About

I have been in the property management business for the last 25 years. Managing commercial and residential portfolios for top real estate companies, CBRE, Forest City Ratner Companies, & and others, I offer extensive expertise and knowledge.

 

Why I Started SPI Group Inc.

In 2019, my father got sick. Already going through dialysis, he was then diagnosed with stomach cancer. To save his life, I did what I needed to take care of him, so I quit my job. My father was a proud person; he didn’t want to leave his home despite several requests to come live with me. He also hated the idea of living in a senior center; he thought it would make him depressed. Therefore, a transfer to an adult care facility was not an option either. He wanted to stay near his loved ones and not with strangers, and he thought moving to my house would complicate matters for me. In the end, I had no option but to make him comfortable where he had lived all his life and preferred to stay.

senior man mowing the lawn.
As I started taking care of him, I saw the property was not being looked after as I had hoped. The landscaper was not cutting the grass regularly or collecting all the leaves from the tree. After discussing with the landscaper and learning why the property was in such a state, I realized he and others, who were contracted to assist with the property, were not receiving their monthly payments for their services. During this time, I also received a letter from the mortgage company regarding nonpayment as well. I soon discovered my father had not made a payment on the house in nearly three months by calling the mortgage company.

Between learning of the news of significant debtors and service providers not receiving payments and the home itself’s overall condition with plumbing and heating issues, there was a lot to manage and keep up. I gave my father a list of debtors and providers who needed to be paid each month. I informed him that nonpayment of mortgage could result in foreclosure for a property he loved for so many years and felt proud to own.

As his health deteriorated further over the next several months, he asked me to take over the property management issues for him. I quickly started looking after all the operational matters like maintaining the property and the financial management behind these matters. I reported back to my father all property-related activities. Within a short amount of time, I addressed all the issues. I brought the property back to its proper status, the way it had been before the downgrading. The responsibilities here were the same I had dealt with for many years in my professional career. Because of my experience, it was effortless to manage and adapt to my father’s individual property needs.

Once his property was back to its proper standards, I started thinking about people similar to my father and his circumstances. Those who want to age in place would be going through the same problems. I knew I had to come up with a solution to allow others to remain in the comfort of their home. To allow them not to have to worry about all the upkeep required when being an elderly homeowner, and one who is not willing or ready to give up their property just yet.

So here we are in 2021, and I opened the business for that reason.

assisted living 1

Aging-In-Place vs. Assisted Living

According to the Genworth Cost of Care Survey 2021, the median monthly cost of assisted living in the Long Island area is $6,356. However, costs can vary depending on factors such as the location of the facility, the level of care needed, and the amenities provided. In general, Long Island tends to have higher costs of living compared to other areas in New York state, which can contribute to higher costs for assisted living. 

Aging-In-Place

  • The comfort of staying in one’s own home, surrounded by familiar surroundings and memories.
  • The ability to maintain independence and control over daily routines and activities.
  • The potential for cost savings, as in-home care can be less expensive than moving into an assisted living home. Monthly cost for Independent living: $4,000 – $8,000.
  • The flexibility to customize care and support services to individual needs.

Assisted Living

  • The loss of independence and control over daily routines and activities.
  • The potential for increased social isolation if the individual struggles to connect with peers or participate in activities.
  • Higher costs, which can be a financial burden for some families. Monthly cost for Assisted Living: $6,000-$13,000.
  • Potential for limited privacy and independence, particularly if living in a shared room.

With over 25 years of Property Management experience in world-class real estate companies in the New York Metropolitan area New York Metropolitan area