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Updated 5 months ago on . Most recent reply
![Justin Sofman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1811977/1621515780-avatar-justins631.jpg?twic=v1/output=image/crop=1042x1042@0x2/cover=128x128&v=2)
Anyone try sober living home?
Hi all - I’m kicking around the idea of buying a big single family home and offering housing for sober living. People in recovery need a place to stay free of drugs and alcohol. From what I understand, it’s common to place 2 beds in each room and charge weekly/monthly. Returns are higher but the downside is that it’s more hands on.
While my primary goal is to make money, I have a soft spot for those with addiction. I see this as a chance to do some good and make better money than if I were to go the traditional route.
Anyone tried their hand at a sober living house? I’m finding it difficult to find examples of people doing this.
Thanks in advance BP!
-Justin
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Have you looked into the comprehensive and liability insurance for that type of property/business? I have seen several fail due to lawsuits and insufficent coverage. Have you looked into assited living facility as they are far more profitable?
Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues. (Not all states).