Assisted Living Network Podcast

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.com

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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.

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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.

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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.com
When 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.com

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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.org
Residential Assisted Living Academy - https://residentialassistedlivingacademy.com/

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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/

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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/

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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/

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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/costofcare
• RAL 101 - ral101.com

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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/?

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