Leasing to Assisted Living Facilities

[Ryan Zachary]

I am interested in purchasing properties with the intention of leasing to assisted living facilities in my area. Anyone here have any experience in this?

The plan is to purchase a single family home, install ramps, grab bars etc. and contact local ALFs in the area who may be interested in leasing the properties. I suspect the challenge will be getting in contact with the right facility interested in leasing.

Thoughts?

Ryan

[Loretta C.]

Hi there,

I currently rent one of my properties to an ALF and I concur...they are wonderful tenants. They have been there for 8 years already. It has definitely been a win-win. I had to switch to a commercial insurance policy but the premium was comparable (my renters also have their own commercial policy). 

Best wishes,

Loretta