All Forum Posts by: Marjorie Josaphat

Hi, 

Thanks for responding. It is big with over 20 rooms

Quote from @Carlos Suero:

Quote from @Kevin Lefeuvre:

@Kevin Vandenboss   @Gene Guarino

I own a large single family residential property in LA . I posted an ad for rent and the first 2 calls are from businesses who provide care home or assisted living servicing. I have never done any lease like this so far. Came here to learn.

Unlike most people here, I am not interesting in running or being involved in the business. I'm just a property owner looking to deal with an operator, just collecting my rent.

Can anyone tell me what are the things which are different compared to the traditional residential lease in California?

- Do I need a commercial lease ?

- Is there a potential zoning issue?

- Do I need a different insurance than the residential income property insurance?

- What is the rule of thumb for the rent (+15% above market?)

- What are the downsides for the landlord, compared to a traditional residential lease to a family for instance?

Many thanks in advance.

 Looking for the same exact info for a property in south Florida

 Hi Carlos,

I am also in the Los Angeles area. I am looking to do the same thing. I want to lease the property but I am not interested in running an Assisted  care facility. Were you able to get information on companies/individuals who lease for Assisted care facilities? 

Quote from @Kevin Vandenboss:

Yes, I have come across operators that do this. I handle a lot of assisted living facility deals here in Michigan, and have come across a few lease deals. 

I've seen it done two ways:

Flat rate lease - The operator signs a lease for a flat rate and runs the business collecting their rent and care fees from the residents. 

Per bed rate - Each resident has a separate lease agreement with the property owner, and a care agreement with the operator. Depending on the property and the level of care provided there, the residents pay $600 - $700/ month in rent that goes directly to you, the property owner, and has the care agreement with the operator for whatever their cost is. You take a bit of risk with that method, because if the place doesn't stay full you take a hit. There's also the upside to that. A fully occupied property with each resident paying rent ends up being significantly more than the flat rate rent. 

If you decide to move forward with this, let me know. I know of some operators that do this nation wide. 

Hello,
I see this post is six years old but I'm hoping you still know of operators that will lease assisted living facilities from owners. There is a site I'd like to purchase if I can find a company that would lease. Thank you

I am purchasing a place that used to be an assisted living facility. I want to lease out the facility to a company/corporation. Has anyone done this? If so, how did you find the companies/corporations that may be looking to lease? Thanks!

I am looking to find properties and owners of multifamily properties who would be interested in entering into a master lease agreement. What is the best way to look/research for owners? Los Angeles area. Thank you

Hi. I would love a ticket if still available. Thanks, Marjorie

Hi. I would love a ticket if still available. Thanks, Marjorie

Hi. I would love a ticket if still available. Thanks, Marjorie 

Please contact me if you have one ticket to sell. Thank you! Marjorie 

Hi. I am looking for one ticket if still available. Thank you, Marjorie