In Wisconsin, Are Rental Weatherization Certificates Needed for Assisted Living Facilities?

In Wisconsin, the Department of Safety and Professional Services administers the certification of rental units for energy efficiency.  The certification helps ensure that rental properties meet applicable building codes, and (I suppose) that tenants of rental properties stay warm during the winter. Many real estate purchase agreements include language about rental weatherization.  This often raises […]

Valuation of Adult Family Homes

I recently attended the Wisconsin Assisted Living Association’s Spring Conference and a person asked me – how do you determine the value of a 4 bed adult family home?  I began my answer as usual, describing the income approach to value and how to capitalize the net operating income to determine value.  But it quickly […]

Feasibility Studies: Numbers Tell Part of the Story

A client recently asked us to complete a market feasibility study for an assisted living facility.  It was a typical project that included crunching the numbers of supply and demand for assisted living in the market.  We call this type of feasibility study a Desktop Study because we did not visit the market, interview likely […]

SOLD: 6 Bed Assisted Living Facility in Oak Creek, Wisconsin

UPDATE:  This property was sold and is no longer on the market.   This property is a community based residential facility located in Milwaukee County. The owner has managed the facility for many years but is ready to retire.  If you are seeking an established, smaller facility that has been consistently full and profitable, this […]