Looking for stable rental income for your empty properties? Traveling nurses could be your perfect tenants. These healthcare professionals are in demand, and they need fully-furnished, cozy homes that are move-in condition, typically for weeks or months. This creates an opportunity for landlords to receive a trustworthy tenants and eliminate those expensive vacancy gaps.
Who Are Traveling Nurses?
Traveling nurses are healthcare professionals who take temporary assignments in places that need extra staff. Their assignments can last from a few months to a year, making them ideal short-term tenants. They’re looking for hassle-free places to stay, which could work to your advantage.
Why Rent to Traveling Nurses?
Here’s why targeting the traveling nurse market can bring good tenants to your rental business.Because they stay for shorter periods, wear and tear on the property tends to be lighter. Furnished rentals are preferred, meaning that you can set it, and forget it.
1. High Demand for Housing
Hospitals and clinics across the country constantly face staffing shortages. This creates a huge, ongoing demand for traveling nurses – and for the housing they need. Forget sitting on an empty property for months; with traveling nurses, you’re tapping into a market that’s always looking.
2. Reliable Rent, Guaranteed
Unlike some tenants, traveling nurses have guaranteed income thanks to their contracts. They typically sign short- to medium-term leases (a few months to a year), giving you the best of both worlds: consistent payments without the long-term commitment that can tie your hands.
3. Fill Those Vacancies Fast
The nature of their work means traveling nurses are always on the move. This rapid turnover might sound scary, but it actually means your property is less likely to sit empty for long periods.
4. Good Tenants You Can Trust
Traveling nurses are tenants who are well-educated, financially secure, and focused on their careers. They’re professionals who understand the importance of responsibility, making them far less likely to cause problems or miss payments.
5. Low Maintenance
Because they stay for shorter periods, wear and tear on the property tends to be lighter. Furnished rentals are preferred, meaning that you can set it, and forget it.
6. Flexibility
Traveling nurses love fully-furnished units with utilities included – it makes their lives easier. This allows you to charge a premium for the convenience, and flexible lease terms can be a big selling point.
How Much More Can You Earn?
One common question landlords often have is, ‘how much can you make renting to traveling nurses?‘ The short answer is: potentially a lot more. Renting to traveling nurses often allows you to charge premium rates, especially if your property is:
- Strategically Located: Close to hospitals, clinics, or medical centers.
- Fully Furnished & Equipped: Ready for immediate move-in, with all utilities included.
With these advantages, you could see rental income increase by 10-20%, or even more in high-demand areas.
Tips for Attracting Traveling Nurses
Want to make your property irresistible to traveling nurses? Here’s the inside scoop:
- Furnish Your Property: Traveling nurses expect fully-furnished rentals. Go beyond the basics: comfortable furniture, a fully equipped kitche, quality linens, and reliable Wi-Fi. The more complete the setup, the higher rent you can charge.
- Offer Flexible Lease Terms: Long-term leases don’t work for most traveling nurses. Offer flexible options like month-to-month or short-term (3-6 months) agreements. This gives them the freedom they need and makes your property much more appealing.
- Location: If your property is close to hospitals, medical centers, or public transportation, make sure to highlight it in your listing and photos. It’s a major selling point for nurses who need to get to work quickly and easily.
- List on Specialized Platforms: Don’t just use generic rental sites. List your property on platforms for traveling nurses like Furnished Finder, Travel Nurse Housing, and even Airbnb. This will target your desired renters. Network with hospital staffing agencies too.
Conclusion
If you are looking for a rental strategy with excellent income, and tenants who are reliable, then consider renting to traveling nurses. The high demand, and profesionalism that traveling nurses provide, gives an opportunity that is beyond the ordinary.
