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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 th ...
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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 t…
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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 passion…
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What You’ll Never See in Our Homes…. Unpaid Rent is a Thing of the Past!
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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 agreem…
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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 …
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Are You Leaving Your Kids Burdens? Pass on the Blessings!
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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…
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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 wit…
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The Fastest Way to a Waiting List for Your Care Home- MARKETING
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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.…
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Top 3 Ways to Fund Your Residential Assisted Living Home
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"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 ke…
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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 empl…
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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 …
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How COVID-19 Helped Us Grow Our Senior Housing Business!
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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 thr…
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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 ass…
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Should You Quit Your Job to Take Care of Mom?!
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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 aff…
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4 Ways to Get Started in Residential Assisted Living
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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 …
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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 ma…
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What’s the Difference Between Memory Care and Residential Assisted Living?
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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 tip…
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Business Plans For Opening An Assisted Living Home
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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 p…
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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 l…
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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 assis…
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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…
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Marketing Offline Helps Build Personal Relationships
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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…
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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 reimbu…
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Are Mom And Dad In A Home You Feel Good About?
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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 hom…
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3 Things I Wish I Knew Before Starting In Assisted Living
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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 …
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Making Money Or Helping People - Do You Have To Choose?
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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 …
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