Hiring caregivers for your assisted living home? That’s exciting! But before they start, you need to set up a new hire file to keep everything organized. This file isn’t just paperwork—it helps you follow the rules, pay staff correctly, and stay ready for inspections.
Let’s go over what you need an...
When it comes to assisted living, you have two main options: big-box facilities and residential care homes. Both provide essential care for seniors, but they offer very different experiences—for both residents and business owners.
If you’re thinking about starting an assisted living business or loo...
If you’re thinking about starting an assisted living facility, you’ve probably wondered: Does my property need to be wheelchair accessible? The short answer is: it depends on your state, local regulations, and the needs of your future residents. Let’s dive into what wheelchair accessibility means, w...
Finding new residents is one of the biggest challenges in running an assisted living facility. If you’re just starting out, you might wonder—should I use a placement agency to help fill my beds?
Placement agencies can connect you with families searching for assisted living options, but they also co...
Starting your journey into assisted living investing can be both exciting and challenging. One of the crucial decisions you’ll face is whether to operate a licensed or unlicensed assisted living facility, each with distinct advantages and disadvantages.
Licensed facilities adhere to strict state re...
Running a residential assisted living (RAL) facility comes with many decisions, and one of the trickiest is figuring out how to compensate your caregivers fairly. A common question is: Should overnight caregivers earn more than daytime staff?
Let’s break it down by looking at the roles, challenges,...
Are you prepared to embark on your journey in the dynamic world of the assisted living industry? If you’ve been looking for practical and actionable guidance on kick-start your career in this rewarding field, you’ve come to the right place. At Assisted Living Investing, we provide a wealth of inform...
Starting an assisted living business can feel overwhelming, but don’t worry—breaking it down into simple steps makes it manageable and achievable! By following these five key phases, you’ll build a strong foundation, find the right property, secure funding, get licensed, and launch successfully.
Ch...
Starting an assisted living business is an exciting opportunity to make a difference in people’s lives, but it’s important to understand the roles that keep a facility running smoothly. Two of the most important roles are the administrator and the operator. While these roles might sound similar, the...
Starting your own assisted living business is exciting! But before you welcome your first resident, you need to set up a strong foundation. That begins with choosing the right legal structure for your business. It might not sound glamorous, but it’s one of the most important steps you’ll take.
Your...
Running an assisted living facility involves more than providing a safe space for residents—it’s about building a dedicated, knowledgeable team that ensures both the well-being of residents and smooth facility operations. Whether you’re opening a new facility or expanding an existing one, understand...
Starting an assisted living facility is a big deal! You get to help older adults live better lives while running a successful and profitable business. But if you're new to this field, it can feel a little overwhelming. There's a lot to learn, from healthcare needs to the real estate side of things.
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