Discussion
I've been building a small service business around real estate and a friend of a friend runs two 6-bed care homes. She keeps telling me the money is in the care company, not the b…
Discussion
I am underwriting a 10-bed conversion and the exit assumption is doing more work than anything else in the model, so I want to see how this room handles it. Version A, real estate…
Discussion
I manage a handful of houses leased to care operators and the maintenance split is where every one of these relationships goes sour eventually. Option one, operator carries it. Le…
Discussion
Four homes in and I have hit the thing everyone warns about. My second house is my best performer and my third is dragging because the manager there is stretched. Adding a fifth 6…
Discussion
The two numbers everyone repeats are the oldest boomers hitting 80 in 2026 and senior housing inventory growth running around 1 percent in 2025, the lowest since NIC started track…
Discussion
Two houses I looked at this month and they are almost opposites. The first is a licensed 6-bed with all six beds filled. The seller wants a number that works out to roughly the ho…
Discussion
For about three years I've been doing conversion work on small licensed homes, trades side, which means I've seen the inside of a lot of these deals without owning one. Now an ope…
Discussion
I run two versions of the same 6-bed and they refuse to converge. Rural version. Three-bedroom-plus-den ranch in a county seat of about 9,000 people, 215k purchase, maybe 90k of c…