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Updated 2 months ago,

User Stats

135
Posts
37
Votes
Walker Hinshaw
  • Investor
  • Denver, CO
37
Votes |
135
Posts

Approached by a PM to turn my SFH into a Sober Living Rental: Any experiences?

Walker Hinshaw
  • Investor
  • Denver, CO
Posted

I am looking for feedback from anyone who has actually rented out a property to a Sober Living company. What was your experience like? What were the pros? What were the cons?

While attempting to rent out a newly purchased five bedroom property, my property manager was approached by a Sober Living company looking to rent out our property. They are willing to pay a few hundred dollars above market rents and would have essentially 0% vacancy since the sober living company would be on the hook for the lease, not the sober living tenants. 

Has anyone actually had real experience with a similar arrangement or know someone who has? How did it turn out?

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