Senior Housing
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Senior Housing (by Gary [IL]) Jan 25, 2014 8:11 AM
       Senior Housing (by LiveTheDream [AZ]) Jan 25, 2014 8:43 AM
       Senior Housing (by Deanna [TX]) Jan 25, 2014 1:16 PM

Senior Housing (by Gary [IL]) Posted on: Jan 25, 2014 8:11 AM

State Specific Question About: ILLINOIS (IL) We have an older motel. Ten units, all one room. Been converted with stove and fridges. The wife and I are tired of single mothers, baby daddys, drunks and fellons, police calls and boyfriends. We are thinking of changing over to " Senior " only. Has anyone done this? Are there drawbacks?

Senior Housing (by LiveTheDream [AZ]) Posted on: Jan 25, 2014 8:43 AM

I've been switching to 55 plus. My problem has been getting older people who can deal with stairs to the upstairs units.

Otherwise there's been no downside. Nice, quiet people with regular incomes. The occasional family member comes to visit. No loud music, tenants get along, the only disturbance is when the oxygen delivery guy knocks over a bottle. :-)

If I had a studio motel, I'd do a demographic study starting with the occupancy levels of nearby assisted living homes and concentrations. I'd contact local senior centers, doctors and social services and see if there is in fact a market for lower income retirement studios.

If you have the market I'd do it in a heartbeat! Get set up with "Meals on Wheels," local senior bus transport, housekeepers and home health aides who tenants could hire, etc.

I think this is the future for the next 20 years. IF you have all one level or an elevator. --24.156.xx.xx

Senior Housing (by Deanna [TX]) Posted on: Jan 25, 2014 1:16 PM

re: being the future, one of the things I've heard is that if you want to make money, cater to the needs of the baby boomers. Your motel sounds like an exciting opportunity. --64.72.xx.xx

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