Renting to senior care centers / assisted living

1 Reply

Hello all, I have been contacted by pair of partners running a senior care center,  to run their business in my duplex. It's a 5 bed 4 bath house. What are the different aspects of this kind of rental and how much rent should be as compared to renting to a single family? Thanks.

Harry,

I am in the same situation.  Have you moved forward on this deal.  My concerns are:

Increasing insurance above the level of a landlord insurance to account for the commercial business that will be in my property.

I've seen figures of 5-7K per client living in these homes.  I was offerred $3500 (advertised $2900), how much were you offerred?

The property is located in CA FYI, since I know regulations vary from state to state.

Thank you.

-Mike