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Updated over 1 year ago,
RENTING ROOMS TO 55+ INDEPENDENT LIVING IN SFH
With rents rising and the "silver psunami" approaching, has anyone heard of renting out rooms to 55+ to individuals living on a fixed income, don't yet need assisted living, but can't afford those pricey independent living facilities? I was thinking this could be a great new niche to learn about or start, if it doesn't already exist for people 55+.
I was thinking I'd provide property management for small tasks that are difficult for elderly, provide a weekly cleaning service and lawn care, but beyond that, they'd be on there own to maintain the home. They'd do all their own cooking, grocery shopping, etc.
I'd purchase a ranch, of course, and convert the bathrooms to have walk-in showers, install handicap bars and install hard flooring through out. I was thinking one bathroom for every 2 residence. So more than likely, 4 bedroom, 2 bath homes.
Anyone have any info on this trend starting? Any help is appreciated!