Diversifying portfolio with workforce housing model – seeing 2x returns compared to traditional rentals

Got 8 properties, always trying to optimize. Tested room rentals on my worst performing property that was only bringing in $1200/month.

Converted to 4 rooms at $150/week each. Now pulling $2,400/month with way less vacancy. The demand for workforce housing is insane – people with jobs who just need affordable housing in the city near their places of employment.

What blew my mind was how much easier management got. Weekly payments = consistent cash flow. Someone stops paying? They're out in a week, not months of eviction bs. Workers just want clean and functional, not fancy.

Been using PadSplit on two properties now – they handle payments and screening. Thinking about converting 2 more based on these numbers.

The key is being near employment centers. Properties near hospitals, warehouses, restaurants crush it. You're solving a real problem while doubling returns. Not for every property but for C class in working neighborhoods? This model destroys traditional rentals.