Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

149
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
149
Posts

PM wants me to rent out to a sober living home? Thoughts

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted
So I just purchased a house in Louisiana. my PM is offering me to rent out my house with a 5 year contract to a sober living home he manages. Rent numbers look great. Specially a 5 year contract. I no absolutely nothing, about sober living homes. Recommended doing it? any warnings? experiences? So the lease would be with him. At which point, he would stop being my PM and just be the lease holder. The house would have anywhere between 5-7 people. With inspection in the morning, for cleaning, and curfews to prevent people from going in and out. That’s what he tells me. Supposed to be just like a normal contract with just 5-7 people in the house but the lease would be just to him. He is a professional realtor so I would assume the money would be secured. My fear is that 5 years is a long time! If I have to evict them, how does that work? With him being on the lease and they living in the house?

Most Popular Reply

User Stats

1,460
Posts
1,594
Votes
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
Votes |
1,460
Posts
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

@Allen Lopez That's something that can happen at sober living homes. 

I would say it is all going to depend on how your lease is written. It's definitely not something I would consider using a standard or residential lease for. 

Commercial leases have more of these kinds of things built in to them. Building owners don't usually get sued if a physician that leases a building from them botches a procedure. Also, assuming the sober living is going to be run as a legit business they should have insurance to cover these kinds of situations and hopefully some version of local/national accreditation. 

Loading replies...