Digging your statement about the customer being thought of. A lot of businesses forget the purporse of a business is not to make money; but to attract and retain customers who make them profitable.
❤ all of your videos Jesse. Just watching them I have purchased two properties in the last 8 months. I’ve had some early success and still learning. Trying to diversify my tenant pool to include insurance placements. Thank you so much for what you give.
Man I started to do this entire and I slowed down. I reached out to you about how to price and you directed me to these videos. This really recharged me. I actually don’t have much left to do. Thanks again for this.
I would certainly love to attend this function however us Military Reservist can’t attend events on most 1st weekends of the month. Please schedule a small one down here in Texas!
Hi Jesse, ty for these great tips! 😊 do I need to have a contract in place? Who should I go to to draft the contracts & should I create an LLC right away?
Kels I would say you should consider diversifying your portfolio! Both are really great options especially if you know the seasonality. You could put it into the mid term rental space during slower. And take advantage of the Airbnb upswing of the summer seasons.
This was my plan.dang I feel smart haha thanks for the information. I would love to go to the summit and I aiming for this course when you learn how to talk-lol!!!!! You crack me up with your videos too.
@@JesseVasquezAirVenture it's working for you! Mr. Relationship builder. On a side note, glad you mentioned that you will align with the right people when you're intention is more purposeful besides buisness. I truly believe this and you just confirmed I'm on the right track. Kudos & thank you.
Out of these four types of homes (Single family, townhome, condo, multi family, etc) if you were buying your first property to do this, which type would you recommend?
@@JesseVasquezAirVenture We are looking to buy our first property, and were leaning towards a townhome as it seems like it'd be a good place to rent out in the future. What would be the reason you wouldnt put it above a SFH?
I have a 3 bedroom house and am wanting to rent out 2 rooms. Would like to do the MTR. Is it likely that rooms will rent, or is it usually a whole house? Obviously, air-bnb will work, but I'm interested in longer term but not long term. Thanks in advance! Love the channel.
I watched this video 3 times! lol Thank You so much for sharing. I do however have a question. While you are in charge of Arbritrage who is resposible for repairs on the property you or the landlord?
He said he sets aside $200 per month for repairs and after the lease is up and he doesn't resign a lease the landlord is responsible. Think about it you want your place to continue to look good to keep getting people in the units, so you're going to keep the repairs up.
Hi Jesse and I've probably watched half of your videos thanks so much for sharing your knowledge! Quick question. I have 6 STR's and often get 30-90 day stays but want to focus on Mid Term Stays. How do you keep a 90 day block open for a booking without blocking your calendar for short term stays and loosing money while waiting for that Mid term stay? Thanks so much for your time.
Jesse, the content is highly appreciated🥇. My question is, when you've done an arbitrage with a property, who pays for the repair (if any are needed) at the end of a tenant lease is up? The landlord or us as the investor? Thanks for all your help.
Are usually set up my lease is where I will cover up to $200 a month for the property, this gives the owner a little bit of leeway, especially if you’re trying to build a a consistent reputable business with that investor. After the lease ends, they should handle everything themselves,
@JesseVasquezAirVenture , so out of your cash flow from the property, you'll cover $200/mo for damages. Meaning at the end of a 6mo lease, you've put up $1,200 for the turnover? If damages exceed that $1,200, do you cover that as well, or is the difference split between the landlord and yourself?
@@mikejr1152 if you’re arbitrage from somebody, it’s typically when your minimum lease. So that means I am renting your property as a homeowner and then I am subleasing it out. I wouldn’t recommend arbitrage anything less than a year. In fact, I usually typically shoot for two years.
@JesseVasquezAirVenture overstood. So, any damage to the property during the agreement between the investor and landlord is 💯% handled by the arbitrator. Got it! Thanks for the quick lesson🤙🏼.
Thanks for the great videos! Really helpful for me to decide if I want to dive into MTR or not. Also, who is your videographer/editor? Would like to make connections maybe to tryout for your/their team…
I'm so sick I missed the MTR Summit. LOL I just found your videos today after hours on furnish finder trying to figure out how to take action. I know I'll get another chance one of these days! Love your content and keep up the great work brotha!
Hey Jessie. Love your video. I am an investor from Toronto, Canada and now ready to invest in the US and that agree that arbitrage is the best way to begin. I am interested in your course if it helps me fast track - where do I find the info.
Can you explain how a landlord would spend 3to6k reconditioning a place? What size unit are you talking about and what location is that math used for?😊
Well if you just Google this it shows 3-6k for turnover after a guest has been in a house for a year. Here’s what Google says the average is (ps I’m in California) On average, tenant turnover costs $2000 per turn. It can be as high as $6,000 depending on several factors.
Hi Jessie, very helpful video. I wonder, do you sign a lease for one year with the landlord you're doing arbitrage with or do you prefer to lock the property down for a longer term like say 3 years? Also, do you pay the landlord his regular long term market rate rent or do you offer him some kind of incentive like a share of profits or just a flat fee above and beyond market rate like say an extra $200 per month or something? Thank you :)
@@JesseVasquezAirVenture Thank you! Sounds like you pay regular long term market rent as well which makes sense since you're taking a lot of risk. Very helpful, thanks again! :)
Jesse, love your content. I'm very new into REI and very drawn to your model. My family was displaced last year due to a water leak in my house and I see, like you said, not just a potential but a need to serve people in situations like this. Do you happen to know if MTR would work in Northern Virginia? I don't know how to market research and determine if this would be profitable here or not since houses are so high. I would love to be able to invest "in my backyard" but my backyard is crazy expensive. =)
Great video! Do you have one of those sample contacts to share , or don't you give'em away? I was wondering in which aspect those are different than typical LTR contacts? Also, the fact that lessee gonna be agency but actual people living there would be their employees I'd like to know the verbage and phrases around that if anything were to happen
@Jesse Vasquez can I get a sample with obscured name and personal info if I take your course? I am also curious what else your paid course offers that isn't covered on UA-cam? Do you go over details on how much to charge the agency and do better negotiations?
Don’t put all your eggs in one basket , diversify your guests. On another note, 1-4 clinicians are expected to leave healthcare further depleting our healthcare system. There will always be a need for clinicians ( worked healthcare for 18 years watched it first hand)
300 hospitals wow. I never heard about that, was that a news article or something? I assume hospitals would just hire nurses if they were running that low on funds.
@@haetienne the prob is lots of nurses are quitting, burnout, low pay, I’ve never seen so many investors that are new and are clinical. Their goal is to exit nursing industry. I’ll add a link i just read recently. This only means the demand MUST increase. But again, dont put all your eggs just in the healthcare basket. Diversify your portfolios! Here’s the article that is 3 days old www.nursingtimes.net/news/workforce/early-departure-of-thousands-of-nurses-deeply-worrying-13-02-2023/
Travel nursing has nothing to do with hospitals closing. Travel nursing has been a business utilized by health care facilities since the 70s. Travel nurses aren’t destroying hospitals. Hospitals lack of appreciation and under compensating financially for years is the culprit behind hospital closures. Three hundred hospitals is a bit dramatic but definitely a few. Plus Hospitals have insurance set up to prevent staffing shortages by paying crisis Pay to travel nurses which was a thing even before the pandemic. And furthermore, regarding corporate housing, most travel agencies do not utilize corporate housing anymore due to more travel nurses opting for stipends instead of housing them. Agencies like AMN, cross country, Aya, or medical solutions may still use corporate housing but def not as much as they used to in the past before Airbnb and furnished finders came on the scene
Heck yeah! I've designed a few MTR's and am now cohosting one and thought what the heck- why not?! Here goes nothing, let's find an LTR to rent out and MTR! Good to know I'm on the right track. Now gotta hit those meetups and find the LTR Investor! I have a feeling they may not be too far away! ;)
There’s definitely a ton of opportunities to cohost for investors who do not want to spend the time working on agencies / mid term renting with intention. Cheers to you and your biz!
I HAVE A BIG FISH ON THE LINE JESSE! I just sent you an email asking for some quick advice on my pitch to them when I meet with them and their associate. Much appreciated,!!
I feel like the scariest part is finding a place, renting, furnishing, and finding out you’re in the wrong city.
Digging your statement about the customer being thought of. A lot of businesses forget the purporse of a business is not to make money; but to attract and retain customers who make them profitable.
Yes totally, customer center, hospitality driven!
❤ all of your videos Jesse. Just watching them I have purchased two properties in the last 8 months. I’ve had some early success and still learning. Trying to diversify my tenant pool to include insurance placements. Thank you so much for what you give.
Hey Dave thanks Man! Congrats on your two properties, 8 months!? Nice! 🙌🏽
@@JesseVasquezAirVenture Thank you for sharing this video is exactly what I was looking for. Looks like your business is in San Diego?
What platform are you on to find insurance placements?
@@dreamwhite2886heard Jesse say Linkin works
Thanks for sharing great info and being funny too! Good combo! 🙌😊
You are so welcome!
Thanks Jesse
Love all your golden nuggets ❤
Hey!! Any time ! Thanks for watching 🙏🏽
I have two properties I have been renting out for years ... I'm loving your ideas!!
Awesome!!!! Thanks!
I like this idea. I'm trying to buy a property now to do MTR, but this may be the way to get started. Rental arbitrage, I like it.
It’s an easy way in and a bit cheaper too
Jesse, you’re genius. ❤ all your videos
Susan! Thank you and I’m definitely not a genius lol but I found a way!
It was helpful! Thx
No problem!
it was helpful jesse . each of yr video has something to learn . thanks
Thank you Nikhill
Man I started to do this entire and I slowed down. I reached out to you about how to price and you directed me to these videos. This really recharged me. I actually don’t have much left to do. Thanks again for this.
Thats awesome!
I’ve listed properties on furnished finder and never ever got anything from it
might not be listed at a price that works or your market might not have the need. Design? There’s a lot of different factors .
I appreciate your content! Very helpful! 🤞🏾💪🏾
Hey thank you !
Thank you Jesse, just started to watch, it's extremely educative.
Hey Tamara! Thanks for watching!
@@JesseVasquezAirVenture I truly need your guidance on mid term rental, how can I send you a DM ? Will be very thankful for your kind help.
Thanks Jesse! 👏🏾👏🏾👏🏾
Anytime!
I just recently found you and so I missed the summit. Will there be another one coming up soon?
I would certainly love to attend this function however us Military Reservist can’t attend events on most 1st weekends of the month. Please schedule a small one down here in Texas!
Would love too! Thank you for your service kat!
Hi Jesse, ty for these great tips! 😊 do I need to have a contract in place? Who should I go to to draft the contracts & should I create an LLC right away?
I would get an LLC together as soon as possible
Great info Jesse! I'm in the 209 area code and forming my business. I work with traveling medical professionals. Looking forward to your videos!
That’s so awesome man! It’s a great market! Congrats On your new venture 🙏🏽
Great info! I was going to do STR with a few of my properties but I’m leaning towards this direction now!
Kels I would say you should consider diversifying your portfolio! Both are really great options especially if you know the seasonality. You could put it into the mid term rental space during slower. And take advantage of the Airbnb upswing of the summer seasons.
Dude. This is THE video. You make me believe I can do this. Thank you! You’re amazing, and I can’t wait to take your class in the future
You got this!
do you need an LLC to start a midterm rental business?
Hey there! You do not! You can run as a sole proprietor, definitely chat with a CPA.
This was my plan.dang I feel smart haha thanks for the information. I would love to go to the summit and I aiming for this course when you learn how to talk-lol!!!!! You crack me up with your videos too.
Some day I’ll communicate like a regular human
@@JesseVasquezAirVenture it's working for you! Mr. Relationship builder. On a side note, glad you mentioned that you will align with the right people when you're intention is more purposeful besides buisness. I truly believe this and you just confirmed I'm on the right track. Kudos & thank you.
@@JesseVasquezAirVenture I applied for Masterclass:)
@@mayraandchrisbasinger5217 100 percent game changer
@@mayraandchrisbasinger5217 🙌🏽
Jesse, great content man. I'll be putting this to work!
Thats awesome man! Let me know when you get started!
Does the hospital always need to be a level 1? I found a good deal near a level 2
Not at all, one of my best referring hospitals is a level three
GOLD! thanks Jesse
🙌🏽 thanks for checking it out!
Out of these four types of homes (Single family, townhome, condo, multi family, etc) if you were buying your first property to do this, which type would you recommend?
Multi family (duplex triplex) or SFH
@@JesseVasquezAirVenture We are looking to buy our first property, and were leaning towards a townhome as it seems like it'd be a good place to rent out in the future. What would be the reason you wouldnt put it above a SFH?
I have a 3 bedroom house and am wanting to rent out 2 rooms. Would like to do the MTR. Is it likely that rooms will rent, or is it usually a whole house? Obviously, air-bnb will work, but I'm interested in longer term but not long term. Thanks in advance! Love the channel.
I don’t rent by the room but there’s a ton of folks who do, they do very well - in fact, you may be able to cover a big piece of your mortgage.
@Jesse Vasquez would like to. Love your energy and ideas. Hopefully, some of those ideas can help develop into new ventures
@@jdubflylo most definitely- where thoughts go energy flows
Thank you Jesse, this is very helpful. I appreciate how real you are in sharing this information and not just talking a lot of hype. Thank you
Hey Kemet, no hype here. All real no BS. Haha that should be my slogan
I watched this video 3 times! lol Thank You so much for sharing. I do however have a question. While you are in charge of Arbritrage who is resposible for repairs on the property you or the landlord?
You or landlord
He said he sets aside $200 per month for repairs and after the lease is up and he doesn't resign a lease the landlord is responsible. Think about it you want your place to continue to look good to keep getting people in the units, so you're going to keep the repairs up.
Fabulous content!
Thank you Maureen 🙏🏽
Hi Jesse and I've probably watched half of your videos thanks so much for sharing your knowledge! Quick question. I have 6 STR's and often get 30-90 day stays but want to focus on Mid Term Stays. How do you keep a 90 day block open for a booking without blocking your calendar for short term stays and loosing money while waiting for that Mid term stay? Thanks so much for your time.
It’s a tough one, I would suggest pick your down season to go full on MTR
Great video ! ❤ how do we get tickets to San Diego ?
Hi Tina! Thank you! Www.midtermrentalsummit.com
Jesse, the content is highly appreciated🥇. My question is, when you've done an arbitrage with a property, who pays for the repair (if any are needed) at the end of a tenant lease is up? The landlord or us as the investor? Thanks for all your help.
Are usually set up my lease is where I will cover up to $200 a month for the property, this gives the owner a little bit of leeway, especially if you’re trying to build a a consistent reputable business with that investor. After the lease ends, they should handle everything themselves,
@JesseVasquezAirVenture , so out of your cash flow from the property, you'll cover $200/mo for damages. Meaning at the end of a 6mo lease, you've put up $1,200 for the turnover? If damages exceed that $1,200, do you cover that as well, or is the difference split between the landlord and yourself?
@@mikejr1152 if you’re arbitrage from somebody, it’s typically when your minimum lease. So that means I am renting your property as a homeowner and then I am subleasing it out. I wouldn’t recommend arbitrage anything less than a year. In fact, I usually typically shoot for two years.
@JesseVasquezAirVenture overstood. So, any damage to the property during the agreement between the investor and landlord is 💯% handled by the arbitrator. Got it! Thanks for the quick lesson🤙🏼.
Thanks for the great videos! Really helpful for me to decide if I want to dive into MTR or not.
Also, who is your videographer/editor? Would like to make connections maybe to tryout for your/their team…
Cool! You’re welcome! Shoot me your email I’ll connect you to editor
I'm so sick I missed the MTR Summit. LOL I just found your videos today after hours on furnish finder trying to figure out how to take action. I know I'll get another chance one of these days! Love your content and keep up the great work brotha!
Haha you’re good ! We shall have another!
Same here. I wish it will be live and also recorded for those who couldn’t attend
@@nakzadi4015 i have a copy i may release it
@@JesseVasquezAirVenture Cool! Thank you, Jesse 🙏🏼
Hey Jessie. Love your video. I am an investor from Toronto, Canada and now ready to invest in the US and that agree that arbitrage is the best way to begin. I am interested in your course if it helps me fast track - where do I find the info.
Hey!! Apply here! therealjessevasquez.com
Damn!
I just missed this event in San Diego
Ya did! It was great!
Replace baseboards? What kind of tenants you got? Maybe paint the baseboards.
I got the kind that I need to replace baseboards
Baseboards are actually pretty cheap. Measure the walls, pick out the style and have it measured and cut, glue or screw and nail in place. Done...😊
Can you explain how a landlord would spend 3to6k reconditioning a place? What size unit are you talking about and what location is that math used for?😊
Well if you just Google this it shows 3-6k for turnover after a guest has been in a house for a year.
Here’s what Google says the average is (ps I’m in California)
On average, tenant turnover costs $2000 per turn. It can be as high as $6,000 depending on several factors.
@@JesseVasquezAirVenture again, you're just using a random range without giving context to the unit type or size or location.
How do I sign up for a consultation call?
Hey Ethan I unfortunately do not do consult calls, my team does offer to answer questions you may have linktr.ee/Airventurehostingco
Hi Jessie, very helpful video. I wonder, do you sign a lease for one year with the landlord you're doing arbitrage with or do you prefer to lock the property down for a longer term like say 3 years? Also, do you pay the landlord his regular long term market rate rent or do you offer him some kind of incentive like a share of profits or just a flat fee above and beyond market rate like say an extra $200 per month or something? Thank you :)
I like signing 2 year min to cover costs etc,
@@JesseVasquezAirVenture Thank you! Sounds like you pay regular long term market rent as well which makes sense since you're taking a lot of risk. Very helpful, thanks again! :)
So if you start out as the middle man between the landlord and the midterm tenant how do you get paid? Are you charging a fee? Thanks.
i dont charge fees, i am the housing
5:32 always have those costumers in mind.
Yeah, wise words my man.
Feelin' it. 😄
(just kidding - fantastic value in this one Jesse. Thank you)
🤓
How much is the course in March in San Diego?
midtermrentalsummit.com
Love this Jesse, thank you! How much would profits be from an arbitrage scenario?
Hey Cass, it really depends on the unit, location, there’s so many different variables. It’s hard to give a specific amount.
Jesse, love your content. I'm very new into REI and very drawn to your model. My family was displaced last year due to a water leak in my house and I see, like you said, not just a potential but a need to serve people in situations like this. Do you happen to know if MTR would work in Northern Virginia? I don't know how to market research and determine if this would be profitable here or not since houses are so high. I would love to be able to invest "in my backyard" but my backyard is crazy expensive. =)
I’ve had a ton of students over in the north Virginia area, and Washington area. They seem to be doing well.
Great video! Do you have one of those sample contacts to share , or don't you give'em away? I was wondering in which aspect those are different than typical LTR contacts? Also, the fact that lessee gonna be agency but actual people living there would be their employees I'd like to know the verbage and phrases around that if anything were to happen
Yah I don’t share those legal things like that - check w your local attorney each state has its own set up
@Jesse Vasquez can I get a sample with obscured name and personal info if I take your course? I am also curious what else your paid course offers that isn't covered on UA-cam? Do you go over details on how much to charge the agency and do better negotiations?
There are about three hundred hospitals about to close their doors because they cannot afford to keep paying traveling nurses
Don’t put all your eggs in one basket , diversify your guests. On another note, 1-4 clinicians are expected to leave healthcare further depleting our healthcare system.
There will always be a need for clinicians ( worked healthcare for 18 years watched it first hand)
300 hospitals wow. I never heard about that, was that a news article or something? I assume hospitals would just hire nurses if they were running that low on funds.
@@haetienne the prob is lots of nurses are quitting, burnout, low pay, I’ve never seen so many investors that are new and are clinical. Their goal is to exit nursing industry. I’ll add a link i just read recently. This only means the demand MUST increase. But again, dont put all your eggs just in the healthcare basket. Diversify your portfolios! Here’s the article that is 3 days old www.nursingtimes.net/news/workforce/early-departure-of-thousands-of-nurses-deeply-worrying-13-02-2023/
@@JesseVasquezAirVenture that’s me! On my way to Replacing my travel nurse pay with STR and soon to be MTR income 👏🏻
Travel nursing has nothing to do with hospitals closing. Travel nursing has been a business utilized by health care facilities since the 70s. Travel nurses aren’t destroying hospitals. Hospitals lack of appreciation and under compensating financially for years is the culprit behind hospital closures. Three hundred hospitals is a bit dramatic but definitely a few. Plus Hospitals have insurance set up to prevent staffing shortages by paying crisis Pay to travel nurses which was a thing even before the pandemic. And furthermore, regarding corporate housing, most travel agencies do not utilize corporate housing anymore due to more travel nurses opting for stipends instead of housing them. Agencies like AMN, cross country, Aya, or medical solutions may still use corporate housing but def not as much as they used to in the past before Airbnb and furnished finders came on the scene
tried to get ticket 2 weeks ago already sold out i am on the waiting list
We are totally sold out!
Brilliant strategy! I’m gonna make some calls!
It really is! Pick up the phone!
@@JesseVasquezAirVenture What are some of the hurdles you face when trying to arbitrage rentals for medium-term rentals?
How do you overcome them?
Heck yeah! I've designed a few MTR's and am now cohosting one and thought what the heck- why not?! Here goes nothing, let's find an LTR to rent out and MTR! Good to know I'm on the right track. Now gotta hit those meetups and find the LTR Investor! I have a feeling they may not be too far away! ;)
There’s definitely a ton of opportunities to cohost for investors who do not want to spend the time working on agencies / mid term renting with intention. Cheers to you and your biz!
I HAVE A BIG FISH ON THE LINE JESSE! I just sent you an email asking for some quick advice on my pitch to them when I meet with them and their associate. Much appreciated,!!
Hey that sounds fun, shoot me an email
@@JesseVasquezAirVenture Did my email get through to you on your website?
Can you make a title onder the vedio bc you talk super fast
Dude its not cool being OCD on camera. Like you should really COMPLETELY edit out your OCD moments.
Completely disagree. Dude comes off super real and relatable. 😊
Send me your email address. Ill forward my videos to you before i post so they fit what you like. Also, if i did have ocd you dont need to shame me.
Thx for the kind words 🙏🏽
😂
@@JesseVasquezAirVenture don't edit them out man! Makes it real