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All Forum Posts by: Gloria Grotjan

Gloria Grotjan has started 6 posts and replied 31 times.

Post: Seeking Property managers for Toledo Ohio

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9

Tagging @Dave Poeppelmeier - Hi Dave, do you have a recommendation for an electrician that could give me an estimate for some electrical problems at my rental home in Toledo? I currently have a property mgr but looking for an outside referral.  Thanks in advance.  

Post: Property Management in Toledo

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9

@Ronda Reid-Mohammed  Did you ever find a good property mgr in Toledo? I'm looking 

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9

@Steve Garcia - Thank you for the info. I think marketing is the key before you even get started with a home at least thats what I'm seeing from various comments and also Youtube videos.

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Steve Garcia:
Quote from @Amanda Paugas:

Does anyone have experience with owning/managing sober living houses? I’m looking at a portfolio of three homes, buying both the buildings and the business. Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc. Thanks!

Did you encounter any issues with neighbors or the city? 

 Hi Amanda,

I recently converted a mid-term rental into a Sober Living. I am the Owner/Operator. The home just opened and I have 2 residents in place. Biggest challenge is to network to build relationships with rehab facilities, detox centers, IOP/PHP clinics. I have a live in house manager that is also in recovery. House managers typically are offered free rent, but I am charging half until the house is filled. There are policy and procedures in place. House rules, meeting requirements, and chore's to mentions a few. 


Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Steve Garcia:
Quote from @Jared Galde:

@Steve Garcia first, LOVE that you're doing this! Curious what made you decided to operate the house yourself instead of Oxford House or another tenant organization who specializes in this?


Thanks Jared! My son is battling addiction which is where I discovered what a sober living home is. I wanted to open and operate my own to serve the need in my community to help bridge those gaps between families. I am in hopes he will join me in this venture.  


 Just curious if you've started the process of opening your first home and how thats going? Looking at opening a home this year in California but in the research stage and trying to learn from others.

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Zach Edelman:

These can be difficult to finance just an FYI. I know for DSCR especially, lots of lenders don't like sober homes unless there's truly no medical services offered.


 Key is to just mention it as an investment property

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9

Hi Steve,

Thanks for your post and info on Oxford House. Did you change your plans and decide to go back into investing in sober living homes?

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Steve Vaughan:

@Amanda Paugas I had one all set up until Covid hit and changed my plans.

I was partnering with Oxford House.  I think they operate in 36 states.

I would lease the house to them for an estimated but not guaranteed $x per room.   They apply their house rules to the guests so you aren't stuck trying to evict one that relapsed.   They can remove a guest in 2 hours if needed. 

They require meetings where the house chores and costs are divied up, a house mgr in charge, all that.   The guests pay Oxford, Oxford pays you.    Seemed like they had the process down.  


Post: Sober Living Rentals in CA?

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Lindsey Tyler:

Hi!

My husband and I are interested in renting out a home to a local Sober Living company in CA. We would not be managing it, just renting it out. Does anyone have experience with that in CA when it comes to taxes, insurance, etc?

Also, do these companies typically furnish the home and pay all utilities? 

We already have contacts that we will be connecting with for further local information, but would love to hear of others successes. We think it could be a great strategy but also a wonderful way to help out the community as I know its a huge need! 

Thanks in advance!


 I am looking into this as an investment strategy also - I have gotten alot of great info from YouTube a guy named Andrew Lamb that has several homes in CA and covers most of the questions you are asking. You need to make sure your home is located close to bus lines and stores as most will not have a car or transportation.

Post: Sober living house

Gloria Grotjan
Pro Member
Posted
  • Investor
  • Aptos, CA
  • Posts 32
  • Votes 9
Quote from @Jared Galde:

Just joining BP but this is my area of expertise, we manage 50 properties (own 43 of those) for sober living specifically. Glad to help if I can. Shoot me a message


Hi Jared - I am just starting to look into sober living homes as an investment strategy. My objective is to just offer housing but also someone who oversees the home and makes sure people are staying sober, going to AA meetings, doing chores in the home etc.  Just curious how you are running your homes? do you have someone managing each home or living in? I have watched some Youtubes and most operators say 3-4 bedrooms and 2 baths are ideal. Are you being paid by a local, state or federal program?  I've got alot of questions (LOL) but this is a good start.  Thank you in advance for your insights