Learn how you can build a successful—and sustainable—business leveraging the best real estate opportunity for the next 25 years!
Register for our free RAL 101 Introduction Course below.
RAL is an opportunity to create a financial legacy for your family while providing a real solution to a real need for real people.
Register for the FREE RAL 101 Introduction Course
First time hearing about Residential Assisted Living? Want to know how it works or how it will work for you?
This free training taught by RALAcademy Founder, Gene Guarino, will answer every question and will give you peace of mind and confidence as you move forward into the lucrative world of Residential Assisted Living.
The profound expertise of our team, deep understanding of all business aspects, ideal knowledge of processes will help to deal with various issues.
We create unique and innovative solutions for our customers along with the high-quality support & services with a personal approach to any case. Feel free to entrust your business to our experts, and you’ll see the difference!
Gene’s
Gene’s
Gene’s
Residential Assisted Living Business Owner
When Carla asked around she discovered that others in Albuquerque, New Mexico who have tried to open up a new home have taken up to two years. Carla told us that instead of taking months or years to get everything set up, she took a class in February and had a business in July!
It’s hard work, but if you follow Gene’s plan and put in the effort, you can open the front door to your very own residential assisted living facility!
Residential Assisted Living Business Owner
Hal is like a lot of our most successful students. They are brand new to residential assisted living and don’t know much about it — and after working with Gene they pick up what they need to know and are off to the races.
The reality that you can run a property from another state without fooling with rental property management companies is what appealed to Hal.
When you see how do-able it is to open your own home and how lucrative it is, there is no reason why you would mess with rental properties. You can achieve so much more with residential assisted living.
Residential Assisted Living Business Owner
Donald heard Gene at a REIA event and knew this was it. He and his wife had been preparing for an opportunity for residual income. Donald experienced the class called his wife and then she attended, then they were truly on the “FAST TRACK” to success.
Residential Assisted Living Business Owner
Tommy and Jana Gillis are a great example of RALA students that believe if you just keep going on the path you planned you will reach your goal, even if it takes a little longer than expected.
Residential Assisted Living Business Owner
One of the greatest things about owning an RAL for Matt is the moment when a family member comes to him and expresses how having a home like this has changed the resident’s and the resident’s family for the better.
What Does It Cost To Live in a Residential Assisted Living Home?
The average in America today is $4,000 per month for a private room in assisted living. That includes everything from Medicare, Medicaid, to the highest privately paid. The idea of $4,000 is average bu you’re more than likely going to be above average. You wouldn’t want to put mom in an average place, when you pull up you don’t even want to slow down the car.
Average or above, so $4,000 to $6,000 a month is what people pay for private assisted living homes. That’s the sweet spot, that’s the focus, that’s what we teach people how to do. That’s who you should plan on paying if you’re going to move into somebody else’s home. If you want to live for free, start your own home.
How can people afford Residential Assisted Living?
Five, six, $8,000 a month, that’s a lot of money. How do people afford it? We don’t focus on Medicare and Medicaid. We focus on private-pay, so whether it be longterm care insurance or an individual’s income stream from their pension, social security, or liquidating assets — like their own home or other assets and investments — to pay for their assisted living. This is what people typically do for assisted living.
In the even there is a senior who doesn’t have access to those assets, it’s their kids who are taking care of the costs.
So, how do people afford it? Frankly, they take care of it any way they can because they love mom and dad. The seniors we serve have families who make sure their parents have the very best care.
Can I do residential assisted living with or without my own money?
Yes, you can! We show our students how to do RAL with their own money or how to use other people’s money. When you think about it, borrowing from a bank is borrowing other people’s money. When you bring in outside lenders, investors, or private individuals those are all options utilizing other people’s money.
A lot of times people will think, “Oh, I have to have skin in the game,” and they believe they have to have their own money in. That’s not how we think about it. If you’re putting in the time, the effort, you have the plan, and you’re willing to do the work, you’re putting a lot of skin in the game.
Others have the money and are looking for something or somebody to invest in. That can be you! But you need to know what you’re doing. That’s where we come in. We’ll show you exactly what to do — whether using your own money or someone else’s. The choice is yours. You decide.
Can I use my own house for residential assisted living?
You have a home now — can you use it as a residential assisted living home? Maybe yes — but just because you could doesn’t mean you should. The biggest and most important piece of this puzzle is location, location, location. Is it near the right people? Is it near the right demographic?
If it’s near a college campus where the average age is 30 years old and these 30 year olds have parents in their 50s and 60s who are not in assisted living, that’s not an ideal location.
However, if your home is in an area where the average age is 50-60 years old and their parents are 80 and 90 years old, that’s the right neighborhood.
You’ll then want to look at economics. Are the residents in the area middle and below or middle and above? A successful residential assisted living property will want residents in the upper middle income, making location critical.
You don’t need to worry about the home structure, itself. We can scrape it away and build it new. It’s the location that we want to be certain is a fit.
A proven formula to provide your family with significant ongoing monthly cash flow and protect them from market fluctuations.
