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We are so honored to bring on Patrick Legenzoff AKA ‪@TheSoberInvestor‬ onto the Affordable Housing & Real Estate Investing podcast! Patrick's story will inspire you so much as he tells his journey from recovery / rehab towards becoming a successful entrepreneur and millionaire... all while investing in a mission that helps SO many people by providing them with the right environment to recover and thrive!
Make sure you follow @thesoberinvestor on all his social media channels and TAKE NOTES because Patrick dropped SO MANY GEMS for you to implement once you decide to invest in Sober Living and / or Behavioral Health group homes. You'll want to listen to the entire episode as we covered the following topics:
1) Patrick's background and story / motivation for his mission-based investing journey
2) Difference between Sober Living vs. Behavioral Health group homes and the financial performance of his properties in the past
3) How to look for ideal markets / areas residents of Sober Living homes
4) How to pitch landlords to sublet your homes for sober living
5) How to hire a house manager for your Sober Living property and what responsibilities can you assign him / her
6) What to include in your lease for a Sober Living group home
7) How to deal with problematic guests or rule violations at your home
8) Why is Affordable Housing so hard to solve for!
Don't forget to follow Patrick on all his socials and visit his nonprofit to lear more about his mission! Patrick is currently looking for a business operations manager for his portfolio of investments, so reach out if you're interested!!!
Patrick's personal website:
soberinvestor.net/
Find out more about Patrick's nonprofit here:
www.soulrevivalinc.org/
Watch out for his future endeavors as he will be launching "INVEST WITH A PURPOSE" & "PURPOSE HOUSING" in the near future!
#soberliving #behavioralhealth #realestate #realestateinvesting #affordablehousing #insurance
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Disclaimer: we are NOT insurance agents and we are not providing any insurance advice re: appropriate coverages for your properties.
0:00 - Multiple Podcast Highlight Samples
00:41 - Market Analysis for Sober Living Highlight
01:53 - Intro
03:23 - How Patrick got started in Sober Living real estate Investments
05:44 - How Patrick got his real estate license despite all the obstacles!
09:19 - How Patrick committed to real estate by being in the right rooms!
14:52 - The Law of Attraction - tell others what you care about!
16:57 - Risks of Sober Living Investments - Job Loss!
17:32 - Sober Living vs. Behavioral Health - what's the difference?
20:36 - What are you looking for a sober living house?
27:02 - How to pitch landlords so you can sublet a home as a Sober Living residence?
28:45 - Level of service difference in Sober Living vs. Behavioral Health
35:27 - How to hire a manager for your Sober Living property?
38:01 - Responsibilities of a Sober Living House Manager
41:27 - Why you need to train your Sober Living House Manager!
44:12 - What to include in a lease for Sober Living residents?
46:43 - How to deal with rule violations at Sober Living Homes?
49:26 - Do Sober Living residents use the house as the mailing address?
51:28 - What Sober Living operating expenses can include
54:15 - Why record keeping is SO IMPORTANT for Sober Living investments - funding!
55:47 - $30M Exit in ONE YEAR from Behavioral Health?!
58:12 - There are so many ways to help people with housing!
01:06:31 - Why is Affordable Housing so hard to solve for?
01:09:25 - How to get in touch or contact Patrick?
DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.
All investments have risks. This is not an offer to purchase securities.