Why using agencies for #travelnurses is so important

The Short Term ShopJan 7, 20240m 41s849 viewsScore 75
Pricing & Profitability
intermediate
Mid-Term Rental
Corporate Housing
Profitability
Pricing Strategy
Revenue Management
M

Summary

AI-generated

The speaker discusses the profitability of targeting travel nurses for short-term rentals versus working with agencies. Travel nurses get per diem pay which is tax-free, so individual nurses tend to be budget-conscious. It is more lucrative to target agencies because the amount the agencies will pay for clinicians can be a tax write-off for them.

Key insights

  • Travel nurses often receive per diem pay that is untaxed, which can lead them to seek out the most affordable housing options because they are paying out of pocket.

Mistakes to avoid

  • Avoid focusing solely on individual travel nurses as tenants, as this can limit your potential for maximizing income compared to targeting agencies.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial