@@JesseVasquezAirVenture thanks Jesse I am about to buy 2 newly renovated small homes on the same parcel next month, and I am going to aim to mid term 1 and live in the other Your videos have helped give me the clarity and confidence 🤝
@@OverfinchJoshua that’s freaking awesome! I think house hacking with one other side as a Mid Term rentals probably one of the best and most underutilized strategies out today! Congrats on making moves ! 🫡
lol just a guy wearing a hat backwards in my 40. man, you just provide so much information thanks again. I cannot wait to closing in my first rental property here in Florida, we should be done by the end of this month. I am purchasing it fully furnished. Soon as I am up and running you will receive a thank you DM from me.
What kind of single family houses are you looking at? For example, would a 3 bed 2 bath work well? Or should I try a bigger home like 4-5 rooms and 3-3.5 baths?
Hi Jesse! I am glad I came across your channel before going down a rabbit hole on the subject! Great place to begin my research. Also, the style suits you!
Great video, very informative Would love to hear how you sourced the property, rehab cost if any, cost of furnishings, and how to underwrite a property if going into a new market. thanks 🙏
Jesse, I never realized how funny you are! Like when you mentioned how f'ing bad you are at math and then immediately blurt out the right answer afterwards, LOL!! Love it. You look young mannnn, like 82. Lmbo, nah, more like 29. Thank you always for dropping the gems.
Jesse…I am a just retired homeowner. Have watched most of your videos. I’m interested in two things….your master class and it’s cost and your property management platform. Trying to decide whether to go into after your class or turn this over into your capable hands. John
Hey John, my course is going to teach you exactly how to go after the agencies. To be honest the framework is all here on UA-cam, it’s not rocket science to figure out. But in the course I really break down step-by-step what to do, plus the community of peers is really what makes it. It’s three months long so I guide you along the way we have weekly calls. On the property management side I am totally open to doing that although we only go after Furnished finder and Airbnb. Creating contracts and connecting with agencies isn’t the easiest thing to do, which is why the course teaches you how to go after the specific corporations.
I wish you could teach in person, go over paperwork ECT watching videos don't help at all. I know how to buy property, even my daughter was a travelling nurse and stayed temp in nice places. In person would just be good and price of class can include lodging. I would pay for that and my own plane ticket.
Question: Whats thw farthest a rental property can be in order to service travel nurse's? Is there a distance limit basically an if so the next step in my mind would be aervicng insurance employees, construction etc.
Hi Jesse, I have a landlord lease question.. Where do I find an example of one that you may use yourself for your properties? I am new and looking for a place to start composing one for my MTR.. thanks!
Hey! I just use the standard DRE form but I have an addendum attached. I paid quite a bit of cash from a real estate attorney in California, everybody in different states has different requirements. I would suggest connecting with attorney that specializes in real estate
I have two large bedrooms that could each accommodate two queen beds or one king with a small comfy sofa. I noticed with AirBnB that the cost is driven by "heads in beds". My goal is to create the most comfortable space for traveling nurses. When it comes to midterm rentals, what is the advice for creating the best space?
Just make the place comfy, not sterile, I feel a lot of great properties have this sterilization where it almost seems un-lived in or not homey. Go with homey, cozy and cute!
I still like to put a bed in each room, but I prioritize a desk. So instead of a king bed, i'd do a queen and a small writers desk. Many tenants are digital nomads.
Appreciated! A desk is always a must. I ended up going with the queen and a comfy side chair. Now that Furnished Finder updated its webpage for folks to filter the home search by bed size, I am curious to learn how the size will factor into bookings (if this variable is added to the report).
@@mercilove That is definitely an interesting metric, only time will tell! Mostly its single occupancy and I think most people are good with a queen by themselves.
Hi I typically work with agencies, they place the clinicians. If i do work with a few clinicians off furnished finder they’re typically looking for a place to house themselves and a friend or group. I charge for the entire house, they split upon themselves
Great video as always! I’m new in the MTR/STR industry. When I call all my local hospitals regarding a preferred housing list, they all say they work directly with the agencies and do not assist in housing per se… then the agencies I’ve looked at so far just have you submit your listing online. Am I missing something in the approach? Or does this vary by area/region?
Jesse, with every video I love you more and more!! I totally get it when saying a word too many times it doesn't sound right....hahaha thanks for leaving them in!!! LOVE IT
@@JesseVasquezAirVenture understood. Jesse ive been watching your videos quite a bit. Im seriously considering getting homes for this purpose. Ive got one home in Turlock, parents rent it though, and i rent in the bay area. Eventually im gona get out of this hustle and bustle. And definitely wana do something with traveling nurses. Just waiting for the right time
My question is about your contracts with agencies, recruiters, insurance companies etc, in setting up a business contract for MTR. Do you have or sell or educate on a template?
Hi Marie, I have templates there part of my master class that we hand out to students. I had a lawyer put this together and it cost thousands of dollars. Each agency deploys their own contracts it’s good to connect with a real estate attorney to draft something especially if you’re working with corporate agencies.
The goal is to find out how they operate. What kind of travelers they have, what kind of assignment, are they working on direct payment for the clinician using stipend pay, there’s a bunch of stuff I need to be asked before you can make a correct move.
Jesse! Thanks for sharing your knowledge and wisdom! Wondering, do you ever advertise renting a private room in an entire house, or do you just rent out the entire home? My home is a 2bedroom 1 bath duplex. Do you find that traveling nurses/professionals travel in pairs or mostly single? And do the single traveler's mind sharing a bathroom?
@@JesseVasquezAirVenture I think my question is if you have 2 or 3 nurses traveling together, and there per DM is say $5,000 per nurse per month, so for instance you would charge each nurse $3,000 each a month to live at a property ? Kind of 😊 Thanks again Sheila
Lots of nurses travel alone and would love to just rent a room. I love the idea of maximizing cash flow by having an airbnb or nurse roommate. I don't do this anymore but I definitely started that way and a lot of my clients do it now.
@@sheilacormier4504 Hi Sheila, Jesse says its a liability to have a few nurses bunking up together, renting individual rooms instead of renting the whole place. I know a lot of people do it to maximize cash flow but I rent the whole unit to limit the management headaches.
Good info. But please PLEASE can you turn your music down or your voice up!!!!? Trying to hear you so I turn my volume up. Then your music comes in and damn near blows my speakers out.
Hey Jesse! I hope you’re doing well. Is there great opportunity to do midterm rental following the rental arbitrage method rather than owning the property? My business partner and I are not comfortable starting off with owning property just because we both have little kiddos to worry about.
You are charging $5000/mo to an agency (through their housing department) then they place whatever number of nurses in there? I will assume this is a 3/2 so three nurses at a time. I am just getting started with a little ADU, has worked so far. Renting to nurse/lab specialist/ PA student so far. It is only a one bedroom but so cute and everyone loves it. Oh by the way new construction in a bit of a cookie cutter neighborhood, but quiet, clean and everything you need for a stay. I love the idea of looking for statement properties. But not sure of the feasibility of ABNB due to constant turn over. Don’t want to bother the family in the main house too much either. Thanks for all the good ideas. I am a nurse that loves to decorate too.
Hey Julie! Yes that is absolutely correct. My goal was to not just be another property listed Furnished finder but to build business to business Relationships as that’s what I did in healthcare for many years. I feel there’s a model for everybody, but in order to maximize profits and build sustainability and not rely on the travelers to reach out to you rather be an extension of the agency it’s by far the best model. And yes as more and more folks switch from the short term rentals to mid Term Rentals play houses that aren’t so “cookie cutter“ will stand out among the pack. I love that you’re decorating too! Thank you for all you do in the healthcare industry!🙏🏽
@@JesseVasquezAirVenture thank you for your response. I will look into contacting the agencies directly. I am new to this (but have had long term rentals for a couple decades). I think based on your numbers could probably get $2K or more? from an agency for little 1 bedroom unit. Getting $1600 now from FF. I would like to convert a few of our longer term rentals into mid term as well. Best to you, and thanks for all you do.
@@juliem2538 definitely over 2k or more depending on your city and how many MTR’s are currently operating in your market. Thank you for the kind words! Reach out if ya get stuck! J
Great video and content! Question for ya: I have a long term rental that I would like to convert to a midterm rental. The condo association requires minimum 6-month leases. Do you think a 6-month lease would work for midterm rentals? I know most travel nursing assignments are around 13 weeks. The condo is located 20 min outside of DC. Would love to hear your thoughts! Thanks!
honest opinion, i would stay away from HOA, The HOA dictates what you can and cant do! I personally don’t like that. 6 months would be tough! Most of the travel nurses stay 13 weeks. Only a small percentage extend to 6 months or so. It would be difficult to find someone for that duration!
@@JesseVasquezAirVenture I do well with condos but I make sure I only buy in the ones that require 30 day min, nothing longer. For people with 6 month restrictions, I have heard of them signing a lease for 6 months and letting them out at 3 if they don't extend but it is a bit of a pain.
Thanks for the great content!! You should write a book for the B2B travel medical MTR angle. I'm looking for a house hack property to MTR one side. Possibly 2 bed 1.5 bath MTR with a 1/1 to live in from a 3/2 primary residence. Would like to ADU or find a duplex, but need the first one to be FHA to eliminate my own rental expense. If you had to pick a market between Florida, Arizona, or Tennessee where would you start? Too many choices. Binging content but have analysis paralysis
Your videos are great. I’m thinking of renting my upstairs apartment or my entire house, how much do I charge is there a certain sweet spot, we have a 2 bed 2 bath fully furnished can be a 3 bed if desired, we live in Sonora ca. How do I find what the going rate is for this type of property . Thank You Sheila
I usually shoot for 2x whatever long term rent is. Sonora has a hospital pretty sure you can connect with them maybe they have travel nurses,ive seen rural markets like Sonora have quite a bit of travelers. Call the hospital hr department ask. Check out my video on how to analyze the market
@@JesseVasquezAirVenture Hi Jesse. Just a quick question, as I don’t want to take to much of your time up, when renting a 2-3 bedroomed house, do you charge per nurse for that property per DM. I’m managing a cute cabin in Twain Harte for a friend, on Air BnB , I’m going to see if she would go mid term ? Thank You for all of your great knowledge and inspiration 😊
Well said brother! This is great for all investors to consider. Creating an EXPERIENCE is what separates you from the heard. I miss the Central Valley. Currently own three MTR's in NC. Couldn't be happier! Question for you... I've had tremendous success with Furnished Finder. I also believe in stacking the deck and have been considering another platform to list my MTR's on. Maybe airbnb or verbo? Or even Zillow? is there one in addition to FF you would recommend over the others?
I remember you saying something about having an energy limit when renting bc one of your tenants went over. How would we word that when creating a quote for a company?
Hey Jess, binge watching your videos getting started soon. Regarding the insurance policy holders needing a place to stay, was it as easy as contacting the agency and asking to talk to a relocation specialist when trying to be on their preferred vendor list ? Thank you in advance for any tips.
Hey jimi, It’s a lot more intricate than just reaching out to somebody and hopefully getting a direct booking. It’s very much business to business sales, Solidifying yourself as a preferred provider Take some networking as well as building a funnel.
Dude I absolutely love your content! I'm in the NYC market and between 2 hospitals and 2 exits from JFK airport! I would love to get on a call with you and reimburse you for your time!
I set up an appointment on your website to see if you can manage my place for MT rental but the schedule is too far off, I sent an email asking to move the day closer but no response. Is there anyway I can contact you directly?
@@jt3013 SoCal a weird market but it’s also an opportunistic market(for mid term rentals) Maybe you can find something with an ADU on it- that would work!
Very awesome man! The next 16 months pose, a tremendous opportunity for buyers. They are supposed tremendous opportunity for mid term, rental operators that decide to go to the business-to-business route or the traditional way.
I LOVE your video and all the wonderful information. I am ( Florida) in between a 2/2 apartment or house. With the intention of renting one of the bedrooms to travel nurses. But would love your insight on. First time buyer. Currently living with my BF and looking to start on the market/field.
Hey Bia, yes that would be such a great Strategy, although I only rent the entire home. There is a lot of upside to renting individual rooms, especially if you’re looking to reduce your mortgage. Do it!!! 🙌🏽
Love it Jesse! I’m actually from Ceres 😂. I currently reside in Los Angeles. 3-5 minutes from two major (USC, Keck, White Memorial) hospitals. I’d love to pick your brain about agencies, dealing with insurance companies, etc. How can I contact you?
@@JesseVasquezAirVenture I couldn’t find the video where you lay out hospital agencies, insurance relocation agents, etc. Would be great if you did a video on the top 5 agencies/companies you use for hospital and insurance MTR
Hey, Jesse. I really appreciate the content, man. Question. I live in a market that’s outlawed Short Term Rentals. What would you suggest as an exit strategy for someone like me? Thanks for your time!
HEY! Well for me an exit strategy would be to start scouting the hospitals, find out if theyre hiring travel medical staff, reach out to insurance companies . Markets that outlaw STR’s can be little goldmines for MTR, especially as folks don’t know what to do.
@@JesseVasquezAirVenture Thanks for your reply! My question was in case MTR doesn't work as a strategy though. I'm sure it will, because my city has a massive shortage of healthcare workers, but it can't hurt to have a backup. Any ideas?
@@oladimejisonibare7455 When I say, midterm, renting, I mean, like actually connecting with various different sources of companies in midterm, rent, healthcare, insurance, contracted workers, business travel, last resort would be too long-term rent
@@JesseVasquezAirVenture Thanks again, Jesse. What I love about this MTR Strategy is that there are so many kinds of companies to park with. It offers flexibility, man. I'm excited. I just want to get this right because longterm rentals don't really pencil out in my city anymore. Purchase prices are too high, hence, my annoying questions. .
@@oladimejisonibare7455 LTR will eventually pencil out, depending on how long you own them, so maximize your earnings now with MTR and eventually, you can kick back with LTR once rents raise in a few years.
This property ended up putting 12% down think around 34k. Keep in mind that I have other mid term rentals that are cash flowing. I do not touch any cash at all I let it sit and then roll it into another property. Is that I was able to continue to save 30 to 40,000 a year and just buying a new property once a year with the income generated from mid term rentals
So brilliant and thank you! 👏😍 I see the incremental growth you've accomplished over time. As first gen, I'm a bit late to bloom when it comes to understanding how to invest, yet you're helping me get clarity. I'm looking into FHA and other assistance programs for first time buyers
Hi Jesse, thx for the tip! I clicked on ur link but don't see how much ur mentor class are. Also, do u create an LLC before renting out ur properties? This will be my first rental. Thx again:)
Love it man! Do you have any mid-term rentals with long term lease types? Have an opportunity for a 15 month renter for a project at a mid term rental price
This is an awesome property. it gives me some ideas as well. How can I connect and learn from you? I'm all about this and want to build a portfolio in my area. I have one in particular that I think would be great. Would like to connect and see if we could partner on it.
I love the two white outlets peaking out behind the tv.....dude you should at the very least paint the covers the color of the accent wall so they dont stick out so much. A better move would have been to relocate them over 12 inches.
I don’t even know why am responding to this like I have to appease you, Terry. Bthe TV actually swizzles. This video was made on the TV was not swiveled over that beautiful white casing that you mentioned. I know you’ll be thinking about this all day. I just wanted to let you know so you could sleep soundly tonight knowing it’s covered 😴 😂
FYI, as soon as I heard you say that you are literally the best mid term rental in the area that immediately turned me off from wanting to listen to the rest of the video.
@@JesseVasquezAirVenture actually, you are correct that was the first video I had ever watched of yours so if that is the case and it’s more or less a certain style of humor, so to speak, I definitely extend an apology! I will watch that one in full and of course if the content is good, I will definitely watch other ones since I am into long-term, short term rentals, and now getting into midterm. Thanks for clarifying.!
Love the videos Jesse! Seen a few of your interviews and love the insights 🔥
Hey Josh! Thanks man!
@@JesseVasquezAirVenture thanks Jesse
I am about to buy 2 newly renovated small homes on the same parcel next month, and I am going to aim to mid term 1 and live in the other
Your videos have helped give me the clarity and confidence 🤝
@@OverfinchJoshua that’s freaking awesome! I think house hacking with one other side as a Mid Term rentals probably one of the best and most underutilized strategies out today! Congrats on making moves ! 🫡
lol just a guy wearing a hat backwards in my 40. man, you just provide so much information thanks again. I cannot wait to closing in my first rental property here in Florida, we should be done by the end of this month. I am purchasing it fully furnished. Soon as I am up and running you will receive a thank you DM from me.
Hahha Thanks for watching, bro I appreciate it. And congratulations on your new property! The best is yet to come.
What kind of single family houses are you looking at? For example, would a 3 bed 2 bath work well? Or should I try a bigger home like 4-5 rooms and 3-3.5 baths?
I personally like 3/2 or better
lol....love the transparency Jesse, "I wear this hat backwards so I can look younger..." . That's great. Excellent and informative video!!!
Hahaha 😝 thx man!
Jesse, you’re my hero. Thanks for all of the helpful information!
Ale! Awee I’m definitely here to help! 🙏🏽
Hi Jesse! I am glad I came across your channel before going down a rabbit hole on the subject! Great place to begin my research. Also, the style suits you!
Hey there! Thanks for checking the channel out! I definitely love the style lol 😂 it’s classic
Love ur honesty❤
Great video, very informative Would love to hear how you sourced the property, rehab cost if any, cost of furnishings, and how to underwrite a property if going into a new market. thanks 🙏
Great suggestion!
Hey Jesse your place was nice & real modern looking. Thanks for the video💯👌🏾
Melvin thanks man! Appreciate it!
Jesse, I never realized how funny you are! Like when you mentioned how f'ing bad you are at math and then immediately blurt out the right answer afterwards, LOL!! Love it. You look young mannnn, like 82. Lmbo, nah, more like 29. Thank you always for dropping the gems.
Hahaha born in 82 - 80’s baby! 😂😂
When you say close to hospitals, what is the distance range you’d recommend?
20min car ride
can you arbitrage a unit for MTR insurance avatars?? Someone mentioned you can't use alesolutions if you don't own a home. Curious now.
You can use arbitrage to house insurance claims
@@JesseVasquezAirVenture thank you!
Can we get a video on furnishing and where to source furniture on a budget + setting the look of a space
Yes i have one coming! Thanks david!
@@JesseVasquezAirVenture Awesome!
Jesse…I am a just retired homeowner. Have watched most of your videos. I’m interested in two things….your master class and it’s cost and your property management platform. Trying to decide whether to go into after your class or turn this over into your capable hands. John
Hey John, my course is going to teach you exactly how to go after the agencies. To be honest the framework is all here on UA-cam, it’s not rocket science to figure out. But in the course I really break down step-by-step what to do, plus the community of peers is really what makes it. It’s three months long so I guide you along the way we have weekly calls.
On the property management side I am totally open to doing that although we only go after Furnished finder and Airbnb. Creating contracts and connecting with agencies isn’t the easiest thing to do, which is why the course teaches you how to go after the specific corporations.
I wish you could teach in person, go over paperwork ECT watching videos don't help at all. I know how to buy property, even my daughter was a travelling nurse and stayed temp in nice places. In person would just be good and price of class can include lodging. I would pay for that and my own plane ticket.
Question: Whats thw farthest a rental property can be in order to service travel nurse's? Is there a distance limit basically an if so the next step in my mind would be aervicng insurance employees, construction etc.
20 min drive!
Hi Jesse,
I have a landlord lease question.. Where do I find an example of one that you may use yourself for your properties? I am new and looking for a place to start composing one for my MTR.. thanks!
Hey! I just use the standard DRE form but I have an addendum attached. I paid quite a bit of cash from a real estate attorney in California, everybody in different states has different requirements. I would suggest connecting with attorney that specializes in real estate
Great info! I LOVE the fact that you are so down to earth! Keep that hat on backwards!
Hahaha I’m always keeping the hat backwards!thanks for watching!
I have two large bedrooms that could each accommodate two queen beds or one king with a small comfy sofa. I noticed with AirBnB that the cost is driven by "heads in beds". My goal is to create the most comfortable space for traveling nurses. When it comes to midterm rentals, what is the advice for creating the best space?
Just make the place comfy, not sterile, I feel a lot of great properties have this sterilization where it almost seems un-lived in or not homey. Go with homey, cozy and cute!
I still like to put a bed in each room, but I prioritize a desk. So instead of a king bed, i'd do a queen and a small writers desk. Many tenants are digital nomads.
Appreciated! A desk is always a must. I ended up going with the queen and a comfy side chair. Now that Furnished Finder updated its webpage for folks to filter the home search by bed size, I am curious to learn how the size will factor into bookings (if this variable is added to the report).
@@mercilove That is definitely an interesting metric, only time will tell! Mostly its single occupancy and I think most people are good with a queen by themselves.
Jesse, do you have two or more nurses renting that home in modesto? Do you charge per nurse? Thanks...
Hi I typically work with agencies, they place the clinicians. If i do work with a few clinicians off furnished finder they’re typically looking for a place to house themselves and a friend or group. I charge for the entire house, they split upon themselves
Great video as always! I’m new in the MTR/STR industry. When I call all my local hospitals regarding a preferred housing list, they all say they work directly with the agencies and do not assist in housing per se… then the agencies I’ve looked at so far just have you submit your listing online. Am I missing something in the approach? Or does this vary by area/region?
Goal is to get to the recruiters, find out if there’s a housing specialist, call the agency ask for who’s in charge in your market
@@JesseVasquezAirVenture thank you.. I’ll try rephrasing my approach
@@Amari_T sometimes it’s just tweaking the pitch verbiage
How many bedrooms is it?
3/2 w nook
Jesse, with every video I love you more and more!! I totally get it when saying a word too many times it doesn't sound right....hahaha thanks for leaving them in!!! LOVE IT
Hey Adrianna! Thank you so much that’s funny! ❤️
Isnt this a bad time to buy with high interest rates?
My opinion is , it forces you to make sure the numbers work now, that means it will only be better in time. I’m still actively buying
@@JesseVasquezAirVenture understood. Jesse ive been watching your videos quite a bit. Im seriously considering getting homes for this purpose. Ive got one home in Turlock, parents rent it though, and i rent in the bay area. Eventually im gona get out of this hustle and bustle. And definitely wana do something with traveling nurses. Just waiting for the right time
My question is about your contracts with agencies, recruiters, insurance companies etc, in setting up a business contract for MTR. Do you have or sell or educate on a template?
Hi Marie, I have templates there part of my master class that we hand out to students. I had a lawyer put this together and it cost thousands of dollars.
Each agency deploys their own contracts it’s good to connect with a real estate attorney to draft something especially if you’re working with corporate agencies.
Thanks for another great video Jesse.
Glad you enjoyed it
Who do you reach out to exactly as far as recruiters and hospital staff, for advertising your property?
The recruiters and agency’s housing specialist- watch other UA-cam video I have will dive into it more
@@JesseVasquezAirVenture Which video? I've watched all your videos and don't see one called, recruiters and agency's....
would you say a single family home does better than apartments?
I like sfh better but I don’t think there’s a better - just get started!
A company reached out to me on furnished finder should I instantly send a quote?
The goal is to find out how they operate. What kind of travelers they have, what kind of assignment, are they working on direct payment for the clinician using stipend pay, there’s a bunch of stuff I need to be asked before you can make a correct move.
BROOOO! I see you on that content game. Stepped up big time!
Also... agencies paying for it. YES SIR!
Thanks man! And yes agencies paying!
How can i connect? i have a property that iam about to sale and maybe it could be good for the insurance listing
Schedule a 15 min call!
Jesse! Thanks for sharing your knowledge and wisdom! Wondering, do you ever advertise renting a private room in an entire house, or do you just rent out the entire home? My home is a 2bedroom 1 bath duplex. Do you find that traveling nurses/professionals travel in pairs or mostly single? And do the single traveler's mind sharing a bathroom?
I rent entire house, I find it’s easier especially with connecting with agencies as there are plenty of travelers and folks coming in groups.
@@JesseVasquezAirVenture
I think my question is if you have 2 or 3 nurses traveling together, and there per DM is say $5,000 per nurse per month, so for instance you would charge each nurse $3,000 each a month to live at a property ? Kind of 😊
Thanks again Sheila
Lots of nurses travel alone and would love to just rent a room. I love the idea of maximizing cash flow by having an airbnb or nurse roommate. I don't do this anymore but I definitely started that way and a lot of my clients do it now.
@@sheilacormier4504 Hi Sheila, Jesse says its a liability to have a few nurses bunking up together, renting individual rooms instead of renting the whole place. I know a lot of people do it to maximize cash flow but I rent the whole unit to limit the management headaches.
@@ZeonaMTR definitely think it’s a great cash flow strategy
Good info. But please PLEASE can you turn your music down or your voice up!!!!? Trying to hear you so I turn my volume up. Then your music comes in and damn near blows my speakers out.
Thanks for letting me know! I’ll work with my team to fix this issue!
You-rent directly to the agencies or the hospitals.
How do i do this?
Check out my other UA-cam videos i talk about- follow me on IG too I drop little nugs @therealjessevasquez
Hey Jesse! I hope you’re doing well. Is there great opportunity to do midterm rental following the rental arbitrage method rather than owning the property? My business partner and I are not comfortable starting off with owning property just because we both have little kiddos to worry about.
Hey, you can definitely start off by rental arbitrage. I believe it’s one of the better ways but you have to make sure you know how to run numbers
You are charging $5000/mo to an agency (through their housing department) then they place whatever number of nurses in there? I will assume this is a 3/2 so three nurses at a time. I am just getting started with a little ADU, has worked so far. Renting to nurse/lab specialist/ PA student so far. It is only a one bedroom but so cute and everyone loves it. Oh by the way new construction in a bit of a cookie cutter neighborhood, but quiet, clean and everything you need for a stay. I love the idea of looking for statement properties. But not sure of the feasibility of ABNB due to constant turn over. Don’t want to bother the family in the main house too much either. Thanks for all the good ideas. I am a nurse that loves to decorate too.
Hey Julie! Yes that is absolutely correct. My goal was to not just be another property listed Furnished finder but to build business to business Relationships as that’s what I did in healthcare for many years.
I feel there’s a model for everybody, but in order to maximize profits and build sustainability and not rely on the travelers to reach out to you rather be an extension of the agency it’s by far the best model.
And yes as more and more folks switch from the short term rentals to mid Term Rentals play houses that aren’t so “cookie cutter“ will stand out among the pack. I love that you’re decorating too! Thank you for all you do in the healthcare industry!🙏🏽
@@JesseVasquezAirVenture thank you for your response. I will look into contacting the agencies directly. I am new to this (but have had long term rentals for a couple decades). I think based on your numbers could probably get $2K or more? from an agency for little 1 bedroom unit. Getting $1600 now from FF. I would like to convert a few of our longer term rentals into mid term as well. Best to you, and thanks for all you do.
@@juliem2538 definitely over 2k or more depending on your city and how many MTR’s are currently operating in your market. Thank you for the kind words! Reach out if ya get stuck!
J
Great video and content! Question for ya: I have a long term rental that I would like to convert to a midterm rental. The condo association requires minimum 6-month leases. Do you think a 6-month lease would work for midterm rentals? I know most travel nursing assignments are around 13 weeks. The condo is located 20 min outside of DC. Would love to hear your thoughts! Thanks!
honest opinion, i would stay away from HOA, The HOA dictates what you can and cant do! I personally don’t like that. 6 months would be tough! Most of the travel nurses stay 13 weeks. Only a small percentage extend to 6 months or so. It would be difficult to find someone for that duration!
@@JesseVasquezAirVenture Makes sense! Thanks for the quick reply!
you’re welcome!
@@JesseVasquezAirVenture I do well with condos but I make sure I only buy in the ones that require 30 day min, nothing longer. For people with 6 month restrictions, I have heard of them signing a lease for 6 months and letting them out at 3 if they don't extend but it is a bit of a pain.
@@ZeonaMTR awesome that’s good to know! Thanks for sharing!
Thanks for the great content!! You should write a book for the B2B travel medical MTR angle. I'm looking for a house hack property to MTR one side. Possibly 2 bed 1.5 bath MTR with a 1/1 to live in from a 3/2 primary residence. Would like to ADU or find a duplex, but need the first one to be FHA to eliminate my own rental expense. If you had to pick a market between Florida, Arizona, or Tennessee where would you start? Too many choices. Binging content but have analysis paralysis
If you can do either of those i think you’d be set up perfectly, adu or duplex. I personally think those are two great strategies!
Your videos are great.
I’m thinking of renting my upstairs apartment or my entire house, how much do I charge is there a certain sweet spot, we have a 2 bed 2 bath fully furnished can be a 3 bed if desired, we live in Sonora ca.
How do I find what the going rate is for this type of property .
Thank You
Sheila
I usually shoot for 2x whatever long term rent is. Sonora has a hospital pretty sure you can connect with them maybe they have travel nurses,ive seen rural markets like Sonora have quite a bit of travelers. Call the hospital hr department ask. Check out my video on how to analyze the market
@@JesseVasquezAirVenture
Thank You so much for your quick reply .
Sheila
@@sheilacormier4504 no problem
@@JesseVasquezAirVenture
Hi Jesse.
Just a quick question, as I don’t want to take to much of your time up, when renting a 2-3 bedroomed house, do you charge per nurse for that property per DM.
I’m managing a cute cabin in Twain Harte for a friend, on Air BnB , I’m going to see if she would go mid term ?
Thank You for all of your great knowledge and inspiration 😊
I dont rent individual rooms, i rent entire place. Check out some of my other videos I talk about it
Well said brother! This is great for all investors to consider. Creating an EXPERIENCE is what separates you from the heard. I miss the Central Valley. Currently own three MTR's in NC. Couldn't be happier! Question for you... I've had tremendous success with Furnished Finder. I also believe in stacking the deck and have been considering another platform to list my MTR's on. Maybe airbnb or verbo? Or even Zillow? is there one in addition to FF you would recommend over the others?
Yes all those sites are important! And NC market is amazing and cont to grow
@@JesseVasquezAirVenture Appreciate it!
I remember you saying something about having an energy limit when renting bc one of your tenants went over. How would we word that when creating a quote for a company?
Just a cap on electricity ex : electricity through MiD shall not exceed $500, in a situation this does the guests is liable for the remainder
Hey Jess, binge watching your videos getting started soon. Regarding the insurance policy holders needing a place to stay, was it as easy as contacting the agency and asking to talk to a relocation specialist when trying to be on their preferred vendor list ? Thank you in advance for any tips.
Hey jimi, It’s a lot more intricate than just reaching out to somebody and hopefully getting a direct booking. It’s very much business to business sales, Solidifying yourself as a preferred provider Take some networking as well as building a funnel.
Yep me too, everyone is in my houe sleeping and I am just watching Jess videos left to right. lol
Liked & Subscribed!
Ashek!!! Thanks my man! Appreciate it!
Dude I absolutely love your content! I'm in the NYC market and between 2 hospitals and 2 exits from JFK airport! I would love to get on a call with you and reimburse you for your time!
After furnishing a house, how many months roughly does it take to become cash flow positive? 8-10 months?
it really just depends on your markers, i shoot for 6 -9 months
@@JesseVasquezAirVenture I guess this is why on an arbitrage, you need at least 2 year lease with the property owner, correct?
I set up an appointment on your website to see if you can manage my place for MT rental but the schedule is too far off, I sent an email asking to move the day closer but no response. Is there anyway I can contact you directly?
calendly.com/airventurehosting/15min
I love Eichler homes!
You and I both!
@@JesseVasquezAirVenture I have been considering buying one in SoCal and turning it into an Airbnb, but the numbers are a bit too whack
@@jt3013 SoCal a weird market but it’s also an opportunistic market(for mid term rentals) Maybe you can find something with an ADU on it- that would work!
@@JesseVasquezAirVenture I’ll look into it!
Do you offer a master class?
Hat backwards is a sustain. Thanks Jesse! Going to buy my first property soon & utilize this MTR strategy 🤝
Very awesome man! The next 16 months pose, a tremendous opportunity for buyers. They are supposed tremendous opportunity for mid term, rental operators that decide to go to the business-to-business route or the traditional way.
Great video!
Thx man
I LOVE your video and all the wonderful information. I am ( Florida) in between a 2/2 apartment or house. With the intention of renting one of the bedrooms to travel nurses. But would love your insight on. First time buyer. Currently living with my BF and looking to start on the market/field.
Hey Bia, yes that would be such a great Strategy, although I only rent the entire home. There is a lot of upside to renting individual rooms, especially if you’re looking to reduce your mortgage. Do it!!! 🙌🏽
Thank you for replying.
Do you suggest to set up an account with furnished finders already?
@@biagomes1864 I would yes
@@JesseVasquezAirVenture thank you very much.
Love the content 🙏🙏🙏
Thx for the kind words brotha, Gratitude 🙏🏽
LOL, you’re so funny Jesse! Thanks for keeping it real. I’m trying my best to do math too LOL😂
Hey, thank you so much! I’m working on the math haha
Do you rent the entire house or rooms?
Alway entire house
Always^**^
Love it Jesse! I’m actually from Ceres 😂. I currently reside in Los Angeles. 3-5 minutes from two major (USC, Keck, White Memorial) hospitals. I’d love to pick your brain about agencies, dealing with insurance companies, etc. How can I contact you?
Head over to link tree schedule a call, but I suggest watching all the content first! The videos should answer a majority of your questions!
@@JesseVasquezAirVenture I couldn’t find the video where you lay out hospital agencies, insurance relocation agents, etc. Would be great if you did a video on the top 5 agencies/companies you use for hospital and insurance MTR
good info but the audio with the music is horribly balanced
I’ll take a look thanks for the heads up
Hey, Jesse. I really appreciate the content, man. Question. I live in a market that’s outlawed Short Term Rentals.
What would you suggest as an exit strategy for someone like me?
Thanks for your time!
HEY! Well for me an exit strategy would be to start scouting the hospitals, find out if theyre hiring travel medical staff, reach out to insurance companies . Markets that outlaw STR’s can be little goldmines for MTR, especially as folks don’t know what to do.
@@JesseVasquezAirVenture Thanks for your reply!
My question was in case MTR doesn't work as a strategy though. I'm sure it will, because my city has a massive shortage of healthcare workers, but it can't hurt to have a backup.
Any ideas?
@@oladimejisonibare7455 When I say, midterm, renting, I mean, like actually connecting with various different sources of companies in midterm, rent, healthcare, insurance, contracted workers, business travel, last resort would be too long-term rent
@@JesseVasquezAirVenture Thanks again, Jesse.
What I love about this MTR Strategy is that there are so many kinds of companies to park with. It offers flexibility, man. I'm excited.
I just want to get this right because longterm rentals don't really pencil out in my city anymore. Purchase prices are too high, hence, my annoying questions.
.
@@oladimejisonibare7455 LTR will eventually pencil out, depending on how long you own them, so maximize your earnings now with MTR and eventually, you can kick back with LTR once rents raise in a few years.
Jesse, you're so great!! 😍 How did you pull together the money to purchase?
This property ended up putting 12% down think around 34k. Keep in mind that I have other mid term rentals that are cash flowing. I do not touch any cash at all I let it sit and then roll it into another property. Is that I was able to continue to save 30 to 40,000 a year and just buying a new property once a year with the income generated from mid term rentals
So brilliant and thank you! 👏😍 I see the incremental growth you've accomplished over time. As first gen, I'm a bit late to bloom when it comes to understanding how to invest, yet you're helping me get clarity. I'm looking into FHA and other assistance programs for first time buyers
@@Maria-yi7sr thank you that really means a lot to me 🤗 yes FHA is the way to go, that’s what I did for my first home! Low cost down payment options
Nice video! Do you offer 1 on 1 coaching?
Hey Andrew I have a masterclass - it’s 3 month mentorship - check it out here
www.airventurehosting.com/acceleratedmtrblueprintmasterclass
Hi Jesse, thx for the tip! I clicked on ur link but don't see how much ur mentor class are.
Also, do u create an LLC before renting out ur properties?
This will be my first rental.
Thx again:)
Jesse!!! Do you charge for a convo?!?! Lol I need one!
Hey dm me on insta, i don’t offer consults but if ya have a question just shoot me a message
Lol! Thanks for being your nerd self reassuring that we could do it too. You said it, not me hahah
Haha im definitely a nerd. If I can do it, anyone can!
@@JesseVasquezAirVenture thanks! Listening to your videos and tuning in and taking notes
@@mayraandchrisbasinger5217 love it! Definitely take notes, then take action!
Love it man! Do you have any mid-term rentals with long term lease types? Have an opportunity for a 15 month renter for a project at a mid term rental price
That’s awesome I’ve had guests for a year before, you should take it! Send a team member in every quarter to view the place
Your place is badass! Would love to learn more about your design company. I’ll shoot you a message when I’m ready to get some design help.
yeah hit me up!
This is an awesome property. it gives me some ideas as well.
How can I connect and learn from you?
I'm all about this and want to build a portfolio in my area.
I have one in particular that I think would be great.
Would like to connect and see if we could partner on it.
Hey! Definitely reach out if you’ve done a few of these before! Start with 1 learn the basics!
@@JesseVasquezAirVenture will do.
eichler for 290k?? they are millions in the bay aea
I know!!! Crazy how price fluctuates. I’ve seen them in the mid west for 150k
Lmao I’m the same way about math! Thank you for the Great content !
😂🫣 thank you!
❤
Younger!
😂
HEY ZUS! When that music drops though! My neighbors are turning their lights on.
I love the two white outlets peaking out behind the tv.....dude you should at the very least paint the covers the color of the accent wall so they dont stick out so much. A better move would have been to relocate them over 12 inches.
or just buy a TV that is 5" bigger and you would have solved this eye sore.
@@terryroberts5947 I love that thats what ya got from the video
I don’t even know why am responding to this like I have to appease you, Terry. Bthe TV actually swizzles. This video was made on the TV was not swiveled over that beautiful white casing that you mentioned. I know you’ll be thinking about this all day. I just wanted to let you know so you could sleep soundly tonight knowing it’s covered 😴 😂
Lol.....good luck
FYI, as soon as I heard you say that you are literally the best mid term rental in the area that immediately turned me off from wanting to listen to the rest of the video.
Turned it off but had to tell me eh?
If you’ve watched any of my content ya must not be too familiar with my sarcasm
@@JesseVasquezAirVenture absolutely! we all learn every day:)
@@JesseVasquezAirVenture actually, you are correct that was the first video I had ever watched of yours so if that is the case and it’s more or less a certain style of humor, so to speak, I definitely extend an apology! I will watch that one in full and of course if the content is good, I will definitely watch other ones since I am into long-term, short term rentals, and now getting into midterm. Thanks for clarifying.!
Bro, music is wayyy too loud. Can't watch this on my TV
Hey thanks for letting me know ill see if we can update it!
Foul language alert.
🫢