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How Nestidd is changing the Residential landscape
Website: https://nestidd.com/home | Email: [email protected]
Twitter: @_Nestidd
I'm glad Andrew Parker agreed to this interview. I'm excited to share Nestidd's mission with you. They are a company focused on helping individuals with intellectual and/or developmental disabilities lease and maintain homes affordably.
They got their start by helping organizations that provide Residential services. Many of these organizations were not equipped to be property managers. The Direct Support Professionals (DSPs) were trained to help individuals with disabilities. Costs associated with owning and maintaining the homes were seldom a consideration of donors. This means owning houses can hurt their budget.
Nestidd buys the houses and leases them back to the agencies. This allows the agencies to focus on what they do well. Providing direct support to individuals with disabilities. It also means the homes will be well-maintained. Nestidd has dedicated teams around the country focused on repairs and maintenance. Nestidd will also serve as just the maintenance company for organizations that do not want to sell their properties.
The model of buying a home and leasing it back to the original owner will work with families. It could give families more security. They would be able to put the money from the sale of the house into a Special Needs Trust for their child. They would know how much housing is going to cost for their child.
The lease could be paid by an ABLE account. The Trust would not need to worry about repairs or maintenance. There would be no reason for concern about someone remembering to walk through the house at least once per year. Nestidd would have a vested interest in keeping the property in the best shape possible.
Nestidd benefits in two ways. First, they do not need to worry about vacancies. This can be a HUGE expense for landlords. Not just the lack of rent, but also the cost of getting a new tenant. Second, the house will remain with Nestidd when the individual with the disability moves or dies. This increases the number of units available for Nestidd to rent over time. This could provide opportunities for families who cannot leave a house for their children.
I encourage families who are thinking about leaving their home to their child(ren) to reach out to Andrew. Have a conversation. See if the Nestidd model makes sense for you. It's something I will be exploring with my clients. As Andrew says in the video, it's a "win-win".
As an Amazon Associate, I earn commissions from qualifying purchases.
For more information about True North Disability Planning you can find us here:
Web: https://truenorthdisabilityplanning.com/
Blog - https://ejorgensenwordpresscom.wordpress.com
Podcast (ABC's of Disability Planning) - https://anchor.fm/abcs-disability-planning
Waypoints - https://waypoints.substack.com/
Facebook: @TrueNorthDisabilityPlanning
Twitter: @NeedsNavigator
Resource store (free downloads too) - https://www.teacherspayteachers.com/Store/True-North-Disability-Planning
---
Send in a voice message: https://podcasters.spotify.com/pod/show/abcs-disability-planning/message
Support this podcast: https://podcasters.spotify.com/pod/show/abcs-disability-planning/support
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By ABCs of Disability Planning
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Website: https://nestidd.com/home | Email: [email protected]
Twitter: @_Nestidd
I'm glad Andrew Parker agreed to this interview. I'm excited to share Nestidd's mission with you. They are a company focused on helping individuals with intellectual and/or developmental disabilities lease and maintain homes affordably.
They got their start by helping organizations that provide Residential services. Many of these organizations were not equipped to be property managers. The Direct Support Professionals (DSPs) were trained to help individuals with disabilities. Costs associated with owning and maintaining the homes were seldom a consideration of donors. This means owning houses can hurt their budget.
Nestidd buys the houses and leases them back to the agencies. This allows the agencies to focus on what they do well. Providing direct support to individuals with disabilities. It also means the homes will be well-maintained. Nestidd has dedicated teams around the country focused on repairs and maintenance. Nestidd will also serve as just the maintenance company for organizations that do not want to sell their properties.
The model of buying a home and leasing it back to the original owner will work with families. It could give families more security. They would be able to put the money from the sale of the house into a Special Needs Trust for their child. They would know how much housing is going to cost for their child.
The lease could be paid by an ABLE account. The Trust would not need to worry about repairs or maintenance. There would be no reason for concern about someone remembering to walk through the house at least once per year. Nestidd would have a vested interest in keeping the property in the best shape possible.
Nestidd benefits in two ways. First, they do not need to worry about vacancies. This can be a HUGE expense for landlords. Not just the lack of rent, but also the cost of getting a new tenant. Second, the house will remain with Nestidd when the individual with the disability moves or dies. This increases the number of units available for Nestidd to rent over time. This could provide opportunities for families who cannot leave a house for their children.
I encourage families who are thinking about leaving their home to their child(ren) to reach out to Andrew. Have a conversation. See if the Nestidd model makes sense for you. It's something I will be exploring with my clients. As Andrew says in the video, it's a "win-win".
As an Amazon Associate, I earn commissions from qualifying purchases.
For more information about True North Disability Planning you can find us here:
Web: https://truenorthdisabilityplanning.com/
Blog - https://ejorgensenwordpresscom.wordpress.com
Podcast (ABC's of Disability Planning) - https://anchor.fm/abcs-disability-planning
Waypoints - https://waypoints.substack.com/
Facebook: @TrueNorthDisabilityPlanning
Twitter: @NeedsNavigator
Resource store (free downloads too) - https://www.teacherspayteachers.com/Store/True-North-Disability-Planning
---
Send in a voice message: https://podcasters.spotify.com/pod/show/abcs-disability-planning/message
Support this podcast: https://podcasters.spotify.com/pod/show/abcs-disability-planning/support
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