Travel Nurse Rental: The Numbers 💰 |
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Struggling to find cash flow in today’s market?
Then a mid-term rental could be a great option for you! Here are my top 3 Reasons I love Mid-Term Rentals 😍 1️⃣ The Demographic - I primarily use [@furnishedfinder](https://www.instagram.com/furnishedfinder/) to find tenants. So far from this site, I’ve gotten all travel nurses 🧑⚕️who are typically super nice, professional, and responsible. 2️⃣ Higher Cash Flow - Rent an an LTR is closer to $1,000/unit so using this midterm strategy doubled my cash flow!💰 3️⃣ Significantly Less Turnover than STRs - I own 2 short-term rentals and they are much more work with tenants turning over every few days 😕. On average, I see nurses and other healthcare professionals staying at least 3 months, with some nurses extending their contract and staying for 6+ months! 🤩 So, if you are finding deals that barely cash flow as an LTR, using the MTR strategy could be a great option. One caveat to this is to make sure to not solely rely on this strategy as your only strategy. I like to run all my deals as long-term rentals that cash flow at least a little bit for me to be comfortable moving forward and using the MTR strategy. 👇🏼What are some ways you’ve been finding to increase your overall cash flow?? I’d love to hear from you! #brrrrstrategy #biggerpockets #realestateinvestor #financialfreedom #midtermrental #furnishedfinder #stepbystep #nurserentals |