This valuation has two parts. Think real estate on one side and the business on the other. You have a home which is the real estate with value. Let's talk about that first. The home is a residential property. It's a residential home in a residential neighborhood. Notice I keep stressing “residential” because as much as you think it's commercial...

            Are prospect residents and families allowed to visit multiple times before final decision is made? Yes, absolutely. You want the families to do their due diligence. - Tweet this! You want them to feel comfortable and to have all their questions answered, and it gives you an opportunity to feel them out and get an idea as...

Differentiate. Begin the wave, the tsunami; it's unstoppable. What do other investors do? What kind of competition do you have? Do you know anybody who's doing fix and flip wholesale, foreclosures, short sales? Maybe they're doing just rent homes or apartments or storage units or notes. That's exactly what most people do when it comes to real estate investing. Every RIA...

The answer is, "Yes and no." Let me explain. When I first got started, I assumed I'm going to have a big huge van, we're going to take people to the opera, and the ballet, and the senior center, and the library. You know what? Grandma isn't that mobile. She's not going out all that often. If you have a vehicle...

I had to face this question recently; smoking inside a facility. Here's the reality, most people are not going to want to have smoke anywhere near them, whether the state allows it or not, but some residents unbelievably, even they're 85 years old and having health issues, are still going to want to smoke. What I would suggest you do is...

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...