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 followI hit the ceiling on my active deals and started underwriting a 12 room house that the current owner runs with two meals a day and weekly room cleaning. His rents are roughly 190…
I've run a small service business around these houses for five years, and the sentence I hear most from owners at closing is that the license transfers with the property. Then a f…
I've spent enough time in zoning files to know the difference between a use that's allowed and a use that's allowed after a hearing, and I'm now sitting between two boarding house…
I run services into three rooming houses and the owners all handle staffing differently, and after five years I still cannot tell which one is right. The live-in case: someone is…
Two houses in the same submarket right now. One is a 10 room licensed rooming house asking about 90k more than comparable single family stock, license current, inspection file cle…
Halfway through getting licensed and the boarding house owners I've met keep pushing me in two directions. One path is third party management. Fee is typically higher than convent…
I'm mostly looking at land and holding patterns, but a listing in a small town described itself as a rooming house with 9 sleeping rooms and 21 residents on the license. That conf…
Eleven rooms, three full baths and a half bath on the main floor. Code minimum here is one full bath per five residents, so I am compliant with room to spare, and my plumber has q…