RALA Success Stories: Mandi

Some opportunities are simply irresistible. Perhaps this is why Mandi became one of the first students to go through the 3-day fast track course at Residential Assisted Living Academy. Mandi moved across the country with her family, from California to Rhode Island. Upon arrival, she wanted to reinvest the money from the sale of their California home. While listening to the Real Estate Guys, she heard Gene Guarino describing the advantages of owning and operating a residential assisted living business. The investment opportunity sounded like a great idea that motivated Mandi to get started. 

Armed With The Right Resources

So, she came to the 3-day fast-track event in Phoenix and got inspired to go back to Rhode Island to pursue her RAL business. “This is something that we can make money doing,” Mandi said. “But also it’s something for the greater good of other people’s families.” Like so many of our students, Mandi’s father-in-law lived in an assisted living facility. So she had seen firsthand what the environment was like. As a result, she was magnetically drawn to the concept of providing a safe and comfortable home for seniors with quality care. 

Four Things Mandi Liked About Her Father-in-Law’s Care Home:

  1. It wasn’t a large facility, 
  2. The families were always welcome, and 
  3. The caregivers knew the family members by name.
  4. The comfort of trustworthy caregivers 

These were just some of the many benefits of residential assisted living as opposed to large nursing home alternatives. “The information provided at the 3-day fast track training was really helpful, straightforward and easy to understand,” Mandi said. “The opportunity was really easy to see and comprehend how to apply the content.” She added, “The tour of Gene’s homes was also a great experience.” 

She returned to Rhode Island and made an appointment to meet with the health department director of the assisted living. Upon explaining her plan for a RAL home, the director responded, “Well, you can’t do that here.” Mandi replied, “Why not?”

These two simple words can often change the trajectory of any plans – “why not.” Mandi exercised what we often tell RAL students to do when faced with obstacles – simply ask, “why not?” Building a RAL business is not unlike starting any other entrepreneurial endeavor. You will face obstacles. Your success depends on how you deal with every challenge that rises against you. Mandi overcame every difficulty she faced repeatedly. 

How Challenges Turn Into Success 

She completed the goal and launched her RAL home with eight bedrooms, although she is licensed for 10 and ready for expansion. All of the rooms are different sizes, some with their own bathrooms, and others with shared facilities. The monthly rate for each room is different, with an average of $4,750. After all expenses, Mandi’s net profit per month averages around $10,000 – that’s $10,000 per month for one single home. She says she accomplished her RAL home goal by simply asking questions. “Ask questions and don’t be afraid to continue to ask questions until you get the answers that you want to hear,” Mandi said.

According to the financial advisor Robert Kiyosaki, a rich person says, “How can I do something, while a poor person says this is why I can’t do something.” After all the hard work, Mandi’s assisted living business became the first residential assisted living home in Rhode Island.

How To Overcome Challenges When Starting Your Ral Home?

Accelerate your vision by reading our blogs that describes why the fast track training is helping RAL business owners succeed. 

Click: How To Start a Residential Assisted Living Home 

They found the training at the Residential Assisted Living Academy, along with assistance from the support staff to be invaluable.  As a result of the 3-day fast track training at www.RALAcademy.com they were able to save big in 3 areas:

  1. Save time, 
  2. Save money, and 
  3. Save effort with their project.

The business plan and the financial suite were incredibly helpful tools. We know exactly what’s coming and when it will arrive. We truly are at the “Right Place At The Right Time”. Visit www.RALAcademy.com  and learn how you can get ready for the next big investment opportunity of a lifetime.

RALA Success Stories: Brad & Angie

There are so many people looking for the right investment opportunity to gain financial freedom and build a legacy to leave for their children. Brad and Angie had been investing in real estate since 2005. For 15 years, they invested in rental properties, construction and spec homes, and property development. Upon hearing about the opportunity in residential assisted living, they jumped on board. “We needed this. Our community needed this. We needed this for our family,” they agreed. They both recognized how it fell in line with what they were already pursuing. Residential assisted living was a perfect fit based on their existing skills and passions. Brad dealt with the construction and zoning elements, while Angie took care of the business and management aspects of RAL operations.

How Significant Is The Ral Industry Learning Curve? 

Unfazed by the learning curve in this new market, they knew they could accomplish what they set out to do. They initially viewed residential assisted living as an extension of their rental business. They understood from the beginning that residential assisted living is the combination of real estate investment and quality senior care. In a way, this new venture can be seen as an expansion of their rental market, only to a new senior market with an emphasis on caregiving.

Challenges To Starting An Residential Assisted Living Home

One of the biggest obstacles they overcame was securing the right investors, bankers and appraisers. Residential assisted living is foreign territory for many investors and lenders. As a result, owners and operators must do their homework in order to understand how to pitch their projects to people in various markets. 

Students who attend the 3-day fast track training at Residential Assisted Living Academy learn step-by-step how to accomplish the goal of gaining investor interest. However, the initial learning curve of how to deal with investors and lenders can be challenging for those without prior experience. Conveying foreign concepts and preparing a solid business proposal are also challenging components. 

Angie says one of her biggest challenges was centered around employees and staffing. “But we always have to keep in mind why we’re doing this,” she said. “We’re wanting to provide the best quality care for seniors and give them the best experience they can get.” Everything she learned about residential assisted living goes back to the starting block of quality senior care.

Some Benefits Of Professional Ral Training 

According to Brad, one of the most important elements that got them to where they are in their RAL business is the support system. RAL Academy instructors and support staff provide ongoing help. “They’ve been there and done that,” he said. “Although the support didn’t take care of every problem.” They had to address issues specific to their state. RAL Academy gave them the blueprint needed to move forward. They were always able to pick up the phone at any time and ask questions.

“This was a major plus,” Brad said. “We wanted to hit the ground running. The help with getting the business plan done, having professionals forms, and guidelines was huge – we really couldn’t put a value on that.” They attended the three day fast track September 2016. Afterward, they consulted with contractors and architects to break ground in 2017. They had the first building up and operational in April of 2018, and their second RAL project is currently under construction.

Ral Academy Success Stories

Their first residential assisted living home is licensed for 16 residents – the rates averaged around $6,400 per person, per month. Currently, their average rates have increased to about $6,900 monthly. “Once they understand what they get and the value that we can bring, it makes a huge difference,” Brad said. The couple is looking to eventually expand to a minimum of 4-5 properties. The need for residential assisted living is great in the state of Kansas. Start working on your future today. Join the Residential Assisted Living Academy and Gene Guarino will show you how to immediately start building your RAL business. 

You Will Discover Exactly How To:

  • Find the best real estate locations for the best opportunities in RAL in your area
  • Determine if your current property is a good fit for a RAL
  • Attract the highest paying clients/residents
  • Select properties that will be suitable for a RAL
  • Attract the right investors and partners for RAL success
  • Find the right team to make your life easier and your business more successful

Gain access to the well-developed step-by-step training process, by clicking here to START YOUR JOURNEY, OWN YOUR FUTURE. Your registration will give you access to the shared knowledge of RAL expert Gene Guarino and enable you to review the Questions and Answers of other students. You don’t have to start from the ground up. Gene Guarino and the Residential Assisted Living Academy team have laid the groundwork — all you have to do is follow the successful game plan. Gene Guarino literally wrote the book on how to start a residential assisted living business, Blueprint.Now, you can start off where he ended up after years of hard work developing the Residential Assisted Living Business Accelerator.

RALA Success Stories: Jeff

It’s not uncommon for people to turn to single-family rentals when considering real estate investing, but some people are looking to launch into something big…an investment that produces and one that will last. When corporate aerospace engineer, Jeff, decided he wanted a career change, his decision was easy. He wanted to transition out of his 9-to-5 job, but needed an opportunity that would match or exceed his current income. He considered investing in rental properties, but after running the numbers, it was clear that he would need to invest in about 60 units to match his aerospace salary. That’s a lot of work.

Like so many investing in real estate and rentals, Jeff was desperately searching for an alternative solution to earn higher dividends. He joined his local Real Estate Investors Association to explore more investment opportunities. This is when he heard about residential assisted living. For Jeff it was more than simply making money.  He also wanted to make a difference. Does owning a residential assisted living business allow individuals to make money while also making a difference?

Doing Good And Doing Well

His father and his mother-in-law are both in their 80’s, and he quickly recognized how residential assisted living would give him the opportunity to provide a safe and comfortable place for them to live when they eventually need assistance. Sure, making an income was important, but this was his real motivating factor – his big why. “We could prepare for this AND have a retirement plan,” said Jeff. His 401(K) wouldn’t dictate his future any longer. Before starting his RAL business, Jeff’s exposure to assisted living was minimal. Even worse, his outlook on assisted living was not very positive at all. 

He’d previously had a disheartening conversation with an acquaintance who was running an assisted living facility. Unfortunately, this particular facility was cutting corners to make profits. As a result, Jeff had a really negative perspective about assisted living.

There are many facilities that are run poorly and take advantage of seniors. It’s no secret that there are many assisted living facilities that are run by greedy and unkind business owners, but this is not the model used by the RAL Academy. In fact, the RAL Academy blueprint is changing the way assisted living is perceived nationwide. The Academy is providing guidance and help investors and entrepreneurs do it the right way. The goal is to take care of seniors and to give them the best possible environment to age and thrive. The RAL Academy motto is “Do good and do well.”

Getting The Right Training To Train Others

Jeff attended the three day training program in Phoenix that is full of vital information and resources needed to successfully open and operate an assisted living home. “A lot of this is like drinking from a fire hose,” he said. “But thankfully there is repetition built-in.” The content is given context to help novice entrepreneurs understand the process and what needs to be done in order to take each step along the way. The 3-Day Fast Track course helps lay a lot of the foundation.

For Jeff and his wife, it’s not just about replacing his income and setting up a stable retirement plan, it’s about giving back to the people who helped him get there. Jeff has plans over the next few years to open up to 5-6 residential assisted living homes. He wants to train his caregivers to become managers and his managers to eventually become owners of their own RAL homes. His goal is to duplicate his success and to make a huge contribution to the health and wellbeing of his community’s seniors.

Launch Into Your Future Today

Check out the Residential Assisted Living Academy and learn how to immediately start building your own RAL business. 

You Will Discover Exactly How To:

  • Find the best real estate locations for the best opportunities in RAL in your area
  • Determine if your current property is a good fit for a RAL
  • Attract the highest paying clients/residents
  • Attract the right investors and partners for RAL success
  • Find and equip the right team to make your life easier and your business more successful
  • And much, much more

Gain access to the well-developed step-by-step training process, by clicking here to START YOUR JOURNEY, OWN YOUR FUTURE. Your registration will give you access to the shared knowledge of RAL expert Gene Guarino and enable you to review the Questions and Answers of other students. You don’t have to start from the ground up. Gene Guarino and the Residential Assisted Living Academy team have laid the groundwork — all you have to do is follow the successful game plan. Gene Guarino literally wrote the book on how to start a residential assisted living business, Blueprint. Now, you can start off where he ended up after years of hard work developing the Residential Assisted Living Business Accelerator.

https://rala.wistia.com/medias/jinpmaztoe

RALA Success Stories: Allyson

Nurses, firefighters, police officers and other service orientated jobs are usually occupied by people who would have a drive to start a residential assisted living business. Such is a case with former middle school teacher, Allyson. After raising three daughters, she searched for an opportunity to get involved in real estate investment. She started listening to real estate shows and investment podcasts. This is how she stumbled across Gene Guarino and the Residential Assisted Living Academy.

Allyson’s passion to help the elderly is seen through her many years volunteering in nursing homes. “When I heard about residential assisted living it lined up with a passion” she said. “It also made a ton of sense.” Allyson was looking into single-family rentals, but she realized it was going to take 20 to 30 properties to secure a decent income. Also, single-family rentals usually involve high-impact tenants. The path to residential assisted living just made more sense. What are the first steps an individual should take in order to start a successful RAL business?

When The Teacher Becomes The Student

With very limited experience in real estate, health care or financial planning, Allyson set out on a quest and right away the teacher became the student. Prior to opening her residential assisted living home in Castle Rock, CO, she attended the RAL Academy 3-Day Fast Track course where she learned everything she needed to know. Afterward, she signed up for the platinum support package in order to receive ongoing assistance from the team of experts at RAL Academy. With no prior business investment experience, Allyson regards the financial suite and all of the assistance for the investment side as incredibly vital to her success.

Having a template to simply plug in all the numbers and build a solid financial plan served as an invaluable tool. Many of the expenses required to start a residential assisted living home are foreign to newcomers. The RAL Academy saves people a lot time and money. She advises anyone getting into this industry to get connected by networking with people who are already operating RAL homes. Asking lots of questions to the right people is the key to your speedy success. “I don’t hesitate to ask,” Allyson said. “I’m not an expert, so I’m going to ask the experts.”

Ral Academy Is Graduating Successful Business Owners 

Allyson successfully opened her first RAL home. It is licensed for nine residents with rates between $4,500 to $5,300, providing both shared and private rooms and her success is something that she can now duplicate with more RAL homes.

Allyson advises anyone getting into residential assisted living to go to the RAL Academy 3-Day Fast Track training. “Get the support package and use the support team,” she said. “And network with other RAL owners in your state and community.”

She also advises people to reach out to the senior placement agencies in your area. Her perseverance and determination while building her RAL business was impressively notable. This past year, Allyson received the “Tenacity Award” at the Residential Assisted Living National Convention. We couldn’t be more proud of her and her success.
Owning and operating a successful RAL home starts with understanding two key elements of the business: real estate and senior care. This Silver Tsunami generation of baby boomers is coming and has a huge set of specific needs and wants for their twilight years. Become part of the solution by helping to provide quality senior care while securing an incredible and stable financial future.

There is a lot of information and new research needed in order to run and operate a residential assisted living home. Visit www.RALAcademy.com to learn everything from A-to-Z about the business. Gain the most success possible after attending the accelerated RAL course.

RALA Success Stories: Ed & Janelle

Some real estate investors are doing just fine making money in the business of rental properties, but they could be missing out on an opportunity of a lifetime. Complacency has the ability to keep some people from maximizing their potential. Indiana couple, Ed and Janelle, were looking for an investment opportunity more substantial than the rental properties they already owned. He spent much of his professional career in the rental housing market, and he had no plans on venturing into the residential assisted living market. Three years ago, as the owner of 20 rental properties, Ed found himself at a landlord conference in Cleveland, Ohio. During the conference, Gene Guarino spoke about the financial opportunity in residential assisted living. Ed quickly learned how he could make the same amount of money with one single-family home as he was making with 20 rentals. This reality sparked his attention and eagerness to learn more. 

What Is Your Big Why?

The most successful people are driven by the reason “why” they do what they do. The idea of making that kind of profit while providing a much-needed service for seniors is an opportunity he didn’t want to miss.

Janelle was working as a nurse. As a result, she was immediately captivated by the “do good and do well” aspiration achieved by residential assisted living. Working amongst the elderly population for years allowed her to see firsthand how their community could benefit from such a business. 

Also, her grandmother was in a nursing home – an environment that left her feeling uncomfortable. She wanted to transition her to a retirement community that was more home-like. Suddenly, along came residential assisted living. “It was meant to be,” Janelle said. 

Couples Building Successful RAL Business

One of the great things about Ed and Janelle’s story is how they complement each other. They each bring a specific skill set to the leadership and management of their RAL business. Janelle focuses on hiring, training and equipping qualified care staff, while Ed deals with the zoning, licensing, construction and the financial aspects of the business. Being able to have different ideas and coming together for the common good is what any RAL business needs. There are so many dimensions to starting, building and operating a residential assisted living home. As a result, it helps to have a second perspective on how to navigate obstacles that arise.

Ed did his homework:

  1. Contact zoning boards of neighboring towns prior to building his RAL home 
  2. Make some trial run phone calls to verify requirements in neighboring areas before contacting the officials in his area
  3. Practice interacting with city officials and learn how to communicate in their terms
  4. Get a feel of what responses will be in your community

Additionally, it is also important to shop around for financing and banks – don’t just settle. There will be some investors who simply don’t have the appetite for residential assisted living. This is primarily because they don’t know enough about the business or the profit margins. Ed and Janelle found the right lender for their 16 bedroom RAL home that will soon be open and providing quality care for seniors in an underserved market. They are projected to earn a conservative estimate of $20,000 a month, based on this one home project alone. “Although our investment experts predict that it will be much more profitable than that,” they said. Ultimately, this is what drove Ed and Janelle to make the switch from single-family rentals to residential assisted living. It was a choice between managing 20 rentals with high-impact tenants vs. managing one RAL home that provides an amazing service for seniors. “We may be slightly biased,” Ed said. “But we agree that the choice is simple.”

Start Working On Your Future Today

Ed and Janelle did not allow complacency to hold them back. After attending the 3-day fast track training at Residential Assisted Living Academy, they moved ahead with their vision. “One of the main take-aways was getting to tour Gene’s RAL homes and see them in action,” Ed said. Join the Residential Assisted Living Academy and Gene Guarino will show you how to immediately start building your RAL business. 

You Will Discover Exactly How To:

  • Find the best real estate locations for the best opportunities in RAL in your area
  • Determine if your current property is a good fit for a RAL
  • Attract the highest paying clients/residents
  • Select properties that will be suitable for a RAL
  • Attract the right investors and partners for RAL success
  • Find the right team to make your life easier and your business more successful

Gain access to the well-developed step-by-step training process, by clicking here to START YOUR JOURNEY, OWN YOUR FUTURE. Your registration will give you access to the shared knowledge of RAL expert Gene Guarino and enable you to review the Questions and Answers of other students. You don’t have to start from the ground up. Gene Guarino and the Residential Assisted Living Academy team have laid the groundwork — all you have to do is follow the successful game plan. Gene Guarino literally wrote the book on how to start a residential assisted living business, Blueprint.Now, you can start off where he ended up after years of hard work developing the Residential Assisted Living Business Accelerator.

RALA Success Stories: Kevin and Heather

Doing Good and Doing Well is the motto of the Residential Assisted Living Academy. This motto is quickly becoming a reality amongst students who attend the 3-day fast track course. Husband and wife team Kevin and Heather started in the real estate market with a small rental. Kevin aimed to protect and serve others as a police officer, while Heather dedicated her life to helping patients as a nurse. They were both influenced by Robert Kiyosaki’s book, “Rich Dad, Poor Dad.” Kevin says he started listening to investment and real estate podcasts when he stumbled upon Gene Guarino. During the podcast, Gene Guarino was explaining the investment opportunity available with residential assisted living. They quickly envisioned senior housing as the marriage between their passions and occupations – together, these two as one, became a stable business investment. 

Getting The Right Training To Get Started

Kevin and Heather started by going through the online home study course. The content motivated them to go to the next level of learning. As a result, they registered for the 3-day fast track course in Phoenix, Arizona. The live course offered many more components than the online study, including:

  • The ability to see the business modeled in action
  • The opportunity to network with others in the business
  • The motivation from experienced trainers who are operating their own successful RAL businesses
  • And much more

Heather and Kevin remained persistent. After searching a few dozen homes, securing 4-5 contracts along their journey, various circumstances changed their course. Roadblocks are a part of any new entrepreneurial endeavor. The difference between those who are successful and those who fail usually boils down to how they handle obstacles. Heather and Kevin knew what they wanted to accomplish, and they didn’t let anything stop them.

Location Is An Important Part Of The Process

Scottsdale, Phoenix and Paradise Valley are the major cities in the greater Phoenix area that are populated with senior living.

Location is critical when starting a residential assisted living business and at first it seemed like one of these would be the smart choice. But Kevin and Heather had a plan to provide quality senior housing in their home city of Gilbert. They did their homework, conducted market research, and spoke to other assisted living operators in the area. In the process, they discovered a great need for assisted living housing in their own area. 

They purchased a house for $760,000 with renovation and construction costs around $250,000. Their RAL home has its license for 10 residents, and is fully occupied. Currently, their net profit is between $10,000 and $15,000 per month. They are now searching the nearby area with hopes of duplicating their success. 

How To Overcome Challenges When Starting Your Ral Home?

Kevin and Heather’s mantra for facing obstacles was “move forward in faith.” You are going to face many challenges. “It is going to take time,” they agreed. “But it is worth it.” They found the training at the Residential Assisted Living Academy, along with assistance from the support staff to be invaluable. As a result of the 3-day fast track training at www.RALAcademy.com they were able to save big in 3 areas:

  1. Save time, 
  2. Save money, and 
  3. Save effort with their project.

The business plan and the financial suite were incredibly helpful tools. They helped Kevin and Heather overcome difficulties by providing them with guidance in tackling the financial side of starting their RAL business.

What’s Your Why? RALA Success Stories with Timothy & Helga

Success and happiness start when you keep your Big Why in the forefront of your business endeavor, the same is true in residential assisted living. Most self-made millionaires attribute their success to their Big Why. It’s not about having the right Big Why; it’s about having “A Big Why”.  So let’s get you ready for your success. Students who go through the Residential Assisted Living Academy 3-day fast track training learn the importance of embracing their Big Why. Music theory professor and professional musician, Timothy and Helga attended the training. Afterward, they turned their single-family rentals into an amazing RAL business. They aimed to broaden their investment and create a lasting legacy by helping others. As a result, they turned to residential assisted living.

For successful entrepreneurs, it’s all about the Big Why. Why do you do what you do? What drives you?

Identifying Your Big Why

  1. Are you looking for something that’s going to take less time to make more money? 
  2. Are you hoping to reduce or even eliminate your weekly work hours? 
  3. Do you want to remove your income limitations? 
  4. Do you seek the freedom to live where you want to live, even if your business is in a different location? 
  5. Do you crave the opportunity to help other people? 

What is your Big Why? Maybe take a few moments to think about it. What matters to you, what drives you, what are you passionate about? Then write it down so that it is clear and in front of you. 

Passion And Perseverance

Timothy and Helga got their start in residential assisted living by remodeling their own home into a 10-bed, 11-bath RAL facility. The care they provide their residents is focused on holistic health, with advanced nutrition programs, mental and physical exercise, music therapy and much more. Their greatest piece of advice they give individuals who are interested in this business is to “know your why.” Find your purpose and fully embrace it.

Timothy was a professor of music theory for 30 years,  and Helga is a violinist with the Arizona Opera. Now, they are working in harmony to do good and do well by providing quality care for seniors in residential assisted living. 

Timothy and Helga said two phrases stuck in their minds from the 3-day fast track training at Residential Assisted Living Academy. “Go big” and “Do good and do well.” These are the motivations they used to fuel their big why. “It’s not always as simple as just identifying what you like most in life and pursuing it,” Timothy said. “Unfortunately for most, life usually doesn’t work that easy.” He explained that everything comes with a cost. “Everything we do, every choice we make and every job we have comes with consequences and often a bit of struggle,” Timothy said. “That’s why it is so important to have a ‘why’ for the things we do and the opportunities that we pursue.”

A wise person once said “everything sucks, some of the time.” Despite the negative tone, it’s important to recognize that there will be difficulties ahead regardless of what career or industry you decide to pursue. There are always costs, and fulfilling your ambitions is no different. During the most challenging moments is when your big why will become more relevant. Stay the course. Your big why has to be about more than just making money. Timothy and Helga wanted to make a difference in the lives of the people in their community. And that is exactly what they are successfully doing now. Their passion drove them to start their own residential assisted living business.

Taking Action After Researching The Industry 

Research is a good start. Now dig deeper. Ask yourself, “Why do I really want that?” Ask yourself why at least five times like a 5-years-old asking questions after you’ve given them an answer. Digging deep is how you will get to your “Big Why.”  Once you’ve identified your Big Why, you will be able to quickly determine which of these ways will best support your goals. 

So, What Are You Really Looking for? 

  • Are you looking for the ability to make a lot of money? 
  • Are you searching for the ability to help other people?
  • Do you want residual income? 
  • Do you want respect? 
  • Do you want a career that others look at and say, “I wish I’d thought of that?” or “You were so smart for seeing this massive demand for housing and seizing this opportunity?” 
  • Do you want to work on a project that will take you less than one year to attain financial freedom? 
  • Do you want a business that can produce income for the rest of your life, for your kids, and even for your kid’s kids? 

Accelerating Your Vision With Ral Academy

It’s no secret that RAL Academy is the most comprehensive course for entrepreneurs hoping to learn about the assisted living industry. To learn more about accelerating your big why, visit: Why the RAL Academy 3-Day Fast Track is Your Best First Step in Assisted Living. Register today for the next 3-day course because each class fills quickly. Like Timothy and Helga, converting your home can be a great idea, but there’s a lot to consider and a lot more to learn.  Get started by gaining the necessary information and education from the Residential Assisted Living Academy by registering at www.RALAcademy.com.

RALA Success Stories: Justin

Starting a successful residential assisted living business has a lot to do with understanding the systems. Justin effectively gained the real estate investment and senior care training needed to start his elderly care home from the Residential Assisted Living Academy. After spending years attending countless real estate education programs, he was drawn to the RAL model after attending the 1-day training in Kansas City, Missouri. He initially heard about Gene Guarino and the RAL Academy while listening to The Real Estate Guys. Shortly after attending the 1-day training, Justin registered for the 3-day fast track course in Phoenix, Arizona. According to Justin, the family-like support that he received from the RAL Academy helped him to overcome many obstacles.

The difference between the investment training he received from RAL Academy as opposed to others is learning how the systems should be put in place.

 “It’s all about the systems,” he said. Now, his high-end 12 resident home is up and running with a 20-25% profitability margin. That is just amazing! When Justin met Gene, he had experience with fix-and-flip homes and some rental properties. He was impressed with Gene’s passion, investment knowledge and the model that he developed for residential assisted living. Justin was in search of a more profitable investment.  Despite his previous experience with other real estate assets, the profit margins were not what he expected, and it wasn’t worth the time, energy and investment. Justin decided to take a different route after attending the 3-day training course in Phoenix. “I’ve never really seen the level of help that comes with working together. It’s more of a family, working together,” he said. “You have problems, but at every turn, there’s an overcoming of problems together.”

The Reason Why Location Is Everything

Justin understood the importance of finding the right location. The RAL Academy suggests that students find a big box facility and set up right down the street. If you’re right near a big box assisted living facility, then chances are, you’re in the right place. Large assisted living facilities require vast amounts of capital and investors, and if they are at all competent, market research has a lot to do with their location. Why reinvent the wheel when RAL Academy has a proven strategy that works? Location is critical in our industry. Even if you own the property already, that doesn’t mean you should necessarily use it for assisted living. While we place a lot of emphasis on location, there are actually 5 keys to success for owning and operating a profitable residential assisted living home. Each key is taught during the RAL Academy 3-day training course. 

Three Reasons Why Location Is Important: 

  • Demographics 
  • Economics 
  • Competition

The location of your RAL home can make or break your business. Location plays a factor in increasing or decreasing your monthly net income. The location also plays a factor when it comes to hiring and retaining employees. Location is key. The relationship between the business and the location is all about finding that sweet spot. In addition to finding the right location, Justin gained an understanding of market feasibility.

Market Feasibility 

When you get started looking for investors or capital, people are going to ask you if you have a market feasibility study.  Again, use the resources of the big-box facility. Market feasibility studies for these types of real estate developments usually cost thousands of dollars. Inquire about the big-box market feasibility and use it for your RAL home. Justin’s gross revenue for his RAL homes is projected at around $950,000 with a 20-25% profitability.

5 Key Components of a Market Research Feasibility Study

  • Stakeholder In-Depth Interviews (IDIs): These stakeholders can range from key personnel in the organization, outside the organization, those involved in the local economy or any other stakeholders who may offer credible feedback and play a role in your business plans.
  • Demographic Assessment and Trend Analysis: This involves secondary research and analyzing the market. Information is collected for the market with regards to population trends, age, consumer expenditures, education and any other relevant demographic statistics that would impact the feasibility of the project. 
  • Quantitative Survey: This is the portion of the market research project where primary data is collected among end-users. The questions are focused on current usage, predicted usage, and understanding of the impact the new business idea will have on the market. 
  • Competitive Assessment – The competitive assessment takes a look at like-competitors in the market area that will impact your new business. Analyzing competitors also helps our clients understand service or product gaps in which they can market themselves.
  • Demand Model/Estimates with Recommendations – Use the findings from the first four components to create a demand model. The demand model will estimate/predict the likelihood and habits of end-users for the new business you are testing. The demand estimates use predictive modeling to offer a rough figure based on the combination of known factors and assumptions. 

Why Residential Assisted Living Will Benefit Businesses For The Next 20 Years

Accelerate your vision by reading our blogs that describe why fast track training is helping RAL business owners succeed. 

https://residentialassistedlivingacademy.com/why-ral-academy-3day-fast-track-your-best-first-step-assisted-living/

There are three good reasons why RAL business owners, operators, and investors will benefit from senior assisted living:

  1. Smaller homes are safer for the residents because they have less exposure to others than they would have in a “Big Box” Community. It’s safer for the caregivers also. 
  2. Interest rates are low, which makes it easier to buy a property and to fund your project. 
  3. The demographic shift that is happening is unstoppable. The Silver Tsunami of Seniors is coming. So the demand will be there.

We know exactly what’s coming and when it will arrive. We truly are at the “Right Place At The Right Time”. Visit www.RALAcademy.com  and learn how you can get ready for the next big investment opportunity of a lifetime.

RALA Success Stories: Donald & Talinda

Donald and Talinda Kelly hit a home run with their new custom-designed senior housing, after attending the Residential Assisted Living Academy. “God was leading me,” Don said. “And then (Gene) came up.” After attending the RAL Academy’s 3-day fast track course, Don insisted that his wife sign up to see what it was all about. She suggested the online classes, but Don was determined to get Talinda in the 3-day course. “Gene takes (students) to tour his level 3, 4 and 5 homes,” Donald said.  “You get to see, touch and feel, you get class interaction – you really need to go.”

In March, Talinda registered for the 3-day RAL Academy course. “I get it now.” She said. “Let’s do this.” Also in March, they were approved and started their business. “It was a God-send,” Don said. “Once I left the class I was empowered.” This is the right time to sign up. Today, there’s a silver tsunami of seniors, estimated at 77 million baby boomers, with 10,000 people turning age 65 every day, and 4,000 turning age 85. The Kelly’s Kansas City assisted living home is meeting the needs of these aging seniors and is a heart-warming success for the RAL industry nationwide.

Good News Spreads Fast

The must-read story is spreading fast. Recently, KCTV Channel 5 News reporter, Betsy Webster, featured RAL Academy student Don Kelly in an article titled, Senior home in Johnson County is a landmark first. Assisted living homes are generating media attention across the country, but this success story is quite unique. Don’s childhood is marked by humble beginnings, growing up across the street from Municipal Stadium. It was Christmas day 1971 when the Chiefs vs. Dolphins playoff game was the longest in NFL history at Municipal Stadium. Jackie Robinson, the first black Major League Baseball player, broke the baseball color line when he played for the Brooklyn Dodgers. Robinson’s journey started at Municipal Stadium playing for the Kansas City Monarchs in 1945. During Kelly’s childhood, he was not able to step foot into the legendary stadium, because his family couldn’t afford tickets. That didn’t stop him from capturing clips in his consciousness while watching from their third-story window.

Stadium To Senior Living Home

Thirty years later, they purchased the entire vacant block where the municipal stadium once stood. The couple built Our Home Senior Care, an assisted living residential home with 12 bedrooms, 6,600 square feet and luxury touches throughout. A black kid raised across the street from a stadium that he couldn’t afford admission, now owns the land and the first senior home in Johnson County. They named it Monarch Manor, honoring the legendary Negro Leagues team that once played baseball there. The Monarch Manor is not a big box nursing facility. It offers a much greater level of care, more independence, and a family-style feel. Don is also a church pastor and he says that his entrepreneurial enthusiasm comes from God, and his fearless confidence is inspired by faith and family. His vision is to combine construction with connection – the power couple plans to build more assisted living homes.

What’s Stopping Some People From Pursuing Opportunities

  • Personal Limitations
  • Lack of Passion 
  • Lack of Persistence 
  • Talking Oneself Out of a Good Thing
  • Fear 
  • Ill-Equipped 
  • Lack of Examples to Follow

Donald says, successful people are usually the ones who push through obstacles, find others who have succeeded and learn from them. “When they don’t have the answers they usually keep asking until they get them,” he said. Donald had experience with homebuilding and found business quite difficult through the economic downturn of 2008. 

He persisted with a “can do” attitude.  It was after his business began rebuilding that he came across the RAL Academy. One of the responses they often get from residents and people who tour their RAL facility is that “it feels like home.” 

People often reply that “this is the kind of place that I could live in.” Their business model also includes comprehensive support for residents who need memory care and adult day services.

Doing Good And Doing Well

What is the shared motivation between Donald and Talinda Kelly that fuels their success in residential assisted living? “We are only blessed so we can be a blessing,” Donald said.

Talinda’s passion to do good is motivated by interacting with her mom in rehab. Frustrated by the limited resident-to-caregiver ratio, she wanted to make a difference. “It inspired us to do something better, instead of complaining about it,” Talinda said. “We can build something, we can do something.” As a result, their journey to do good and do well started with the Residential Assisted Living Academy. Residential assisted living is the largest market growth opportunity in a generation.

The 3-Day RALAcademy course is putting people on a fast track to support and success. Students are learning how to capitalize on this mega-trend. Step-by-step students are learning A-Z how to secure a RAL business. Some students say the courses are inspired by God. RAL Academy owner, Gene Guarino, is determined to do good and do well, while sharing his success secrets with others. Visit www.RALAcademy.com to learn more about how Donald and Talinda Kelly hit a homerun their first time in the ballpark of residential assisted living. According to Donald, “The thing that separates successful people from the rest is persistence mixed with passion.”

RALAcademy Students Hitting Home Runs

Donald and Talinda Kelly Success Story

Donald and Talinda Kelly hit a home run with their new custom-designed senior housing, after attending the Residential Assisted Living Academy. “God was leading me,” Don said. “And then (Gene) came up.”

After attending the RALA 3-day fast track course, Don insisted that his wife sign up to see what it was all about. She suggested the online classes, but Don was determined to get Talinda in the 3-day course. “Gene takes (students) to tour his level 3, 4 and 5 homes,” Donald said.  “You get to see, touch and feel, you get class interaction – you really need to go.”

In March, Talinda registered for the 3-day RALAcademy course. “I get it now.” She said. “Let’s do this.” Also in March, they were approved and started their business. “It was a God-send,” Don said. “Once I left the class I was empowered.” This is the right time to sign up.

Today, there’s a silver tsunami of seniors, estimated at 77 million baby boomers, with 10,000 people turning age 65 everyday, and 4,000 turning age 85.

The Kelly’s Kansas City assisted living home is a heart-wrenching success for the RAL industry nationwide.

The Good News

The must-read story is spreading fast.

Recently, KCTV Channel 5 News reporter, Betsy Webster, featured RALA student Don Kelly in an article titled, Senior home in Johnson County is a landmark first.

Assisted living homes are generating media attention across the country, but this success story is quite unique.

Don’s childhood is marked by humble beginnings, growing up across the street from Municipal Stadium.

It was Christmas day 1971 when the Chiefs vs. Dolphins playoff game was the longest in NFL history at Municipal Stadium.

Jackie Robinson, the first black Major League Baseball player, broke the baseball color line when he played for the Brooklyn Dodgers.

Robinson’s journey started at Municipal Stadium playing for the Kansas City Monarchs in 1945.

During Kelly’s childhood, he was not able to step foot into the legendary stadium, because his family couldn’t afford tickets.

That didn’t stop him from capturing clips in his conscious while watching from their third-story window.

Municipal Stadium to Senior Living Home

Thirty years later, they purchased the entire vacant block where the stadium once stood.

The couple built Our Home Senior Care, an assisted living residential home with 12 bedrooms and luxury touches throughout.

A black kid raised across the street from a stadium that he couldn’t afford admission, now owns the land and the first senior home in Johnson County.

They named it Monarch Manor, honoring the legendary Negro Leagues team that once played baseball there.

The Monarch Manor is not a big box nursing facility. It offers a much greater level of care, more independence, and a family-style feel.

Don is also a church pastor that says his entrepreneurial enthusiasm comes from God, and his fearless confidence is inspired by faith and family.

His vision is to combine construction with connection – the power couple plans to build more assisted living homes.

Doing Good and Doing Well

Residential Assisted Living is the largest market growth opportunity in a generation.

The 3-Day RALAcademy course is putting people on a fast track to support and success. Students are learning how to capitalize on this mega-trend.

Step-by-step students are learning A-Z how to secure a RAL business. Some students say the courses are inspired by God.

RALAcademy owner, Gene Guarino, is determined to do good and do well, while sharing his success secrets with others.

Visit www.RALAcademy.com to learn more about how Donald and Talinda Kelly hit a homerun their first time in the ball park of residential assisted living.