BiggerPockets Real Estate Podcast 728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez
Motel 6 Inspiration
- Jesse Vasquez learned about the medium-term rental market from a travel nurse.
- She paid $3,000/month for a Motel 6, sparking his idea.
Securing Contracts
- Contact hospitals' HR departments to identify the agencies they use for travel nurse housing.
- Reach out to those agencies directly to secure contracts and build relationships.
MTR Market Strategy
- The medium-term rental market requires a different approach than traditional rentals.
- Focus on two-bedroom or larger properties to accommodate traveling nurse groups and families.
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.
In This Episode We Cover:
The medium-term rental strategy explained and how it produces so much cash flow
Leaving a cushy six-figure job to build a real estate business, not just retire early
How Jesse makes close to a million dollars a year with just nine rental properties
The secret amenities that nurses MUST have to book your property
The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates
How to choose the perfect medium-term rental market and what to look for in local hospitals
Home insurance rental coverage and how to use it to fill up your units FAST
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties
Book Mentioned in the Show
30-Day Stay by Zeona McIntyre & Sarah Weaver
Connect with Jesse:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728
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