BiggerPockets

Does anybody have experience renting to parolees? It seem to me that the best thing to do if you have an interest in renting to parolees is to talk to your local parole office.

Adam... Yes, my wife and I have a lot of experience renting to parolees. We've even developed a system to safely and effectively rent to them. Have even trained others, here in the Denver Area how to do it. It's going great and now sharing our expertise with others out of state. If you have any interest in this area, I first read my blog, here on Bigger Pockets and let me know what you think. http://www.biggerpockets.com/blogs/478

Great blog on the subject.

$1,000 cash flow is phenomenal. You might be on to something here.

Have you had any problems with the tenants trashing your rooms or furniture?
Is there any other screening required other than allowing only non-violent offenders into the home?

We recommend purchasing houses to do this work in working class neighborhoods. That's where the prices are less and there is less concern from neighbors.

You must comply with all local zoning codes, e.g., number of un-related individuals living in a unit, HOA rules etc... but once the neighbors get to know the tenants, there's never been a problem.

We screen these fellows well. They're really nice guys. Plus they're great neighbors.

Everyone of the tenants has to abide by a strict set of "house rules," no load music or TV, must keep the grass mowed, yard racked, snow shoveled, etc...