Mak K.
Experience with Renting to Home Health Patients
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.
Nana Sefa
Owner’s title insurance - to get or not?
12 March 2024 | 250 replies
That's when the regulations were put in place.
Jonathan J.
Question on learning path and selecting a niche, finding mentors, building a team
15 March 2024 | 5 replies
I would also recommend attending some local meet ups and talking to seasoned investors / agents (investment friendly/focused specifically) since they're the crowd you'd like to learn from.
Tommy Adeoye
Shaping proptech innovation through your input
15 March 2024 | 3 replies
The platform must align with investors' specific needs and preferences.Ultimately, the mission is to flip the script on prop tech and deliver a game-changing solution that tackles the pain points investors face head-on, empowering investors to reach their investment goals with confidence and ease.But here's the thing—we can't do it without investor participation.
Boffill Yosleys
Mid-Term Rentals Management in St Louis
14 March 2024 | 5 replies
Do you need a MTR specific PM?
Michael Zandona
Best Investment for Depreciation
14 March 2024 | 11 replies
@Michael Zandona While I don't recommend investing specifically for tax savings, if you're looking for properties with significant bonus depreciation potential, have you considered self storage?
Jonathan Molas
Renting to Assisted living company
12 March 2024 | 2 replies
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 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 to 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 to 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.I know tons of investors who are renting out their properties using this strategy here in Fort Worth.
Matt Salem
First post here!
14 March 2024 | 6 replies
If you ever have specific questions or need guidance, please feel free to connect.
Lucas Moncada
Is it all about the money?
15 March 2024 | 21 replies
While a $130,000 property might seem appealing, managing it from afar requires careful planning, considering travel costs, taxes, and legal obligations like understanding landlord-tenant laws specific to Kansas City.
Jaden Griggs
Looking for Pre foreclosures
13 March 2024 | 4 replies
FTC, California DFPI Case Leads to Ban Against Operators of Mortgage Relief Scam Home Matters USA | Federal Trade CommissionOffering to buy their homes and "Save their credit" or "Save them from foreclosure" could innocently put you in the state or federal regulator's crosshairs.