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Real Talk about Relationships, Real Estate and Regulations inside Senior Living

In this episode, the host dives into the three core aspects of senior living: relationships, real estate, and regulations. Erin explores the importance of balancing these elements to ensure the success of a senior living community. Through personal anecdotes and professional insights, Erin emphasizes the critical role that relationships play in enhancing occupancy rates and building trust. Erin also highlights the real estate lens of senior living, explaining the concept of Real Estate Investment Trusts (REITs) and their impact on the industry. Additionally, Erin discusses the often-overlooked importance of regulatory compliance and offers practical advice for leaders to navigate these components successfully.

00:00 Introduction: The Three R's of Senior Living
00:45 Personal Journey: From Naivety to Realization
03:07 Understanding Real Estate Investment Trusts (REITs)
05:05 The Corporate Lens: Real Estate and Relationships
06:22 The Importance of Relationships in Real Estate
07:40 Regulations: A Key Component of Senior Living
09:07 Balancing the Three R's for Leadership Success
11:32 Real Estate Perspective: Corporate and Community Views
18:03 Building Relationships: The Heart of Senior Living
28:28 Navigating Regulations: Lessons and Reflections
36:14 Conclusion: Embracing the Three R's for Sustainable Success

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Planning and Financing Senior Care: Insights with Erin Thompson

In this joint episode of the 'On the Mark Podcast and Financial Forum,' and Aspire for More with Erin podcast co-host and guest Erin Thompson and Mark Maimon discuss the complexities of planning and financing senior care. Mark and Erin shares their vast experience in senior living, emphasizing the importance of early, tough conversations and proper planning. The discussion touches upon the high costs of senior care, the impact of real estate decisions, and alternative financing options including cash-out loans, rental property income, and reverse mortgages. They highlight the tax implications of selling a home before and after a senior passes away, and the potential benefits of strategic debt use. Both Erin and Mark stress the significance of employing trustworthy professionals to navigate these financial waters, ensuring the best outcomes for seniors and their families.

00:00 Welcome and Guest Introduction
01:33 The Rising Cost of Senior Care
02:15 Planning for Senior Care Expenses
06:47 Common Financial Challenges for Seniors
11:23 Tax Implications and Financial Strategies
15:55 Alternative Financing Options
21:24 Emotional and Psychological Aspects of Senior Care
23:02 Real Estate and Rental Income Strategies
30:22 Disaster Relief and Senior Care
33:57 Final Thoughts and Resources

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We Never Had Control but We Can Create Influence

In the first guest episode of 2025, Erin welcomes Chris Heinz, owner of Westport One, a talent and recruiting firm specializing in senior living leadership. Chris shares his extensive experience in recruitment, emphasizing the importance of influence over control in effective leadership. They discuss best practices for hiring and retention, impactful interview techniques for both hiring managers and candidates, and the nuances of building a strong, positive culture within organizations. Chris also highlights the critical role mindset plays in achieving professional success and creating significant influence within the industry.

00:00 Introduction and Guest Welcome
01:15 Chris Hines' Journey into Senior Living
03:39 Key Insights on Hiring and Retention
05:27 The Power of Influence in Leadership
08:35 Challenges and Mindset in Senior Living
12:44 Building Effective Teams and Culture
21:24 Growth and Career Advancement in Senior Living
27:40 Creating Your Own Opportunities
28:36 The Power of Influence in Leadership
29:37 Maintaining Positivity and Mindset
30:59 Effective Interview Questions
32:39 Evaluating Candidates' Energy and Passion
34:50 Candidates' Questions and Their Impact
40:18 The Two-Way Street of Interviews
44:54 Generational Differences in the Workforce
46:20 The Right Seat on the Bus
50:04 The Impact of Conversations
52:32 Acknowledging Efforts and Closing Remarks

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Follow me on Facebook where I educate, equip and empower family members how to proactively care for their elderly loved ones.

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Join my email list where I will lift you up, and send tactile advice weekly to support you to grow your experience in your senior living career.