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How to get property to lease - why supported living providers should work with property investors 

Row of houses that could be used for supported living

I speak to a lot of supported living providers and very often they are struggling to get the property they need.  Many care providers and housing providers are unable to meet all the referrals they receive as they do not have access to enough property and find it hard to get property to lease.  I know you are looking for how to get property to lease and I think working with private property investors can be a solution and it can provide many advantages you may not have considered.  Here are 6 reasons why you should consider working with property investors to help you find property to lease:

  1. Build relationships to help you both achieve your goals 

Property investors often have a wide range of skills and experience you can draw on to help you find the property you need and to get it set up quickly. Building relationships with property investors can help you grow your business and be able to take on new referrals, while many property investors are looking to grow a supported living property portfolio. By working together and collaborating you can both achieve your goals. 

2. Help you find property 

Spend some time explaining what property you need and help them to understand your requirements. You can then leverage the expertise of the property investors, they often have great local connections to help them source property, that may not be on the open market. This can save you considerable time and stress. Property investors are often very creative and are able to see how to adapt and change a property that you may have discounted as being unsuitable.  

3. Have build teams to develop and adapt property 

Often property investors have a team of trades people they can call on to renovate and make adaptations to property. In the current market, reliable tradespeople are in high demand and can be challenging to find. Established property investors have relationships with their build teams and can often get work done more quickly. 

4. Quality property 

Taking time to explain what your tenants require and the level of adaptation and finish you need in a property, means the property investor can understand your vision and will help to deliver the kind of quality property you are looking for. 

5. Compliance 

Many property investors have done training and have access to big networks of experienced property professionals so they can support you on property compliance. There are many things to consider such as EPC, Gas safety check, Electrical safety checks, HMO licensing and regulation, the list can seem endless.  Property compliance can be complicated and fast changing and so having a trusted partner who is up to date on these issues can be a big time saver.  

6. Separation of tenancy and care

Relationships between property owners and care providers are under increasing scrutiny and so especially if you are working in regulated care provision then working with property investors can help to demonstrate the separation of tenancy and care provision.  

Obviously, you need to do your own due diligence on any property investor you are looking to work with, but building relationships with trusted property investors can be a great way to help you access more quality property and means you can get on with growing your organisation and supporting more people. 

Download my free guide "How to find Supported Living Property"or look at what we do in The Supported Living Property Network.

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