All Forum Posts by: Jake Marriott

What area is it in? Section 8 is fine, but not the most profitable strategy depending on it's location. Any chance you can furnish the units and make the medium term rentals? LTR is always a good choice if the numbers work, but I would lean towards standard residents over section 8.

The area that it's in would not work well for medium term rentals unfortunately.

1 Vote

Pensacola, Florida

Quote from @Jaycee Greene:

Quote from @Jake Marriott:

Currently looking into a 10 unit investment property and would like some advice as for how to lease it. The property has 10 identical 750sqft units with a 2,000 sqft end unit. Likely a motel in its past life. My first thought was to work with Section 8 to fill the units. Confirmed with local office that they will approve vouchers for studio layouts. I heard on the rookie podcast about sober living which sounds like a good route as well. Any guidance would be helpful!

Hey @Jake Marriott, welcome to the BP Forum! I'd defer to any sober living operators, but I suspect doing S8 tenants has less hoops to jump through, depending on the licensing requirements for sober living in your area. Would the studio rents with S8 cash flow the property?

The property will cash flow with S8. After doing a building walk through the units can easily be made 5 2beds and 2 3beds. My thought proccess was rather than manage 7 units, look for one sober living operator to magage the units.

1 Vote

Pensacola, Florida

0 Votes

Pensacola, Florida

All Forum Posts by: Jake Marriott

Jake Marriott has started 1 posts and replied 3 times.

Post: Looking for advice: 10 unit multi family investment

Post: Looking for advice: 10 unit multi family investment

Post: Looking for advice: 10 unit multi family investment