In this episode, the focus is on determining the ideal salary for an assisted living administrator. Brandon emphasizes the significance of understanding salary ranges, which can vary widely based on facility size, geographical location, and operational complexity. He draws on his experience running multiple facilities and notes that while larger, institutional facilities may pay salaries upwards of $150,000, smaller, residential facilities often range between $50,000 and $80,000.
00:00:16 – Episode Focus: Administrator Salary
00:00:53 – Free Business Plan Checklist Offer
00:01:14 – Host Background & Experience
00:02:03 – Importance of Administrator Salary
00:02:33 – Salary Range Overview
00:04:12 – Geographic Salary Differences
00:05:15 – Why Salary Discrepancies Exist
00:06:24 – Challenges with Big Facilities vs. Smaller Ones
00:08:34 – Hiring Staff: Challenges and Strategies
00:10:17 – Utilizing Company Career Pages and Ads
00:11:36 – Networking for Recruitment
00:13:16 – Administrator Hiring Tips & Tools
00:13:37 – Application Essentials
00:15:33 – Interview Questions to Assess Candidates
00:18:10 – Personal Hiring Process Insight
00:18:52 – ALI Basics Community Invitation
00:20:22 – Legal Considerations & Attorney Recommendations
00:22:36 – Maintaining Proper Business Structure
00:24:19 – Final Reminders & Wrap Up
00:24:56 – Closing Remarks & Call to Action
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Join the Business Foundation Basics Workshop: Assisted Living Business Foundation Basics
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
Subscribe to the podcast for more episodes.
Leave a review to help us continue bringing you valuable content.
Engage with us on our various platforms for further learning and support.
Facebook | LinkedIn | X | Instagram