Starting an assisted living business is a rewarding venture, but ensuring profitability is essential for long-term success. To build a financially sound operation, it's crucial to understand underwriting—the process of evaluating the financial viability and risks of your business model.
In this gui...
Starting an assisted living facility can be both fulfilling and profitable. But let’s be honest—it also comes with a serious financial commitment. Planning and budgeting for the major costs from day one is key to setting up a successful assisted living business.
In this post, we’ll break down the f...
Finding new residents is one of the biggest challenges in running an assisted living facility. If you’re just starting out, you might wonder—should I use a placement agency to help fill my beds?
Placement agencies can connect you with families searching for assisted living options, but they also co...
Starting your journey into assisted living investing can be both exciting and challenging. One of the crucial decisions you’ll face is whether to operate a licensed or unlicensed assisted living facility, each with distinct advantages and disadvantages.
Licensed facilities adhere to strict state re...
Your Step-by-Step Guide to Success
Starting an assisted living business is exciting, but getting your facility license might feel overwhelming. Don’t worry—securing your Residential Assisted Living (RAL) license is doable with the right plan. This guide will break down the steps to help you navigat...
Starting an assisted living business is an exciting journey, but managing finances can be tricky. A business credit card can be a game-changer. From handling startup costs like renovations and staffing to covering daily expenses like groceries and supplies, it’s a tool that simplifies spending and h...
I want to share my story of how I got into the assisted living business. I’ve faced challenges, learned a ton, and had some amazing moments along the way. Now, I’m excited to share some helpful tips with you! Whether you're just starting out or want to grow your assisted living facility, I hope my j...
Building a successful assisted living business starts with a great team. Each staff member plays a special role in helping things run smoothly. Here’s a look at some key positions in a residential assisted living facility (RAL) that make all the difference.
Check out the video too:
Owners and F...
Earning $30,000 a month from an assisted living facility might sound like a dream, but it's not as far-fetched as you might think. With the right plan and a solid grasp of your finances, you can reach this income goal. In this blog, we’ll dive into the numbers, what to focus on, and why understandin...
Running an assisted living facility is a big job, but it can also be super rewarding! One thing new owners often don’t realize is how much it costs to keep a facility running smoothly. If you don’t know your expenses ahead of time, you could end up with surprise bills that mess up your budget. Wheth...
Thinking about building a residential assisted living facility? You're in the right place. Entering this field is rewarding but comes with unique challenges. Whether you're driven by a desire to provide great care to the elderly or to join a growing industry, this blog will be a helpful resource.
W...
Starting your own assisted living business is a huge step, and let's be honest—it can get overwhelming fast. Between licensing, daily operations, and planning for growth, there’s a lot to manage. This is where a consultant can make a world of difference! But finding the right one isn't just about pi...
