Smaller Is Better for Investors

There are some positive trends concerning the need for assisted living to go smaller due to the health and security benefits during the COVID era.

In addition to the personal demands of the Baby Boomer demographic, there is a shift away from large nursing facilities to smaller residential homes in the wake of the Coronavirus.

This shift toward “Smaller is Better” is reaping huge dividends for savvy investors.

THE RISING DEMAND OF SMALL ASSISTED LIVING HOMES

Who said, “bigger is better”? Since when has “big” always meant better, stronger, or more productive?

This may have been the idea at the dawn of the industrial revolution in America, but it has dwindled in the information revolution. Why?

The needs of Americans have changed.

Flexibility, speed, and adjustment supersede big, clunky, and slow. Why? Life has changed. Americans no longer reside in one location for multiple decades.

This has become the reality for seniors, especially Baby Boomers. Relocation is a part of everyday life in America and flexibility matters. In addition, COVID-19 has currently disrupted our way of living. Flexibility is more vital today than it has been in the past 25 years. The sheer size of many nursing home facilities is unconducive and counterproductive to flexibility.

What we have discovered in the senior living industry is bigger absolutely does not equate to better.

What can be done to combat the pandemic among seniors? What needs to happen to ensure safety for our seniors?

SMALLER AND SLEEKER IS SAFER

Residential assisted living continues to revolutionize the senior living industry. The big box senior living industry is positively affected by the growing number of smaller residential assisted living homes throughout America.

COVID-19 hit large senior living facilities hard, but smaller residential assisted living homes are better at weathering pandemics. How so?

Smaller number of residents, smaller more responsible staff, and flexibility in operating makes for a safer more conducive environment. Seniors residing in residential assisted living homes are able to maintain safe social interaction while receiving quality care.

One more thing as to why smaller residential assisted living homes are best. Baby Boomers do not want to reside in traditional nursing facilities. Therefore, the demographic shift in the market favors residential assisted living.

Are you ready to meet the needs of this demographic? Are you interested in providing a safe and socially interactive environment for seniors?

Join the Residential Assisted Living Academy today.

SMALL HOUSE SUCCESS

The earlier presumption, “Smaller and Sleeker is Safe” is why so much success has been associated with residential assisted living. Many big box senior living facilities have had to cease all visitation of any kind in order to prevent the spread of COVID-19.

This means of preserving health comes at a large expense – growth. Without proper tours, residents are far less likely to move-in. Things are much different in residential assisted living homes.

Most importantly, the daily life of residents in smaller homes have changed very little because they are smaller, more carefully supervised and far more flexible. Disease mitigation measures are easier to implement in residential assisted living homes.

Furthermore, the number of visitors is far less and can easily be adjusted to accommodate safety measures. As the pandemic continues, the numbers are proving that smaller is safer.

For instance, the Green House Project, a nonprofit senior living organization has under its auspices 268 small skilled homes.

Out of 245 residents, 9 have been affected by COVID-19, with 3 residents fully recovering. These numbers are outstanding in comparison to what news reports have shown Americans in the larger facilities.

The RAL Home Has A Variety of Advantages

  1. Baby Boomers want the independence offered in the Residential Assisted Living home.
  2. The comforts of “home” are available in the Residential Assisted Living home.
  3. The presence of a neighborhood makes residents more comfortable.
  4. The quality of care is more personalized.
  5. Meals are more suited to the resident’s desires.
  6. External traffic is far less in the Residential Assisted Living home.
  7. Safety measures are more easily and comprehensively implemented.
  8. COVID-19 mitigation necessities are more easily implemented without compromising socialization.

Industry experts favor the ability of residential assisted living homes to deal with pandemics far better than a larger facility.

Smaller homes are simply conducive to adjusting, quarantining, tracking, and protecting residents from the spread of the virus. How so?

  1. Residents can easily be quarantined or relocated for the safety of all.
  2. Changes in demeanor are noticed much quicker when fewer residents are under the care of one staff person.
  3. The emergence of symptoms, even very early-on, are noticed much quicker in patients in the RAL home as opposed to the larger facility. Especially some of the more subtle ones:
    1. Loss of taste
    2. Loss of appetite
    3. Loss of smell
    4. Low grade fever
  4. A quicker initiation of treatment or hospitalization seems to be easier to execute in the RAL home as opposed to the larger facility.

To be honest, it is common sense.

Residential assisted living homes with 5 to 15 beds can react and mitigate disease spread far better than a facility with 150 to 200 beds.

The sheer numbers favor smaller homes. So, it is safe to say, smaller is not only safer, it is the way of the future for assisted living.

OVERCOMING PROBLEMS WITH SOLUTION

While demographic shifts are occurring geographically, many people choose to reside where they have for many years. In other words, people in America live in urban, suburban and rural communities. What’s the significance?

Developers have noticed how residential assisted living homes are adaptable in any setting. These homes are just as effective in suburban-America and urban-America as they are in rural-America. They fit anywhere.

In addition, staff can be adequately protected and situated to prevent the spread as well. The same staff can assist the same patients on an ongoing basis.

Therefore, as long as personal protective equipment is available and specialized training is implemented, staff can care for a patient quite well. If hospitalization becomes necessary, this decision can be made early on in efforts to preserve health and save lives.

While the residential assisted living home offers multiple benefits, building or transitioning an existing home comes with challenges.

  1. Building permits can be difficult to obtain in certain states and cities. Make sure you understand this process.
  2. Shifting regulations are becoming more common because municipalities and state agencies are learning how to regulate these facilities.
  3. Inspectors unfamiliar with the model may give the investor/owner the “run around,” unnecessarily, due to their lack of understanding of the systems in the smaller facilities.
  4. Construction familiarity is still an issue. Some contractors are not familiar with building or redesigning properties to fit the needs. It’s a learning process for a contractor. So, having the understanding of the process from RAL experts can save you precious time and money in construction/remodeling.
  5. Cost Management is key. Make sure you manage the budget well and account for “hiccups” in construction, licensing, inspection, and other regulatory challenges.

THE RESIDENTIAL ASSISTED LIVING ACADEMY REVOLUTIONIZING THE INDUSTRY

No matter what obstacle is placed in your path as an investor, owner or operator, the Residential Assisted Living Academy has the support needed to succeed.

Who said, “bigger is better?” What year is this? Let’s be honest, in our technologically savvy society, flexibility is key to success.

Smaller and sleeker is the way, and when you own and operate a Residential Assisted Living home you can reap your big profits.

Learn how by aligning yourself with the Residential Assisted Living Academy now.

Gene Guarino and his team of experts are revolutionizing the industry with a model for small residential assisted living homes.

You won’t regret attending the 3-day course to learn everything from A-Z about investing, owning and operating small residential assisted living homes.