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.keycheck.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.