Rob Clark, Managing Director, OnePoint Partners
Rob Love, President/CEO, Love & Company
Sara Montalto, VP of Strategic Services, Love & Company
For senior living communities, non-payroll inflation has increased costs in general by nearly 15% over the past two years, while payroll costs have increased by even more. This has resulted in many communities suffering from either dramatically reduced margins, or in many cases substantial negative margins. Communities simply cannot absorb these costs, nor offset them by monthly fee increases alone.
In this webinar, we will address several steps communities can take to meaningfully increase revenues, and to better control expenses. Specifically, participants will learn:
- What is really happening in the real estate market, and how is that affecting home sales and home values? Where do experts expect the real estate market to go in 2023, and how will that affect sales?
- What flexibility do communities really have to increase entrance fees, and how should they go about doing that? And what other options do they have to increase revenues through pricing and contract modifications?
- What opportunities do communities have to better control and reduce costs, in ways they may not have previously considered?