Rental Property Cash Flow Increased - Providing Transitional Housing Gaining In Popularity

Converting a conventional rental into transitional housing can be quick and easy. We have created a method that keeps conversion costs to a minimum. Most multi-family and many single family residences (SFR’s) can be transformed into a much more lucrative venture. The key is to make sure you check with your local zoning authority first. You will want to find out how many un-related individuals are permitted per unit, within your property’s particular zoning district.

Why look at this option? Profit is the answer. $450 a month for a private room, $750 a month for a semi-private room adds up quickly. How many bedrooms does your rental have? How many are at least 144 sq. ft. that could be made into semi-private bedrooms? Then there are family rooms and porches that can be converted into an extra bedroom? Put pen to paper and add it up. You will be surprised to find that in most cases you could be earning at least $1,000 a month in NET INCOME. With the particular clientele we rent to, we never run out of tenant applicants and our students are looking for more houses to buy to fill with an on-going stream of tenants.

One in 6 Americans knows somebody or have themselves served time for a crime – That’s one heck of a statistic. Many of those imprisoned are serving time specifically for a “soft” crime. Soft crime, while still an offense is defined as a crime that is non-violent or not against a person. When that person is released and working to get on with their lives, they need sensibly priced housing that supports their efforts. We rent to guys who are released from half-way houses or work release programs. These individuals have served their time, have jobs and need to find affordable lodging. The stereotypical idea that all former offenders are thugs just is not true anymore.

By: Alf Gizzo

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About the Author: Alf and his wife Jeannie Gizzo, as Real Estate Investors saw and fulfilled a need. They discovered a unique underserved tenant population who appreciates clean affordable housing. To learn more about setting up transitional housing in your community, download their FREE Ebook, Max Cash Flow Now from the right side bar at: maxcashflownow.com