BiggerPockets

Special needs housing

Monday, June 13

I am interested in learning more about Special needs housing. I am exploring acquiring investment properties near several colleges and understand that renting rooms by the semester to students can net above market rents. I also have learned that there is a strategy that employes a similar dynamic in that you market to government agencies who need to place individuals in fully supported houseing. Is there such a market? Is anyone on Bigger Pockets participating in this or is it just some real estate Guru's Hype?

Comments

1. 

   Michael Lauther Reply
   11 months ago

   We found a contact in Dayton Ohio that can use our services to place veterans which should be a good source of quality tenants. We know that in other cities there are government agencies other than section 8 placing tenants in properties with enhanced services and they pay by the room. In New Orleans some landlords are grossing over 800 for a single room in a shared property. that translates to over 2400 per month which is considerably more than the current market rent. Of course all utilities and some housekeeping and landscaping is included in the rent.

   1. 

      Brandon Huggins Reply
      27 days ago

      Michael... I'm new to this site and want to take the same aproach in my area (washington dc metro area). Are you able to provide any specifics on how to efficiently get into this niche market? I have two properties I'd like to rent in this way.

2. 

   Greg B. Reply
   11 months ago

   Great idea Michael. Thanks for sharing this.

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