We have been pointing this out for years! Get in now while the demand is high and start learning how to start and replicate your very own residential assisted living business.
The need is high now and expected to keep increasing. The demand is projected to double by 2031.
If you don’t answer the call, no problem.
You keep doing your thing, working for someone else, getting paid whatever they will pay you. And the seniors who desperately need living options will continue to struggle to find quality homes and affordable options.
The time to get into this business has never been better than it is right now.
There is ample opportunity to gain a stable, high cash flow business releasing you from the 9-5.
Founder of Residential Assisted Living Academy, Gene Guarino, explains why senior housing is such a hot topic. The aging baby boomer demographic entering their senior years has created an explosive market.
Currently, there are not enough assisted living beds to accommodate the rising need, making senior housing a huge opportunity.
Guarino says this current crisis can shift into an opportunity for individuals positioning themselves to do good and do well.
THE START-UP PROCESS
Even with the best training, the start-up process is simple, but not easy. There will be challenges. Difficulties can include licensing, location, zoning, and more, but we have the support and resources in place to help individuals succeed.
Newcomers can glean from the mistakes others have made as well as learning from their successes. There is a huge crisis impacting seniors, and this provides a great opportunity for countless
entrepreneurs nationwide to help while also making significant cash flow.
We are all aging, and so are our parents. I always tell people that everyone will get involved in assisted living in one way or another. Either we will own the real estate, operate an assisted living home, or occupy the bed.
Residential assisted living is the combined business component of real estate and assisted living.
The elder-care market is worth an estimated $350 billion. Business owners can take advantage of this opportunity anywhere in the country.
The United States isn’t the first country to experience an accelerated rate of growth in senior living.
Japan and Scandinavia are currently undergoing a senior living crisis as well. Japan is the world’s oldest country, as it relates to the age of its citizens, with more than 25 percent of the population over age 65.
According to Bloomberg, Japanese seniors increased by 600% between 1985 and 2015.
In record numbers, elderly people in Japan are committing petty crimes, to spend their remaining days in prison for beds, healthcare, and meals. Prison faculty are forced to function as caregivers.
Sweden’s senior population is about 20 percent, in comparison to America’s 15 percent.
However, America’s rapidly approaching silver tsunami will swiftly shift causing an unprecedented wave in the senior population.
Guarino says opening new RAL homes across the country is the ideal way to accommodate baby boomers. RAL homes can avert the crisis and create business opportunities.
THE BALLOONING COSTS OF LONG-TERM CARE
By 2030, the current need for long-term care (LTC) will nearly double to 24 million Americans, while the supply of caregivers is rapidly shrinking.
An estimated $849 billion worth of LTC was provided in 2018; this study estimates that in 2030, LTC costs will more than double and may reach as high as $2.5 trillion.
An estimated 14 million people in the United States currently need long-term support services.
As the population ages, the need for care and the cost of providing that care will increase significantly.
More than one-third of seniors will spend time in a nursing home. According to Genworth’s 2019 Cost of Care Survey, the median cost for a private room is now over $100,000 per year.
Data from Altarum show that prices for nursing home care increased an average of 2.4 percent annually from 2012-2019, for a cumulative increase of 20.7 percent.
Given historical cost growth tracked by Genworth and Altarum, the total value of LTC provided in 2030 could reach between $1.3 trillion and $2.5 trillion.
As a result, residential assisted living is answering the call to care for the needs of seniors in need of care and housing.
WHAT DOES THE “DO GOOD AND DO WELL” MOTTO REALLY MEAN?
The motto is simple. The Residential Assisted Living Academy is leaving a legacy of doing good deeds by helping the rapidly growing senior community.
The model offers a higher standard of living and cares for the elderly with upscale housing and better ratios between caregivers to residents.
This model also allows owners to do well financially by earning an additional $5000, $10,000 or even $15,000 net cash flow per month for one single-family home.
Hence, owners are able to do good and do well at the same time.
Compared to the big box senior living facilities, the RAL model is very effective.
Residential assisted living is a neighborhood-based senior housing model that offers an intimate family-like setting.
These homes are in the heart of traditional neighborhoods. Guarino’s model has grown in popularity.
These smaller homes have fewer caregivers with familiar faces that are frequently seen by the residents daily. They provide an actual home-like environment that is caring and nurturing.
RAL homes are community-based.
They are in residential neighborhoods, where seniors can feel included in society, as opposed to isolated in large facilities.
Our model provides proximity and access to community services, stores, and parks – location is critical for RAL homes. This is the hottest topic in assisted living because the concept continues to gain more momentum nationwide.
Unlike the big-box model, our RAL homes are encouraged to have a pre-set fee, which includes everything needed in the assisted living setting.
Single-family houses converted into assisted living homes are typically based on month-to-month payment plans with a small security deposit.
Big box facilities have a higher fall risk due to a lower staff to resident ratio. They also lack the intimate setting of our upscale single-family RAL homes in normal neighborhoods.
The overall concept is beneficial to seniors and is also to the economic advantage of owners and operators.
CAN PEOPLE JUST INVEST AND BE HANDS-OFF?
Investing in residential assisted living with a hands-off approach is what some people are doing. This is an event-driven business.
For example, when dad or mom falls, the doctors will often suggest that someone look after him or her to prevent it from happening again.
When they need help, their children will often seek out an assisted living home. As a result, RAL homes are great low-risk investments. Residential assisted living is combining the business components of real estate and assisted living.
One person can own the real estate while another operates the assisted living component. There are a variety of ways to invest in RAL, and we teach people how to jump in feet first and how to invest hands-off.
LEARN EVERYTHING YOU NEED TO KNOW FROM A-Z ABOUT OWNING A RAL HOME
There’s a silver tsunami on the horizon. About 77 million baby boomers, with 10,000 people turning 65 every day, and 4,000 turning age 85. There are currently about 30,000 assisted living homes in America.
Middle-income seniors will nearly double to 14.4 million by 2029. The average cost to stay in a residential assisted living home is $3,650.
With over half the baby boomers lacking financial resources to afford big box private pay facilities, RAL homes will undeniably be in higher demand.
Guarino says this is the prime time to engage in the assisted living market.
Across the country, professionals have done the research and realize that right now is the best time to engage in the residential assisted living market.
The www.RALAcademy.com 3-day course teaches students how to earn an additional $5000, $10,000, or even $15,000 net cash flow per month for the rest of their lives.
Individuals can increase their income by transforming a single-family home into a senior living residence.
CLICK HERE to get immediate access to the free 7-part course and learn why senior housing is such an incredible opportunity.
Are you ready to increase your monthly net cash flow? Register today.