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 almost 8 years ago, 03/15/2017
Rental Beside Hospital Creative Rental Situations
I wanted to see if anybody had ever developed a relationship with or had a contract with a hospital to provide short-term housing for doctors or other staff. I have a SFH rental coming online in April that is right beside of a teaching hospital.
I have talked to several doctors who have traveled to this hospital from nearby cities for rotations and complain about having to travel back-and-forth every day. Even though it's an hour commute round trip, after a full day they just want to crash.
Plan A is to just rent this house as a residence with a 12 month lease as I usually would. However, I like to be creative I had the idea of approaching the hospital to see if there was a need to provide such housing to doctors or other staff.
Has anyone done this? What advice or warnings would you give?
Any thoughts or feedback are welcome.