirty, nothing works, fuses always blow, $15 craigslist mushy mattress, barking dogs next door, etc, They'll just bail then leave you a horrible review, as I did for a FF rental.