Located in Alston, Cumbria, this breathtaking and historic Grade II-listed country property is an impressive country manor house with over 500 years of history running through its bones.
Getting into any promising investment early is almost always a good strategy — especially in real estate. When it comes to investing in senior living communities, the time to act is now, says Sara Jung, founding member of Legacy Bloom Investments, LLC, and an expert on helping people obtain and execute passive income real estate strategies.
“Multifamily commercial real estate is a property that has more than five units — units being homes or dwellings — and can be anywhere from five up to 1,000 units in some places,” Jung recently said on “The Business Innovators Radio Podcast.” “Senior living is an example, and it’s one of those industries that is still in the early stages. With the number of Baby Boomers that are going to be aging, the opportunity is tremendous.”
As reported in the 2019 edition of the Population Reference Bureau’s “Aging in the United States,” the number of Americans ages 65 and over is projected to nearly double from 52 million in 2018 to 95 million by 2060, meaning the 65-and-older age group will make up 23 percent of the total population. The aging of the Baby Boomers — those born between 1946 and 1964 — could mean a 50 percent increase in the number of Americans ages 65 and older requiring some sort of elder care, which presents a unique investment opportunity.
“With senior living, you have the real estate component, and then you have the service component. This is where senior living starts to differentiate itself from typical multifamily property investing. Legacy Bloom focuses on independent living, assisted living, and memory care components,” Jung said. “Those living in independent living still have some needs — maybe they just need help with laundry, errands, maybe they need a ride, whereas assisted living is somebody that needs more help with some of the daily tasks; for example, they might need help with making sure they take their medication, or they need help with meal preparation or taking a bath. Memory care patients have the same needs of those in assisted living, but they need more intense help with their daily tasks, so you have a component of skilled nursing that comes into play at that point.”
All levels of senior living provide an investment opportunity — and sometimes they’re all under the same roof. “You might have independent living, assisted living, and memory care facilities all on the same site,” Jung says. “That’s what’s called ‘aging in place,’ so you can have somebody move from one stage to another within the same facility, and they don’t have the stress of another major move each time.”
The aging of the Baby Boomers — and the continual increase in life expectancy, which is currently just under 80 years, according to the 2019 United Nations “Revisions of World Population Prospects” report — could mean more than 1.9 million Americans 65 and older require some sort of elder care. There will also be a steep rise in the number of Americans living with Alzheimer’s disease, which could total more than 13.8 million people by 2050, according to the advocacy, education and support community Alzheimers.net.
While investing in any multifamily property may sound like it’s only available to the richest of institutional investors, Jung is confident that an investment in senior living is an opportunity within reach of many.
“There are plenty of larger investors out there, and they can buy projects all day long,” Jung said. “But this is really an opportunity for the working professional, the small business owner, somebody who has a family, somebody’s who’s looking to build their retirement with passive income streams and looking for opportunities to get better returns on their money.”
Real estate, particularly one with an almost guaranteed growth potential, can also be a safer way to invest money in a volatile market. “Stocks are an investment class where you just don’t have control. When you go in as an investor into one of these multifamily projects, you can control the decisions that are going to directly affect the type of income you can potentially earn,” Jung said. “You have an investment into a physical asset — you can see it, you can touch it, it’s there. Even with COVID, which is unprecedented and really a worst-case scenario, having money in that type of physical asset protects you more than if it had been in stocks or in an IRA.”
Perhaps the strongest argument for investing in senior living facilities now is the old lesson about supply and demand — and demand is about to explode. “When we look at the Boomers, who are going to start turning 80 in the next six to seven years, and we look at the supply of inventory that’s out there for senior housing, we already know that there’s going to be a shortage,” Jung said. “And that’s why this is the time to get in.”
About Legacy Bloom Investments, LLC: Based out of Northern California, Legacy Bloom offers real estate opportunities to investors who are seeking to improve their returns on their investments or diversify their portfolio. CEO and Syndication Partner Sara Jung has counseled hundreds of individuals over the years on various aspects of real estate investing and how to use financing as a tool for building wealth. For more about Legacy Bloom Investments, LLC, visit their website at www.LegacyBloom.com.
In this article with Small Business Trendsetters, Keith Hatchett, CEO, and Founder of LeasePAL shares how he combined two of America’s largest markets, Residential Rental Real Estate and Insurance. LeasePAL makes apartments more affordable for the renters & more profitable for the property owners, thus eliminating security deposits & the need to collect the last month’s rent on the move-in day, and also provides renters Insurance.
- It eliminates security deposits entirely
- LeasePAL’s Insurance Program always saves the prospective renter 50% off their move-in cost as opposed to the traditional security deposit program
- Renters can invest these savings into a tax-free retirement program through their System
- Includes Liability Insurance
- Includes a Credit Score Forbearance Agreement
- Boosts CREDIT SCORE thru unique OneTouch RPS (Rent Payment System)
- LeasePAL Market Scraper eases renting from LeasePAL Owners.
- Matches Residents to Properties
- Enjoy superior insurance benefits, including Involuntary Unemployment Protection
- Improves their Credit Scores with on-time rent payments
- Creates cooperative non-adversarial relationships with their Property Owners
- Provides a no-hassle experience on the lease expiration move out day
PROPERTY OWNER ADVANTAGES:
- LeasePAL costs Property Owners NOTHING!
- Increases Occupancy! (With only a 1% increase in occupancy, it increases property value by $3,000 per unit. Based upon $1800.00 monthly rent)
- Owner’s Subsidy provides a legal way to pay for normal wear and tear
- Insurance reimburses filing fees at the courthouse for evictions
- Reduces the cost of master liability insurance coverage
- Eliminates the need for Owner concessions
- Consolidates HO4 renter’s insurance
- Reduces administration costs
- Eliminates security deposits
- Insurance that protects against skips, evictions, abandonment, non-pays, and damages
LEASING AGENTS PROGRAM ADVANTAGES:
- Triple Paycheck Program
- Streamlined Technology System (Simplified Auto-Fill Process)
- Bonus Rewards Program
- Management Promotion Program
- Health Insurance Benefits Package Bonus Program
- State Of The Art Technology Enrollment System (LeasePAL’s
Academy Training School)
- Production Rewards Program (Quarterly Trips)
- Business Interruption Insurance Program
- Tax-Free Retirement Program (Top Producers)
LeasePAL’s Unique Business Method Enrollment Process:
LeasePAL’s enrollment process begins with the leasing agent at the rental property electronically completing LeasePAL’s standardized paperwork that allows the renter to move in 75% cheaper on the move-in day due to LeasePAL’s Deposit Exemption Insurance Policy.
Also, after paying LeasePAL’s onetime membership fee, the leasing agent then transfers the paperwork electronically to the property and casualty licensed insurance agent’s office at LeasePAL’s call center headquarters. The property and casualty agent at LeasePAL then collects the money (1/2 months rent) and pays the renter’s insurance policy and deposit exemption policy for the year. This allows the renter to experience insurance protection with no monthly premium payments related to the insurance policies. In summary, residents join LeasePAL after enrolling as a member with an onetime annual membership fee; then, they pay only the first month’s rent to the owner and an onetime half month’s rent payment fee to LeasePAL.
Starting in month two, the renter simply pays the rent to the owner using LeasePAL’s Mobile App. This technology allows the renter to pay their rent with a push of a button, and the renter’s membership in LeasePAL provides credit reporting for on-time lease payments.
Most rental units in the United States do not report to the credit bureaus. It is not fair that prospective renters get their credit scores pulled as part of the approval process but yet do not get credit when paying their monthly rental lease payments to landlord property owners. LeasePAL’s unique membership program rights this wrong and is a massive benefit for renters so that they can move to the next level of their life into homeownership by possessing an excellent credit score.
Benefits Of LeasePAL’s Integrated Member Process Technology:
- Advanced Payment System Benefits Owners & Residents
- LeasePAL’s System can interconnect to all property owner systems.
- Advertising – Attract & Screen model residents
- Lease Application is integrated into the LeasePAL process.
- Security & Loss Prevention
- Banking, Insurance and Underwriting Networks
- ERP/Accounting/Business Process
- Mobile Apps Reduce Loss
- Improve Inspection Documentation
- Residents Find Units, Make Payments, Receive Alerts
- LeasePAL’s World Class User Platform
- Leasing Agents will Love LeasePAL’s Systems.
- Find it Easier to Present and Enroll Residents.
- Property Owner’s LeasePAL Benefits Transferred Instantly
- Guides Residents to LeasePAL Properties
- Makes Finding A New Place Fun
- Advanced Technology, Network & Delivery
- Service-Oriented Architecture
- Integrating LeasePAL’s New Paradigm Market Scraper =
For more information, visit LeasePAL.com or email KeithHatchett@LeasePal.com.
This article is sponsored by https://goinsurancepal.com/.
Keith Hatchett, Veteran “Insurance Guru,” has developed a system that lowers the monthly premium of health insurance 50%, all while increasing the benefits 100%. Also, his System teaches you not only how to get someone else to give you the money to pay your deductible, but also shows you how to receive a large amount of money to pay your other bills (monthly expenses) when you can’t. These dollars are paid directly to the client/customer “Tax-Free.” This process of lowering the price and increasing the benefits simultaneously is called “Hatchettization” or the act of “Hatchettizing” your health insurance program.
Springtime heavy rains and thunderstorms may help the flowers bloom and make your lawn and garden look pretty. But they can also lead to expensive and inconvenient basement flooding if you do not take the proper precautions.
“In fact, many parts of the country have felt the sting of flooding in the last few years, especially in flood plains where banks overflow and rainwater simply has nowhere left to go on already saturated ground,” says David Ariano, owner of Ravinia Plumbing, Sewer, heating & Electric of Lincolnshire, IL.
“The truth is, if you’re concerned about your basement flooding with the heavy spring and summer rains, then there are things you can do to put the odds in your favor for a dry basement,” Ariano notes.
Is your house in a flood plain?
Knowledge is power, and knowing this is paramount. If you’re lucky enough not to be in a flood plain, you may still be at risk for flooding. The FEMA (Federal Emergency Management Administration) Flood Map Service tells you by location your risk of a flood occurring in your area. You can go to https://msc.fema.gov/portal/ homepage, enter your address, and view a color-coded map identifying your flood risk.
“As your friendly neighborhood plumbing specialist, we would be amiss not to remind you of the most common plumbing to do’s to prevent flooding,” continues Ariano. “The most important is installing and maintaining sump pumps with a back-up battery system and then followed by having your sewer line rodded, adding check valves on all the pipes entering your home, and applying waterproof sealants to foundation walls, windows, and doorways.”
DIY tips to help prevent flooding
“There are many other things you can do yourself to avoid water in your basement. And for the most part, they are relatively inexpensive.” shares Ariano.
1. Clean your gutters and downspouts now and after the leaves come down in the fall. If they are cluttered, the water can pour down from your roof and pool against your home, eventually getting in.
2. Extend your downspouts as far away from your house as possible. Three feet from the foundation is a good idea.
3. Regrade the surface around your home to make sure the water flows away from your home.
4. Check for cracks in your foundation where water can sneak in. Fill small cracks with epoxy. For more extreme cracks, call a professional.
5. Install window well covers. Clear acrylic covers allow light to enter, even as they keep out rain, leaves, and pests.
6. Purchase a generator for emergency power in case your power goes out and as added protection if your back-up fails. The generator will also help power essential appliances like your refrigerator.
7. To be safe, make sure you do not have important possessions, electronics, or essential papers on the floor. You don’t want them ruined if you do get flooded.
Ariano concludes, “And as a last-ditch measure, just in case everything else fails, it’s a good idea to make sure you have flood insurance.” Most standard homeowner’s insurance policies don’t cover damage from floods. To cover flood damage, talk with your insurance agent and buy flood insurance, a separate policy backed by the National Flood Insurance Program (NFIP).
About the Company: Ravinia Plumbing, Sewer, Heating & Electric is located in Lincolnshire, Illinois, and serves the North Shore and Northwest suburbs of the Chicagoland area. It provides services such as plumbing, heating and cooling, flood prevention, electrical work, retrofitting and remodeling, and a variety of commercial services. Ravinia Plumbing delivers a 100% money-back guarantee as well as transparent warranties on repairs and new installations. They are a licensed and insured contractor and one of the most trusted providers of Flood Prevention maintenance, including installing sump pumps, check valves, and sewer rodding, in the Chicago area. The company has been in operation and family-owned since 1928.
Ravinia Plumbing, Sewer, Heating & Electric
575 Bond St suite a, Lincolnshire, IL 60069
Blue is the Residential Administrator for Trinity Team at Keller Williams Preferred Realty.
In this interview, you will hear about how the Trinity Team is serving their clients during this COVID Crisis and how they approach this “New Normal” with custom “white-glove” virtual tours. She also discussed what buyers, sellers and landlords see as a refreshing change when working with the Trinity Team.
Blue commented that she loves the quotes: “True Customer Service means concern after the sale,” and from Andrew Carnegie, “the older I get the less I listen to what people say and the more I look at what they do.” She continued, “I absolutely love the deep relationships Trinity Team builds which enables us to now to serve children of our clients!”
The Trinity Team is committed to building rapport and relationships with their clients above all. She also emphasizes the importance of following through when you know a client’s preference.
Learn more about the Trinity Team’s keys to success in the residential, commercial, and property management real estate field and what makes the team unique in how they approach real estate, all in this informative interview.
This interview is available on iTunes, Stitcher, iHeart Radio and the Business Innovators Radio Network
Learn more http://www.TrinityTeamRealEstateCo.com
Trinity Team Real Estate Colorado
11859 N Pecos St, Westminster, CO 80234