All Forum Posts by: Han T.

There are quite a few programs out there that will help with security deposit and first month's rent, but I do not accept them in my market. We used to accept them in the past, but we saw the same problem over and over again: Tenants would move in using someone else's money and then be unable to afford the ongoing rent.

My policy, and I think the best practice for all landlords, is to require the tenant to qualify on their own. Once they pass my screening and move in, they can apply for section 8 or other assistance to help them with rent payments.

I know the Veteran Service Commission (https://vets.franklincountyohio.gov/) can help in this department if the prospect is a military veteran and hasn't already exceeded their limits in terms of financial support for the year. 

I also found these potential resources:

"Housing Assistance Homeless Hotline helps tenants, homeowners, single mothers or families with children who need financial aid for back rent, and others. The phone number is 614-274-7000 or 888-474-3587. Referrals are given to churches, local charities and other places that can help. Find rental arrears assistance, storage cost fees, moving for moving or deposits and other social services.

Volunteers of America Greater Ohio may have limited funds for housing costs, whether rent, mortgages or utilities. The address is 1780 E. Broad Street, Columbus, Ohio 43203. All funds are limited and the goal is to stop homelessness, with a focus on veterans, the elderly, or disabled. Call 614.253.6100.

Central Ohio Area Agency on Aging only assists people over 50 (the elderly, seniors, etc.). Grants, home repair loans, emergency rent help and more is part of the Housing Assistance Program (HAP). There is also information on subsidized homes or apartments for seniors, medical items, and other financial aid - in addition to for rent. Address is 3776 South High Street, Columbus, OH 43207. Phone (614) 645-7250"

Best of luck!

@Columbus Wilson I don't live in Columbus, nor know of any meet ups. But if you are ever willing to come to Cincinnati, there is always a meet up the first Thursday of every month at MadTree Brewing in Cincinnati. There should be a post about it in BP events, but if there isn't, feel free to DM me and ask about any question you may have. 

Thank you!

 What's your cost per sqft? I'm in the midwest, metro area. 

Hi @Colby Zeller, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

Im making this post to reach out to investors in the Columbus area to ask them how they think the market will fair in 2023. I have been doing my fair share of research on the area and it seems to have a rapidly growing population. In 2023 however, I'm looking to buy my first rental property in the area and am just curious on how other professionals think how the market will fair.