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147: Giving Back and Investing with Sober Living Homes with Devana Came

147: Giving Back and Investing with Sober Living Homes with Devana Came

FromZen and the Art of Real Estate Investing


147: Giving Back and Investing with Sober Living Homes with Devana Came

FromZen and the Art of Real Estate Investing

ratings:
Length:
48 minutes
Released:
Jun 17, 2024
Format:
Podcast episode

Description

What if you could turn real estate into a vehicle for positive social change? On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Devana Came, a real estate investor passionate about creating high-quality sober living homes. Her own experiences with addiction influenced Devana's journey into real estate, and she's now on a mission to set new standards for these recovery environments. From transparency with landlords to the fine line between profit and care, Devana offers her insights for those who want to make a meaningful impact through real estate. Devana reveals how the design and furnishing of a home can affect someone's recovery journey. She explains that a hands-on, compassionate approach can make all the difference, turning sober living homes into sanctuaries rather than just profit-generating assets. Her approach contrasts with the detached, financial mindset that can lead to less supportive living conditions. Jonathan and Devana also explore the ethical considerations and regulatory standards key to maintaining high-quality sober living spaces, ensuring these homes uplift and support their residents. Jonathan and Devana delve into the challenges of managing a sober living home. She shares some practical methods for nurturing a supportive community, including dealing with NIMBY (Not In My Backyard) neighbors and staff dynamics. Devana also underscores the potential of new build projects and co-living arrangements to enhance the sense of community and support within these homes. Devana's experiences and advice offer valuable guidance for creating sober living homes that make a difference. In this episode, you will hear: Devana Came's personal story of overcoming addiction to real estate investing The main differences between owning and leasing sober living homes Creating transparency with landlords and the importance of community engagement The impact of thoughtful design and furnishing on recovery environments Some ethical considerations in sober living real estate investments Managing staff, conflict resolution, and reducing neighborhood opposition The financial and emotional rewards of investing in sober living homes The benefits of high-quality environments for resident morale and recovery outcomes Regulatory standards and distinctions between sober living homes and halfway houses Some of Devana’s strategies for successful operation, including the use of ADUs and co-living arrangements Devana's future plans and her mission to set quality standards in sober living homes Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/147/ to download it. Supporting Resources: Connect with Devana Came on Instagram - www.instagram.com/devanainvests Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Released:
Jun 17, 2024
Format:
Podcast episode

Titles in the series (100)

What if you could learn from experienced real estate investors, find out what got them to where they are now, get insight into their daily habits, and take these insights to inspire your own growth? That’s what each episode of Zen and the Art of Real Estate Investing brings. Hosted by Jonathan Greene, a real estate investor for more than 30 years, as well as advisor and coach, the founder of Streamlined Properties and the Team Leader of Streamlined Properties On-Market, brokered by eXp Realty, every episode is an in-depth look at the mindful approach to real estate investing. If you are looking to start from scratch, get to the next level, or just for a straightforward and honest approach to real estate investing, Zen and the Art of Real Estate Investing is the free mentorship program you can take with you anywhere.