Assisted Living Network Podcast

Hospice provides benefits for people at end of life care. The money that pays for it is provided through the government, which comes from our tax dollars. When somebody is on hospice, the services are provided to them at no cost to them. That company that is providing them the hospice provider, they'll bill insurance and the government to get reimbursed. We're all getting closer to the e...

You probably haven’t even considered putting mom or dad into a home. You just got to a point where it was harder than you thought and you didn't have the time, the skills or maybe the heart. You weren't designed to be that caregiver. You needed that help and you know they did too. In your heart, you know it's the right thing, When it comes to a home, it's not just their physica...

Learn from other people's success. Learn from other people's mistakes. Learn from other people's experience who's actually doing it, not just talking about it.  The most expensive lesson is the expense of doing it ourselves, getting to the end and saying, “I wish I knew that before I started.” You could save yourself a lot of money, but if you save yourself weeks or months or y...

20 years ago when we first heard about assisted living, we all heard about the silver tsunami that was coming. They were sharing it from the business perspective but there was nobody there to show how it's done. But when it comes to real estate, it's just bricks and sticks. You can fix it,  flip it, buy it, hold it and rent it. But it's kind of cold and meaningless. You have to take...

You're going to work at something, you're going to get good at something, the question is what. And what are you willing to do in order to get the return that you say that you want? If you could create a business where you're making all the money you need to pay your bills, well then you can do whatever you want with the rest of your time. Right now a lot of you are working 60 or 80...

There are 3 main signs that it is time to move to assisted living. Number one is that there there was an event, maybe they fell and the doctors say they could fall again and if they do, who's going to be there in the home to see it and pick them up or bring them in or call 911. Mobility issues are there more activities that they can't do? I mean really slowing down to the point where the...

Staying active is incredibly important. If you just simply lie on the couch things are gonna slow down. They can still do something, but maybe it's volunteer. Maybe it's where they're passing on their wisdom or helping somebody else reach their goals. They're at the point in life where they're giving back, not taking from. And frankly there's no reason to have given u...

You're going to have the conversation with the parents about moving into assisted living and if you really focus on what's good for them it’s good for you. Many times older relatives will sell their house and move after all of the kids are out of the house. They want to move to a warmer environment and retire. Some do want to do it and plan for it. They may go visit for a few weeks durin...

It's important to have the conversation with your parents when it's time to move into assisted living. It’s going to be very awkward and feel uncomfortable and a lot like the roles have reversed. At some point, they may need assisted living. Let me show you the conversation that you need to have. That adult has been independent and they're not gonna ask you for help. Many times a se...

There's a crisis out there. And there is the opportunity to help, to be a part of something big and important. The question is, are you going to be a part of the solution or part of those who complain about it and do nothing? One of the saddest things In our society today is that more than half of people polled feel lonely. We look at our phones and those things that take us away from talking...

We're losing our seniors one senior at a time, and I don't just mean physically, but their history, what's in their mind, their head, their thoughts, and their heart. Grandma's still here, but some day she won't be. I wonder how many of their kids or grandkids have even heard their stories, They're going to say, what about Grandpa? Where was he? What did he do? Who wa...

The top three criteria are location, price, and the staff. The resident is going to move in once, but the family is going to be the ones going to visit them, so it has to be conveniently located. Usually, 20 minutes so that way somebody can drive over after work and get home, and it only takes an hour or two to have that visit to be able to come and go a couple of times a week or a month. Unlike t...

I'm sure a lot of you have heard that AI, artificial intelligence, robots in homes, is coming. They have robots in hospitals right now and we do assisted living in a residential setting. But imagine, a senior having something around their wrists that would geolocate where they are and at any time a robot that has intelligence to communicate, could find them based on that location device, and...

When we talk about the look and the feel of Residential Assisted Living, it's a home so it should obviously look like a home. Usually, there's a roof, a door, windows, it looks like a house. It should have landscaping and driveways where people can pull up with walkways so somebody can get from the car to the front door. You should put a ramp in so if they have a walker or a wheelchair,...

There's two primary things or reasons why you have a business plan. One is for you, you need a roadmap, directions to get to where it is that you're going. It's a map showing you how to get to where you're going. If we have the map, you know how to get there faster, accomplish more, and go farther in the same amount of time. The second reason to have the business plan is for th...

I want you to think about where you're at today. Some of you are at a point in your life where you're just going through the paces. You're not quite sure what you really want or how to get out of the rat race. You're saying you want more but you're afraid to start something new. You are scared because you could lose money. But you should be more afraid of losing time. Mone...

When we talk about overbuilding,  five years from now are we really going to need this? Let me help you with some math right now there are 77 million baby boomers, 10,000 people a day are turning 65, but more importantly, over 4,000 a day are turning 85. That is 1.5 million people turning 85 every single year. Not all of them are going to survive to  86 or 90. And not all of them are going to need...

You as an entrepreneur can do anything that you want to do. However just because you can do something yourself doesn't mean you should. There is no ceiling, there is no lack of opportunity. So when you look at your own life and you look at your own opportunities and capabilities, you really have to decide, is this something that you can do and should do, or something you can do, but you choos...

The three ways to simplify getting started in assisted living right now. The one most people really would love to do is buying an existing home that's already up and running and operational. If I can buy the right business and the right location, paying for that business up and running right now is definitely the best way to simplify the process of getting started in residential assisted livi...

The three things that could absolutely wipe out the need for assisted living, one the plague, I don't think it's coming back. Two, when you hit 50, they'd knock you off. But I don't think they're going to do it in real life. And the third would be everybody stops growing old. The reality is none of those things are gonna happen. When we talk about the opportunity and where...

What's the day to day life like owning an assisted living home and business? No day is the same. What you're looking for is the manager to take care of business, find the residents, take care of the family, hire the caregivers. The day to day life that you have within your assisted living business is going to depend on how you want to operate. You can be hands off and the manager is the...

When you are In Residential Assisted Living you're going to get sued. The reality is we understand what the liabilities and the risks are. We have insurance to protect ourselves from it. But when people move into our homes, they're being taken care of, their being loved on. We want them to live forever, but on occasion they do pass away. People do die and It's a matter of when, not...

Everybody wants to know how to make money in Assisted Living. There are three best ways to get started right now for you to make money. First, you can own the real estate, lease it to an operator. Two, you can just operate the business. The business itself is the ability to bring in those residents and caregivers. You're going to pay rent to somebody else in their real estate, but the busines...

There's a lot of people out there right now that are thinking unemployment is at a record low. How in the world am I going to find great caregivers or a great manager for my assisted living home? The key is not just getting a caregiver or a manager, but getting the best ones, the right ones, attracting them, training them, retaining them is all a part of what we show people how to do. What yo...

Food, It's important for all of us. In assisted living, it's the number two, if not number one activity inside the home. If we feed the residents properly, they'll be healthier, happier, and more comfortable. They'll be a joy to be around. The amount of food, the quality of food. That is so easy to fix. I always ask the residents when they come in, what's your favorite foo...