$1M/Year with 9 Rental Properties by Cracking the Travel Nurse Code
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- Опубліковано 17 тра 2024
- You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest?
After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for.
From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant.
00:00 Intro
01:01 Quick Tip
01:57 Giving Up the Golden Handcuffs
04:42 Vowing Never to Invest
06:13 Tailored Housing for Traveling Nurses
10:58 Giving Up a Six-Figure Salary
14:24 $1M with Medium-Term Rentals!
17:13 Tips to Stay 100% Rented
23:06 Choosing a Medium-Term Market
29:58 Massive Cash Flow From Insurance Companies
35:09 Amenities You MUST Have
38:56 What About the Squatters!?
42:36 Famous Four
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Resources Mentioned in This Episode:
ALE Solutions: www.alesolutions.com/
DANHousing: danhousing.com/
Furnished Finder Stats: www.furnishedfinder.com/stats
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Episode #728
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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?
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!
What a fantastic episode. So many gems. I listened to it 3 times. 5 stars. 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 .
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!
The absolute best interview I believe I’ve ever seen on Bigger Pockets !!!!!
Amazing pod! Thank you!
Awesome information 👏🏽👏🏽👏🏽
😊
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?
Agree, extraordinary!!! Thank you for the wealth of information on Medium Term Rentals!
Nice video I would like to get intouch with you on to get more information on this subject thnx
Dropping 💎💎💎💎🔥🔥🔥🔥. Jesse rocks! I’m actively looking for a property in Greenville SC to use the MTR model. Thank you for the rich content.
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!!
Great show. I just found out about Jessie last week. I'm happy you guys interviewed him.
Thanks for watching! 🙏🏽
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 🙃
Fantastic episode! I appreciate the wealth of knowledge being shared.
Love watching Jesse and Rafa on the Big Break Show🔥!! One of my favorite channels next to BP. Jesse is truly the GOAT 🐐!!!
This is the podcast I've been waiting for!!! Thanks, Bigger Pockets!
🙌🏽
The loopholes book is super under rated and jammed packed with awesome info - nice shoutout!
It really is underrated, nice little throwback
I feel like Jesse is mentoring both David and Rob 😅😂😂 in the episode. Double duty for everyone 🎉
🫡
Oh, have I told you that I appreciated all of you for all you do, providing education and sharing tips, knowledge
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!
Another steller and insightful episode! Jesse V was 🔥!! DG and Rob, thank you!! 🤠👍
Jesse! Thanks for the positivity man! Cheers!
Great episode. Under-utilized strategy and the actionable details for how to get there.
Jord you nailed this perfectly ✅🚀🚀
Super informative! Ive been following Jesse for awhile now and he's always sharing such good stuff ! So happy to see him on BPs!
Heyyyy Chet! Thanks for the kind words! Grateful to have landed on BP 🙏🏽
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.
amazing information thank you and thank to bigger pockets
Luis! Thanks for checking this out brother. Glad you found some value!~
Saw this dude on someone elses live, so dope to see the growth
Slow growth! But it’s all happening! 🙏🏽
Amazing episode!! All great information!
Thanks Alison! Glad you found some value! Cheers!
I've been interested in setting up a furnished rental property and this information has been very helpful. Thank you!
🙌🏽
Awesome content guys, keep it up!!!
Sonny!!! Thanks for the kind words
you guys are the best!
❤
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.
One of the best shows for me. Thankyou to everyone!
Thx dude ! 🎉🎉
Hi Jesse! Nice to see you on BP!
Hey rich! Nice to connect🤘🏽
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!
This is one of the BEST episodes in a long time! Wow so much practical knowledge. Sparked a new business idea for me
Love to hear this! Now come the action taking part! Cheers to new ideas!
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 🐐!! 🔥
Best information video by far, thank you so much!
Thanks for watching!
This was really, really good! You just changed my my mind to look at MTR vs LTR-Jesse do use the company to help you furnish these places?
Hey i use a few different folks to furnish, reach out to a few local vendors or staging agencies for any uses but functional furniture at a discounted price
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!
So intriguing Thank you
Hey! Thanks for checking it out!
I’ve listened 3 times already thanks 🙏 for the great information 👍👍👍
🙌🏽 awesome
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
Wow! Super impressive and eye opening!
Awesome info guys - Thank you for bringing on Jessie - very cool. :)
Hey thanks for checking out the vid!
JESSE! THE MTR 🐐
Best episode to date BP!!
Lattice!! 🎉🎉 thank you for supporting me! Appreciate you
Great Job- best podcast ever- Jessie is a real Go-giver a really selfless and humble guy I really learned a lot, thanks guys!!! 🥰
This is probably the best episode I’ve ever seen
OK seriously. Period. Reading this comment I may be shedding a 😢 🙏🏽
So much valuable information! I’m taking action. I lived in Merced Ca. Love the Central Valley. Y’all for real legit ❤
Denise! CV is great market! But honestly, you can follow this same model anywhere!
Is Central Valley in California?
Super helpful! See you at VSVCON 2023!
Wait what is vsv con?
Yes, it's a second time listening to this awesome video!! Love it!
Hey Sandra! 🙌🏽 hope ya got some value from it! Apply it 🙏🏽
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!
One of my fav episodes. Thank you
🙌🏽
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!
Jessie
Kudos to you my friend.
Just a wealth of valuable info you have given to the world of MTR.
YOUR CONFIDENCE AND IDEAS ARE very honed in.
Congrats.
I have 8 rentals in florida, but your insights. Are very helpful. Thanks
Hey Jim thanks buddy- appreciate it 🙏🏽
Hey thanks Jim! Appreciate the kind words
I'm so grateful 🙏🏽 for this message today. Thank you!
So grateful you found this! 🙏🏽
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 video. So much great info. Thanks guys!
Glad you enjoyed it!
Hey thanks for watching!
Love it and I am also from the Central Valley and could not be more thrilled for this episode.
Hey neighbor! 😂 CV is a fantastic market!
What state are you in?
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
This is an awesome episode. One of my favorite
Glad you found some value!
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.
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!
How do you price your mid 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!
Such a great film 🎥
Thank you! Amazing Episode, one of the best!
Noel! This was a fun one! Thanks for listening !
I listen to it twice on the Podcasts and once on UA-cam. I live in northern Indiana and want to see if I can execute what you talked about on the show.
@@n031ca you got this!
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!!
What’s the future of real estate in Riverbank in. Central Valley California?
Riverbank!? That’s near me , you talking in California?
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.
This is so amazingly timely information. ❤❤❤❤
Thank you so much Jesse
@ 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 information ❤
❤
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.
What episode # is this? I want to listen to it on podcast
Episode 728
Seriously, amazing gems in this episode!
🤜🤛
Great interview
Thanks! Have a good day!
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
Jesse, so if I use this method doing rental arbitrage for mtr, the agency's will pay for the deposits, Like first months rent?
You have to pay it but if you land contracts they’ll cover more than enough to cashflow Yes you can rental arbitrage as well, in fact if I was starting today I would arbitrage.
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
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.
Love, love Jesse. He has inspired and helped me a lot with his info sharing. Very generous, thank you.
Hey 👋🏽 thank you so much! I’m glad I’m helping you achieve your goals! So bad ass! 🙌🏽
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 💯
What an incredible achievement meeting!’ Well said about everything!!!
Hey! Thanks for checking it out!
Awesome episode! Jesse is deff MTR GOAT!!! Love his content!
Heyyy thank you for the kind words! I had fun with david and rob!
This is one-of-a-kind podcast, it's just amazing -answered so many questions I had. Like he was speaking to me directly.
Thank you so much
Hey Priscilla! Glad you found some value 🙌🏽 🎉 now it’s the time to take action
Amazing information and strategies!!!
Thank you Cynthia! Definitely follow this method!
Awesome video
So genius the way he found new business connection
Kenny! We all have opportunities are potentially literally right in front of us!
Hello Bigger Pockets/David Greene!
is it possible for me to get an FHA Loan if I already have a conventional home on an investment property?
I put 20% down on my first property but I still don't own a home as a first time home buyer. Does anyone knows how this works?
Also how can I show a low DTI if I bought the property on the same year I'm trying to get an FHA loan on a home. My goal is to be able to house hack on my second property.
Thank you in advance!
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!
Love this episode Jessie is a great mentor and he saved my property when my area got restricted Jessie mes term strategy worked
Aramis restrictions and regulations are definitely coming. Great job for taking action and pivoting! Kudos to you 🙌🏽
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
Great episode guys!
Thanks for watching!
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 a great episode Jesse! 👏🏾
Lawrence, thank you so much! I enjoyed being on the show!
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!
I always enjoy listening to Biggerpockets because it helps me learn more about investing in real estate in many ways!
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
Jesus mentioned he does coaching. Is there any info to get in touch for coaching?