Podknife - RPP - Senior Living vs. Multifamily with Daniel Morris by Jake and Gino Multifamily Investing Entrepreneurs

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RPP - Senior Living vs. Multifamily with Daniel Morris

Podcast |: Jake and Gino Multifamily Investing Entrepreneurs
Publisher |: Jake & Gino
Media Type |: audio
Podknife tags |: Business,; Investing,; Real Estate
Categories Via RSS |: Business,; Investing
Publication Date |: Oct 09, 2019
Episode Duration |: 00:18:49

Dylan Marma and Mike Taravella interview Daniel Morris, Principal of Senior Housing & Healthcare of Plains Commercial, to discuss the niche of Senior Housing.

Senior Housing is treated as a business that has real estate
Trend for more specialized senior housing
- More intensive care
- Less intensive care - active lifestyle/independent living
Operators of Senior Housing are generally specialized in 1 to 2 types of care max
Payroll is the number one expense in operations of Senior Living
Cap rates increase the more care is offered
Preferable Markets:
- Secondary & Tertiary Markets
- - Less Competition for Labor
- Primary Markets
- - Being close to young families
Expert Pro Tip: Partner with a vetted management company to learn systems and best practices

Contact Information:

Phone Number: (405) 445-5799

Email: daniel.morris@plainscre.com">daniel.morris@plainscre.com

Attend Multifamily Mastery 3 and use the discount code “RPFAM” for 20% off!

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