All Forum Posts by: Ben Dan

Quote from @Colleen F.:

@Ben Dan This is what they call a registered family day care or child care home.  The 6 kids I believe needs to include their own children.  Look up what this means in your area to be a registered family day care. Be aware if your home is pre-1970 lead regulations are relevant. 

Pros: they are being upfront and it sounds like they want a formal rather than informal situation. likely they will stay.  

Cons: Liability, traffic. 

Questions: are they going to want to put up play equipment, fences? hours?

Yeah. Its a pre 1970 home. Im ok with play equipment etc as the property is fenced. My worries are liability, their ability to pay rent ( since they are not employed and I think they are anticipating income from this business) and their lack of prior experience ( which I think would lead to potential unnecessary issues if any). Am I overthinking ?

Quote from @Colleen F.:

@Ben Dan how many kids? Are you set up for the traffic. Liability? Family home daycares are small. However a daycare can run the gamut from a few children to staff and renovations.

Yea. They said 6kids. I think the traffic part is ok but just worried they could be more demanding (bringing home to code if any, or any other mods needed by the city etc) and if they dont get the business rtc. 

@Charles Carillo thanks for the quick reply. 

One more thing that worries me is that this prospect is not financially sound and will be getting a guarantor. This will be their first time owning a home childcare while they claim they have previously worked in the industry  and are licensed. 

I would surely ask for evidence of all of that, but should their lack of ownership experience and their reliance on a guarantor be a concern / redflags?

Hello!

I have a prospective tenant who wants to run a home day care. Any advice on what I should look out for, or any one here with experience with tenants running a home daycare could please provide some insights on pros, cons, risks and any potential maintenance or liability issues ?

I’ve checked with insurance, lawyer etc. they all say they will do whatever it takes ( rental dwelling policy, lawyer would add lease terms etc) but Im a bit worried this might be too much risk for not much gain. 

Thanks in advance.