We connect property investors with Registered Providers for Supported Living
Our mission is to connect property investors with Registered Providers to create high-quality homes for vulnerable people, whilst creating the ultimate handsfree, ethical and lucrative investment for landlords.
What is Supported Living?
Supported Living provides residential care for individuals who struggle with everyday tasks and activities due to disability or other health conditions.
It aims to promote autonomy and independence where possible, while ensuring personalised care and support is available.
The level of care provided can vary vastly from one individual to another, and it’s key that Landlords and Registered Providers work closely together to understand individual care needs before choosing and adapting a suitable property for Supported Living.
What do we do?
Here at Supported Living Connect, we are passionate in our mission to revolutionise the provision of housing available for Supported Living.
We have created a trusted community to connect investors, Registered Providers and trusted property experts, to create a win-win for all, and to create safe and secure homes for those needing a home, in which to flourish.
What do we do?
Here at Supported Living Connect, we are passionate in our mission to revolutionise the provision of housing available for Supported Living.
We have created a trusted community to connect investors, providers and trusted property experts, to create a win-win for all, and to create safe and secure homes for those needing a home, not an institution, in which to flourish.
7 reasons why landlords should lease their property to a supporting living provider
Social Responsibility
Letting property to a Supported Living provider allows landlords to contribute to a social cause. Supported Living services help individuals who have physical disabilities,
learning disabilities, or mental health problems to live more independently. So, this can be a way for landlords to make a positive social impact.
Hands-free investment
Supported Living providers prefer long-term Full Repairing and Insuring (FRI) or Internal Repairing and Insuring (IRI) leases (e.g., 3-20 years). This means you have no tenant issues. The Supported Living providers take on the responsibility of managing tenants, maintaining properties, as well as ensuring that the property meets the necessary health and safety regulations.
STABLE INCOME
Supported Living providers are government-funded or backed by large non-profit organisations, which means that the rent payments are reliable and guaranteed, and in some circumstances, income can exceed many other property strategies.
Reduced Overheads
The Supported Living provider is responsible for finding and managing tenants, as well as organising property maintenance, therefore your net income is typically higher than many other property strategies, as there are no letting, maintenance or cleaning fees.
reduced voids
As there’s a high demand for providing care and support services, there’s a lower
chance of your property lying vacant for an extended time. This offers landlords a secure income source for the lease duration, saving them from the hassle of frequent tenant changeovers.
Buy To Order
Eliminate the risk of buying the wrong property in the wrong area. We will advise
you where to invest, and how to develop your property for the specific needs of the Supported Living providers and their clients.
And most importantly…
TAX BENEFITS
This is the real icing on the cake!
By having a lease with a Supported Living provider, you are effectively taking a residential property and converting it to a commercial property. This means, depending on your personal tax position, landlords can take advantage of certain tax credits or deductions. These will minimise not only the tax on your property income, but also other taxable income streams e.g., your day job!
I don’t have a property or money, can I get involved?
Yes. All you need is a desire to immerse yourself in this ethical property strategy, and to make a life-changing difference for yourself, and those in need of support in a home environment.
But how? Where there’s a will, there’s a way. This could include:
– Securing a property on a purchase lease option from a landlord.
– Using property owned by other family members
– Having a rent to rent or management agreement with the owner of a property