Max Cash Flow Now

Max Cash Flow Now: Don’t let your rental property become a charity shelter.

I just read a blog by Donna in NM, who has had the most dreadful experience with a Section 8 tenant. She wrote that she did not have Section 8 housing experience and her tenant had 10 years of experience scamming the system. No rent has been collected and now she has a squatter and is unsure how to correct the situation. Several good remedies were written in response to her questions and I don’t want to repeat her options here. I can not imagine that this is an isolated case. Probably not your specific circumstances, but even so, many real estate investors, who are holding rental property are making costly mistakes.

Depressed real estate prices and the profusion of very good deals on distressed properties are drawing many new investors into real estate. The smart ones look for coaching or mentoring from others more experienced. The majority most likely feel they can figure most things out for themselves, and then there are areas that they are inexperienced in and can have a harmful effect on their net monthly income. Getting good counseling can save money and headaches.

With our method and transitional housing, our landlords and I have never had these troubles. If the rent is overdue by more than 3 days, I just make a phone call or two, change the locks and wait for the tenant’s family member or friend to set up a time to pick up any personal belongings. I do not return their damage deposit. Within a few hours or a few days, I have the room occupied by another tenant from my waiting list.

It’s just that simple. It doesn’t involve an expensive eviction process and a minimum to no loss of rent. Squatters are absolutely unheard of, there are no legal fees, no court fees, and no fee made to local law enforcement.

Discover how I can get away with this by downloading our FREE Ebook from the side bar.

Max Cash Flow Now: Rental Property Cash Flow Wizards meetup.

A group of alternative housing landlords got together recently at a local neighborhood bar to discuss a range of common concerns.  They were anxious to re-confirm a collaborative coalition rather than a competitive one.  There is such a need for this type of work and everyone brought important questions and answers to the get together.  The group was made up of of experienced property owners and others that were just opening up.

It was a great sharing of ideas, solutions, and experience.  Things discussed were; the state’s early release program, vouchers to property owners that pay for up to two months rent, newly discovered tenant referral sources, a free bicycle program, and a group marketing initiative.

Everyone is doing so well.  One property owner commented that even with 2 out of 7 beds opened for a while, she was still making great cash flow on her property.  Presently with a little attention given to her referral sources, she has filled the 2 beds and has 2 guys waiting in the “pipeline.”  The experienced landlords all agreed that it doesn’t take much once a house is established to keep it full and they were all loving the income their properties generated every month.

If you’re a first time reader of this blog post, it’s important to appreciate that these property owners are renting individual furnished rooms to a definite tenant population thus creating great rental property income – on the average of $1000 a month NET.

Learn more about transitional housing by downloading our FREE Ebook by inserting your email address on the right side bar.  And feel free to contact us anytime with questions.

Blog Intro 01-04-10

Max Cash Flow Now: Transitional housing is the key to increased rental property cash flow, especially with the right tenants.  A small three bedroom two bath unit can generate $1,900 a month gross income.  A four bedroom can gross $2,600 a month.  It adds up quickly for the property owner and offers an advantage not often afforded to individuals looking for alternatives.

Also, known as alternative housing, this form of housing is in great demand due to the nature of our current economy.  Foreclosures continue to increase, as reported by the Denver Post yesterday, subsequently, forcing more individuals to seek affordable housing options.  The cost of renting a small apartment may still be out of reach for some, as landlords typically demand first and last months rent up front.

That is where transitional housing fills in, by renting inexpensive furnished rooms by the week or the month in a SFR, duplex or small apartment complex fully furnished and equipped.  Private rooms normally rent for $100 a week and up, and some single tenants will agree to a semi-private room for $85 a week, with a $100 damage deposit.  These tenants do not sign leases, and agree to “house rules” minimizing the management time after you are up and running. Many zoning districts allow for this type of occupancy.

There is one tenant population that has a great demand for this type of housing and there are government and non-profit agencies who refer tenant applicants to you for no charge.  This is not section 8 housing.  Download (see sidebar) and read our free eBook, it covers all the details of our unique method of increasing rental property cash flow.  Why not cash in on a lucrative opportunity and at the same time supply a much needed resource?

Why not?  Read our free eBook.   You or someone you know has nothing to loose and much to gain.