Author Topic: Leasing to Assisted Living Facilities  (Read 1112 times)

cantgrowfacialhair

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Leasing to Assisted Living Facilities
« on: September 27, 2016, 02:22:14 PM »
Hi there! I'm a long time lurker, first time poster. I am trying to contact Assisted Living Facilities in my area who may be interested in leasing single family homes from me. I have not had good luck with calling these facilities so I have developed an email that I plan on sending out to them and posting on their door. I am new to this so let me know how this sounds :) --

Dear  ____,

  I am an Alaskan Real Estate Investor and I am looking for Assisted Living Facilities in the Anchorage/ Mat Su area who are interested in partnering. I will be building new single story homes, outfitting them for ideal ALF operations (ramps, grab bars, handicap access, etc.) and leasing them to those facilities who are interested.

  I am contacting you to ask if you are interested in expanding or if you have current housing challenges?

  If there was ever a time to expand or increase your operations, now is it. Over the next 20 years, 80 million people in the “baby-boomer” generation will be reaching their retirement age. That is 10,000 retirees a day! As you most likely know, there is already an incredible demand for ALFs in Alaska. This demand is going to turn into a shortage very quickly over the next few years, and we have an opportunity now to capitalize and help this generation with their housing needs.

  If you are even remotely interested please contact me directly at the phone number or email listed below. I would be happy to answer any questions you have.

Sincerely,

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Also if anyone here has any experience in this I would be super thankful for any advice. Thanks!

Goldielocks

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Re: Leasing to Assisted Living Facilities
« Reply #1 on: September 27, 2016, 02:58:23 PM »
Don't assisted living facilities want multiple tenants ( rooms) to reduce costs of care and increase socialization?   My dad had a hard time managing a 11 room facility ( board member). Maybe include more on who the ideal occupant is, because I can't visualize what need you are filling.


Jack

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Re: Leasing to Assisted Living Facilities
« Reply #2 on: September 27, 2016, 03:05:40 PM »
I have some experience from the other perspective, as someone who lives in a neighborhood that includes houses that have been converted into things like assisted living, group homes, etc. My advice is to abandon this plan entirely unless you enjoy being thought of as a gigantic asshole typifying the worst qualities of an "absentee landlord."

If you want to own assisted living facilities, do it in an area zoned for multifamily property.

Goldielocks

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Re: Leasing to Assisted Living Facilities
« Reply #3 on: September 28, 2016, 02:19:57 AM »
Good point, assisted living can mean halfway houses and rehab, as well as seniors care. The former are more likely to rent than the latter.