Starting an assisted living facility is super exciting, but it can also be tricky, especially if it's your first time. There's a lot to think about—hiring staff, getting licenses, and making sure you have enough money to cover all the costs. But here’s a little secret that can help you get off to a ...
When you’re buying an assisted living business, touring the facility is a big deal. Sure, looking at documents and talking with people helps, but seeing the place in person (or even on a virtual tour) gives you important details that paper alone can’t show. Let's talk about why touring is essential ...
Starting your assisted living business can feel overwhelming, but the right tools make it simpler! With my Assisted Living Investing Calculator, you can easily get a handle on the numbers—predicting income, expenses, and even potential profits. Let’s walk through how this calculator works and why it...
When managing or starting an assisted living facility, having the right policies on hand is essential—whether it’s for everyday operations or preparing for state inspections. But what if you need a policy quickly? Here’s a real-life story from my experience and a guide on how to create effective pol...
Virtual tours are an amazing tool for anyone looking to invest in the assisted living business. Want to check out a property without leaving your home? Virtual tours make it easy, especially if you’re buying assisted living facilities out of state. Let’s talk about how these tours work and why they’...
Finding the right administrator for your assisted living facility can make all the difference between good care and exceptional care. This person is the backbone of your facility, overseeing day-to-day operations, ensuring compliance with state regulations, and providing the high-quality service you...
Have you thought about buying an assisted living business? BizBuySell is an online marketplace that makes it easier to find and buy businesses, including assisted living facilities. Whether you’re new to the game or an experienced investor, this guide will walk you through using BizBuySell to find a...
Assisted living is a rewarding but demanding field, and staff retention is crucial to maintaining quality care and stability. However, high turnover among caregivers and administrators remains one of the most significant challenges for facility owners and operators. While staff transitions are somet...
Figuring out how much to pay your assisted living facility administrator is a big decision. It can really affect how well your business does. Many owners ask, "How much does an assisted living facility administrator make?" The truth is, there's no one-size-fits-all answer. Let's look at what affects...
Are you curious about how the Trump administration will affect the world of assisted living? Many people are wondering what the future holds as we anticipate a new Trump presidency. I want to share some important details about how this could impact assisted living, especially for those interested in...
Running an assisted living business means managing a lot of expenses, and supplies like food and materials can take up a big chunk of your budget. But did you know you can use credit card rewards to save money? By choosing the right small business credit cards and using them wisely, you can make tho...
Credit card rewards are more than just perks for personal purchases—they can also benefit your assisted living business. Whether you’re running a small facility or scaling your residential assisted living (RAL) business, using credit cards strategically can save you money and improve your financial ...
