Rental Property Cash Flow Increased - Providing Transitional Housing Gaining in Popularity. Minneapolis, MN

Rental Property Cash Flow Increased - Providing Transitional Housing Gaining in Popularity. Minneapolis, MN

Converting a conventional rental into transitional lodging can be quick and easy. We have created a system 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 initially. You will want to find out how many un-related individuals are allowed 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 fast. 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 could be converted into an additional bedroom? Put pen to paper and add it up. You will be surprised to uncover that in most situations you could be bringing in at least $1,000 a month in NET INCOME. With the particular tenant population we rent to, we never run out of tenant applicants and our students are looking for more residences to purchase 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 incarcerated are serving time specifically for a “soft” crime. Soft crime, while still an offense is classified 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 require reasonably 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 housing. The stereotypical idea that all former offenders are thugs just is not true anymore.

Consequently, many questions remain. All of these questions are answered in our FREE Ebook that can be downloaded by inserting your email address in the box on the right sidebar.

Come on – the times call for thinking about making money in new and different ways!

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