How to Make 8k a Month by Hosting Insurance Relocation Claims

[@buildingusa9604]

Dude you just pulled me out of the deep water awesome info 🎉

[@JesseVasquezAirVenture]

🙌🏽 that’s awesome! I meant honestly we’ve all been there! I know I have! Glad to be of service! 🚀

[@Rickyflip98]

@@JesseVasquezAirVenture on the ALE website, they ask how much you want for rent. If market rent is around 2800-3000, do you put that or 8k 😂 id like to get the payout you’re getting just not sure what to put down there?

[@kellybailey5827]

Great advice Jesse. I had an insurance family choose our spot after saying no to 7 other properties. They were such a sweet family and we were so blessed to have them.

[@JesseVasquezAirVenture]

right Kelly! its a blessing to be able to serve these families! Your place felt like a space for them to come together! After Walking 7 properties wow!

[@sunsetpcr]

Hi, How did you manage to connect with the relocation specialist? All I'm getting in my area are companies that have the connection with the insurance.

[@JesseVasquezAirVenture]

@@sunsetpcr hey not sure how your wording it to insurance companies - is your place dialed in like in this video? Keep in mind the families walk the properties. I focus on getting your place super dialed in before reaching out to agencies. But you’re gonna want to call them. Try ale solutions

[@ignatiusl.7478]

209 Respresent! Beyer High Grad 97! I am currently living in South Carolina. I own beautiful Southern brick ranch home on one acre in Aiken County, South Carolina. This video will make me a lot of money. Thanks bro!

[@MissLizRivera]

Great video! Awesome tips. I’m gonna get an insurance contract in 2023. I’m manifesting it.

[@JesseVasquezAirVenture]

Liz if anyone can do it, it’s you 😆i KNOW you’ll make it happen! 🙌🏽

[@charlimonk]

Did ya get one yet!?

[@2videosilike]

Here early! I saw part 1 and 2 of the show with Joshua. Thank you soo much for giving out all this info for free. Truly inspiring, my mind is going at a hundred miles per hour. I bought a hoarder home that I am fixing up and it has 8 bedrooms, 2 bath and the downtown area which is less than 5 miles from a Psychiatric Hospital and a Regular hospital. We are about to start working on the parking area, which has to have enough space for each car, fortunately we do. Only thing is we want to live in our travel trailer next to the house in order to do an extreme house hack. Nuevamente, mil gracias por todo su informacion. Estoy super motivada para seguir la lucha!

[@JesseVasquezAirVenture]

Im super pumped for you I love the idea, Maybe fence it in “the Travel Trailer” im all about house hacking and of course rehabbing to MTR is probably one of the best stratagies out there plus combining with house hacking! Gold!gracias por las amables palabras adelante!

[@wvictoriaaYama]

Can you send part 1 &2? I would like to set it.

[@ElizabethGalarza1]

That's an awesome plan! If only I could get my husband as motivated...

[@JesseVasquezAirVenture]

Always with the husbands huh lol

[@ajctrucking1]

Jesse, I freaking LOVE YOU my guy!! I have 9 STR in Fresno, and your videos are blowing my mind!! Thank you for all your information, youre the best!! I literally spend my day watching all your videos, and Furnish Finder Diaries !! -3D Property Management FRESNO CA

[@JesseVasquezAirVenture]

Hey!!! Thanks so cool 9 str youre killing it!! So bad ass! Thank you Vanessa for watching! Follow me on IG too!

[@Jessica-ij2zj]

First off, LOVE The Strokes and National!! Seen them both. Second, watching all your videos religiously. Bought 1 sfh a few months ago, in the middle of buying 2 more and we’re going to keep going deep in our market. Thanks again for being so transparent and giving this info out!

[@JesseVasquezAirVenture]

Whhaattt did we just become best friends!? Haven’t seen the stokes but hopefully someday. Congrats on all your new properties super bad ass!

[@jeanetteireland1374]

Great information! Thank you! I'm thinking about turning my rental home in Tracy into furnished temporary housing so this was helpful.

[@JesseVasquezAirVenture]

Best of luck!

[@joanebaptiste-cummins3207]

Love your space. Never heard of those bands, I'm from NY-: reggae, R&B, rap, house music 🎶🎶🎶

[@JesseVasquezAirVenture]

Ahhh NY - you never heard the strokes!? They’re a NYC band!

[@bjjones1969]

hello Jesse first time on. i came across your video b/c i am trying to learn about midterm rentals. such as what you are doing(insurance companies or placing medical professionals), but i havent had much success calling hospitals to place medical professionals in our apartments. this video helped me a ton. we have a 1 bedroom basement apt overlooking the lake(NYS), we are waterfront and will be applying your technique. i agree wholeheartedly about pets. i am a cat and dog lover and that would be super important that my fur babies be allowed to share the space. i loved what you said about capping. never thought about putting a cap on water, electric. do you do a separate contract with the guest or is it something you apply on the insurance claim contract about capping.....again, great content, i will be watching more of your videos. thanks for sharing! Kind regards, Jackie.

[@tracikunka676]

Great advice. Especially on the utilities. In SoCal the water and electricity costs are through the roof!

[@JesseVasquezAirVenture]

Trac! Yes definitely cap those utilities!!

[@andys3724]

You’re so awesome dude haha I’ve been binging your content since the BP podcast and hope to get started on a Canadian version of what you’re doing with MTR in the near future

[@JesseVasquezAirVenture]

Hey Andy! Dude!! Yes please make it happen out there! I know there’s a need! You c me be the first Canadian case study!

[@marvingomez9704]

I was going to rent my property in Orlando to Section 8 but NOT anymore... I will furnish the place and do Mid- Term Rental. Question: Where can i find how much to charge for 3/2 on 32824? Gracias Jesse!!!

[@JesseVasquezAirVenture]

Hey Marv! Smart move! Check on furnished finder, look for comps in same area, you can also use pricelabs - it’s shoes MTR prices.

[@RudineJohnson]

Thank you for not gate keeping. I signed up with ALE and someone reached out to me, still waiting to hear from the adjuster but this was very informative and helpful!

[@JesseVasquezAirVenture]

You’re welcome! Gatekeepers suck! Haha

[@tattattatwtfman..2747]

Awesome Video!

[@adamsantos1552]

Hey Jesse, have you ever thought of putting solar on your properties? This way your electrical bill gets covered, house will generate enough electricity in most cases unless there is to much shade that offsets that expense. Im currently putting it on my soon to be Mid Term Rental. Just furnishing the unit and then opening it for rental, but solar is going on within the next month. One less bill moving forward.

[@JesseVasquezAirVenture]

I have looked into it, it’s quite expensive here in California- it does seem to have a substantial amount of savings plus the tax credits. It is something I’m considering for sure!

[@JesseVasquezAirVenture]

@Campzzyzx hey ill have to look into this!

[@adamsantos1552]

@Campzzyzx yea but what I'm suggesting is buying panels outright, not leasing panels. I don't see a need for that but if you can install panels that you have bought. Then I would like to see how that isn't a smart decision. Lets see pay ridiculously high rate from the electric company, or have solar cover the entire bill and now you don't have an electric bill?

[@merlin8675309]

Hmm... is there a way to add solar and sell it to the resident?

[@ticktock2383]

NO the solar company puts a lien on your home. The cost will take decades for ROI. .

[@chazzico]

Fantastic video. I was just recently contacted by an ALE rep for my home that I have listed for rent and this is what brought me here.

[@JesseVasquezAirVenture]

Awesome! Hopefully you land the booking! Thanks for subscribing!

[@JJMahi]

Great video Jesse!!! Thank you :)

[@JesseVasquezAirVenture]

Glad you liked it!

[@theringowedding3538]

I learned about this process because we were displaced with a Newborn.

[@sandycrocker2707]

Love The Strokes!

[@JesseVasquezAirVenture]

Yes !! Let’s be best friends! 😂

[@nic23lond23]

Great! I have had my property on Airbnb and Furnished Finder for 5 days... I will find some insurance companies tomorrow to help fill my house! wish me luck :)

[@JesseVasquezAirVenture]

You got this!!!

[@ambitiousbeauty1013]

So hows it going so far?

[@farelled.9416]

Hey Jesse ! Love your work ! Amazing ! I looked through the comments wondering who designed your place.

[@JesseVasquezAirVenture]

This was a friend named Laura Loza

[@TsetsiStoyanova]

Super cool info

[@JesseVasquezAirVenture]

Glad you liked it

[@budhramramkissoon6962]

Thanks Jesse

[@JesseVasquezAirVenture]

You’re welcome!

[@TimeRep03982]

Thank you !!

[@JesseVasquezAirVenture]

Anytime 🙌🏽🚀😂

[@tuckermray]

Hey Jesse, when you hire a designer to come design the space, do you buy the furniture through them also? Or do they give you their thoughts then you go shopping? Or just give them a credit card and allow them to do the shopping for you? In a nutshell, how do you go about getting the place designed and furnished? Thank so much!

[@JesseVasquezAirVenture]

I’m actually gonna make a video on this, but I would suggest that you find out from the designer if they’re gonna do an up charge allow him to buy things and I would be even more cautious about seeing what the design looks like in your market using tools like AirDNA and matcher to find out how much money they’re making a month and just do something similar. Like if it’s a BoHo type property, you’re gonna probably wanna go with some BoHo type stuff. Or maybe minimalistic mid-century works well in the market. You gotta be able to look at the research to make sure. Hope that makes sense

[@tuckermray]

@@JesseVasquezAirVenture Yes, it does, thanks so much!

[@uptoproofingdisastersoluti7218]

Study policy ALE -additional living expenses cover electrical cleaning much more.

[@JesseVasquezAirVenture]

Yes sir that’s correct

[@upscalesoy6971]

Hi Jesse, I just visited ALE hoping to get information on how to list my property. The question I have for you is… how do you make 2-3x more for your place when one of the fields you have to fill out on their website is “the listing price”. How do you get the insurance company to pay more than what you have entered as the asking price per month?

[@JesseVasquezAirVenture]

They don’t even look at what listing price is

[@tonitoni7404]

@upscalesoy6971 did you have to pay fee to list your house?

[@JasonAmySharp]

Do you have any info on corporate relocation and long term corporate rentals? so, far you have given me the most hope and inspiration to make this happen. thank you

[@JesseVasquezAirVenture]

I do, it’s all over this channel! Check it out hopefully you can make some moves with the info given 🤙🏽

[@KimberlyGrainger-i2d]

Hello can you provide a list of companies needing housing providers ?

[@rachelshelley3234]

Are you located in the CA Central Valley??? Your video gave me Modesto vibes.

[@rachelshelley3234]

No way!!! You just said Modesto! I was like, this guy is totally in the valley! Looks like he’s somewhere down McHenry close to Morris! Forreal man! That’s crazy! I’m from Motown and live in SC now and am considering what to do with my second home when I move. Just sold my first investment here for $90k profit in 2 years (bought for $60k) Love it!!! Shout out from Aiken, SC to a fellow Modesto peep! Thank you for making this video! I needed this. P.s. KZbin wouldn’t let me edit my comment. So you get the reply. lol

[@woolengrappler]

Great advice! An you do a video on how to find and select a designer and what you’re looking for from the designer?

[@JesseVasquezAirVenture]

Check out my most recent video!

[@woolengrappler]

@@JesseVasquezAirVenture I’ll check it out. Listening to your episode on the Invest2FI podcast. Good stuff. Looking to pivot from LTR to MTR.

[@xenro24]

How long is the relocation contract typically? or how long do the family stay?

[@JesseVasquezAirVenture]

It really just depends, I’ve had folks stay with me for a month. I’ve also have somebody with me for a year.

[@techcheng]

Amazing Jesse. 2 questions. First would you just put a programmable thermostat like a nest so you can adjust/monitor the settings and possible lock in temp settings? Second, with the utilities caps how do you go about that? Do you state that up front to the insurance company, tenants or both? Or is it in your lease? Thanks

[@JesseVasquezAirVenture]

Hey we set caps at 400-500 prior to guests arriving, its in the agreement they will cover any additional costs. We dont set locks as they fully aware they will cover their own costs if exceeds

[@RudineJohnson]

Hi Jesse, do u dothe ALE preferred landlord program?

[@JesseVasquezAirVenture]

I do not. I may though

[@avabird01]

Hey @jesse, curious about the volume of relocation claims a landlord could expect over the course of a year. I'm sure it depends on the size of the market, but is there a reliable way to increase confidence that this approach won't lead to increases in vacancy? Thanks a bunch for sharing your experiences!

[@JesseVasquezAirVenture]

Hey Chris it’s really circumstantial, I don’t just put all my eggs in the insurance claim basket. Any savvy investor will always have different clients to serve. Healthcare, Insurance claims, business travel, construction companies, dignitaries nomads - diversify and scale is a way to cover all angles and minimize vacancies. Building relationships w all of these sectors will help you tremendously

[@suesanperry4040]

How works homeowners insurance work?

[@dapoet200]

@@JesseVasquezAirVenture That's really great advice. Thank you!

[@jabarisandifer]

Hi Jesse, thanks for all of the great content! How often are you reaching out to insurance agencies? I'm trying to establish a cadence so they can remember my listing but don't want to be annoying. Thanks!

[@JesseVasquezAirVenture]

I’m still reaching out on the regular - weekly I teach that and still am doing it !

[@sophietran9297]

How do you cap the utilities? Would it through the lease or put in a claim after the fact?

[@JesseVasquezAirVenture]

yes you just let the specialist know, they want you to put caps as well. Also add it to lease addendum

[@sophietran9297]

@@JesseVasquezAirVenture Where do you recommend to draft lease and lease addendum? Is there a template you would recommend with the legal verbiage?

[@wvictoriaaYama]

Is there some more info regarding this? Interested in letter. Have a few questions.

[@JesseVasquezAirVenture]

Hey! It’s just a basic into letter that explains what I do, how I help, why I’m serving these clinicians and how it’s done. Pretty standard

[@wvictoriaaYama]

@@JesseVasquezAirVenture thank you for your response. Do you have a sample? Is that provided in a platform or training?

[@barbarapiveteau3953]

We just posted our nursepad rental in Philadelphia near all the hospitals on nursesbnb. It has not rented yet. Have you heard of this platform?

[@JesseVasquezAirVenture]

I have not heard of them yet, not sure if they’re reputable or not I’d stick with furnished finder

[@springeralready2800]

Hey @jessevasquezairventure ! When posting to furnished finder and other sites, do you list the property at the amount you'd like to get from the insurance company, or a different price? For example, do you go all in listing a house for 8k, waiting for the insurance relocators, or list at a more accessible price for a standard MTR like a traveling professional, and negotiate up if the insurance company contacts you about it?

[@TKOBLAAZE]

I have a very nice home in Baltimore,Md I currently have my property listed on a number of insurance sites no lick. How do you structure the pricing that’s what i have an issue with ? Also I’m not getting the hits like i should.

[@chrisandsheena2438]

Hey Jesse, great video. How long did the family stay in the property? Thanks.

[@JesseVasquezAirVenture]

Six months, we’re getting ready to host. Another family seem situation for eight months. Same property as well.

[@punnymoney3692]

How about a list of these insurance companies please 🙏 and who pays best.

[@JesseVasquezAirVenture]

Ale and dans housing

[@punnymoney3692]

@@JesseVasquezAirVenture Thank you, i am checking out Danhousing's website right now :) But... in your Joshua Baldovino interview you mentioned Farmers and nationwide. Do you have a list somewhere? NEW SUB!

[@punnymoney3692]

And you mention Ale solutions, Furnished Finders, Dans Housing, Farmer, and nationwide sooo far for insurance claims.

[@webuysellhousesaptscashoff9453]

Definitely, We forget about the utility bills easily. It needs to be written in the agreement so we don’t forget.

[@JesseVasquezAirVenture]

@@webuysellhousesaptscashoff9453 yes for sure! I learned that the hard way by literally having electrical bills are over $1000. You can easily at a cap in fact most insurance companies want you to

[@myabrown9606]

What kind of insurance agencies are you reaching out to? Life, health, homeowners insurance?

[@JesseVasquezAirVenture]

Home owners insurance, Farmers, Allstate, you also want to look into temporary housing agencies - such as CRS Temp Housing, Temporary Accommodations,National Corporate Housing

[@nathaliaaguilera5287]

This is gold’s worth of information. Thank you for always sharing your knowledge. Will continue to support you and this channel 💯

[@JesseVasquezAirVenture]

@@nathaliaaguilera5287 thank you so much for the kind words! Appreciate you and the support! 🙏

[@lvfinedesignllc8359]

@@JesseVasquezAirVenture Great Thanks for all these info!!!!!

[@JesseVasquezAirVenture]

@@lvfinedesignllc8359 anytime 🙏🏽

[@katiepellegrin]

Have you refinanced any of your MTRs? Is the income acceptable to approve for a refi?

[@JesseVasquezAirVenture]

Yes! I have and yes it is! The beautiful thing is whatever the rent coming in Especially with a contract the banks accepts it! It’s glorious Katie!

[@katiepellegrin]

@@JesseVasquezAirVenture I was thinking with it being 3-6 months leases it may not be stable enough. Have you refi with asset based lemders or just local banks?

[@JesseVasquezAirVenture]

@@katiepellegrin local banks. I have multiple different contracts I’m sure that helped, all you need is one 3-6mo or longer you should be fine!

[@katiepellegrin]

@@JesseVasquezAirVenture Thanks!

[@Ambrosha385]

Wow great question and great answer, this is an amazing video please keep these up!

[@Eastbaypisces]

how much did u pay for the property?? how u get started in this?? what city is that there?? Im in Oakland area

[@JesseVasquezAirVenture]

700k, your in the right spot here on KZbin learning about investing!

[@Eastbaypisces]

@@JesseVasquezAirVenture what advice u got for somebody starting

[@JesseVasquezAirVenture]

@@Eastbaypisces google mid term rentals or KZbin folks doing it now start absorbing there information. You’re doing it now

[@HousesandCars]

I spoke with a few relocation specialists. I noticed they were willing to bargain but how do I know what's a good rate? Do you browse short term comps? In the end we did not accept the tenant because they have a cat and we don't accept cats. Do you accept cats?

[@JesseVasquezAirVenture]

Hey it’s always best to find out about what is going on with the guests, are they in multiple hotel rooms? Is there an average daily rate ? I use comps yes based on STR numbers but i also take in the fact that we can cover all expenses, keep in mind some of these agencies are spending wayyy more than you would ever think, they’re expecting negations

[@HousesandCars]

@@JesseVasquezAirVenture I appreciate the help. I'm assuming I could reach out to each insurance company for a representative. I have a bunch of questions but I'm new to your channel so I'll watch a few more videos.

[@ticktock2383]

Renting property out has so many risks. Been there, done that.

[@kaleenaleuta4726]

Did insurance pay that 8k a month regardless if someone was relocated in your property or not?

[@JesseVasquezAirVenture]

No, somebody has to move in in order to get paid

[@executioniseverything2991]

Can you minimize turnover and create high occupancy rates with mid-term rentals? In other words, using Pricelabs I can consistently get 80-90% occupancy in my STR's but I"ve been thinking about switching a few of them over the mid-term renting for ease of operations.

[@JesseVasquezAirVenture]

You can be booked with no vacancy thats for sure. Transition one of your underperforming STR’s. Start with one. See how it goes. I reach out to agencies and build backward, finding the agencies first and funneling them to my company. You can also list on all the platforms such as FF and CHBO.

[@executioniseverything2991]

@@JesseVasquezAirVenture Good idea. I'll start with one. If I could make my properties perform at 2x mort payment using the mid-term platform, I'd convert them all.

[@tonitoni7404]

@@JesseVasquezAirVenturewhat is CHBO?

[@cookingwithmelrabybaby2651]

Hi @jesse! Did you add the caps for the electrical/water bill in an addendum for the insurance company to agree to?

[@JesseVasquezAirVenture]

Yes always! $500 electrical - $250 water - $250 depending on your market for gas

[@jennifersilletto179]

Do you charge extra for pet deposit and if yes? How much?

[@JesseVasquezAirVenture]

Really depends on property and i usually charge 500 plus we have it mandatory to have biweekly cleaning at x price per month

[@ambitiousbeauty1013]

​@@JesseVasquezAirVenturewhen people have pets what kind of cleaning do you implement? Is it just getting the carpet cleaned in the whole house?

[@brianh4326]

Jesse have you ever had an insurance company try to end a lease early because the families home was ready prior to the date they originally thought? If so how did you handle allowing them out of the lease?

[@JesseVasquezAirVenture]

Ive never had that happen, its usually the other way around.

[@Aubcollc]

Great vid! Thank you. 😎🤙🏼🏁

[@JesseVasquezAirVenture]

Hey! Thanks so much ✌🏽

[@jon2o9]

Man this is amazing. I'm in Modesto off Robertson rd 😩 with a furnished 1bd house in back and my neighbor has chickens/ roosters. What should I do? I'm almost ready to post on FF. Thanks man your content hits home 👌🏼

[@JesseVasquezAirVenture]

Chickens and roosters eessshhh, call it the farm house? Jk hmmm…. If you’re hosting nurses they’ll need to sleep during the day if they’re working the night shift. Maybe something like a box to eliminate the sound.

[@yaelfuerst1328]

I'd be worried that a family could cause damage to property, is payment from insurance companies substantially higher than travel RN's agencies?

[@JesseVasquezAirVenture]

You’d be worried that a family could cause damage? So you would not be worried that long-term tenants would cause damage? Insurance companies pay so much more!

[@mssharelltiahna1169]

Can you do this method with a rental property that you don’t own? I currently host my apartment on Airbnb. It’s a 1 bd 1ba in a gated community in a great neighborhood. Should I give it a try?

[@stevend481]

Yes people do mid term arbitrage. Put it on furnish finder and see what you get

[@CharleneJudd-f7x]

Coool stuff

[@jetlife77]

Does this method also work for renting out a bedroom or just only for renting out the whole property?

[@JesseVasquezAirVenture]

Doesn’t not work with room rentals

[@marvineblackburn7846]

Love the pool. Is there a huge liability with that? ♥️

[@JesseVasquezAirVenture]

I haven’t had any issues, I do have proper insurance for this property so I do have quite a bit of coverage. But for the midterm rental space, most of these are professionals that are coming in every door has an alarm when it is opened and closed plus the security lock up top, so I feel like we check mark every single specific safety feature.

[@ChiddyRocks24]

Hi Jessie, I am in this situation right now but am concerned if the displaced family will take care of my property. Is it unreasonable to request that the insurance company for a $5,000 non refundable security deposit? If I have listed the property for a certain rate is there any leverage to request the insurance company pays a higher rate above market although they have already seen my listed rate? Thank you!! Appreciate this Video!

[@JesseVasquezAirVenture]

Put everything in your lease terms and yes, I do think that that would not be something that would be favorable on your end at all. If you’re concerned about the well-being of the property, maybe they’re not the clients for you.

[@ChiddyRocks24]

@@JesseVasquezAirVenture Hi Jesse, is the insurance carrier mentioned in the lease? How am I guaranteeing that the insurance company will make the payments? Thank you

[@gottvid]

Hi Jesse, I am a small time investor. I have 5 long term rentals spread in different areas in north New Jersey. All are townhouses with HOA’s. Can I do midterm rentals with properties under HOA? TIA

[@JesseVasquezAirVenture]

They can be tricky. You need to read the bylaws to make sure that you can have guests stay for 30 days. Some of the rental regulations in the Hoa may restrict leases. Check out the how bylaws to make sure you can rent at Min 30 days

[@gottvid]

Thank you so much for responding Jesse. They always need a lot of paperwork to be filled out for every new tenant that moves in. I am pretty sure they won’t allow 30 day rentals. I was hoping to get around this issue by doing 6 month leases?

[@JesseVasquezAirVenture]

@@gottvid six month leases are not as easy as a three month. In fact, I would say out of 10 midterm rentals two would stay six months from what I’ve seen most of the issues with HOA are the neighbors that complain. Hopefully, maybe three months of 90 day would be enough.

[@Whatever0704]

With the fire in Hawaii (so sad) who do you reach out to to provide re rehousing. We have a few fully furnished rental in Las Vegas

[@JesseVasquezAirVenture]

If you have places in HI yes

[@sub2inheels259]

Are you looking to rent the houses out to families OR are you interested in renting your house to a company who will then sublease the house as a mid-term company?

[@seanlast]

How long are the lease contract terms? Is the insurance company paying you for when it’s vacant also, or can you rent to other people/airbnb in between that?

[@JesseVasquezAirVenture]

They’re only paying while the guests have repairs done on their property. I’ve had guests stay up to a year, delays with construction etc, yes we can rent i between as well. The goal is to create relationships with the agencies, you want to be the housing solutions provider for your market.

[@kellybailey5827]

I have hosted 3 insurance claims, 2 of which were around 6 months and 1 that was 2 months. We set it up where they can continue renting month to month after with first right of refusal as many insurance claims take longer than expected. We just ask for a 30 day notice which is plenty of time for us to find a new tenant without any gaps in stays, but we only do mid-term rentals.

[@JesseVasquezAirVenture]

@@kellybailey5827 That is awesome, I typically do the same thing 30 day notice ahead of time. We do go month to month after the selected. But they’re requesting, unfortunately like a lot of construction projects, there’s always delays.

[@michaeldanielson2602]

@@kellybailey5827 do you own those or rent?

[@pedratatianna]

Hey Jesse! Will this model work for apartments that I am renting? I am in the process of setting up my mid term units for traveling professionals (thanks to you!) but I am also interested in this model as well?

[@JesseVasquezAirVenture]

Yes, 100%. It works for apartment units. Just make sure you’re able to get the unit at a decent price so that you can cash flow

[@tit4357]

Great info. Sounds scary to talk to ppl when you don't know what your doing! Question: did they tell you how much they are paying or did you have to research that before talking to them?

[@JesseVasquezAirVenture]

Yea you most get educated in the space, I ask lots of questions, Is the family in a hotel? If so how many rooms? What hotel? What’s the current budget, do they have pets, the goal is to save the agency money and solve problems

[@regulomoy5106]

Is there a contract I need to have for a guest before they stay in my property? If so, where could I find a sample? Thank you

[@JesseVasquezAirVenture]

The agencies put together a contract you just acknowledge it, theres also a letter of responsibility and a letter of intent. Each of these very by state

[@regulomoy5106]

The letter of responsibility and letter of intent the agency also provides it?

[@ambitiousbeauty1013]

​@@JesseVasquezAirVentureare you responsible for paying all the utilities and do the utilities remain in your name when renting to insurance companies?

[@arinzeobiako5342]

Anyone know any other companies besides ALE solutions?

[@ambitiousbeauty1013]

How do you come up with the amount you charge the insurance company to rent your place?

[@JesseVasquezAirVenture]

This is a loaded question lol each policyholder has what’s called additional living expenses, these very depending on the policy. I typically start with 3 to 5 times long-term rental rates and negotiate with the relocation specialist. Keep in mind it’s all dependent on the property value and those additional living expenses policies.

[@alona724]

Are they only interested in relocating people to single homes? I’m interested in the course… but that would be a determine factor for me.

[@JesseVasquezAirVenture]

Yes they are interested mainly in single family / there’s many other clients to go after though

[@primetimewill1]

Do u have a template for the email you send

[@JesseVasquezAirVenture]

I do! Shoot me an email, [e-mail]

[@deeharris4634]

@@JesseVasquezAirVenture I'm going to shoot you an email too!

[@stennettinsurancefinancial7112]

@@JesseVasquezAirVenture can you send me the template too?

[@dapoet200]

How did you buy that house for just $2100 a month?! It's gorgeous. New subscriber, honest question.

[@JesseVasquezAirVenture]

Bought in 2021 - 3. percent interest.

[@dapoet200]

@@JesseVasquezAirVenture That is fantastic! 🤩🤑🤗Much success to you!! I just sent a few emails to several temp housing directories today. One actually reached out to me after they saw my new listing on VRBO. It must have generated a lead for them but the person needed to move in in two days and they went with another place they contacted before me. Do you have a lease template that you can share with us that includes the things you mentioned like the utility cap etc? That would be incredibly helpful. Thanks so much for the great tips. This is my first property.

[@TheKerrycohen]

Hi there. Found your videos in the process of getting the ADU (renovated garage) made on my property. I came here looking for alternatives to Airbnb bc seems like they're masters at screwing over both renter and owner. The ADU will be the equivalent of a studio apartment, which means it would fit a single person or a couple only. Would you say it's not worth it for me to pursue this avenue of renting out the ADU?

[@JesseVasquezAirVenture]

I really like the idea of Mid Term renting a studio. How do you. I do feel like it’s definitely the route to go. In fact, if I had a studio, that’s what I would do.

[@TheKerrycohen]

@@JesseVasquezAirVenture I'm sure I won't be able to make 8000 a month, but I'd like to make more than I would if I made it a long-term rental. Plus, I like the idea of helping people out. Thanks, and thanks for your reply!

[@uptoproofingdisastersoluti7218]

What do you do with the property when the catastrophe is over

[@JesseVasquezAirVenture]

Deep cleaning on to the next potential guest to serve

[@elenagasol2099]

Thanks for the great advice Jesse! Do you need to have an LLC or some type of business before you get that relationship with the insurance companies? I'm currently a small investor and had been renting my properties long term as an individual landlord. Also, when you send your emails, is it to the links for suppliers or vendors of the insurance? Are all your rentals on the smaller side? I was trying to figure out whether the insurance companies might be interested in a larger property (6bdr, 3bth), but it is hard to get a sense as I cannot get through to anyone on the phone. And did you ever try to rent the property unfurnished? Thanks in advance for your time!

[@JesseVasquezAirVenture]

Hey there! You do not need an llc, I’ve done this even before I had business entity under sole proprietor.

[@shuyiyu4113]

I tried emailing a bunch of large house insurance company agents, and none of them have even heard of Relocation Specialist. Does this job title even exists? Can you give me a specific insurance company that does that?

[@JesseVasquezAirVenture]

It takes more than just emailing, there’s methods to it or it just becomes spam to them.

[@1of124]

MANNNN!!! YOU DIDNT TELL ME my glasses ,above my hat with my glasses above my glasses , with glass on the glasses glass LMAO!!!!

[@JesseVasquezAirVenture]

hahah

[@Danielg86]

Jesse, are most of your properties in Modesto? I own a couple duplexes in Oakland. Interest rates have made buying hard. Even rental arbitrage doesn't profit very much here in Oakland. Are you picking up more rental arbitrage units in the east bay? Or are you focusing on other locations?

[@JesseVasquezAirVenture]

Bay is tough but there’s still a way to make 2x market rent with contracting. My focus right now is in the Midwest states, looking at more larger multi family complexes.

[@CandiRayne16]

Hey there. Is this $8,000 per month the PROFIT (cashflow) or is it just the top line revenue of what the insurance company sent you for the month and then you have to pay out expenses using the $8,000? What was the actual profit for the month after expenses and saying for capex?

[@JesseVasquezAirVenture]

8k is gross Mortgage piti 2100 600 utilities etc 100 maintenance All in 2800 Cash flow $5200 ish

[@tonitoni7404]

@@JesseVasquezAirVenturedo you supply toiletries or toilet papers?

[@JesseVasquezAirVenture]

@@tonitoni7404 everything

[@E-manCal]

Hey Jesse, do you have all of your properties under one or any LLC's? I rent out my first property that I built in 2018 currently and I am using a Property Management Company, it does cash flow a little, but I would like to move into the MTR space and manage that myself. I just want to make sure that I take advantage of all the tax benefits I can by managing it myself and I am not sure if labeling that process via an LLC would help. Thanks!

[@JesseVasquezAirVenture]

Hey,no they’re not all under LLC, it’s not required but it does protect you just in case something were to happen. I’m just starting to formulate LLCs and trusts now after 7 years I’m the str/MTR Space

[@E-manCal]

@@JesseVasquezAirVenture Thanks! Do you think there is like a magic number as to when you might need an LLC? Whether it be in the form of equity that you have in the home or assets you want to protect on your personal side from possible lawsuits is? I am more trying to justify the need of an LLC in some way...

[@JesseVasquezAirVenture]

@@E-manCal my cpa pushed me into thinking about llc’s every one of my properties is under my personal, I think the more you start owning you should protect your personal. Putting homes under LLC when your buying increases interest rates but the protection is obviously much higher. That being said I’m just starting this now, I’d say connect with you cpa to discuss further

[@E-manCal]

@@JesseVasquezAirVenture Thank you!

[@JesseVasquezAirVenture]

@@E-manCal anytime 🙏🏽

[@glowupwithtreece]

How can o see the email you sent ?

[@JesseVasquezAirVenture]

I gotta leave a little mystery lol jk ill make a video about it, actually i think i did already ill attach the link -

[@glowupwithtreece]

@@JesseVasquezAirVenture ok thanks

[@Danielg86]

First!

[@JesseVasquezAirVenture]

👏🏽

[@lynnmickens4047]

Or Email.