Ever wondered about The Future of Senior Care and how you could turn a single-family home into a profitable business while helping seniors? This episode of Money Focused Podcast is all about that! Isabelle Guarino, COO of Residential Assisted Living Academy, shares her inspiring journey. It all started with her quest to find quality care for her grandmother, which led to a booming business in residential assisted living (RAL). We dive into the business model, licensing requirements, and how to run these facilities smoothly, even from a hands-off position once your systems are set up. Isabelle debunks myths about using single-family homes for senior care and highlights the amazing benefits. These homes offer personalized care that’s often better than larger facilities, thanks to the Federal Fair Housing Act. We also talk about the growing demand for senior housing, driven by the "silver tsunami" of baby boomers, and the economic opportunities this brings. Isabelle breaks down the typical income and expenses to show how profitable this can be. You'll learn how modern technology enhances senior care and get practical tips on starting in the RAL industry, including training programs and funding options like SBA 7A loans. Don’t miss out on this chance to learn, grow, and make a difference in the lives of seniors while exploring the future of senior care!
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