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Podcast: Property Profits Real Estate Podcast
Episode: From Apartments to Rooming Houses for Bigger Profits – Forrest Lennhoff
Description: Forrest shares how he scaled from small multifamily into licensed rooming houses across Greater Boston and southern New Hampshire—ranging from 11 rooms to a 76-unit, dorm-style building with commercial kitchens and daily-cleaned common areas. He explains why he buys existing, properly licensed assets (instead of cutting up apartments), how tenant demand is driven by affordability, and why management intensity and collections risk are the price of higher margins. We also talk sober living, mixed-use sites (including a laundromat), compliance basics in Massachusetts, and how his property management company supports other owners entering the space.
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