Renting house to assisted living facility owner

Renting house to assisted living facility owner

Minneapolis, MN · Member since 2013 · 32 posts · 9 votes

Hi

I have been contacted by an assisted living company that is interested in renting my home to use as a small 4 client assisted living home. They currently have another assisted home in a different part of town that they run for 5 years and are looking to add my rental home as a second. I checked them out and they are fully licensed. Contacted my city rental licensing ( i live in one of those cities where landlords are required to have their properties licensed) and was told my only requirement with them was to have the basic city rental license. The tenant who would be operating this would be responsible for all licensing beyond that. I'm wondering if other landlord's have had experience with this and if this is something that has worked out or should be avoided? Thanks in advance for any help

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Member since 2019 · 3 posts · 15 votes
7y

how do you find an adult care facility to rent your house 

See this reply in the discussion

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  • Property Manager · Baltimore, MD · Member since 2014 · 1k+ posts · 1k+ votes
    3y

    My biggest concern/question would be to inquire about what kind of modifications they need to make to the home to make it work as an assisted living facility? Do they need to install ramps? Accessibility features in the bathrooms? Widen doors?

    If they do need to make modifications then who pays for it? Will they escrow money to undo the modifications when their lease expires?

  • Member since 2019 · 1 post · 0 votes
    3y

    I have a single family home in Baltimore county, MD. We can discuss it if you are looking for space for residential assisted living. 

  • Member since 2020 · 1 post · 0 votes
    3y

    I have a 4 bedroom 2 bath unit in Vallejo CA that I would like to lease to an assisted living operator, anyone know of any operators in my area or have recommendations on where to connect with some?

  • Rental Property Investor · Pgh/NYC · Member since 2014 · 8 posts · 8 votes
    2y

    From my understanding, the company renting/running it usually would act as a live-in property manager and would also handle the modifications.

  • Member since 2022 · 7 posts · 3 votes
    2y

    Conversely, I have a house in PA that I'm looking to rent out to an assisted living company.  But I know where to start. Any tips or resources to get in touch any of these companies, will be highly helpful. 

  • Member since 2022 · 7 posts · 3 votes
    2y
    Quote from @Ojam Dawson:

    Conversely, I have a house in PA that I'm looking to rent out to an assisted living company.  But I don't know where to start. Any tips or resources to get in touch any of these companies, will be highly helpful. 


  • Member since 2024 · 1 post · 0 votes
    2y
    Quote from @Adedayo Ojo:

    I am looking for a 4+ bedroom home to lease for 3 years to 5 years with an option to buy. I am interested in a home that is located within Houston-Katy-Cypress-Spring-Missouri City-Richmond area to turn into a residential assisted living. Anyone that knows a landlord that is interested in leasing let me know.

    I have a 2 story house, all 4 bedrooms are upstairs and it is in SW Houston. Let’s me know if you are interested. You can contact me at 8325985158. 
  • Member since 2023 · 2 posts · 0 votes
    2y

    Looking for a Rental Home for Assisted Living in Maryland for a client. Option to buy will be great too. Please let me know if you  have one or know any house rental for such purpose.

  • Member since 2024 · 2 posts · 0 votes
    2y

    I have a 3 or 4 bedroom in the Ettrick Virginia area that I’d like to lease/rent to a RAL. 

  • Member since 2024 · 4 posts · 0 votes
    2y

    Hi 

    I have a 5 rooms single story house in litchfield park az 85340. 2022 built

    regards

    Bobby

    9092721317

  • Member since 2024 · 4 posts · 0 votes
    2y
    Quote from @Doreen Ohene:

    Looking for a Rental Home for Assisted Living in Maryland for a client. Option to buy will be great too. Please let me know if you  have one or know any house rental for such purpose.

    I have 2 houses 

    4 bedrooms single story 2021 built

    3.5 bath san tan valley ax 85143

    5 rooms 3.5 bath litchfield park az 85340

    regards

    Bobby

    9092721317


  • Member since 2024 · 4 posts · 0 votes
    2y
    Quote from @Sophia Smith:

    I am looking for a rental property as well, for a residential assisted living or Adult Day Care. I'm considering lease with a 5 yr or 10 yr contract with a option to buy. I can only Speak for myself when I say. It is good to make this type of deal if you have a property that's hard to sell or sitting. My offer was 500.00 on top of the mortgage. So the owner also makes a monthly profit. Abd I do all upgrades and licences

    I have a 5 room and 4 room house in litchfield park az 85340
    Single story 2022 built
    Regards
    Bobby
    9092721317
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