As we get older, most of us know we’ll need help and have to give up some control when it’s time to be spoiled and waited on hand-and-foot. Today, Toby Mathis of Anderson Business Advisors talks to Rocky McKay of Peak Care Assisted Living Homes about available options.

Highlights/Topics: 

What is residential assisted living (RAL)? Remodeled homes in residential neighborhoods that fit the needs of geriatric residents 

Activities of Daily Living (ADLs): Basic physical and mental tasks, including bathing, brushing teeth, laundry, and cooking 

Typical Age Group for RAL: 85 to 90 years old

Why invest in RAL real estate? Need for good quality, high-end homes to provide great care; and strong margins rival any other real estate investment

Typical Monthly Fee: $4,000 to $7,500 private pay per month, per resident for 24/7 assistance/care

Three RAL Businesses: Real estate property/home, investor/money person, and operating actual business

Biggest RAL Pitfalls: Not understanding operations side and daily involvement required 

Resources

Peak Care Assisted Living Homes

Rocky McKay’s Email

Rocky McKay’s Phone: 1-800-906-1030 Ext. 101

Arizona Assisted Living Homes Association (AALHA)

Toby Mathis

Anderson Advisors

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