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Updated over 5 years ago, 05/01/2019
PM wants me to rent out to a sober living home? Thoughts
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?