Renting to Felons Milwaukee WI

Felons account for roughly 8 percent of the American working class population, but finding gainful employment and a place to live can be a struggle for these people. An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction, but as with any invstment, this carries some risk.

Patrick M. Roney
(414) 299-3875
P.O. Box 100797
Milwaukee, WI
Specialties
Business, Car Accident, Contracts, Criminal Defense, Estate Planning, Landlord & Tenant, Speeding Ticket
Education
Marquette U
State Licensing
Wisconsin

Tristan R. Pettit
(414) 276-2850
111 E Wisconsin Ave # 1500
Milwaukee, WI
Specialties
Landlord & Tenant, Litigation
Education
Marquette University Law School,University of Wisconsin, Madison
State Licensing
Wisconsin

Jeremy T.C. Wenzel
(414) 326-9231
11101 W Hampton Ave # 12
Milwaukee, WI
Specialties
Chapter 13, Chapter 7, Landlord & Tenant
Education
Thomas Jefferson School Of Law
State Licensing
Wisconsin

Scott J. Jurk
(414) 339-6531
7610 4 Mile Rd
Franksville, WI
Specialties
Elder Law, Employment, Landlord & Tenant, Probate, Health Care, Land Use & Zoning, Wills, Environmental
Education
Marquette U
State Licensing
Wisconsin

Ronald L. Diersen
(262) 652-5050
3505 30TH AVE
KENOSHA, WI
Specialties
Business, Landlord & Tenant
Education
University of Wisconsin Law School ,University of Wisconsin, Milwaukee
State Licensing
Wisconsin

John R. Schreiber
(414) 276-5000
111 E WISCONSIN AVE STE 1400
MILWAUKEE, WI
Specialties
Contracts, Land Use & Zoning, Landlord & Tenant, Personal Injury, Bankruptcy
Education
Marquette University Law School ,University of Wisconsin
State Licensing
Wisconsin

J Miles Goodwin
(414) 276-5000
111 E WISCONSIN AVE STE 1400
MILWAUKEE, WI
Specialties
Commercial, Residential, Landlord & Tenant, Real Estate, Corporate
Education
Marquette University Law School ,Marquette University
State Licensing
Wisconsin

Matthew J. Krawczyk
(262) 827-5800
5445 S WESTRIDGE DR
NEW BERLIN, WI
Specialties
Bankruptcy, Real Estate, Landlord & Tenant, Family, Speeding Ticket
Education
Marquette University Law School ,University of Iowa
State Licensing
Wisconsin

Patrick M. Roney
(414) 299-3875
P.O. Box 100797
Milwaukee, WI
Specialties
Business, Car Accident, Contracts, Criminal Defense, Estate Planning, Landlord & Tenant, Speeding Ticket
Education
Marquette U
State Licensing
Wisconsin

John M. Murphy
(414) 298-8316
114 W COURT ST
ELKHORN, WI
Specialties
Adoption, Divorce, Personal Injury, Landlord & Tenant, Litigation
Education
Marquette University Law School ,University of Wisconsin, Parkside
State Licensing
Wisconsin

Renting to Felons: Risk vs. Reward

For many, the stain of a felony is hard to overcome, employment is not easily achieved, and even finding a place to live can be a struggle. Finding a place for former inmates to live presents a unique opportunity for those in ownership of low-income or group housing, or even a single-family unit, who could potentially cater to a niche, needy and often maligned market of renters.

As many as 12 million Americans have a felony conviction, and some 600,000 former convicts are released from prison each year, making up roughly 8 percent of the working class population, according to the Los Angeles Times. So where do all these people go?

With few places to go, some 10 percent of those recently released from jail will become homeless, according to HousingFinance.com.

An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction. However, doing so—like any investment—is not without its share of risk.

The Corporation for Supportive Housing recognizes that risk and is working to ensure former inmates and felons have a supportive housing environment that will keep them off the streets, according to Housing Finance. Without help, many former inmates relapse into bad behaviors, repeating the cycle many times over.

Another cause for concern is the increasing amount of mentally ill currently incarcerated and being released each year. Many of these inmates will fall in and out of homelessness upon being released, as their situation is far more delicate.

The Housing Authority of Utah County provides rent vouchers for up to 950 households, catering to those falling below the poverty line and the formerly homeless, according to DeseretNews.com, a state of Utah publication. The goal of the program is to help those in need, getting them back on their feet with a stable home and positive resources and influences.

Additionally, Utah’s Food and Care Coalition is planning to build 37 units of transitional housing, catering to those suffering from both addiction and mental-illness, according to Deseret News. Residents of transitional housing nationwide typically receive education and job training and placement, as well as substance abuse counseling.

With programs now addressing the needs of former inmates and those in need of a permanent home, interested investors could potentially have additional support upon opening their doors to thos...

Click here to read the rest of this article from NuWire Investor