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Updated 29 days ago, 11/12/2024

User Stats

10
Posts
1
Votes
Dillon Ramsey
  • North Carolina
1
Votes |
10
Posts

Group home rental rates

Dillon Ramsey
  • North Carolina
Posted

Hello,  does anyone have any idea what a reasonable market rent price would be for group homes? They are 2480sqft, 8 bed 4 bath. We would just be providing the property for them to place their patients and staff. Thanks for any help.

User Stats

382
Posts
79
Votes
Jaycee Greene
Pro Member
  • Real Estate Consultant
  • St. Louis MSA
79
Votes |
382
Posts
Jaycee Greene
Pro Member
  • Real Estate Consultant
  • St. Louis MSA
Replied

Hey Dillon! I would start with the Fair Market Rents (FMR) in the county where the property is located and use that as a basis to negotiate from there.

  • Jaycee Greene
  • [email protected]
  • User Stats

    10
    Posts
    1
    Votes
    Dillon Ramsey
    • North Carolina
    1
    Votes |
    10
    Posts
    Dillon Ramsey
    • North Carolina
    Replied
    Quote from @Jaycee Greene:

    Hey Dillon! I would start with the Fair Market Rents (FMR) in the county where the property is located and use that as a basis to negotiate from there.

    Thanks Jaycee, are to referring to the HUD website?
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    User Stats

    382
    Posts
    79
    Votes
    Jaycee Greene
    Pro Member
    • Real Estate Consultant
    • St. Louis MSA
    79
    Votes |
    382
    Posts
    Jaycee Greene
    Pro Member
    • Real Estate Consultant
    • St. Louis MSA
    Replied

    Yes. Congrats navigating to that screen so quickly. HUD doesn't make it that easy to find.

  • Jaycee Greene
  • [email protected]