Group Home Experience Anyone?

Question

Hi!Right now I invest in long term, medium term and short term rentals. As they are lucrative, I am looking to expand and dive into the group home community specifically in Austin, TX. I am still gathering information on the certifications and qualifications needed but does anyone have any experience or expertise in this field?

Christina J Allen · Answer

There is so much to tell you about group homes. But I would be doing you a disservice if I didn’t refer you to the ones who are teaching me everything I know.
go to the the website : www.grouphomeriches.com

It’s a shame that more REI aren’t doing this. But I sense a change is coming especially with the affordable houses CRISIS we are experiencing right now. I will be opening my first home in December and I didn’t even need a license to do it! Happy hunting everyone and i’d love to talk about it if anyone is interested.

Karen Chow · Answer

I'm actually looking into this too. You can rent your SFH to a non-profit like a NARR Level 2 drug recovery home. So far I've looked at Kate's House Foundation.

Tyler Haanen · Answer

I worked at my mother in law’s group home for a few years, so I guess I would ask what you mean by getting into them? Also I think you have to be more specific because people have different interpretations of “group home”. Specifically, the one I worked at was for young boys in transition away from family for a variety of different reasons.

If you are just trying to lease to existing group homes then I’d imagine it’s like any other commercial lease. They have a lot of different inspections they get regularly and I remember when she was trying to expand they wanted her to have a certain amount of reserves before allowing her to open a second location. This probably varies from state to state.

In terms of opening one yourself? That would be a totally different business venture and definitely challenging!

Denver McClure · Answer

Hi @Sidney Flood, I'd recommend connecting with @Christina J Allen. she is working on a group home strategy as well.

Group Home Experience Anyone?

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