The Landlord Diaries FF120 Travel Nurse Housing: Double The Profit of Long Term Rentals w/ Jesus Jimenez
Imagine transforming a standard rental into a profitable midterm rental, achieving double the income while catering to the high-demand travel nurse market. In this episode, real estate agent and investor Jesus Jimenez shares his journey from traditional long-term rentals to making $4,100/month with his 2-bedroom condo by shifting to travel nurse housing during the winter months.
Starting out in the midterm rental (MTR) space may seem intimidating, but with Jesus' strategies and insights, you’ll learn how to overcome common roadblocks, calculate MTR profits, and attract reliable tenants. Jesus dives into his journey, including his unique approach to managing properties with a co-host, navigating family concerns, and developing a tenant-friendly “look book” to ensure smooth operations from day one.
In this episode, we cover:
• Handling Hesitations: How Jesus addressed MTR concerns with his spouse
• The Profit Potential: Real numbers on MTR earnings vs. long-term rentals
• Seasonal Planning: Align your rental pricing & availability w/ seasonal demand
• Streamline Bookings: Managing leads and efficient bookings
• Pro Tips: MTR essentials like parking, utilities, & creating a hassle-free tenant experience
In this episode we cover:
0:00 Intro- Landlord Diaries Intro
2:35 Shout out to our Furnished Finder CEO & Customer Service Team
4:20 How Jesus overcame his wife’s hesitation with the MTR strategy
7:15 Calculating midterm rental numbers
9:00 The biggest concerns were utilities & vacancy
9:45 Year one was a success!
11:00 Create a “look book” for tenants prior to furnishing your space
14:35 Determining your short term, mid term seasons
18:45 Travel nurse hosting advice
19:25 Midterm rental parking needs
22:00 Hiring a co-host at the beginning of your STR/MTR journey
25:30 The business side of partnering with a co-host
27:00 Managing Furnished Finder leads & 48 hour booking process
30:20 Round table discussion: Booking an MTR stay
35:25 Katie’s Worry Free Waiver tenant presentation
39:00 How does Jesus' wife feel now about MTR?
40:45 Hot tips to get started in MTR today
Website Links:
https://www.furnishedfinder.com/
https://www.travelnursehousing.com/
https://www.facebook.com/groups/furnishedfinder.travelnursehousing/
Jesus Jimenez Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Jesus.Jimenez15
IG: @jesusj661
Katie Lyon’s Properties:
https://www.furnishedfinder.com/members/profile?u=katie.lyon8
Kelly Bailey’s Properties:
https://www.furnishedfinder.com/members/profile?u=Kelly*|B.
The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.