RPP - Senior Living vs. Multifamily with Daniel Morris

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 9 October 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Attend Multifamily Mastery 3 and use the discount code “RPFAM” for 20% off! Invest with Rand Partners Follow Us on Linkedin @Randpartners Follow Us on Instagram @Randpartners Follow Us on Facebook @Randpartners

Transcript

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0:00.0	okay do you feel like we should get the ad answer welcome to the wheelbarrow profits podcast
0:07.3	rand partners edition what's up everyone this is dylan marma bringing to you the rand partners
0:16.3	podcast joined today by my co-host mike terravella how you doing today Mike just living the dream
0:21.9	making it happen Dylan and Dylan what do we have in store for our listeners today
0:27.3	really excited for today's show this is on a topic that we've had a lot of discussion on I know
0:32.4	several weeks back for a lot of our listeners you tuned in we got some great feedback on the show
0:36.3	with our fellow investor friend low hornbuckle who is speaking to us on some of the projects that he's worked on
0:42.2	and is currently working on in the senior living sector. Now, senior living is something that's
0:47.7	definitely caught our attention. It's something that we've been doing a whole lot of research on
0:51.1	and senior living in itself really incorporates several you know, several different types of assets. It, you know, incorporates your adult living, independent
0:59.5	living communities, which are usually on the, you know, the younger side of the age group that
1:04.7	are more active than you have your independent living. And then you have, beyond that,
1:10.3	you have your assisted living, and then you
1:12.4	also have your memory care, and then you also have nursing homes, which sometimes gets bucket into
1:17.8	it, sometimes is its own separate bucket. But today we have someone who's an expert at the space,
1:25.5	and really has taught us a whole lot about, you know,
1:28.5	the senior living space as a whole.
1:30.3	Today we have Daniel Morris.
1:32.3	He's the principal of senior housing and health care with planes commercial.
1:36.6	So welcome to the show, Daniel.
1:38.6	Hey, thanks so much for having me, guys.
1:41.6	Absolutely.
	...

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