Supported Living Connect for Property Investors
How can we help you?
We work closely with Registered Providers (RP’s), Community Interest Companies (CICs), Housing Associations (HA’s) and Integrated Care Boards (ICB’s) to understand the unique requirements of their clients. We identify the precise location and type of property required, what adaptations, if any, are needed to meet the needs of both the RP and our property investing clients.
Furthermore, we will negotiate the lease on your behalf, working with our trusted professional partners, and guide you through the entire process, delivering the ultimate, lucrative and hands-free income stream, whilst helping you support the more vulnerable in society.
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!