A boarding house is a property operated to rent individual rooms to multiple long-term residents, typically with shared common facilities and sometimes including services such as meals or cleaning.
Log in to followCareer changing into this and I've spent four months looking. Found a 9 room house, asking 310k, seller says all 9 rented at 540, so 4,860 a month, 58,320 gross. I pulled what I c…
Under contract at 288k on a nine bedroom house in an older neighborhood, currently rented whole to a single household at 2,650. Plan was to license it as a rooming house and run n…
Owner of a 14 room boarding house asked me to take over management from the guy who's been running it eleven years and is retiring in September. I've got the draft agreement on my…
Five years of doing turns and common area cleaning for a small operator with three licensed rooming houses. He's 71, wants out of two of them, and last week he asked whether I'd t…
Under contract on a 12 bedroom licensed boarding house in an older inner ring suburb. Purchase 690k, seller carry of 480k at 7.25% interest only for 4 years, balloon. I've got 210…
Small mill town, population under 4,000, two hours from anything. A former nurses' residence, 8 rooms, one shared bath per floor, big commercial-ish kitchen from the 1970s that ha…
An operator with a 22 room house reached out about contracting out what he calls resident services. Right now that means daily common area cleaning, weekly room linen, a hot break…
There's a house I've been circling for three weeks and I want to be talked out of it or into it before I write anything. What I have: 6 bedrooms, two full bathrooms, one shared ki…