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RAL Academy
Welcome to the Assisted Living Network, presented by RAL Academy, a podcast designed to help you discover how to successfully invest in the booming Residential Assisted Living market.If you're a real estate investor, you know how hard it is to find a profitable and fulfilling strategy in today's market. Methods of generating revenue that worked 10 years ago, don’t work today. Are you tired of low cash flow, high maintenance, and unhappy tenants? Do you wish you could make a difference in the world, not just a buck? Do you want your investments to build a legacy, not be a liability? Then you’ve come to the right place. If you have questions about investing in Residential Assisted Living, this is the podcast for you. Hosted by residential assisted living expert Isabelle Guarino, this podcast provides valuable information and analysis on the trends and opportunities in senior housing, with market insights to help you make informed decisions and gain a competitive edge in your business.This podcast is brought to you by RAL Academy, the nation's leading experts on residential assisted living. The RAL Academy has trained tens of thousands of investors and entrepreneurs on how to make the most of the lucrative investment opportunities in assisted living. We help entrepreneurs just like you learn how to turn residential homes into assisted living facilities for seniors, combining your passion for real estate with your compassion for people. This is not just a business, it's a mission. You'll learn how to build a business that generates substantial recurrent cash flow while providing a quality service for seniors that is in extremely high demand. With these short, easily digestible episodes, you'll learn everything you need to know about RAL – how to find, finance, and operate a successful RAL home, how to hire the best staff and market your home to potential residents, how to avoid the common pitfalls and mistakes investors make, and so much more. You'll also hear inspiring stories from other RAL investors, owners and operators who are making a difference in their communities and enjoying the rewards of their work. The Assisted Living Network is more than just a podcast, it's a movement... a community of like-minded investors who are passionate about creating wealth and serving others. We're here to revolutionize the senior housing industry and empower you to achieve your financial and personal goals. We'll share with you real-life experiences, insights, and tips on how to succeed with assisted living. We'll also interview experts, influencers, and leaders in the field who will inspire and educate you. Doing good and doing well… that's what Residential Assisted Living is all about. It's a way of investing in real estate that also makes a positive impact on the lives of seniors who need care and support. It's a way of combining profit and purpose, creating a legacy of compassion and service. If you're an investor who wants to do more than just make money, if you're someone who cares about people and wants to leave this world better than you found it, if you're ready to take your investing to the next level and create a lasting legacy, then this podcast is for you. Don't miss this opportunity to do good and do well with assisted living.Assisted Living, Impact Investing, Profitability, Senior Housing, Residential Care Facilities, Long Term Care, Memory Care, Investing in Senior Living, Marketing Strategies for Assisted Living, Passive Investing, Cash Flow, Real Estate Trends, Legacy Investing.
What Liability do You Need For Residential Assisted Living?
Are you ready to discover a vital, yet affordable necessity for your Residential Assisted Living (RAL) home? How to protect yourself in the residential assisted living business! You don’t want to miss this episode. It is packed with essential insights to help you safeguard your RAL business and ensure its long-term success. Isabelle shares this vital component that protects you, your seniors, and your staff.Find out how to secure your future and protect those in your care by prioritizing this essential coverage. For more tips and resources, visit our recommended asset protection companies and take advantage of the special perks available to our community.Resources Mentioned:Prime Corporate Services - https://www.primecorporateservices.com/Anderson Advisors - https://andersonadvisors.com/RALNA - ralna.orgNCH (Nevada Corporate Headquarters) - https://nchinc.com/💰 Want to get started in residential assisted living? Now is the BEST time! Check out our virtual and in-person training options at: https://residentialassistedlivingacademy.com/training/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
04:0715/11/2024
Top 5 Things To Renovate Before Getting Licensed In Residential Assisted Living
Are you ready to discover a vital, yet affordable necessity for your Residential Assisted Living (RAL) home?You don’t want to miss this episode. It is packed with essential insights to help you safeguard your RAL business and ensure its long-term success. Isabelle shares this vital component that protects you, your seniors, and your staff.Find out how to secure your future and protect those in your care by prioritizing this essential coverage. For more tips and resources, visit our recommended asset protection companies and take advantage of the special perks available to our community.Resources Mentioned:Prime Corporate Services - https://www.primecorporateservices.com/Anderson Advisors - https://andersonadvisors.com/RALNA - ralna.orgNCH (Nevada Corporate Headquarters) - https://nchinc.com/💰 Want to get started in residential assisted living? Now is the BEST time! Check out our virtual and in-person training options at: https://residentialassistedlivingacademy.com/training/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:1508/11/2024
Airbnb vs. Residential Assisted Living
Are you curious to know how a Residential Assisted Living (RAL) home compares to an Airbnb in terms of cash flow?Today we’re diving deep into why RAL homes are a game-changer for property investors. Isabelle highlights the growing potential of RAL homes and the growing challenges facing Airbnb owners.We’ll unpack the superior cash flow potential of RAL homes compared to Airbnb and share real world examples of the pitfalls of investing in Airbnb properties.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
10:4201/11/2024
How to Get Investors Onboard For Your Residential Assisted Living Project
Are you ready to master the art of pitching to potential investors and secure funding for your residential assisted living home?Join Isabelle as she breaks down the essentials of preparing for investor meetings, what documents you need to have prepared and how to build your confidence.This episode is packed with actionable insights to help you prepare for investor meetings, secure funding, and successfully launch your residential assisted living home. So let’s get started!Resources Mentioned:Money.comRAL101.comThe Real Estate Guys Radio Show event, Secrets of Successful Syndication - https://realestateguysradio.com/Pitch Masters Academy - https://pitchmastersacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:1225/10/2024
Find Your Niche in Residential Assisted Living
Ever thought about opening a niche care home for seniors? In this episode of the Assisted Living Network podcast, we explore how catering to specific lifestyles and interests can make your Residential Assisted Living (RAL) home stand out in a growing market. With 76 million baby boomers facing housing challenges, this could be your opportunity to create something truly unique.We’ll cover niche home ideas such as vegan dining, art therapy, wellness centers, religious communities, language-based homes, and even homes focused on specific exercise routines or genders. Discover how meeting the unique needs of seniors can set your RAL home apart and secure your financial future.Tune in to learn how niching down could be the key to success in the senior living industry. Follow the Assisted Living Network podcast for more innovative ideas on the future of senior care!Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:5918/10/2024
Can You Earn Passive Income with Residential Assisted Living?
Work 5 Hours A Week And Cashflow $10k Per Month?Today we are going to answer the question, how do I generate passive income through residential assisted living? While the business requires 24/7 care for seniors, it doesn't have to be you, the owner, doing the work. Isabelle breaks down what your limited involvement would look like.Set up your business for success from the start, and you can enjoy the financial freedom and time flexibility you desire.Resources Mentioned:RAL101 - ral101.comMoney.comResidential Assisted Living Academy (RAL Academy) - https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:0611/10/2024
Day Care For… Seniors?!
Are you ready to explore a unique and profitable way to enhance your residential assisted living home?We're delving into the innovative concept of adult day care and how it can benefit your RAL business. We’ll discover how integrating adult day care can secure your financial future and provide exceptional care for seniors.Join us as we explore this innovative approach and discover how it can help you achieve financial success and offer exceptional care.For more insights and strategies, make sure to listen to the full episode and learn how adult day care can transform your residential assisted living business.Resources Mentioned:Elderwell - https://elderwelladultday.com/Activage - https://www.activagecare.com/Townsquare - https://www.townsquare.net/adult-day-care/Residential Assisted Living Academy (RAL Academy) - https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:0104/10/2024
Top 3 Mistakes To Avoid In Residential Assisted Living
Are you ready to avoid costly mistakes and ensure your success in the residential assisted living industry?Join Isabelle as she uncovers the top three mistakes to avoid when opening your first residential assisted living home; mistakes that could cost you your entire business. These errors have led to devastating consequences, including financial ruin and personal hardship, for many aspiring RAL entrepreneurs, but this doesn’t have to be you! Tune in today and let us help you on your residential assisted living journey.Resources Mentioned:Residential Assisted Living Academy (RAL Academy) - https://residentialassistedlivingacademy.com/Predictive Index Test - https://www.predictiveindex.com/Fill Your Home Fast Course - https://members.ralacademy.online/courses/fill-your-home-fast/RAL 101 - RAL101.comSubscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:2227/09/2024
What You DON’T Need To Do In Your Residential Assisted Living Home
Are you curious about how to achieve financial freedom and minimal work hours in the residential assisted living industry? In today’s episode, we're unveiling the secrets to being hands-off while ensuring your business thrives. Isabelle shares two key strategies for becoming a hands-off owner while still maintaining cash flow.Let's dive in and discover how just one residential assisted living home could secure your financial future forever.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:1120/09/2024
Calling All "Betty Whites!"
Are you ready to uncover the secrets to thriving in the residential assisted living industry?We're diving into the critical demographics and care needs of your ideal residents. But this isn't a Golden Girls scenario; these seniors are moving in because they require essential care and support and today we'll discuss the various care options available.Tune in to discover and understand the economic and emotional considerations of different care options and how to cater to the unique tastes of the baby boomer generation.Whether you're new to the industry or looking to expand, this episode will provide valuable insights to help you succeed. Join us as we navigate the exciting and ever-evolving world of residential assisted living.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:1713/09/2024
How To Run A Residential Assisted Living Business Remotely
Can I run a residential assisted living business remotely?Join us as Isabelle explores the exciting possibilities of owning a residential assisted living home remotely. We'll discuss how to live where you want while investing where it makes sense, leveraging technology and systems to manage your business from afar. Isabelle highlights the process of building a reliable team and empowering them to handle day-to-day operations and shares valuable tools to accomplish your remote goals.Let's dive in and discover how you can secure your financial future with a hands-off approach to RAL ownership!Resources Mentioned:Grove Menus - https://www.grovemenus.com/Pantry Tech - https://techpantry.com.au/eMars - https://emarsinc.com/Care Predict - https://www.carepredict.com/Sling - getsling.comWhen I Work - https://wheniwork.com/QuickBooks - https://quickbooks.intuit.com/Trainual - https://trainual.com/Loom - https://www.loom.com/Zoom - https://zoom.us/RALA - ralaacademy.comSubscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
09:2106/09/2024
Live Where You Want, Invest Where it Makes Sense
What are the best states to run a residential assisted living home and business?Today we're exploring a crucial question for anyone interested in starting a residential assisted living home: What are the best states to do this in? With the growing number of baby boomers needing housing, there’s a significant opportunity for RAL entrepreneurs. We'll discuss which states offer the most advantages, the potential challenges, and how to decide what's best for you. Join us to hear Isabelle’s expert insights on the pros and cons of starting an RAL home in various states.Resources Mentions:RALNA - www.ralna.orgResidential Assisted Living Academy - https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:1530/08/2024
How To Vet Your Residents
How can I find the right residents for my home?Today’s episode features the essential steps in vetting potential residents for your residential assisted living (RAL) home. We'll explore the interview process, the importance of references, and the role of family dynamics in making informed decisions. These key areas will help you make informed decisions and maintain a harmonious environment in your home.Tune in as we help you navigate finding the right fit for your home’s culture, care staff and other residents!Resources Mentioned:The Katz Index of Independence - https://www.alz.org/careplanning/downloads/katz-adl.pdf"Fill Your Home Fast" course by Michael Marlowe - https://hello.ralacademy.com/fill-your-home-fast/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:0623/08/2024
How To Buy An Existing Residential Assisted Living Business
In this episode, Isabelle highlights that most good residential assisted living (RAL) deals are off-market. Soooooo, how do we find them? We'll explore the power of building relationships, the importance of sensitivity in negotiations, and the secrets to securing the best deals.Listen in to hear stories from real students who faced real challenges when selling their RAL homes. Learn from their experiences so you won’t repeat the same mistakes! For more in-depth training and insights, join us at the Residential Assisted Living Academy.Resources Mentioned:BizBuySell - https://www.bizbuysell.com/Residential Assisted Living Academy - https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:1816/08/2024
Location, Location, Location!
Does location matter when starting or purchasing an assisted living home?The short answer, yes! Today, we're diving into one of the most critical aspects of starting a successful residential assisted living home—location, location, location. With 76 million baby boomers in the U.S. facing housing dilemmas, this episode is packed with insights on why the right location is key to securing your financial future through RAL. Discover the pitfalls of starting small, the importance of demographics, and how to choose the perfect area to attract your ideal clientele. Let’s jump in!Resources Mentioned:"Is Your Home a Fit" Quiz - https://residentialassistedlivingacademy.com/my-ral-home-profile/Pinpoint: https://www.pinpointcommercial.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:0509/08/2024
How To Make $10k Per Month On A Single Family Home
How much money can a single family home bring in every month?Isabelle unveils her strategy for transforming a single-family home into a thriving residential assisted living facility. Discover how Isabelle generates $10,000 per month from a luxury home in Arizona!This isn't just about financial success—it's about creating a supportive environment for seniors in need. Isabelle's story showcases the immense potential within this growing industry, where compassion and entrepreneurship intersect. Whether you're considering entering this field or seeking to enhance your current operations, there's much to explore and learn. Stay tuned for more episodes where we continue to uncover innovative approaches to senior care and business success. Resources Mentioned: Genworth Cost of Care - genworth.com/costofcareRAL 101 - ral101.comSubscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:0602/08/2024
Is RAL a Recession-Proof Industry?
In today's episode, we'll be discussing the recession-proof nature of residential assisted living (RAL) as a real estate investment opportunity. Find out why residential assisted living is a smart, recession-resistant investment opportunity that aligns with the growing needs of the aging population. With the aging population and the increasing demand for high-quality senior care, discover how RAL has stood the test of time, even in the face of economic downturns and why it is poised to continue thriving in the face of future challenges.If you're ready to make a difference while securing your financial future, the time is now to consider the power of residential assisted living.Resources: Forbes https://www.forbes.com/sites/davidwestenhaver/2022/07/12/recession-proof-reits-senior-housing-demand-bounces-back-after-two-catastrophic-years/www.forbes.com/sites/forbesbooksauthors/2023/09/05/investing-in-residential-assisted-living/?Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:2726/07/2024
Pros and Cons of Sprinklers in Your RAL
In today's episode, we'll be diving into the crucial topic of fire suppression and sprinkler systems. We'll share information about valuable resources available through the Residential Assisted Living National Association, which can help care home owners navigate the process of installing these crucial safety features.Join us as we discuss the costs, benefits, and strategies for leveraging fire suppression systems to set your residential assisted living home apart from the competition.With the right approach and mindset, you can create a safe, thriving, and profitable residential assisted living home that makes a positive impact on the lives of seniors in your community.Resources: RALNA https://ralna.org/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:2019/07/2024
Sex In Assisted Living???
It can happen; and what do you do if it does in your care home?In today's episode, we'll be tackling the sensitive yet important topic of sexual relationships among seniors in residential assisted living homes.Tune in to discover our expert tips on handling sexual relationships in assisted living homes, including when to alert families and how to prioritize the safety of all involved. This episode offers valuable insights for care home owners and caregivers alike, to create an environment with open communication and proactive measures in addressing this sensitive topic.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
03:5912/07/2024
What Seniors DON'T Want in Your RAL
Many care home owners may be tempted to maximize their occupancy by offering shared bedrooms, but is this really the best approach?In today's episode, we'll be discussing a crucial aspect of senior living: privacy. While shared bedrooms may seem like a quick fix to increase revenue, there are several potential pitfalls for both residents and care home owners.Tune in to discover expert insights on the ideal percentage of shared bedrooms in a care home and the potential impact of shared spaces on your bottom line. In the world of residential assisted living, sharing may be caring, but privacy is key.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:1305/07/2024
What is the Best Way to Start a Care Home?
What is the best way to start a care home or enter the residential assisted living business?In today's episode, we'll be discussing the top four ways to get started in this rewarding field. Whether you're a seasoned real estate investor or new to the world of assisted living, understanding these options can help you make an informed decision and take the first steps towards securing your financial future.Each method has its own advantages and challenges, and the best choice for you will depend on your unique circumstances, goals, and resources. 1. Ground Up Build2. Leasing a home3. Converting a single-family home4. Buying an existing businessWhen deciding which method to pursue, it's essential to remain open to opportunities and seek guidance from experienced professionals. The Residential Assisted Living Academy offers training courses to help navigate these options and avoid common mistakes. By understanding the pros and cons of each approach, you can make the best choice for your unique situation and goals in the rewarding field of residential assisted living.Success in this field requires a combination of knowledge, passion, and adaptability. Resources: RAL Academy https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
09:0428/06/2024
Not a Medical Professional? That’s Okay!
Do you need to be a doctor or nurse to open and operate a successful residential assisted living facility? In this episode, we'll examine the benefits of having a medical background in this field and provide insights for those without a healthcare-related education. So, whether you're a medical professional looking to start a care home or a passionate entrepreneur eager to make a difference in seniors' lives, this episode is for you.While having a medical background can provide numerous advantages when opening and operating a residential assisted living home, it is not a prerequisite for success in this field. By understanding the responsibilities of your staff, partnering with healthcare professionals when necessary, and focusing on providing the highest quality of care, you can create a thriving and reputable care home that gives seniors and their families peace of mind. Remember, your passion for helping others and your dedication to creating a safe and nurturing environment are the most essential ingredients for success in the rewarding world of residential assisted living.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:2421/06/2024
What You’ll Never See in Our Homes…. Unpaid Rent is a Thing of the Past!
What happens if a resident stops paying for their care? Do you have to kick them out onto the streets?When a senior moves into a residential assisted living home, it's typically not the resident themselves paying - they've assigned a Power of Attorney (POA) to handle their finances and care decisions. The POA, often an adult child, signs an agreement with the home and is responsible for making payments. So what happens if they stop paying?In this episode, we cover:- How a lapse in payment is considered elder abuse, similar to abandoning a child at daycare, and the legal repercussions the POA could face- Options the care home has if a resident's family starts to run out of money, such as moving them to a lower-cost room or facility- Cases where the home may work with the family to keep a long-term resident at a reduced rate- The importance of balancing compassion for the resident with the business interests of the homeWhile extremely rare, especially in high-end homes, a complete cessation of payment could lead to authorities getting involved. However, most families communicate proactively if facing financial issues, and the home will seek solutions to avoid resident displacement.Tune in to understand how to handle this sensitive situation if it arises. Discover how you can do right by your residents while protecting your RAL business.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
09:0214/06/2024
How Can You Afford Assisted Living?
Are you prepared to afford the care you or your aging loved ones may need in the future? In this episode, we explore how to navigate the rising costs of senior care, especially for the 76 million baby boomers facing housing dilemmas. Listen in as we break down various payment options, from government programs like Medicare and Medicaid to personal assets such as savings and long-term care insurance.Discover the importance of proactive financial planning and the potential need for adult children to support aging parents. We'll also discuss innovative solutions like the Assisted Living Waiver Program in California, which provides beneficial options for low-income seniors and individuals with disabilities.It is imperative to be financially prepared for the growing "silver tsunami" and the care needs of aging loved ones. Whether it's tapping into VA benefits or considering starting your own residential assisted living home, you'll come away with valuable insights on securing your financial future. Don't wait until care is needed to make a plan. Tune in now to learn how you can take charge of your long-term care costs and face the challenges of aging with confidence. Your future self will thank you.Resources:California Assisted Living Waiver Program:https://www.dhcs.ca.gov/services/ltc/Pages/AssistedLivingWaiver.aspxSubscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:2907/06/2024
Are You Leaving Your Kids Burdens? Pass on the Blessings!
Did you know that a staggering 70% of family businesses fail when passed to the next generation? For the millions of baby boomers grappling with housing and elder care concerns, this is a daunting reality. But what if there was a solution that could provide significant income, care for loved ones, and secure your legacy?In this episode, we'll dive into the world of residential assisted living. Listen as we discuss how these homes can generate substantial cash flow while requiring minimal time to operate. Discover how they simultaneously solve the pressing need for quality elder care within your own family.Learn the keys to creating a lasting legacy through generational planning and documentation. With the cost of elder care continuing to rise, you'll hear how residential assisted living can protect your assets, fund your retirement, and leave a blessing for your children and grandchildren. If you want to learn more about building a thriving residential assisted living business, be sure to check out the RAL National Convention, where industry experts and owners share invaluable insights. Resource:Get your tickets at ralnatcon.com.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:0631/05/2024
Can I Utilize Hospice in My Care Home?
Have you considered working with hospice agents to connect with residents to fill your home?In today's episode, we'll be discussing hospice care and how it can benefit both seniors and assisted living homeowners. We'll explore what hospice is, where it can be provided, who pays for it, and how assisted living homeowners can build relationships with hospice agencies to help fill their beds. Whether you're a senior looking for end-of-life care options or an assisted living homeowner looking to expand your network, this episode has something for you. Hospice care, also known as palliative care, is for people with a serious illness or approaching the end of life. It's not just for the last few days or months of life, and people can receive hospice care for years as long as their condition remains serious. Hospice care is an approach to care, not a location, and can be provided in hospitals, nursing homes, residential assisted living homes, or at the person's own home.As an assisted living homeowner, building relationships with hospice agencies can help you fill beds and provide an extra level of care to your residents. If you're looking to learn more about the residential assisted living industry and how to succeed in this growing field, be sure to check RAL101 on our website. You can find the link below in our resources section. There, you'll find a wealth of resources and tips to help you on your journey. Resources:https://residentialassistedlivingacademy.com/ral101/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:0324/05/2024
The Fastest Way to a Waiting List for Your Care Home- MARKETING
Wondering how to fill your residential assisted living beds quickly - and keep them full? In this episode of the Assisted Living Network podcast, we're sharing top strategies for marketing your RAL home. With 76 million baby boomers facing housing dilemmas, opening a RAL home presents a tremendous opportunity... if you know how to get the word out.Listen as we cover the most effective ways to build trust and attract residents, from hosting open houses that showcase your home's unique appeal to positioning yourself as the go-to expert in your community. We'll highlight success stories like a RAL owner who literally wrote the book on assisted living and another who leverages social media to introduce her home, staff, and residents.We also dive into the power of participating in local events, nurturing relationships with key referral sources, and genuinely giving back to your community. While tools like email newsletters and placement agent partnerships play a role, you'll learn why authentic relationships and a stellar reputation are the true keys to RAL marketing success.Tune in for advice on crafting your marketing mix with heart. Discover how to become THE assisted living resource in your area - and keep a waiting list long after your doors open.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
15:1917/05/2024
Top 3 Ways to Fund Your Residential Assisted Living Home
"Using your own money for investment is a lazy approach."That is the sentiment of famed author and businessman, Robert Kiyosaki. In this episode, we'll dive into the importance of using other people's money (OPM) to fund your assisted living ventures and why relying solely on your own resources can be a lazy approach. Listen as we discuss three key ways to leverage OPM and take your investments to the next level.1. Private Money - Who wouldn't love to earn 10-15% on their money?2. Bank Loans - Think local.3. Syndication - Sometimes two or more lenders partnering together is better than one.Using other people's money is a smart and effective way to kickstart your residential assisted living journey. Whether you opt for private money, bank loans, or syndication, remember that preparation is key. Have your business plan, pro forma, and pitch ready to go, and don't be afraid to build relationships and ask for introductions. The assisted living industry is ripe with opportunities, and by leveraging OPM, you can secure your financial future while providing a valuable service to your community. Stay prepared, stay persistent, and keep pushing forward – your success in residential assisted living is just around the corner.Resources:Secrets of Syndication Seminar: https://realestateguysradio.com/soss-anl/RALAcademy 3 Day Fast Track Training: https://residentialassistedlivingacademy.com/fast-track-live/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:2710/05/2024
Our Caregivers DON'T Live-In!
The housing dilemma facing the 76 million aging baby boomers is creating new opportunities in residential assisted living facilities. In this episode, we’ll discuss the pros and cons of having live-in caregivers to help inform the staffing decisions for your own assisted living home. We will explore various perspectives on managing this unique employment relationship that provides constant care for your residents but has some significant risks. We will also consider area norms and tips to minimize drama and turnover when building your team.There are pros and cons to having live-in caregivers in an assisted living facility. Pros may include knowing there is always someone at the home, and if your home has a basement, it could be an efficient use of space. However, the cons include the possibility of some extremely sticky legal issues if their employment needs to be terminated.Finding and retaining quality caregivers is key to an assisted living facility’s success. Listen as we consider the benefits and pitfalls of live-in staffing models to make the best decision for your residential assisted living home to maximize your income potential. Your caregivers are the heart of the service you provide, so implement strategies to keep drama low and tenure high.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:5603/05/2024
Dr. Dolittle's Assisted Living?!
Should assisted living homes allow seniors to bring their pets?In this episode of the Assisted Living Network podcast, we're exploring an interesting question. Pets can provide comfort and emotional support for older adults, but they also come with some practical challenges in a care home environment. We'll weigh the pros and cons so you can make the right decision if you choose to open your own assisted living residence.When considering pets, RAL homeowners must balance benefits and practical concerns with residents’ well-being as the priority. Companion animals profoundly reduce isolation and boost mood for many older adults. Yet they also pose fall risks, may trigger allergies, and create caretaking burdens in facilities. As operators, our role demands thoughtful compromise through a compassionate lens – perhaps allowing certain pets or structured visiting programs. Listen as we discuss creative solutions that can allow seniors access to pets while addressing safety needs.Resources:Joy For All - https://joyforall.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:4126/04/2024
How COVID-19 Helped Us Grow Our Senior Housing Business!
The COVID-19 pandemic reshaped many industries, but one of the most profoundly impacted was senior and assisted living facilities.In this episode, we discuss the effects of the pandemic on big-box facilities versus smaller residential assisted living (RAL) homes and what that means for residents and investors today. As the virus spread rapidly through nursing homes and large big-box assisted living centers, leading to many devastating deaths, a light began to shine on the significant differences in care between these corporate facilities and smaller RAL homes. During the pandemic, big-box facilities struggled with a variety of challenges. They experienced frequent staff turnover, struggled to maintain oversight over visitors, and had to cope with the isolation of residents. In contrast, RALs managed to uphold a semblance of normalcy with stringent visitor policies and efficient tracking of potential infections. While the death counts at larger facilities were alarming and heartbreaking, RALs fared much better. With less than 8% of COVID cases, they provided better care and staff-to-resident ratios. As a result, RALs became much more popular while the reputation of big-box facilities took a significant hit.With the baby boomer generation transitioning into senior living in the coming years, the demand for RALs, offering comprehensive wellness and compassionate care, is projected to skyrocket. This presents a prime opportunity for small providers to cater to this expanding market of potential residents seeking alternatives to big-box facilities. Seizing this opportunity now and aligning with the shift away from traditional nursing home models could pave the way for long-term success.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:2819/04/2024
Why Our Homes Are Better Than Theirs
Did you know there are no mandated staffing ratios in the assisted living industry? Concerned? You should be.In this episode, we discuss why resident-to-staff ratios are central to providing high-quality care and provide some insights into appropriate and recommended ratios for smaller residential assisted living homes. In many typical big-box assisted living facilities, ratios are around 20-30 residents per caregiver during the day and 40-50 residents per caregiver at night. These poor ratios contribute to bedsores, injuries, and death. The stressful work environment and long hours lead to high staff turnover and inconsistent care for the senior residents. However, in smaller residential assisted living homes, you can rest assured that better ratios are maintained, usually around 4-5 residents per caregiver during the day and 8-10 residents per caregiver at night. Listen for smart tips on marketing your own residential assisted living home. Showcasing significantly faster response times to resident needs versus large corporate competitors will help you stand out. Get ideas for highlighting your dedication to safe ratios and quality care.If you’re looking to place a loved one in a setting focused on personalized care or want to open your own caring residence, this episode is a must-listen. You’ll walk away better informed about the pressing need for regulating staffing ratios and the solutions residential assisted living homes provide. Resources:Mercury Alert - https://www.mercuryalert.ai/CarePredict - https://www.carepredict.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:5812/04/2024
Should You Quit Your Job to Take Care of Mom?!
With 10,000 baby boomers turning 65 every day, many families are facing difficult decisions about eldercare. Is it cruel to move your loved one out of their home into an assisted living facility? In this episode, we’ll explore the compassionate and practical reasons why you want to consider this option. Most dual-income households simply cannot afford to quit jobs to provide 24/7 at-home care. At the same time, the costs of hiring an outside caregiver can equal those of assisted living facilities, which provide specialized senior housing and trained support staff. Retrofitting a home for senior living needs is also prohibitive, as adding ramps, walk-in showers, etc., takes both time and money. And for those attempting to be full-time caregivers, the physical and emotional strain can damage health and relationships.The choice to move a senior loved one into assisted living is complex and emotional. But with trained professionals, specialized care, and social engagement, these facilities allow families to ensure their loved ones’ needs are met with dignity. As the sandwich generation struggles with competing priorities, assisted living often emerges as a difficult yet caring solution. There are no easy answers, but understanding the rationale behind this choice is the first step.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:3905/04/2024
4 Ways to Get Started in Residential Assisted Living
Are you considering opening a Residential Assisted Living home but not sure where to start or how long it will take to get up and running? Good news! In today's episode, we’re diving into the nitty gritty of timelines and preparation methods for getting a residential assisted living facility up and running. There are four viable options, each with its own pros, cons, and timelines. Listen as we break down the details of leasing, buying existing businesses, new construction, and renovation so you can determine your best path forward to start serving seniors in your community. And remember, no matter which option you choose, the key is being educated on the requirements and considerations for your state and local area. By getting the proper training upfront, you’ll be able to avoid costly mistakes and speed up the process. As always, reach out to us here at the Assisted Living Network Academy if you need guidance in exploring the best preparation method for your assisted living facility dreams. The rewards of providing quality care to seniors makes all the planning a worthwhile endeavor. Resources:Residential Assisted Living Academy - https://residentialassistedlivingacademy.com/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
09:3129/03/2024
Save Yourself From $50k in Mistakes
Have you considered opening your own assisted living facility? With over 76 million baby boomers in need of senior housing, it can be an incredibly lucrative move. However, costly mistakes in the startup process could derail your plans and rapidly drain your funds. In today's episode, we reveal some inside tips on the most common costly mistakes made by new assisted living homeowners, along with simple solutions to avoid them.From overlooked plumbing issues to poor construction planning, missed timelines to not understanding local regulations, we’ve seen owners lose tens of thousands from small oversights. But you can dodge these pitfalls by educating yourself, investing in good guidance to prep your property, and managing your budget. Learn how you can set yourself up for success well before taking in your first resident. Resources mentioned in this episode:Assisted Living Network: assistedlivingnetwork.com RALAcademy 3 Day Fast Track Training: https://residentialassistedlivingacademy.com/fast-track-live/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:4322/03/2024
What’s the Difference Between Memory Care and Residential Assisted Living?
Deciding if your loved one needs more advanced memory care can be an incredibly difficult decision. In today's episode, we’ll break down the key differences between assisted living and memory care to help you determine what level of care may be required. We’ll also provide some telltale signs that it may be time to transition to memory care and tips to make that move as smooth as possible. Here are a few signs that it may be time to transition a loved one to memory care:Safety is at risk (getting lost, unsafe living conditions)Needs are not being met (bills not getting paid, hygiene being neglected) Losing track of time and destinations when leaving homeHere are the main differences between assisted living and memory care:Staffing & Licensing: Memory care staff require additional training and higher level licenses to be able to provide appropriate care. They are paid more as a result.Safety: Memory care facilities have locked and obscured exits, keypad locks, and doorbell alerts to keep residents safe. Licensing: The physical building needs a different type of license to house memory care residents.Cost: Memory care costs $1,000-$1,500 more per month than regular assisted living.Activities for residents in a memory home are also going to be specifically tailored to their needs. When structuring activities for memory care residents, it's important to provide engagement while supporting their retained abilities. Matching activities directly to what residents can successfully participate in ensures appropriate cognitive and physical stimulation. Failure-free activities without strict metrics of winning and losing also help reduce frustration. Cooking, gardening, textured balloon volleyball, and adaptive technology like the Tovertafel system all provide ways for memory care residents to engage without the stress of reaching quantified targets. Focusing on enjoyable involvement rather than specific outcomes offers activity opportunities they can genuinely achieve.As difficult as it may be, understanding when a move to memory care is necessary can bring great peace of mind that your loved one is getting the appropriate level of care in a safe environment. Equipped with a better knowledge of what sets memory care facilities apart from traditional assisted living, you can make the best decision for you and your family’s situation. Be sure to tap into resources like specialized memory care training for practical guidance. Most importantly, don’t forget to also prioritize self-care during this challenging time.Resources mentioned in this episode:Tovertafel: https://www.tover.care/us/Teepa Snow - A Positive Approach to Care Pack: https://teepasnow.com/Memory Care Training through RAL Academy: https://residentialassistedlivingacademy.com/memory-care/Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:4715/03/2024
Business Plans For Opening An Assisted Living Home
The number one reason to have a business plan is for you, so that you have clarity of vision of who you are, what you're doing and where you're going. The second reason for a business plan is to help raise capital. No private investor or a lender is going to give you the money you need without a business plan. You need to be able to show to other people that you know what you’re doing and where you’re going, where it starts, where we break even, where we're profitable, what's my reserve and all of the details. You want to give them a clear vision so they can buy into or lend to you. But that lender wants to know that they're going to make money, and that they will eventually get out of that deal.You also need to consider the 5 Ps in your business plan. They are People, Position, Product, Projection, and Plan. We go over all of these individually in more detail in our Blog. There's a lot to know in a business plan, but the two keys are clarity of vision for you and the ability to raise capital Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:2718/02/2019
Transforming Your Home Into Senior Housing
You can turn your home into senior housing anywhere from independent living up to Assisted Living. Independent living is senior safe. I mean grab bars, smoke detectors, wider doors, trip hazards removed. That home itself maybe has four bedrooms. There's four different people living there. Now if you have a home right now that is maybe on a single level that could be converted to four bedrooms and maybe there's at least two bathrooms, so there's two people to a bathroom or maybe you add some extra bathrooms. Being close to different activities as well. Libraries, grocery shopping, movies, those kinds of things are more important for independent living, That could be a good transformation or conversion from your current home into some senior housing. Assisted Living means somebody is there to take care of them. We provide a service for them, and you need to get it ready because Assisted Living means there's going to be caregivers that there. They're not necessarily living in the house with them, live in caregivers, but if you are doing it that way, there might be a room that's designated for the caregivers. The conversion itself is fairly similar, senior safe, but there may be a few more requirements to make sure it's appropriate for assisted living.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:0304/02/2019
You Don’t Have To Be The Caretaker Yourself
As our family ages they start to need more. Their independence is gone and they don’t want to admit that they may not be capable emotionally or physically. So I think a lot of times we just assume that we should take care of our own mom, our own dad. The reality may be we just aren't designed for that or have the time and ability to do so. So assisted living provides the care, the home, and the opportunity for us to take care of our parents without physically doing it ourselves. There's a lot of people that will have Alzheimer's or dementia issues, memory care issues. The idea of memory care and understanding how to handle that is just as important as the physical contact. Assisted living is not just physical, it's also in memory care and brain change. You know there's so much to learn, but the reality is we're all going to have to. We are all aging. Assisted Living is going to affect each and every one of us. You're either going to own the real estate the assisted living home is in, you're going to own and operate the business that is taking care of those seniors, or you or a family member may be living in a home, writing a check to somebody else who does. So how will you be a part of it?Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:1928/01/2019
Assisted Living Explained
A long time ago Assisted Living meant a big institution. Today it is completely different. When you think about living at an Assisted Living home, it has all of the comforts of home and there's other people in that home. It's a group of 8, 10, to 12 seniors in a home with peers their own age, living in that home together. It’s a community. Having a community of people to be with is incredibly important. It's not just your physical health, it's your mental health, your attitude. Assisted Living is for when somebody has an event, they move into Assisted Living after that event where they need additional help or monitoring. They need help with their medication, bathing, feeding or whatever it may be. They move there because they have to. And it's a home setting and that's specifically what we do with residential assisted living. Let's face it, we're all going to pass away. The question is when, not if. The family will come and they'll spend the last few days saying their goodbyes. 9 times out of 10, they pass away in the middle of the night. The opportunity to care for them and share with other people during that time is incredibly powerful. The families are thankful that we were there to take care of their family member all during that time. Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:4922/01/2019
Marketing Offline Helps Build Personal Relationships
Offline Marketing is having brochure, flyers and business cards. The brochures should match your website and your online presence. You only get one chance to make a first impression. One of your biggest and probably the most important way to market your business is referrals. Referral marketing is the best way to get new business in Assisted Living and Residential Assisted Living. We need to have those relationships. There are professional referral sources, placement agents that refer seniors to homes, attorneys that specialize in working with seniors, insurance agents that work with long-term care insurance, and financial planners that specialize in working with people's estates as they get older. They went out and created the relationships. Hospitals and doctors offices are your two other primary sources for referrals. It could be something as simple as having your brochure in the waiting room or building a relationship with the nurses and staff. Imagine if you show up once a week and bring in a flat of coffee, a small box of chocolates and a handful of brochures. Everything I just described costs about $100 per month. You're going to get one, two, even up to 22 referrals from that. Every one of them is worth thousands of dollars to you.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:5414/01/2019
Hospice - Who Really Pays For It?
Hospice provides benefits for people at end of life care.The money that pays for it is provided through the government, which comes from our tax dollars. When somebody is on hospice, the services are provided to them at no cost to them. That company that is providing them the hospice provider, they'll bill insurance and the government to get reimbursed. We're all getting closer to the end of life every day. But somebody who is really truly closer to end of life now could be on hospice for years. Hospice provides all of the care, equipment, supplies, care, nursing visits and so on. They may need 24 hour care, maybe even a few visits a day or per week. Some people come in on hospice and they're with us for months and years. Assisted Living works hand in hand with hospice providers. They give us referrals and we give them referrals. One of the things I truly appreciate about hospice is their heart's in the right place. They really want that resident, who needs to help, to get the care that they need. Hospice is a wonderful service that we do fully utilize in Residential Assisted Living. Someday you or your family member may need exactly that. Don't hesitate to call them.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:3931/12/2018
Are Mom And Dad In A Home You Feel Good About?
You probably haven’t even considered putting mom or dad into a home. You just got to a point where it was harder than you thought and you didn't have the time, the skills or maybe the heart. You weren't designed to be that caregiver. You needed that help and you know they did too. In your heart, you know it's the right thing, When it comes to a home, it's not just their physical need, it's their emotional needs, their spiritual need. A lot of older people have gotten to the point where they're not social anymore. Sitting and watching TV isn't very social for you or me. It's certainly not for them. But maybe there's games that can be played, puzzles that can be put together, or playing cards. Maybe it's artwork or crafts. Maybe it's dancing. When was the last time you saw your parents dance? They even had some really cool dances that they did. Bring some music that would have been from when they were younger. Ask them did they ever go to a speakeasy or an after hours club? Some of the stories that will come out will tickle their imagination and bring life into their eyes and conversation. And the biggest one, just sit and talk. Ask them, “where did you travel? Where did you meet your spouse? Tell me about your kids.” If you start thinking about those things differently, you may just find that your parent is in the home you always dreamed of.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:1324/12/2018
3 Things I Wish I Knew Before Starting In Assisted Living
Learn from other people's success. Learn from other people's mistakes. Learn from other people's experience who's actually doing it, not just talking about it. The most expensive lesson is the expense of doing it ourselves, getting to the end and saying, “I wish I knew that before I started.” You could save yourself a lot of money, but if you save yourself weeks or months or years. Saving time is even more valuable than saving money. When you have a business you typically have standard operating procedures, SOPs. In Residential Assisted Living, we call those policies and procedures. It covers everything from bringing somebody into the home, medication management, menus, scheduling of the caregivers, record keeping and everything in between. Even checking a resident out of the home. Lastly, you have to have backup plans. So that when something doesn't go right what's the backup plan? What do we do in every situation? If this doesn't work, then this is what we do next. How are we going to do this if we can't get it done that way? If you have systems in place and you have the backup redundancy, you can pretty much handle anything that comes your way in Residential Assisted Living or virtually anything that you do. Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
05:4217/12/2018
Making Money Or Helping People - Do You Have To Choose?
20 years ago when we first heard about assisted living, we all heard about the silver tsunami that was coming.They were sharing it from the business perspective but there was nobody there to show how it's done. But when it comes to real estate, it's just bricks and sticks. You can fix it, flip it, buy it, hold it and rent it. But it's kind of cold and meaningless. You have to take care of business, but you also have to have a heart. We're taking care of people, but it's okay to make money. Making money is why we do it, but we can choose to do it in a way where we can make money and help people. The more money you make, the more you can give and it flows through and the faster it comes. All of us have parents or people who are older within our family that somebody is going to need to take care of. So you can start your own home and they can move in for free. Or you can charge them money or whatever it is that they can afford. You want to have a little bit of control over the caregivers and managers, but not be the caregiver or manager. By owning the residential assisted living home, you can have that control, you can help them do good and do well. It is truly the best of both worlds. Make money and help others. Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:0610/12/2018
RAL Isn’t Easy, But It’s Worth It
You're going to work at something, you're going to get good at something, the question is what. And what are you willing to do in order to get the return that you say that you want? If you could create a business where you're making all the money you need to pay your bills, well then you can do whatever you want with the rest of your time. Right now a lot of you are working 60 or 80 hours a week doing a job that you hate. And you're working for somebody else. 10,000 hours is what they say it takes to become successful, to become an expert. What are you going to invest the next 10,000 hours in? If you have just one home, not only would it provide the income for you so you are financially free. But now when mom or dad need that help or an aunt or an uncle need that help, it's not a burden on the whole family. And if they or you have long-term care insurance, you can now bill the insurance company for that longterm care. I guarantee you're going to get involved in assisted living one way or the other. The choice is yours right now, but it's up to you If you want to get started.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:4303/12/2018
3 Signs It May Be Time To Move Into Assisted Living
There are 3 main signs that it is time to move to assisted living. Number one is that there there was an event, maybe they fell and the doctors say they could fall again and if they do, who's going to be there in the home to see it and pick them up or bring them in or call 911. Mobility issues are there more activities that they can't do? I mean really slowing down to the point where they need a cane, a walker or even a wheelchair. The second sign is that they're lonely. They're at home, alone, and they're not engaged anymore. If they're all alone at home, what's going to stimulate them? They need to be engaged and just need to do something where they're part of a community. But if they're quieter, they're staying in, they don't leave the house anymore. That turns into the social constriction, and isolation. Third one is, are they meeting their own needs when it comes to medication, are they forgetting to take it or taking too much? Food, they forget to eat, or they eat and forgot they eat and eat again. And taking care of themselves, they aren’t bathing or washing their clothes. Those kinds of personal functions are what we call activities of daily living. When they start to need help with those things, well you know that it's getting close to time.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:0626/11/2018
Life Doesn’t End At 70 Years Old
Staying active is incredibly important. If you just simply lie on the couch things are gonna slow down. They can still do something, but maybe it's volunteer. Maybe it's where they're passing on their wisdom or helping somebody else reach their goals. They're at the point in life where they're giving back, not taking from. And frankly there's no reason to have given up or be physically incapable of taking care of yourself unless there is a true major medical condition. In our homes when somebody moves in, we try to keep them active, exercise, senior yoga, music, pet therapy and so on. You need to stay active physically and mentally. What you're looking for is that community, the other people that are around them. Can the mom or dad, or the person who's looking to move into your home, relate to the other residents in that home. And if they used to do something or want to do something, you can bring that activity in. When you talk to somebody that has different ideas and they share what they believe and you share what you believe and you have that interaction and exchange of ideas. That is empowering, it's growing It gives you power, juice and energy. Seniors need that too.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
07:0920/11/2018
Is It Time For Assisted Living? - Part 2 - What’s Best For Them And You?
You're going to have the conversation with the parents about moving into assisted living and if you really focus on what's good for them it’s good for you. Many times older relatives will sell their house and move after all of the kids are out of the house. They want to move to a warmer environment and retire. Some do want to do it and plan for it. They may go visit for a few weeks during the winter. They can get comfortable with the fact that there's a place they can go. For them, this may be the right thing. It may be time to hire somebody or move mom and dad into assisted living. That transition can be smoother if somebody comes in to help in the home, but that's more expensive. Or they move into a home with this small group of seniors. The closer it is to you the more you can visit. Many times that relationship gets deeper and closer because they're making the time and the effort to go see them and spend time. Those caregivers are trained and it allows you to be the son, the daughter, the granddaughter, the grandson. It allows you to play the part that you were designed to play. Whether it's in your own home or in that facility it’s good for them and for you.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
06:0813/11/2018
Is It Time For Assisted Living? - Part 1 - Having The “You Need Assistance” Talk
It's important to have the conversation with your parents when it's time to move into assisted living. It’s going to be very awkward and feel uncomfortable and a lot like the roles have reversed. At some point, they may need assisted living. Let me show you the conversation that you need to have. That adult has been independent and they're not gonna ask you for help. Many times a senior, when they're younger and not as in need, transitions better into senior housing. That's more of an independent living situation where they're in their own townhome or apartment but they also have access to a cafeteria and group activities. Most seniors would rather stay in their own home. They'd rather have their own independence. One good way to transition is to have them volunteer at a home. They can go in and play cards, make a puzzle, or read to those people. They become friends with the residents, and then when it comes time to move into the home it's not as foreign to them. Another way is that you sometimes need a break. You bring somebody into the home on a respite, from a couple of days to a week, and if they have a good experience, that later transition could be natural At some point something has to be done and that decision made. So you really do need to have that conversation.Subscribe Wherever You Enjoy Your PodcastsApple Podcasts: https://impct.live/applepodcastSpotify Podcasts: https://impct.live/spotifypodcastMore Listening Options: https://impct.live/alnetworkpodcast
08:0605/11/2018