Matt Sullivan runs Southern Grace Assisted Living located in Kentucky where the state meets Illinois and Tennessee. Southern Grace is in a Frank Lloyd Wright design inspired home built in 1975.
Southern Grace is a mixed 12-bed home of singles and doubles and could net around $12,000 to $15,000 per month when full, but Matt realistically calculates some vacancy and budgets a net of $10,000 to $12,000 per month consistently. In addition, he plans to raise the rates as the word gets around and a waiting list develops.
Matt is a Worship Pastor at one of the larger churches in the area and along with his wife and son, consider Southern Grace a form of ministry. Running your own RAL gives you the ability to create the culture that you are passionate about without worry of offending a customer or your boss, since you are the boss.