Renting to senior care centers / assisted living

Renting to senior care centers / assisted living

Member since 2018 · 2 posts · 1 vote

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.

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  • Rental Property Investor · Monterey, CA · Member since 2019 · 36 posts · 9 votes
    6y

    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

  • Real Estate Agent · Oceanside, CA · Member since 2016 · 20 posts · 2 votes
    4y

    @Michael Encoy, Did you happen to close on this lease?

  • Member since 2021 · 82 posts · 13 votes
    4y
    Quote from @Harry Singh:

    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.


     Hello Harry and everyone else. Your post's caught my eye. We are planning to purchase a small multifamily and use it for senior housing. We do not want an assisted living type situation, just housing that is suited for seniors (handicap accessible etc). What is the "senior care center"? Is it similar to assisted living where there are paid medical staff to come into the home ? Thank you

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