Who takes care of the residents when it comes to bathing and taking care of their toileting and so on? It's not me. That's not my job, it's not what I'm going to suggest that you do either; that is what the caregivers do. The caregivers are taking care of the residents’ "activities of daily living". That's does not include medical....

What do you really want?                                         And why do you want it? Those two questions should be at the core of everything we do, especially in the investment world. It empowers you to look at the risks vs. the benefits of...

Like almost all families, when my mom entered advanced aging and needed help, my siblings and I couldn't find the support we were looking for. Mom needed help every day and I couldn't quit my job to do that for her – I had children to provide for, after all. My brothers and sisters had the same situation. We quickly realized...

After we opened our second Residential Assisted Living home, my wife and I were standing in the master bedroom, looked at each other and said, "You know what? We could move in here later." I am fifty-five, and my wife is not far behind me. When I'm eighty-five, I'm going to need help. Like many people my age, having seen...

As of 2016, the national average for a private room is $3,600 per month. I want to stress that is for an average home. My guess is most of you are going to go to one of those homes (average) and say "I don't want to live there. I want to live in above average." The $3,600 is the average,...

  After all research is done, you have finally found a prospect Assisted Living Home. Ii is in the right location. What's the next step?" You need to have the answer to the question: What will they be willing or able to pay? Who's "they"? Who is going to pay? The residents or their family? - Tweet this! Keep in mind, the resident...

A question came up recently: does the staff handle the residents' money? Here's the deal, if somebody, a resident brings money or anything of value into the home, there isn't anything that could happen. I trust my staff, that's why I hired them. I have done background checks and all other checking needed. My question is” if somebody brings money in, what are...

Meals and food, in general, is important in assisted living because that's one of the things the residents look forward to the menu and dining. One of the things that you must do is provide nutritious meals, three meals a day with snacks in between. What typically happens in assisted living is that the caregivers are responsible for shopping for...

One of the questions we get is: “How about the caregivers, are they live-in or do they do shifts?” The answer is: it depends. Usually, when you are just getting started, you're probably going to have a caregiver who is going to be live-in. He or she is going to take care of the residents during the day and at night;...

The federal government gives money to the state government for Medicare. The state then creates their own program based on the needs of the residents in their state. Most states have a formula that basically say that a senior should prove that he/she had no income and no assets.   Tip: Assets will be liquidated and spent on the senior’s care before...