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 followPosting the variance because the shape of it surprised me and I've since seen it in two other operators' books. Acquisition: 610k on an eleven room licensed house in a mid-size ma…
Fourteen months of looking, one purchase. Posting the numbers because the part I got right and the part that nearly killed it were both about the license, and I didn't expect eith…
First purchase, a five bedroom house in a working neighborhood, bought as a normal rental. The plan I talked myself into was renting bedrooms individually on separate leases, 525…
I spent six months researching, and my first real move was a conversion that never got permission to exist. The property: a 4,100 square foot 1920s house, six bedrooms, two baths,…
Two years in on a 10 room licensed house I took over with residents already in place. The number I actually track is average tenancy measured at move-out, and it went from 7 month…
The seller's agent said the house had "always been a rooming house." It had. Six rooms, all occupied, papers going back to the eighties. What nobody said, and what I never asked i…