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Updated almost 7 years ago on . Most recent reply
Addicted To ROI: The Supported Living Program
3 Replies
- 07/18/18 06:00PM - 08:00PM America/Los_Angeles
- We'll be meeting in the private room in the far back left , 5602 232nd Street SW Mountlake Terrace, Washington 98043
- $10.00
Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. There may be pitching of products, services or properties at this event!
Due to popular demand on this topic, we are dedicating an entire meet up to discuss the supported living program.
Brian Smith, COO of the Volunteers of America will be speaking at this meet up, and sharing from the provider's perspective about the supported living program.
The benefits to the landlord include: Long term tenants that stay between 10 - 15 years, all utilities are paid for (even with multi-units) in the program, turn over expenses are eliminated due to the long term tenants, and vacancies are covered by the provider. Each tenant also receives up to $12,000 in property modification funds should the property require ramps, hard surface flooring, grab bars, etc. In some cases, having supported living tenants increases your cash flow by 30% or more!
You'll have the opportunity to ask Brian questions, and learn more about their housing needs.
There is a growing demand for additional housing units for these tenants, and if you own properties, this is a meet up you need to attend!