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How Renting Out Your Home Can Pay for Independent Senior Living

  • mikeyillenberger
  • Jul 15
  • 2 min read

Making the Move Without Financial Stress: A Smarter Way to Transition into Independent Living

Moving into independent senior living is a big step—but for many older adults, the financial piece can feel like the biggest hurdle. What if we told you there’s a smart, stress-free way to afford it without dipping into your savings or retirement?

At Topanga Gardens Independent Living, we help seniors stay independent while turning their biggest asset—their home—into a source of monthly income.


💡 The Solution: Rent Out Your Home

If you own your home and no longer need the space (or upkeep), renting it out can generate the cash flow needed to pay for your stay at Topanga Gardens—often with money left over.


Example:

Let’s say your house rents for $2,800/month. A shared room at Topanga Gardens is only $1,500/month, all-inclusive. That leaves you with:

  • No utilities to worry about

  • No groceries or cooking

  • No maintenance headaches

  • And $1,300 in extra income


🏡 How We Help You Do It

We partner with trusted local property managers who handle:

  • Listing your home

  • Screening tenants

  • Collecting rent

  • Maintenance and repairs

You stay hands-off, while your home becomes your financial safety net.


🌿 What’s Included at Topanga Gardens?

  • Private or shared room

  • All meals and snacks

  • Utilities, housekeeping, and laundry

  • Daily companionship and activities

  • A peaceful, supportive, and affordable environment


👪 Make the Move—Smartly and Affordably

Many of our residents love the simplicity and freedom of independent living—without sacrificing the financial security they’ve built over a lifetime. If you or your loved one is considering the move, let’s talk about how we can help make it possible without selling your home or draining your savings.

📞 Call us today to learn more or schedule a tour: (818) 325-6870

 
 
 

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