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.
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.