What You Need to Know About Senior Assisted Living And Memory Care
This podcast features Vinney Chopra, the host of Apartment Syndication Made Easy, interviewing Isabelle Guarino. The discussion is about residential assisted living, which is a type of senior living that focuses on providing care in a home-like environment. It is different from commercial senior living facilities, as it involves a single-family home with around 6 to 16 beds, where seniors get 24/7 care, medication management, and all necessary activities and camaraderie they need.
Residential assisted living homes are available in all 50 states, with around 30,000 such homes across the country. One can get involved in residential assisted living in several ways, such as buying land and building a custom home, buying a single-family home and converting it, buying an existing home, or leasing a home to use for this purpose.
There is a growing need for senior living facilities due to the increasing number of baby boomers turning 65 every day. Residential assisted living is a viable option for seniors who prefer a smaller, home-like environment with personalized care, activities, and companionship. These homes can accommodate between 6 to 16 residents, depending on state and local regulations.
It is essential to research and understand the regulations and requirements in the state and local area before starting a residential assisted living business.
