SRO (Single Room Occupancy) Properties

[Ben Ballinger]

Hi all; anyone have experience owning SRO properties? I’ve come across one and am intrigued, but have no experience or even know where to start with analyzing such a property.

I’m assuming such properties house transient/homeless individuals? In general, do landlords simply provide the housing and get paid a flat rate by the organization/institution responsible for managing the tenants, or is the landlord’s income based on vacancy? Perhaps it’s somewhat case by case?

If a SRO is for sale, how do we find out who that entity even is? The listing agent is super unprofessional on the property in question and not providing any info whatsoever.

Those of you who own/have owned... worth it? What metrics do you use to determine if the property will be a good investment?