Paused the video a few minutes in, TOOK ACTION. Cold called my local hospital! Spoke to a housing specialist and she sent me an application to apply for housing providing solutions
I’m a travel nurse and the main barrier of traveling is finding housing! I would much prefer a house with more space, appliances, a VEHICLE, etc., over a hotel!Jesse has provided relief for health care professionals, in a savy way might I add, while making his pockets bigger! So brilliant. 🥳
Hey diamond! Thank you so much for what you do! Being a healthcare condition is now easy task, so kudos to you in the time energy to help other people in need. But as you mentioned before, there are so many clinicians, have a hard time finding housing especially if it’s a nice clean comfortable home that is safe. My business model is all about accommodating folks just like yourself, but also accommodating the agencies. Thank you for the kind words and again for what you do for the communities you serve !
Hi Diamond, when you say you want more space is it also privacy, do you prefer a house to yourself with two bedrooms or do you mind sharing a large house with other travel professionals? Looking to get into the space Also myself.
I'm from Turlock!! THISSSS video actually brought tears to my eyes. Love you all. David you are an amazing interviewer/host. It's an art and a bit of science. Guys, this episode brought so much confirmation and encouragement to my new MTR biz. Other biz folks sometimes say that I am doing too much for my customers/clients. They say it's because I am a softy and needy. I treat my MTRs as I would like to be treated (but is so rare these days). Thank you, Thank you!!
This is probably the single best video Ive seen so far in getting into this space. An especially big thanks to Jesse for sharing all these tips, it gave me a ton of clarity.
Kiyosaki's books are tailored for the absolute beginner. Giving you a different perspective on money is the goal - they aren't a path to wealth, so much as a springboard to change your frame of reference. Basically, he tries to emulate what wealthy parents teach their children from a young age. It reminds me of the Rosetta Stone approach to language - it's almost tailored for children, which can be a little cumbersome for adults. Still, his books are a great first step.
This has been the best podcast on Mid Term Rentals I have ever heard. He is open and giving. A real Go-giver and I have been trying to get started in this space for sometime.
Host of Furnished Finder’s podcast, “The Landlord Diaries” here. On point as always Jesse! I like the meat of the episode starting at 18 minutes. We hear blackout curtains all the time on our show but I like the added recommendation for box fans as a noise barrier for medical professionals that sleep during the day. Nice work David and Rob! I look forward to following the added content of Jesse coaching David on his MTRs.
I’m have been a travel nurse for 6 yrs. This is great! Love a place that is quiet and clean. We are all background checked and know how to be responsible. My recruiters don’t help me with housing. This is for nurses and I use furnished finders, it can be really tough to find housing. Doctors probably have help with housing. I would love to rent from him! Every hospital has travelers that work there.
This is so interesting. I've had a 5 star air bnb/vrbo (also listed on Furnished Finders and Zillow) for quite a while, and I've never gotten a booking from Furnished Finders. I have been contacted by insurance companies via Zillow with great success. I just wondered what the travel nurses were looking for that I wasn't offering.
I am a travel Respiratory Therapist and one of the toughest of traveling is finding a safe and comfortable place to stay.. This is great insight, as I also prepare to get into the MTR space in my home town. Thank you guys!
Julio! Thank you for all you do buddy! You’re not joking, I’ve heard so many travel medical professionals that I’ve actually talk to you on the phone that said they are not in a safe environment and actually want out of where they’re at. This happens all the time.
One of the best podcast I’ve watched! I’m currently renovating a home I inherited here in NYC for this purpose. Thanks a million for the added confirmation.
I truly appreciate this podcast!....I'm a carpenter by trade with a few LTR...my oldest daughter who's a traveling nurse literally suggested this a few days ago, and tonight I stumble across this podcast. The universe is trying to tell me something...again, thanks for this podcast
I just looked at my local area, 3 major hospitals near me, and the furnish finders show more than 500,000 stats!!! Daamn! I'm not buying my house anymore, I'm also in nursing school! So woooow, my mind is blown!
I was getting frustrated until the 18 minute mark because I felt he was avoiding the question about the structure of his business. Thank you Rob for reframing the question multiple times until you flushed out the answers I desperately wanted to hear! Great question Dave on whether this was one person to a house or multiple clinicians in a home
Jesse is the MTR king. I am expanding and converting my garage into a 712 sqft rental for traveling professionals. Braking ground in 2 weeks! I practiced by renting my master bedroom and bath on FF. This will supplement my income as I go through my divorce. I am not afraid to face my future as a single person because of MTR’s . Taking my real estate exam next month so I can have exposure to deals to grow my portfolio and help others find properties that will support a value add so people in my area can actually afford a mortgage by having the tenants pay down the principal! Not to mention all the other benefits! I’m in Modesto too! Been following Jesse for a bit
@@JesseVasquezAirVenture Hey Jesse what relationships? From a recruiter or agency ,cause you make 2x of what I make per unit what relationship can make me double that. Thanks.
Just bought my first duplex next to a hospital in VA and might pursue this strategy. It would be AWESOME if you could make a video on how to analyze mid term rentals :)
@@sebastianvillacism.8563 I live in Norfolk. This was a pocket listing I was able to snag from an agent. Was gonna airbnb it but found out it is in a zone that doesn’t allow short term rentals unfortunately…Hopefully this strategy will work out
I have a 4-plex in Arizona and started renting to nurses and I really like it. They take care of themselves and are just good tenants so far. Much better than short term for me. I tried both. It’s making Money and now I’m looking into buying a second property. I would definitely give it a shot. It’s kind of expensive getting started because of the furnishings but it’s worth it so far.
Jesse you are awesome for all the nuggets you gave here...My wife (an ICU nurse) and I own two airbnb homes in Jacksonville which are to be her retirement income, and am already looking up the hospitals and recruiting agency servicing the area...I am signing up to learn more !!! Thanks also to Bigger Pockets for hosting you !!!
Love this one. And David, I was expecting you to pick up on Jesses approach - it’s not “how can I make money” it’s “whose problem can I solve?” And then the money follows!
Very important question: if he quit his job how did he get credit to buy 9 houses? Likely could get 1 if bought immediately as he quit,but snowballing without adequate debt to income ratios sounds tricky. Any insights ?
I already started investing since 2015, since i quit my job I’ve purchased 4 homes and sold 1, i 1031 exchanged into a few properties. I also had a business of of cohosting which is grossing quite a bit, i just didnt have 2 years business history. My rentals also cash flow pretty heavily.
As a travel nurse, I'll be curious how long this can prove to be a successful business model. Already we are seeing a clear downtrend in pay rates, so I don't believe there will be as many travelers and the ones who do will be more selective on rental pricing.
Still seeing strong demand in lots of areas, also i go after the agencies not the individual nurses myself. It’s also about creating the relationships that will serve over time. Thank you for what you do!
@@JesseVasquezAirVenture You definitely have it figured out! I was hoping to dabble myself, but unfortunately the barrier to entry is quite high for lone individuals. If you have any openings I would love to connect. I can tell you right now the minor details you add go a long way to separating yourself from other options. Thank you!
Great insight! Our first STR is ready to go and I'm thinking of hitting up recruiters and construction companies with all the construction/growth in our area instead as customers. Loved this info and the extra care towards those utilizing your properties. Is furnished finder the best platform for travel nurses and recruiters looking to relocate employees outside of direct calling companies?
I came across Jesse 2 years ago, I have my first rental focused on traveling nurses. I love providing a quality experience for healthcare workers who deserve that after a long shift. I’ll be looking into how to add a vehicle into my business model! Thanks for this great conversation 🔥🔥🔥
First off thank you for the work you do! Clinical work is NO JOKE. That being said, you do have access to the clinicians / agencies working in this space! Use that to your advantage!
Hoa can be tricky, as many require six months minimum lease terms. But there are still folks who are doing extremely well and the space, in fact, some operators, target hoa’s that have 30 day min requirements. Just make sure to look into the bylaws that specific housing association.
@ 5:36 I believe the court’s should have a system in play were landlord’s can go to see repeated bad tenants that take advantage of their rental rights and try to manipulate and take advantage of landlords. It’ll be waaaay easier to weed out tenants that have good credit and take advantage
Man. I got a Duplex property in Los Angeles, on 84th & Vermont. Area is ok. Close to everything! My second month owning this property. I already sent my first $7,000 mortgage. I have one tenant occupying the bottom unit. Which they are paying half the mortgage.This Video is super informative! I’m definitely gonna look into this.
I was taking notes and I basically had to write down everything Jesse said. 😄 I would agree this is the best episode I've ever watched because there was value being offered the entire time. Thank you!
I don't know, most of the investors around me have gotten out and are sitting on their hands waiting for the next down turn to avoid getting burned by depreciation.
I've watched countless hours of this channel and by far this guy is the best person you've had on this show. The vision, strategy and execution is impressive. Thanks for sharing!
@jessevasquez You are brilliant. I myself am a healthcare, professional. After watching this video, I pray that I get unstuck with the valuable nuggets that you shared on this podcast. All of you guys are amazing to even put this together to help share the knowledge of wealth. Thank you all for all that you do.
Yaaaaaasss Jesse!!! I do mid-term rentals and I follow Jesse's channel. He's amazing!! Welcome Jesse! (I was on BiggerPockets Real Estate Rookie Episode 5)
Amazing episode! Wanted to share one piece of feedback - I would LOVE if you brought back the Deal Deep Dive. We learn a lot about general concepts with these amazing guests but going through a specific deal always helped me understand how things actually play out on a case by case basis. Would love to see that segment come back! Thanks for all you guys do
This is all insanely good knowledge about MTR / travelling nurses, but I want everyone to remember the core backbone of why we're all here: You need to find some good real estate first! These are 2nd or 3rd homes we're talking about purchasing and for new folks like me who has a SFH in Riverside, CA, buying a 2nd home is a tough one! Are there any lucrative ways to purchase a home WITH the agencies and them KNOWING it's going to be used as a MTR for travellers? I do need help in the core biggerpockets podcasts in purchasing a home creatively! This market is so high atm!
We had a beautifully done 3 bed home within 2 blocks of the hospital in the capitol city of our state. I had several traveling nurses interested but the problem was they wanted a fully furnished home including all utilities for the same price as they could find a vacant home with no utilities. (I manage both types) . And they wanted to bring their animals which lay all over the furniture and stink up the linens. I only had one traveling nurse (no animals, no relatives, no smoking) who did great for her 3 month contract. I dropped the price for her by 25% but charged a refundable security deposit. At the end, she left the property just like she found it and recieved her entire security deposit back. It was more than she wanted to spend, it was less than I could have gotten so we both gave a little.
@@SM-pc7io interesting. Without knowing what you charge, it seems like the inquries are 1) trying to low-ball you or 2) are showing up as General Leads and they don't understand the market. I have general leads come in through FF and they are always lower than the standard rates... which tells me that the inquirer has seen the standard market rate and is hoping that someone will offer something lower.
I have a question and hopefully one of you can answer it for me. I'm already doing something similar in my home. What kind of insurance is needed for purchasing a house with 3 bedrooms to house 3 nurses that share the living spaces? A rental dwelling insurance policy or DP3? Because I would like to know the carrier being used and the type of policy. Is it considered short term, mid term or long term rental?
I may be hemorrhaging money from my STR but I did watch Interstellar again this weekend and was reminded how good of a movie it was. Thanks Rob and David!
There are lots that cover housing, the nurses get to decide if they want to use stipend or perdiem pay or take housing. LOTS of clinicians choose the per diem pay. That being said it’s still so important to nurture relationships with recruiting staff as you can be the plug for housing in your market. They’ll name drop you and send your info over to the Rn before they start to do their own search. Hope that makes sense !
Been doing this for the past 6 years, currently on my 4th home with 20+ rooms. Great cash flow I also have a free app that helps DIY landlords manage their roommates/room rentals
One million what? My science teacher used to scold: “Cows, beetles or Assholes?” If you forgot to say the unit. Rent, Revenue, Costs, in Repairs to be done?
Click bait The NEWBIES do not understand EBITDA What is the NOI What is the cap rate Did he finance these properties What’s his pre or post tax cash flow Acquisition price of the 9 properties When did he buy them If he quit his job, then is he doing Seller financing or subject to financing with owners of those properties?
If you could suggest one tip? I just found you guys. I first listened to the lady (Idk how to spell her name.) who had slept in the floor from Africa and has succeeded hugely. I’m inspired.
At 07:12, as he was telling the story about where the Fargo nurse was staying, I was thinking, "I bet it's Motel 6?" Ding, ding, ding, ding, ding! YES!
Great insights. Thank you. What kind of properties we need to invest such as single family homes, condos, apartments etc...any input is much appreciated. Thanks
Hey neighbors don’t complain with MTR guests they’re working professionals ( most of the time) I’ve never had complains. Airbnb on the other hand - different story
![How to Get a Developer Job - Even in This Economy [Full Course]](/img/n.gif)
Paused the video a few minutes in, TOOK ACTION. Cold called my local hospital!
Spoke to a housing specialist and she sent me an application to apply for housing providing solutions
Heck yes!!! You’re well on your way!!🙌🏽
How did it go? ✨
How did this go?
Are you making a boat load of money 🤔🤔
Great job!!
I’m a travel nurse and the main barrier of traveling is finding housing! I would much prefer a house with more space, appliances, a VEHICLE, etc., over a hotel!Jesse has provided relief for health care professionals, in a savy way might I add, while making his pockets bigger! So brilliant. 🥳
Hey diamond! Thank you so much for what you do! Being a healthcare condition is now easy task, so kudos to you in the time energy to help other people in need.
But as you mentioned before, there are so many clinicians, have a hard time finding housing especially if it’s a nice clean comfortable home that is safe. My business model is all about accommodating folks just like yourself, but also accommodating the agencies.
Thank you for the kind words and again for what you do for the communities you serve !
Hi Diamond, when you say you want more space is it also privacy, do you prefer a house to yourself with two bedrooms or do you mind sharing a large house with other travel professionals? Looking to get into the space Also myself.
A vehicle? As in the home comes with a car the landlord is willing to rent out?
What would your price range be for such commodities?
Who pays utilities?
Considering he’s averaging $10k per month, per property… for $10k per month, it better come with a car and utilities included!
I'm from Turlock!! THISSSS video actually brought tears to my eyes. Love you all. David you are an amazing interviewer/host. It's an art and a bit of science. Guys, this episode brought so much confirmation and encouragement to my new MTR biz. Other biz folks sometimes say that I am doing too much for my customers/clients. They say it's because I am a softy and needy. I treat my MTRs as I would like to be treated (but is so rare these days). Thank you, Thank you!!
This is probably the single best video Ive seen so far in getting into this space. An especially big thanks to Jesse for sharing all these tips, it gave me a ton of clarity.
Hey thank you!! 🙏🏽 super awesome to hear this resonated with you!
This dude is helping me more than any college degree, love him because he does not do the fluff like Robert kiosaki and others.
Hey man thanks for the kind words! Means a lot appreciate brother 🙏🏽glad your getting value
Kiyosaki's books are tailored for the absolute beginner. Giving you a different perspective on money is the goal - they aren't a path to wealth, so much as a springboard to change your frame of reference.
Basically, he tries to emulate what wealthy parents teach their children from a young age. It reminds me of the Rosetta Stone approach to language - it's almost tailored for children, which can be a little cumbersome for adults.
Still, his books are a great first step.
@@JesseVasquezAirVentureamazing video!! Love love love the many tips you’ve shared, so many gems!!
Kiyosaki is a grifter
lol 😆
This has been the best podcast on Mid Term Rentals I have ever heard. He is open and giving. A real Go-giver and I have been trying to get started in this space for sometime.
Hey Ron, yes I laid out my entire secrets! I want folks to win! Thanks for listening man!
Host of Furnished Finder’s podcast, “The Landlord Diaries” here. On point as always Jesse! I like the meat of the episode starting at 18 minutes. We hear blackout curtains all the time on our show but I like the added recommendation for box fans as a noise barrier for medical professionals that sleep during the day. Nice work David and Rob! I look forward to following the added content of Jesse coaching David on his MTRs.
Hi Kelly!! Thank you for the kind words as always! Yes, Dave and I have some things in the works🙌🏽
How many followers/listeners do you have?
What a fantastic episode. So many gems. I listened to it 3 times. 5 stars. Thank you.
This is probably the best episode I’ve ever seen
OK seriously. Period. Reading this comment I may be shedding a 😢 🙏🏽
I’m have been a travel nurse for 6 yrs. This is great! Love a place that is quiet and clean. We are all background checked and know how to be responsible. My recruiters don’t help me with housing. This is for nurses and I use furnished finders, it can be really tough to find housing. Doctors probably have help with housing. I would love to rent from him! Every hospital has travelers that work there.
Hi Connie! I live the prospective from a travel clinician! Thankful for what you do 🙏🏽 if you’re ever in the Central Valley or Bay Area! We got you!
Put in your application to rent one of his properties and provide him a massive tip
This is so interesting. I've had a 5 star air bnb/vrbo (also listed on Furnished Finders and Zillow) for quite a while, and I've never gotten a booking from Furnished Finders. I have been contacted by insurance companies via Zillow with great success. I just wondered what the travel nurses were looking for that I wasn't offering.
Jesse is the 🐐 This was one of my all-time favorite episodes.
Me too 😊
I agree!
Are you just saying that? Or are you serious? Haha appreciate you man! Thank you for having me on!
Rob, 💯 Jesse is the MTR 🐐!! 🔥
I am a travel Respiratory Therapist and one of the toughest of traveling is finding a safe and comfortable place to stay.. This is great insight, as I also prepare to get into the MTR space in my home town. Thank you guys!
Julio! Thank you for all you do buddy! You’re not joking, I’ve heard so many travel medical professionals that I’ve actually talk to you on the phone that said they are not in a safe environment and actually want out of where they’re at. This happens all the time.
@@JesseVasquezAirVenture 💯
One of the best podcast I’ve watched! I’m currently renovating a home I inherited here in NYC for this purpose. Thanks a million for the added confirmation.
thank you for checking this video out Dion!
The absolute best interview I believe I’ve ever seen on Bigger Pockets !!!!!
I truly appreciate this podcast!....I'm a carpenter by trade with a few LTR...my oldest daughter who's a traveling nurse literally suggested this a few days ago, and tonight I stumble across this podcast. The universe is trying to tell me something...again, thanks for this podcast
The universe is 100% telling you something. Don’t ignore it! Looking forward to your successes!
Lol it’s actually your phone it’s always listening not the universe
@@markavelisocal prospective my friend it’s all prospective
Technically it's the the algorithm listening through phone, elexa, TV, and other devices. But I agree the universe speaks to us as well
@@soulreed potentially the universal algorithm includes technology
One of the best shows for me. Thankyou to everyone!
Thx dude ! 🎉🎉
I just looked at my local area, 3 major hospitals near me, and the furnish finders show more than 500,000 stats!!! Daamn! I'm not buying my house anymore, I'm also in nursing school! So woooow, my mind is blown!
Very cool! Sounds like you should buy an invest property first! Hehe 😊
Awesome discussion and Jesse is very smart and great communicator!!! I learned so much!!! Thank you!!!
Hey! Thanks so much! I hope you found some value in this episode!
Thanks for always putting up useful content guys! Is it possible to do more on S8 housing?
Very actionable thanks! Do you still check credit and background for nurses?
This was probably one of the best interviews you've done. Jesse gave so much free game on this one. Wow. Valuable information.
Hey thanks so much for the kind words! Free game indeed! Get out there make some moves!
This guy is the next level investor! A ton ton of value!
Jenan! Super kind words! Appreciate you
I feel like Jesse is mentoring both David and Rob 😅😂😂 in the episode. Double duty for everyone 🎉
🫡
Same, it looks like they are taking notes too! Right they David and Robert, look like the students 😂
I was getting frustrated until the 18 minute mark because I felt he was avoiding the question about the structure of his business. Thank you Rob for reframing the question multiple times until you flushed out the answers I desperately wanted to hear! Great question Dave on whether this was one person to a house or multiple clinicians in a home
Glad ya got what you were looking for 🙏🏽 get that biz going now that ya got the answers
Great show. I just found out about Jessie last week. I'm happy you guys interviewed him.
Thanks for watching! 🙏🏽
Jesse is the MTR king. I am expanding and converting my garage into a 712 sqft rental for traveling professionals. Braking ground in 2 weeks! I practiced by renting my master bedroom and bath on FF. This will supplement my income as I go through my divorce. I am not afraid to face my future as a single person because of MTR’s . Taking my real estate exam next month so I can have exposure to deals to grow my portfolio and help others find properties that will support a value add so people in my area can actually afford a mortgage by having the tenants pay down the principal! Not to mention all the other benefits! I’m in Modesto too! Been following Jesse for a bit
Kudos to you for taking action! Congrats on the ADU, i feel thats one of the BEST MTR strategies besides house hacking!
FF?
@@HappyPenguin75034 furnished finder
@@HappyPenguin75034 Furnished Finder. Good luck with your real estate journey!
@@lorenazaragoza6411 only curious. I have 4 SFR and I don’t want more. Living for Christ not money.
Oh, have I told you that I appreciated all of you for all you do, providing education and sharing tips, knowledge
Nice video I would like to get intouch with you on to get more information on this subject thnx
How do handle security at your mtr? Security systems, ring doorbells, keyless entrance?
Yes all that, I use Yale and Schlage door locks - ring cameras only out front. A company called IGMS for property management
@@JesseVasquezAirVenture thanks so much!
Thank you for your info. Do you have mid-term rental seminars?
Awesome information 👏🏽👏🏽👏🏽
😊
As a sales professional, i appreciate your prospecting hustle
Dropping 💎💎💎💎🔥🔥🔥🔥. Jesse rocks! I’m actively looking for a property in Greenville SC to use the MTR model. Thank you for the rich content.
I’m doing a nursing rental 4-plex in Arizona and this guy is making 3x what I’m making per unit. Amazing!
You can do it too! Relationships!
@@JesseVasquezAirVenture Hey Jesse what relationships? From a recruiter or agency ,cause you make 2x of what I make per unit what relationship can make me double that. Thanks.
This guy is brilliant. A true out of the box thinker. He DESERVES success 😎💫
Hey! Thanks so much for the kind words! Means a lot to me! Cheers!🎉
How to set prices for each locations/rental? Good info but all surfaces thing . This is one of best episodes! Thanks
He literally said how to in the video. He finds out how much their spending and he makes them an offer which is a lot cheaper and more convenient.
JESSE! THE MTR 🐐
Best episode to date BP!!
Lattice!! 🎉🎉 thank you for supporting me! Appreciate you
Just bought my first duplex next to a hospital in VA and might pursue this strategy. It would be AWESOME if you could make a video on how to analyze mid term rentals :)
Where in VA do you live? I live in the northern VA area and duplexes are extremely rare, if you ever find one.
@@sebastianvillacism.8563 I live in Norfolk. This was a pocket listing I was able to snag from an agent. Was gonna airbnb it but found out it is in a zone that doesn’t allow short term rentals unfortunately…Hopefully this strategy will work out
I have a 4-plex in Arizona and started renting to nurses and I really like it. They take care of themselves and are just good tenants so far. Much better than short term for me. I tried both. It’s making Money and now I’m looking into buying a second property. I would definitely give it a shot. It’s kind of expensive getting started because of the furnishings but it’s worth it so far.
@@Thatswildbruh where in AZ? Phoenix? Which area..
@@Thatswildbruh what area in Arizona?
If you can master sales and relationship building, you can be successful in any business. Kudos to you Jesse, great tips
Spot on Gideon!
Master in sales & become a billionaire
Easy !!!
What size house should I seek for this space and what’s the furthest acceptable distance from a hospital is ok?
I typically look for properties that are two bedrooms and above within a 15 to 20 minute drive time to hospital. The closer you are the better.
Buy a house that will produce you a boat load of money
Make sure you know the difference from NOI vs pre tax cash flow !!!!!
This is the podcast I've been waiting for!!! Thanks, Bigger Pockets!
🙌🏽
Jesse you are awesome for all the nuggets you gave here...My wife (an ICU nurse) and I own two airbnb homes in Jacksonville which are to be her retirement income, and am already looking up the hospitals and recruiting agency servicing the area...I am signing up to learn more !!!
Thanks also to Bigger Pockets for hosting you !!!
Rod that’s awesome! She has access to the travelers in her hospital, have her start data mining 🙃
Great and very insightful info
🙏🏽
What’s the future of real estate in Riverbank in. Central Valley California?
Riverbank!? That’s near me , you talking in California?
I first heard Jesse speak at a Bigger Pockets meet up a few years ago in the East Bay, he’s the real deal and a really nice guy.
hey man! thank you for connecting with me man! glad to have the Bay Area roots / crew!
Love this one. And David, I was expecting you to pick up on Jesses approach - it’s not “how can I make money” it’s “whose problem can I solve?” And then the money follows!
Solving more problems = more income check mark ✅
This is so true, solving problems
@@ericwatts4254 yes exactly!
This was awesome!! As a Registered Nurse for over 20 years I approve this podcast 😊👍👍
Hey 🎉🎉 thank you for all ya do! 🙏🏽
Nurses rock ! Nurses for President !! ❤🤗
Very important question: if he quit his job how did he get credit to buy 9 houses? Likely could get 1 if bought immediately as he quit,but snowballing without adequate debt to income ratios sounds tricky. Any insights ?
I already started investing since 2015, since i quit my job I’ve purchased 4 homes and sold 1, i 1031 exchanged into a few properties. I also had a business of of cohosting which is grossing quite a bit, i just didnt have 2 years business history. My rentals also cash flow pretty heavily.
As a travel nurse, I'll be curious how long this can prove to be a successful business model. Already we are seeing a clear downtrend in pay rates, so I don't believe there will be as many travelers and the ones who do will be more selective on rental pricing.
Still seeing strong demand in lots of areas, also i go after the agencies not the individual nurses myself. It’s also about creating the relationships that will serve over time. Thank you for what you do!
@@JesseVasquezAirVenture You definitely have it figured out! I was hoping to dabble myself, but unfortunately the barrier to entry is quite high for lone individuals. If you have any openings I would love to connect. I can tell you right now the minor details you add go a long way to separating yourself from other options. Thank you!
Great insight! Our first STR is ready to go and I'm thinking of hitting up recruiters and construction companies with all the construction/growth in our area instead as customers. Loved this info and the extra care towards those utilizing your properties.
Is furnished finder the best platform for travel nurses and recruiters looking to relocate employees outside of direct calling companies?
Yes furnished finder is the best space for clinicians looking, it’s also a great lead source .
I came across Jesse 2 years ago, I have my first rental focused on traveling nurses. I love providing a quality experience for healthcare workers who deserve that after a long shift. I’ll be looking into how to add a vehicle into my business model! Thanks for this great conversation 🔥🔥🔥
Sharee! So awesome! I love that your serving your clients and community! Check out Turo thats the easiest and safest way to start!
I list my property at nursesbnb and they do all the work for me to get travel nurses
Hey how do you go about marketing your rental to travel nurses?
@@traysnow7303 I use FurnishedFinder
What state
The loopholes book is super under rated and jammed packed with awesome info - nice shoutout!
It really is underrated, nice little throwback
This is amazing. My wife and I are nurses..looking to buy our first home with an adu!! This video came right on time. Awesome video
First off thank you for the work you do! Clinical work is NO JOKE. That being said, you do have access to the clinicians / agencies working in this space! Use that to your advantage!
Amazing pod! Thank you!
I've been interested in setting up a furnished rental property and this information has been very helpful. Thank you!
🙌🏽
Good presentation. Would have been helpful to discuss how to effectively work with HOAs. Would a property be excluded from MTR because of HOA rules?
Hoa can be tricky, as many require six months minimum lease terms. But there are still folks who are doing extremely well and the space, in fact, some operators, target hoa’s that have 30 day min requirements. Just make sure to look into the bylaws that specific housing association.
Super helpful! See you at VSVCON 2023!
Wait what is vsv con?
@ 5:36 I believe the court’s should have a system in play were landlord’s can go to see repeated bad tenants that take advantage of their rental rights and try to manipulate and take advantage of landlords. It’ll be waaaay easier to weed out tenants that have good credit and take advantage
Totally agree. Doubt California would EVER do that though
Awesome info!
Agree, extraordinary!!! Thank you for the wealth of information on Medium Term Rentals!
I just started following Jesse on UA-cam, I quickly became a fan. Seems like a super great guy. Very awesome to see him interviewed on here.
Thank you so much for the kind words! I am extremely humbled!
Man. I got a Duplex property in Los Angeles, on 84th & Vermont. Area is ok. Close to everything!
My second month owning this property. I already sent my first $7,000 mortgage. I have one tenant occupying the bottom unit. Which they are paying half the mortgage.This Video is super informative! I’m definitely gonna look into this.
You should! That’s also a highly traveled market for travel, medical professionals.
That is just called house hacking 🤯🤯
So genius the way he found new business connection
Kenny! We all have opportunities are potentially literally right in front of us!
You guys are right! I totally enjoyed this session with Jesse! We need a part 2 on pricing MTRs!
Oh thats a whole thing in its self!
Amazing episode!! All great information!
Thanks Alison! Glad you found some value! Cheers!
I was taking notes and I basically had to write down everything Jesse said. 😄 I would agree this is the best episode I've ever watched because there was value being offered the entire time. Thank you!
Gold
Masterclass on MTR sales tactics 101
@@JesseVasquezAirVenture what is a box band? Is this the exercise equipment???
@@avinicole2408 box fan **
I don't know, most of the investors around me have gotten out and are sitting on their hands waiting for the next down turn to avoid getting burned by depreciation.
Good! Give you more access more deals more negation!
Love watching Jesse and Rafa on the Big Break Show🔥!! One of my favorite channels next to BP. Jesse is truly the GOAT 🐐!!!
I've watched countless hours of this channel and by far this guy is the best person you've had on this show. The vision, strategy and execution is impressive. Thanks for sharing!
Jim! Holy smokes thanks buddy! Not only for the kind words but also for watching it though. 🚀🙏🏽
@jessevasquez You are brilliant. I myself am a healthcare, professional. After watching this video, I pray that I get unstuck with the valuable nuggets that you shared on this podcast. All of you guys are amazing to even put this together to help share the knowledge of wealth. Thank you all for all that you do.
Yaaaaaasss Jesse!!! I do mid-term rentals and I follow Jesse's channel. He's amazing!! Welcome Jesse! (I was on BiggerPockets Real Estate Rookie Episode 5)
Heyyy!! Super awesome you’re in Mr. mental space! Glad to be a fellow BP guest just like you!
How did you get their preferred coffee ? 😊
@@loyasrealestate just asked!
Amazing episode! Wanted to share one piece of feedback - I would LOVE if you brought back the Deal Deep Dive. We learn a lot about general concepts with these amazing guests but going through a specific deal always helped me understand how things actually play out on a case by case basis. Would love to see that segment come back! Thanks for all you guys do
One of the Absolute Best podcasts, with so many nuggets I’ve ever listened to. Thank you all!!!🥳
Hey thank you for the kind words! 🙏🏽thx for checking it out
Hi Jesse! Nice to see you on BP!
Hey rich! Nice to connect🤘🏽
This is all insanely good knowledge about MTR / travelling nurses, but I want everyone to remember the core backbone of why we're all here: You need to find some good real estate first! These are 2nd or 3rd homes we're talking about purchasing and for new folks like me who has a SFH in Riverside, CA, buying a 2nd home is a tough one! Are there any lucrative ways to purchase a home WITH the agencies and them KNOWING it's going to be used as a MTR for travellers? I do need help in the core biggerpockets podcasts in purchasing a home creatively! This market is so high atm!
You can still buy in California lower price point why stay in your backyard? Cd teal valley is great price points.
Just work with a great investor\ realtor
We had a beautifully done 3 bed home within 2 blocks of the hospital in the capitol city of our state. I had several traveling nurses interested but the problem was they wanted a fully furnished home including all utilities for the same price as they could find a vacant home with no utilities. (I manage both types) . And they wanted to bring their animals which lay all over the furniture and stink up the linens. I only had one traveling nurse (no animals, no relatives, no smoking) who did great for her 3 month contract. I dropped the price for her by 25% but charged a refundable security deposit. At the end, she left the property just like she found it and recieved her entire security deposit back. It was more than she wanted to spend, it was less than I could have gotten so we both gave a little.
Where is your property located? I’m currently researching multiple markets and am curious as to why they happened to you.
Salem Oregon@@CryptoBlick
@@SM-pc7io interesting. Without knowing what you charge, it seems like the inquries are 1) trying to low-ball you or 2) are showing up as General Leads and they don't understand the market. I have general leads come in through FF and they are always lower than the standard rates... which tells me that the inquirer has seen the standard market rate and is hoping that someone will offer something lower.
Great Job- best podcast ever- Jessie is a real Go-giver a really selfless and humble guy I really learned a lot, thanks guys!!! 🥰
I have a question and hopefully one of you can answer it for me. I'm already doing something similar in my home. What kind of insurance is needed for purchasing a house with 3 bedrooms to house 3 nurses that share the living spaces? A rental dwelling insurance policy or DP3? Because I would like to know the carrier being used and the type of policy. Is it considered short term, mid term or long term rental?
By far one of the best R.E.I. videos I've seen! Much gratitude to you guys!
Thanks for watching man! 🙌🏽
@@JesseVasquezAirVenture You're welcome and thanks for giving us your time and wisdom!
Wow this video is right up my alley, I am a travel nurse myself and I have worked in Modesto and investing in real estate as well
Amazing!!
Started biz in November. Rental arbitrage two units. Fully occupied looking for more!
GALE!!! LFG!!
@@JesseVasquezAirVenture just got my first reach out from ALE…sales engine is starting to cook!
@@galegolden4324 i love it!!!! Where thoughts go energy flows!
Modesto is about to blow up!
Hehe! It’s already blowing up! 🎉🎉
Great episode. Under-utilized strategy and the actionable details for how to get there.
Jord you nailed this perfectly ✅🚀🚀
I may be hemorrhaging money from my STR but I did watch Interstellar again this weekend and was reminded how good of a movie it was. Thanks Rob and David!
Such a great film 🎥
Saw this dude on someone elses live, so dope to see the growth
Slow growth! But it’s all happening! 🙏🏽
Best information video by far, thank you so much!
Thanks for watching!
This guy is a boss for giving all this info
thanks brotha! appreciate the kind words! get out there make stuff happen!
so these agencies that are recruiting travel nurses for jobs are also taking care of said nurses' housing? am i understanding that correctly?
There are lots that cover housing, the nurses get to decide if they want to use stipend or perdiem pay or take housing. LOTS of clinicians choose the per diem pay. That being said it’s still so important to nurture relationships with recruiting staff as you can be the plug for housing in your market. They’ll name drop you and send your info over to the Rn before they start to do their own search. Hope that makes sense !
Awesome video. So much great info. Thanks guys!
Glad you enjoyed it!
Hey thanks for watching!
Been doing this for the past 6 years, currently on my 4th home with 20+ rooms. Great cash flow
I also have a free app that helps DIY landlords manage their roommates/room rentals
Yea? Whats that?
@@ChozenNYC I found the app in his bio!
One million what? My science teacher used to scold: “Cows, beetles or Assholes?” If you forgot to say the unit. Rent, Revenue, Costs, in Repairs to be done?
Click bait
The NEWBIES do not understand EBITDA
What is the NOI
What is the cap rate
Did he finance these properties
What’s his pre or post tax cash flow
Acquisition price of the 9 properties
When did he buy them
If he quit his job, then is he doing Seller financing or subject to financing with owners of those properties?
Fantastic episode! I appreciate the wealth of knowledge being shared.
This is a serious untapped market. These people are in high demand and can appreciate a great relationship when it comes to short stays
Indeed!
Another intelligent guest. Terrific video.
Hey thanks for the kind words 🙌🏽😊
How did he supply car rentals and grocery shopping?
If you could suggest one tip?
I just found you guys. I first listened to the lady (Idk how to spell her name.) who had slept in the floor from Africa and has succeeded hugely. I’m inspired.
I gotta check that one out
At 07:12, as he was telling the story about where the Fargo nurse was staying, I was thinking, "I bet it's Motel 6?" Ding, ding, ding, ding, ding! YES!
Hahaha, can you please tell me what the lotto numbers will be tonight?
This is what my wife and I have been talking about for the past two years and this helped me understand it more.
Glad you found some value!! 🙌🏽
Great insights. Thank you. What kind of properties we need to invest such as single family homes, condos, apartments etc...any input is much appreciated. Thanks
Hey ! All of those will work just fine! Just make sure to design them with intention
Great episode guys!
Thanks for watching!
great episode! Jesse mentioned he also rents out and does MTR, did anybody here do that what if the landlord objects or neighbor complains ?
Hey neighbors don’t complain with MTR guests they’re working professionals ( most of the time) I’ve never had complains. Airbnb on the other hand - different story