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Updated about 11 years ago on . Most recent reply

Account Closed
  • Investor
  • Baltimore, MD
688
Votes |
1,368
Posts

any experience renting to an assisted living in md?

Account Closed
  • Investor
  • Baltimore, MD
Posted

im considering renting some property to assisted living businesses, anyone have any experience with this? i see some upsides in preventing evictions/ higher rents. any info would be helpful

Most Popular Reply

Account Closed
  • Irvine, CA
3
Votes |
12
Posts
Account Closed
  • Irvine, CA
Replied

Is the AL living business a healthcare operator? If so, I would look into their qualifications - What is their background? What other facilities do they manage?

Is this a private pay facility or is there Medicare/Medicaid reimbursements? Is the operator licensed?

It has been my experience that the performance of these types of properties is heavily affected by the healthcare operator running the day to day functions. If they have a proven track record (10+ years of experience) and manage several properties without significant problems, I would seriously consider it.

Once you identify other properties they manage, you can do some due diligence here:

http://www.medicare.gov/nursinghomecompare/search.html

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