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8 November 2024 | 31 replies
I don't have experience with renting to a sober living company, but I assume that they make a killing.These sober living and assisted living facilities are always showing up on Loopnet advertised at a cap rate of anywhere from 8-25% (not exaggerating... there are several in my area right now with a ~20% advertised cap rate)With returns like this, I can only assume that these types of properties are very high maintenance and labor intensive.You're not looking to be the business manager though, you are just looking to be the landlord who leases to the company who runs one of these lucrative operations.
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6 November 2024 | 1 reply
Hey Derek, not sure if I'm qualified enough to answer this, as it sounds like you are trying to commercially lease to a bigger box assisted living facility/company, but you could consider:- Leaving the residential as residential, subdividing, and building to suit residential assisted living homes.
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6 November 2024 | 2 replies
In the beams and wood plank flooring, we sanded and sealed with tung oil.
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6 November 2024 | 13 replies
@Brett Deas They are not forced to fill in facility and sometimes location is where they are not where they are going.
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4 November 2024 | 33 replies
But the facility is obsolete so that no self pay patient or insured patient would live there.
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7 November 2024 | 9 replies
Texas offers a diverse real estate market, from the tech-heavy Austin area to the sprawling suburbs of Dallas and the oil-rich Houston market.
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6 November 2024 | 29 replies
The man on the phone emails me the quote of $1000 to set the door on its track and oil it!
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1 November 2024 | 18 replies
I am looking for advice on how I can take appropriate action to warn future landlords and LPs about a deceptive and destructive executive-level tenant who is also a GP on real estate deals.I rented a fully furnished luxury executive rental in Raleigh to the CEO of a company that builds and operates healthcare facilities.
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2 November 2024 | 8 replies
His fast-response team and 24/7 guest support are crucial to smoothing over any bumps along the way, ensuring everything runs like a well-oiled machine.When we shifted to lessons learned, Ben couldn’t stress enough the power of social media.
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31 October 2024 | 5 replies
Here's what I’m considering for each:Houston: Diverse job market and high rental demand, but property prices are rising.Midland: Potentially lower property prices, but market stability often ties to the oil industry.Oklahoma City: Affordable market with decent rental demand, but I’m curious about long-term growth potential.Pittsburgh: Growing rental demand, especially in areas like Mt.