Co-Living properties in Boise and surrounding areas in IDAHO

[Aaron Williams]

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not). Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best. I'm surprised an investor hasn't jumped on them yet. I don't really have a question about the situation, just more fascinated at how little interest potential buyers have had.