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13 March 2024 | 11 replies
WEC is a world class facility mere miles from the HITS brand (horse shows in the sun) facility.
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14 March 2024 | 8 replies
I lived in neighboring town of Poughkeepsie called Town of Lloyd - Highland, NY 12528 for more than 19 years its a nice and safe neighborhood with good school district, worlds largest walk-way over Hudson river, lots of trails, golf, biking, scenic drives with good hospitals in 5 miles radius namely: Nuvance Health Vassar Brothers Medical Center, MidHudson Regional Hospital, Saint Francis Medical, Health Quest Home Care and others...The latest addition which is getting constructed is The Village in Highland, NY - Assisted living facility.
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13 March 2024 | 11 replies
Not sure how many inquiries you'd get in CA but in NY, landlords have had success with apartments.com, homestay.com, and furnished finder.Facebook groups for the neighborhood and/or facility could yield some results for renter leads.
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12 March 2024 | 1 reply
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.
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12 March 2024 | 2 replies
Hi, I was recently reached out by someone who wants to rent my 3 br 1.5 bath and use it as a assisted living facility for adults.
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12 March 2024 | 3 replies
Hello,I have an opportunity to purchase a 8-bedroom/8 bath fully furnished property that was once used as a senior care facility.
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12 March 2024 | 2 replies
I am considering a long-term rent out to a business instead such as a care facility.
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15 March 2024 | 93 replies
You know, it only takes a phone call to reserve a large meeting room, holds about 250, if you clean up after yourself, it's totally free in a new facility, it called the Library.So long as there are no sales, no charges, not some income producing ploy at your meeting, you can use it.
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13 March 2024 | 8 replies
It's a unique facility that serves functional activity such as YMCA.
13 March 2024 | 19 replies
Too many kids toss them into a sub standard facility or leave them to fend for themselves, which is shameful.Now, I would be on the fence on this.