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Residential Assisted Living | How to Get Started | Gene Guarino
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- čas přidán 25. 06. 2020
- Interested in the residential assisted living business? On this podcast episode, my special guest Gene Guarino with @RALAcademy will spill the beans on how you can get started in the residential assisted living business. He will talk about the 2 main ways to profit in this area... first through real estate, and second through the business itself.
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Now THIS is a golden nugget for sure! I've run and created residential programs for 20 years, both facilities and community program homes, and my desire with getting into real estate is to purchase homes/multi units for deeper purposes than money as this business venture. Why is no one talking about this!!??! SO GOOD! Thanks Jamel!
I have some questions
thank you for the comment! did you end up ever getting started with your RAL? let us know how we can help!
Mr Gibbs, I am great full for this video. My wife has been working as an assisted living nurse and a manager for several years. Now she is ready to start her own home, so we are in need of financial steps to get started.
let us know how we can help, hope to see you both at RAL NAT CON this year
I have the property, the location is perfect. As a matter of fact 50 percent of my community is baby boomers . I want to get in the business or the real estate too. I am comtemplating it all.
This was the most awesome hour of information i have found on starting an ALF. And you can believe i have been hunting for a few days. Thank you.
Great episode & host questions. Thank you.
How can you get grant for homeless veterans in Florida?
R.I.P. Gene Guarino your contribution lives on.
He is dead??? OMG
He passed in 10/2021
This was great. 2 years old but very valuable. Thank you.
will you be at RAL NAT CON?
Owning this business can be rewarding but let's be honest, there are a lot of headaches whether it is your staff or the senior citizens themselves not to mention if one of the residents family members report your ALF to the State and the business gsts flagged. I WISH what he is saying is easy but if you don't have a good team or end up having a problematic senior then it can be a handful of a time not to mention your beds aren't going to always be full and sometimes the Senior citizen passes away in the facility which is just a reality. Other than that good interview but I thought I remind people that this is not a cake job you really have to put in the time to get the business going and its non stop
Same with adult family homes it’s definitely not favorable on the business side of legal actions, you can be reported and have the state in your residence the next day or be reported for false allegations so that’s why it’s important to keep good records and make sure your staff and you are running things legally with a lot of supervision because the reality is that without supervision you will have trained staff screw up 100% guaranteed.
the staffing is everything, we couldn't agree more and it starts at the top with YOU!
You have such a great channel Jamel. I really love how you look at different ways of making money and not just real estate. Definitely one of my favorite channels for sure!
Thanks
I'm late to the party here. But thanks for this Jamel. Also thanks to Gene for being so transparent and concise with this information . I've listened to many talk about RAL's and Gene's business acumen and business model is by far the best.
what a kind comment! thank you! let us know how we can help
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Jamels content is incredible!
Thank you
I have a two story home. Am I doom with trying to start this business. All my children are grown.
Thank you for this.
Thx for the support
I have a few question @jamelgibbs
I’m in the Palm Springs area in California I own a property in a rice residential area 4 bedroom 2 bath 2300 sq ft. I’m considering opening a facility but also would consider leasing my property out to someone as well. Where could I find people looking to lease property?
Gene RIP
Hello, Thank you for the info. I have a few houses where can I find the people that houses for rent? Please reply
This is great. Do you buy single family in LLC and then do assisted living out of it?
How licensing works in California?
Is pool liability?
How to find caregiver?
How to find assisted living operators and let them run and what are liabilities to let someone else run but property is on landlords personal name?
here to help, wanna chat so we can answer all your questions?
Is the free EBook still available?
Good stuff guys!
Thx
thanks!
Nice! Info!
thank you! do good and do well!
And where can I find buyers? I am trying the Wholesale method also. Please help me.
Hey planning to buying a home to assisting living. I’m in the border line of Vancouver Washington but I’m from Portland Oregon. I’m doing some research but wanting to know which state would be better to get a home. I know the median around any area gives you a better idea. Or places close or hospitals . But as far as state I can do either how would I go about to see which one pays more ?
I’m not sure about assistance living but I know all about adult family homes for Vancouver, Washington is a much better environment I have my license in Washington for an adult family home clients pay based on level care and depends… if it’s a “private payed client” you make your own prices on what you wanna charge and if it’s state pay you would get calls and e-mails about new clients with the care plan and state pay coverage based from the care needed and you choose to accept them, I’ve been seeing per client can be between low as $3500 to $9500 usually avg between and depends if it’s state or private pay and how much care is required more independently the less the state will pay the more dependent they are, the more they pay, because it may just might require more work and more staff to be present.
Hello. My name is Joel Pedroso. I have a property that am building a home for assisting living. How can i contact you?
Gene, do you do consulting or assist with business plan prep?
Him and his daughter have RAL academy it’s a whole program to help people get started and every step. I’m considering joining
Unfortunately, Gene passed away about a year ago due to Covid. His daughter has taken over the company at this point.
@@Painfreewithjordan woohoo! hope to have you in class soon! we're here for you!
@@jamelgibbs missing him everyday, but the message of RAL is still going strong, Isabelle is killing the game and sharing the news of doing good and doing well with 1000's of investors and entrepreneurs all across the country
Any investors in the Miami area???
Hi. I'm in the Miami area and considering this
Did either of you start? How is that going?
People need good
investments and to earn money, but I think there’s something not being considered here and that is the pinch our elderly having, to find affordable places to live. When you say how much you can cream off the top, it makes me cringe for our needy older generation.
Qm