Starting an assisted living business is exciting, but there's one thing you shouldn't forget: setting up a business bank account. It might seem like a small detail, but it's super important for your success. Let's talk about why you need one and how to set it up.
Why You Need a Business Bank Accoun...
Welcome back to our series on how to underwrite an assisted living business! In Parts 1 and 2, we covered the basics of our underwriting calculator. Now, let's dive into the exciting part: looking into the future of your potential investment.
Check out the video too:
Why Future Projections Matt...
Welcome back! In Part 1, we talked about the basics of underwriting and how to use our calculator. Now, let's dive deeper into how this tool can help you figure out if an assisted living business is profitable.
Why Underwriting Matters in Assisted Living
When you're thinking about buying an assist...
Ever wondered, "Is assisted living profitable?" The answer lies in good underwriting! Today, we're going to talk about how to underwrite an assisted living business using my underwriting calculator. Don't worry if you're new to this - we'll break it down step by step.
Check out the video, too:
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When starting to purchase an assisted living facility, it is vital to understand how real estate agents and commercial brokers are paid. This knowledge is important because it allows you to understand the value and cost-effectiveness of working with these individuals. Real estate agents and brokers ...
Taking the leap and owning an assisted living facility is a turning point in your growth. Navigating the complexity of the commercial real estate market can be difficult, especially for individuals who are unfamiliar with the nuances. One of the most important aspects in this process is to work with...
Let's explore the role of an assisted living home operator in healthcare and senior care. Running an assisted living facility involves more than just management; it enhances seniors' quality of life with daily care and support. Operators must balance healthcare regulations, staffing, and resident ca...
Today, we'll look at an important topic for future assisted living facility (ALF) owners: How much does an assisted living operator make? Understanding an ALF operator's financial possibilities and revenues is important for anyone considering entering this business. It's not just about passion and e...
As the successful owner and operator of two assisted facility facilities, I've realized the importance of setting clear expectations with your facility administrator. Establishing these expectations entails establishing work tasks and cultivating a collaborative and trustworthy environment. This blo...
So, you're ready to jump into the assisted living business—exciting! But here’s a big question: Should you hire a consultant to help? It’s an important choice. Consultants can offer guidance, save time, and help you avoid mistakes, but they can also be pricey. Let’s break down the pros and cons so y...
Starting an assisted living facility is challenging and rewarding, requiring careful planning and skilled supervision. From negotiating legal regulations to building a sound business plan, there are numerous essential decisions to make that will have a substantial impact on your success. Selecting t...
When exploring the possibility of buying an already-existing assisted living facility, you may encounter the term "grandfathered in." But what does this actually mean, and how might it affect you as an investor? We will explain grandfathering and discuss its ramifications in the context of assisted ...
