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What Are Assisted Living Facilities Who Lives In Assisted Living Facilities A Day In The Life of an Assisted Living Facility More Reasons to Switch to Assisted Living Facilities How to Turn A Small House Into an Assisted Living Facility Ideal Assisted Living Facility Property Types Increasing Your Assisted Living Facility Profits Assisted Living Facility Staffing Companies Assisted Living Facility Administration and Operation Assisted Living Facility Zoning Assisted Living Facility Licensing Laws Filling Your Assisted Living Facility With Residents Assisted Living Facility Exit Strategies Taking Your Assisted Living Facility to the Next Level State by State ALF Regulations, ALF Real Estate Agents, Consultants, and Attorneys HAVE A QUESTION? CLICK TO EMAIL EasyALF
Assisted Living Facility News LinksIs The Typical Cost for an Assisted Living Facility $12,000 a Month? Therapy Dog Brightens Lives at Assisted Living Center Fishers Council OKs Dementia Facility Opening Doors to the Elderly Couple Finds Niche with in-home Foster Care Leesburg Facility Keeps Alzheimer's Victim, Spouse Under Same Roof Local Health Care Facilities Prepare for the Next Generation NHI Completes $67 Million Purchase Of Six Skilled Nursing Facilities Assisted Living Facilities Trying to Keep up with Aging Population Assisted Living Facilities a Popular Option for Virginians Assisted Living Communities Across County Face Off in Wii Bowling
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How To Open An Assisted Living FacilityMore Reasons to Invest in Assisted Living Facilities
If pulling in $20,000 to $40,000 per month, WHILE providing a nice place for people to call home is not reason enough to convert your rental houses into ALFs, there are many others. Remember the CNAs that show up at your ALF every eight hours, and do you remember the licensed person who really runs your ALF while you sit back and make money? Your ALF gives all these people good and secure jobs. Jobs they need in times like these. Are you starting to see a pattern developing here? The pattern actually looks like a circle to me. I knew you’d like the ALF business, have ever been the base of a circle before? Of course the other two sides of the ALF circle are the residents and the staff. It’s a win, win, win situation. Here’s How the Circle Works. You’re thinking, “Wow, I can’t believe these people are paying me this much money to live in my house.” Your staff is thinking, “Wow, I can’t believe how nice it is working in this ALF, because the nursing home I used to work in was terrible. Your residents are thinking, “Wow, I can’t believe I get to live in such a nice place with such nice staff for only $4,000 per month, while knowing my family does not have to worry about me.” Let me guess, if I can give you one more reason to convert your rental into an ALF, you’ll do it. Well, here you go. The real estate market is terrible. Have you been watching the news? This is one thing the media got right. The real estate market is B-A-D!
Ok, since we’re all real estate investors and agents, let’s pause for a little real estate news. According to the headlines, the real estate market is going to get MUCH worse over the next three years. That is NOT bad news if you're in the assisted living facility business. People will continue to get older, and they will always need a place to live. Headlines like these actually mean an opportunity to open more assisted living facilities in foreclosures or small apartment buildings. Experts agree that the commercial real estate bubble is going to burst soon. It too falling victim to stupid lending on the commercial side of the coin. Can you think of another way to pull in up to $20,000 - $40,000 per month per house in today’s (or any) real estate market? I am willing to bet that you probably couldn't make a quick $20,000 - $40,000 profit if you could find someone to buy your house in today’s market, could you? Yes, of course I know not all of that money is going to be profit, but a lot of it will be. Remember, you’re leaving the real estate business, and entering the ALF business. A Must-Read for Any Potential Assisted Living Facility Owner!
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