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What Should Assisted Living Look and Feel Like?

What should a Residential Assisted Living home look and feel like? When we talk about the look and the feel, it’s a home so it should obviously look like a home. Sometimes people try to take a commercial building and convert it into residential assisted living and it just doesn’t work as well. Mom grew […]

The Importance of Having a Business Plan

Do You really need a Business Plan?  There are two primary reasons why you should have a business plan. One is for you, one is for them. You need a road map, directions to get you to where it is that you’re going. Some of you are saying, “I’ve had businesses. I’ve been successful and […]

Overbuilding in Assisted Living – Part 2

Aren’t we overbuilding Assisted Living facilities?  When we talk about overbuilding, You should know that there’s a lot of inventory coming and there is a reason for that.  The need is HUGE and the opportunity is incredible. In our classes, one of the common questions we get is, “five years from now are we really […]

Is Assisted Living the Business for You?

Can you start an Assisted Living Business? A lot of people say, “I’ve never started a business before. I’ve never done anything like what you’ve done. Can I do it?” I want you to think about where you’re at today. Some of you are at a point in your life where you’re just going through […]

What NOT to do When Building Your Residential Assisted Living Team

Should you do everything yourself? You as an entrepreneur can do anything that you want to do. You’re capable. You absolutely can do anything you want. However just because you can do something yourself doesn’t mean you should. There is no ceiling, there is no lack of opportunity. On the other hand, if I was […]

The 3 Ways to Simplify Getting Started in Residential Assisted Living

There are three ways to simplify getting started in assisted living right now.  Buy an existing Assisted Living home  The one most people really would love to do this if you can, is buying an existing home that’s already up and running and operational. Some of them are for sale right now, but they’re not […]

The 3 Things That Could Ruin the Residential Assisted Living Market

The 3 things that could end the need for Assisted Living The three things that could absolutely wipe out the need for assisted living, The plague, I don’t think it’s coming back, do you? The expiration date, when you hit 50, they’d knock you off. They’ll do that in Hollywood, but I don’t think they’re going […]

The Daily Life of a Residential Assisted Living Owner

What is day to day life like owning an Assisted Living Home?  Well, number one, no day is the same. The reality is what you’re looking for is the manager to take care of business, find the residents, take care of the family, hire the caregivers. The day to day life that you have in […]

Lawsuits in Residential Assisted Living

Will I ever be sued?  In Residential Assisted Living you’re going to get sued, and let me explain why it’s no big deal. The reality is we understand what the liabilities and the risks are. We have insurance to protect ourselves from it. But when people move into our homes, they’re being taken care of, […]

How Can You Make Money in Residential Assisted Living?

How to make money in assisted living.  That’s what everybody wants to know. I’m going to share with you the three best ways to get started right now, making money in Residential Assisted Living. 1 – Own the real estate, lease it to an operator and make higher than market rent with a long term, […]