When we talk about overbuilding,  five years from now are we really going to need this? Let me help you with some math right now there are 77 million baby boomers, 10,000 people a day are turning 65, but more importantly, over 4,000 a day are turning 85. That is 1.5 million people turning 85 every single year. Not all of them are going to survive to  86 or 90. And not all of them are going to need assisted living. But if just 20 percent of them need assistance with their activities of daily living for an average of three and a half years.

So 1.4 million 85 year olds that will need additional help in the next five years. And most people would rather live in a home, where the care is five residents to one caregiver, where the food is fresh and it's coming from a kitchen that's 25 feet away. Where they can live in a room, maybe a private room, but live in a home. The reality is they are looking for friends and companionship. They're aging and they are coming and we have an opportunity to take advantage of providing for them this home, help, and service. And the need is only going to increase.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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You as an entrepreneur can do anything that you want to do. However just because you can do something yourself doesn't mean you should. There is no ceiling, there is no lack of opportunity. So when you look at your own life and you look at your own opportunities and capabilities, you really have to decide, is this something that you can do and should do, or something you can do, but you choose not to.

So let's talk about surrounding ourselves with the right people. The best thing you can possibly do is surround yourself with a team of people that have done it before, who are not only experienced, but they know what to do, and more importantly what not to do. A team of people that are willing to contribute something that you don't contribute. That have skills that you don't have, that have the time that you don't have. As soon as you say to yourself I'm the best, you're kind of defeating the whole purpose. Because frankly, when it's all said and done, doesn't matter how many houses you have or how much money you have in the bank, it's the people and the relationships. Those things are magical and they last forever.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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The three ways to simplify getting started in assisted living right now. The one most people really would love to do is buying an existing home that's already up and running and operational. If I can buy the right business and the right location, paying for that business up and running right now is definitely the best way to simplify the process of getting started in residential assisted living.

The second way is to partner with somebody who's already doing it. You bring something to the table, they bring something to the table, could be perfect. Partner with somebody who's done it before, who's doing it now, who can get you up and running faster.

The third way is to focus on the real estate portion. You're the one that buys the home, ties it up with the lease. You're the one who does the renovation and now you're going to lease it to the operator. So what you're going to get is that long term lease. But also do it with a profit share so you're getting a share of the profit. Let them do the work that you get your rent, plus a share of the profit.

At the end of the five year lease, you now have a choice. We will talk more about that.

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The three things that could absolutely wipe out the need for assisted living, one the plague, I don't think it's coming back. Two, when you hit 50, they'd knock you off. But I don't think they're going to do it in real life. And the third would be everybody stops growing old. The reality is none of those things are gonna happen. When we talk about the opportunity and where assisted living is going in the future, nobody wants to live in a big box. They want to be at home in their own home, but they do need assistance. People who are at home now aging 80, 90 years old, they want to stay at home.

They'd rather stay at home but they can't and they don't want to move to the big box. So the solution is residential assisted living. You know right now governments are encouraging assisted living. They're actually changing rules, laws and regulations to make it better. There are too few beds, too few homes. They need people like me and you to help be a part of the solution. Assisted living is moving into the home in the residential setting. It's preferable to the senior into their family. You and I, we are the solution.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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What's the day to day life like owning an assisted living home and business? No day is the same. What you're looking for is the manager to take care of business, find the residents, take care of the family, hire the caregivers. The day to day life that you have within your assisted living business is going to depend on how you want to operate. You can be hands off and the manager is the one that finds hires, trains and retains the caregivers, the manager is responsible to make phone calls, bring in people who need the assisted living, do tours, bring them into the home, do the assessment of the resident that day to day, filling in the agreement.

And when those residents come in and drop off a check for five, $6,000 a month and 10 of them get dropped off on the same day, that's a wonderful day. So the day to day life will depend on how you want to own and operate this home. We have students all over the country that are more hands on. If you have your management team in place, your job is to oversee and manage the manager. And day to day varies day to day.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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When you are In Residential Assisted Living you're going to get sued. The reality is we understand what the liabilities and the risks are. We have insurance to protect ourselves from it. But when people move into our homes, they're being taken care of, their being loved on. We want them to live forever, but on occasion they do pass away. People do die and It's a matter of when, not if. 

Now again, I want you to get very real. Let's say that person living in the senior care home, the residential assisted living has five kids. Those five kids are 50, 60 years old. Those are the kids because mom or dad is 80 or 90 years. They've come to visit mom or dad everyday or every week. They see the caregivers. They know them by name. They've eaten the food in the dining room with mom or dad. They know the manager, they love the experience. Now they'd been there for three years. They fall, they break their hip, they go to the hospital and two months later, they pass away. That is sad, but it's not unexpected.  

So avoid those potential problems. Have the proper insurance, and do a good job. Dot your i's and cross your t's. But rest assured, if you do this right, that liability is truly a non issue.  

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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Everybody wants to know how to make money in Assisted Living. There are three best ways to get started right now for you to make money. First, you can own the real estate, lease it to an operator. Two, you can just operate the business. The business itself is the ability to bring in those residents and caregivers. You're going to pay rent to somebody else in their real estate, but the business itself is incredibly profitable, or operate the business and lease the property from somebody else. The third way is both, own the real estate and operate the business. The entity that operates the business leases the real estate from this entity over here. We own the real estate, get the tax benefits, and over here on the business we had the operating entity that pays rent to leasing it from.

There is also bonus way number three, and that would bring those residents in the home and they're paying to live there. They contract out for their care. You have a high occupancy rate and tenant that's paying you but they're contracting separately outside of your company for the care that they need.

There's lots of ways to make money with assisted living. The key is to get started.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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There's a lot of people out there right now that are thinking unemployment is at a record low. How in the world am I going to find great caregivers or a great manager for my assisted living home? The key is not just getting a caregiver or a manager, but getting the best ones, the right ones, attracting them, training them, retaining them is all a part of what we show people how to do.

What you are looking for is somebody who takes charge. Somebody who's in control, who can take a system and implement it. Somebody who is genuinely nice to their family, to their spouse, to their coworkers. they need to be fair, but firm with their caregivers, What need is somebody that can be a great representative for you, your staff, your home. They are the face of what you do. They're the ones that are communicating directly with the family, meeting their expectations or not, and if they communicate in a positive, friendly way that goes a long way to making the family feel confident that their loved one is being taken care of. It's not impossible to find great people, but they need to be attracted to what you do and what you offer.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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Food, It's important for all of us. In assisted living, it's the number two, if not number one activity inside the home. If we feed the residents properly, they'll be healthier, happier, and more comfortable. They'll be a joy to be around. The amount of food, the quality of food. That is so easy to fix.

I always ask the residents when they come in, what's your favorite food? What do you love to have? If they say, I love seafood, shrimp, fish and so on. You can get jumbo shrimp the size of your finger that costs you very, very little and if they ate one, two or three of them, that's all they need. The high quality foods served on a special occasion is a real special event.

If you really want to have a home that people will wait in line to get into, have a chef. Do cook to order breakfast. Lunch could be a set lunch, or maybe two choices. In between breakfast and lunch, they're making a wonderful meal for dinner. You could charge a thousand dollars a month more because you have a chef. The chef is a feather in your cap, it’s what will bring people in and they'll stay with you for it.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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There's the saying that it takes 10,000 hours to become an expert. Now when you think about that, at 40 hours a week and 50 weeks in a year, that's 2000 hours in a year. So, if you devote five years of full-time effort to anything, you'll be an expert. So what is it that you're becoming an expert at 2000 hours a year? 10,000 hours is five years of your life. You could cut that time in half and make it 5,000 hours and get it done in one year by going to somebody else who knows what they're doing and is willing to show you how so that you can become an expert very quickly. Because it's not knowing something. It’s doing something with what you know.

Communication is one of the things that you need to become an expert in no matter what else you do. You have to ask yourself, what are you willing to do today that will allow you to be an expert in your field, is it your desire or your passion? I guarantee you're going to become an expert at something. Decide what it is you're going to become an expert in before you move forward.

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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