Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Innovative Strategies
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 over 1 year ago,

User Stats

43
Posts
9
Votes
Jessica Flint
9
Votes |
43
Posts

RENTING ROOMS TO 55+ INDEPENDENT LIVING IN SFH

Jessica Flint
Posted

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!

Loading replies...