General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago,
Hospice _ 501(C)3 charity renting SFH providing hospice care
A local charity wants to rent my SFH in order to house up to 3 patients along with a 24 hr staff. This would be a hospice home designed to provide more comfortable living in last few days/weeks of life. What additional considerations should I put in place or ask about. My property is in a residential neighborhood, zoned residential. It was explained that they're not running a for-profit since no rent or fees are charged to the patients, the company has a large donation pool that covers operating costs and staff.
Should we put this property into a LLC or REPT?
Could this affect a later sale?
Should we draft an addendum to the normal PM agreement?
What tasks would you ask a lawyer to perform?