Cash Flow That Saves Lives: Inside the Sober Living Business Model With Jim Boad

What if your next rental property paid three times the cash flow and changed someone's life at the same time? Jim Boad went from watching 18 of his 20 properties stop paying rent during COVID to running 14 sober living homes with 12 more on the way in a town of just 11,000 people. He breaks down the full business model and what it really takes to get started.What we cover:How one property went from $2,400 to $8,500 a month using the bed-by-bed modelWhy sober living stayed full during COVID when traditional rentals collapsedThe OD on his first night open and why it made him go harder not quitInvestor vs. operator: two models and which one is right for youHow to open a sober living home in 60 days with no prior experienceWorking with the Department of Corrections: 20% of Jim's residents come from DOCWhy location near transit matters more than square footageThe one thing to do this week to find out if this path is right for youAbout Jim Boad:25-year real estate veteran turned sober living operator in Washington State. He runs 14 recovery homes under the nonprofit Shelton Housing First, authored Group Home Accelerator and coaches investors and operators to open their first home in 60 days or less.Chapters:00:07 - Intro + who Jim Boad is03:03 - The night he found the website at 11pm and bought the course05:45 - 18 of 20 properties stopped paying rent during COVID09:03 - Who walks through the door and what week one looks like10:22 - The first life saved: the man who came in with just a bag of clothes11:32 - The OD on his first night and what changed after16:31 - Inpatient clinic vs. sober living: what the difference actually is20:06 - Cash flow comparison: $2,400 vs. $8,500 on the same property22:26 - Converting a single family home without structural changes24:01 - Two models: house leader vs. hired operator29:29 - The Irish pub moment: his whole staff lives in his sober homes33:25 - How to find great operators35:43 - When operators are too mission-driven to run it like a business42:11 - 60 days to open: the week-by-week breakdown47:48 - Investor vs. operator model: who furnishes the home53:26 - Location and why transit access matters more than size54:11 - Working with the Department of Corrections57:24 - 14 homes in a town of 11,000 with a waiting list1:01:54 - One thing to do this week to start1:03:54 - HOAs: can they stop you and what the ADA says1:07:10 - Property condition: sober living vs. traditional rentals🔧 Tools & Resources 🔧Some links may be affiliate partnerships.📖 Group Home Accelerator: available on Amazon🌐 Jim Boad: jimboad.com💸 Deal Funding 360: app.dealfunding360.com/?ref=EdgarSalgado💤 Eight Sleep: https://refer.eight.sl/edgardsalgado🏢 Prime Corporate Services: https://primecorporateservices.com/?_...🏦 Foundational Funding: https://foundationalfunding.com/fundi...🛠️ Edgar's tools: https://linktr.ee/EdgartheConnector🔌 Don't forget to 👍 like, 💬 comment, 🔔 subscribe, and share!Instagram: @edgartheconnector | TikTok: @edgarsrei🚧 DISCLAIMER 🚧Not a CPA, attorney, insurance, contractor, lender, or financial advisor. Content is not tax, legal, financial or other professional advice. For entertainment purposes ONLY.