Someone has been running a Huge ad in The Sunherald rolling out the Neighborhood Rental Restoration Project. I can't help but wish that the entity paying for or sponsoring these ads could devote a tiny portion to advertising the ongoing SRAP Program and the new homes awaiting certified SRAP Rental candidates..

Generally, we introduce the SRAP from scratch. Occasionally we have SRAP Certified Rental Candidates contact us via the MDA office. So many potential candidates are not aware of the program--its unbelievable. I am thinking of doing a pre-recorded introduction to play for SRAP candidates.

Click here to see info on the newest SRAP designated town homes by CAL

My personal vested opinion:-), for every ad soliciting new investors--the MDA should also place a Rental Candidate information ad.

The NRRP ad states that "...According to a recent housing study, more affordable rental property is needed in the lower three coastal counties (South of I-10)."  I cringe to think this program could be based on "Hud" Telephone surveyors. Who did they talk to? Did they perhaps go out and count the vacancies south of I-10? When was this study performed? Was it before or after the flurry of building?

Read carefully to make sure you can handle less than the maximum rental rate for the NRRP. Undoubtedly many investors will get in on this program. You will have competition. Be ready to be better and/or more competitively priced. You will likely find that the Government is your biggest competitor. You may also find that investors who are not in the program will lower their rates to stay competitive with the hud/mda programs; which in turn causes you to continually lower your rates.

The NRRP program may work great for some investors. The program requires a minimum credit score of 580. Please, perform your own due diligence, or hire an accountant and attorney before jumping in. It is likely a good idea that you start attracting rental candidates well ahead of your deadline. 

The reason I chose to place specific guidebook links here when I could tell you to go to the parent site is because I am stressing the importance of the guidebooks. Even more so, I stress reading them and analyzing them. 

I advise talking to current investors south of I-10 and see how things have been going for them. 

The following links and much more information may be found here.

Click here to link to the guidebook for the Neighborhood Rental Restoration Project

Compare with the SRAP 2 Rental Guidebook information.

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The area I primarily serve is North Biloxi. Take exit 46B from I-10. Drive two miles North on 67/15 past Walmart and the new Promenade Shopping area. Take the North Hwy 15 exit. Drive two miles North. Avondale is on the left. All N. Biloxi showings begin with an orientation at the first townhome as you turn into Avondale.

The first 10 townhomes are all set aside for SRAP Certified Candidates. The other town homes are also reasonably priced but are not in the SRAP program. Take a peak at these townhomes by clicking here.

We still have Avondale Duplex homes and Quail Creek Cove Flats available for SRAP Certified Rental Candidates. Remember that N. Biloxi students attend all D'Iberville Schools. Harrison County provides school bus transportation.

August was a great rental month. Several SRAP homes have new occupants in Avondale, Quail Creek Cove and Quail Creek Circle. September is well on its way to topping August. CAL's September special with participating investors is: 1st month free/Zero ap fee.

The opinions expressed in this blog are my own.