Zen and the Art of Real Estate Investing with Jonathan Greene

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


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. 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:

  • 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

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