Reposted from the "Stabilize" blog of the NeighborWorks America Stable Communities program.
Shelterforce discussed the thorny issue of managing scattered-site rentals by nonprofits in its winter 2011 issue, noting that it "has long been considered a very tough nut to crack for nonprofit housing groups." The lack of efficiencies of scale lead to higher costs for travel and time, maintenance for non-uniform household items, fewer units sharing equipment like laundry facilities, and security. One property manager estimates that management costs 25 to 30 percent more than traditional rental units.
NeighborWorks America has developed the comprehensive Scattered Site Rental Toolkit: Business Planning for Development & Management to assist nonprofits that want to provide affordable housing and stabilize neighborhoods through such rentals.
Does your organization have experiences — successful or otherwise — with this type of work? What advice would you share?