15-35K/month | RESIDENTIAL ASSISTED LIVING (The Truth)

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[@schobesbergerf]

Superb content, my friend. I have one simple question. Do you need to do the work (cooking, cleaning, assistence, walks, etc.) yourself or do you employ someone to take care of the elderly people?

[@serg_lupescu]

Thank you so much man. Great question! You employ caregivers to do that. Now if you want to keep more profit at the end of the month, you can do it yourself. You do have to have a caregiver certificate depending on your states regulations.

[@TrueEarth369]

Yes, superb, concise content. Do you personally live at your facility & provide care or do you have it staffed? How many residents did you get license for?

[@changeisgreat2010]

Love and appreciate the information, I just subscribed!

[@sandytreven5739]

K M curious too

[@oneloveoneheart2781]

@@serg_lupescu you truly are a wise business owner.....Al the best in opening more and more businesses

[@stayathomedaddysahd4000]

I am a RN and I love to take care of my elderly patients. But the hospital job burnt me out due to the high nurse to patients ratio. It would be my dream job to have my own assisted living and my group of people that I can take care of them. That’s why I’m started to looking for this business. When the system failed me, I’ll create my own system!

[@christonesmichel3090]

We definitely need more people like you out there!

[@nwachukwuchidi6528]

Are u in Canada?we can work together

[@MyspacHor911]

Username does not check out

[@leadfoone]

Thanks Serg. I like your simplified style. Excellent Content!

[@serg_lupescu]

You’re welcome! Thank you for the support!

[@robert_iacob]

The amount of value 🚀 opening up the peoples minds about this industry.

[@serg_lupescu]

Robert Iacob people just need to go out there and do it. Action speaks louder than words.

[@HeshanWijegunaratne84]

I'm currently learning and researching about assisted living facilities. You're videos have been very beneficial and informative. Thank you!!!

[@serg_lupescu]

Thats great to hear! It’s my pleasure! :)

[@chibesakatongo381]

same here I'm really learning alot

[@GeishaDoll]

Heshan did you do it?

[@HeshanWijegunaratne84]

@@GeishaDoll Not yet. Pandemic put a hold on a few business plans.

[@newuser7197]

Have you done anything about it. Now or was it all just talk? And no walk

[@themorningstar9458]

Thank you for sharing! Just liked and subscribed.

[@serg_lupescu]

Thank you for the support!

[@lilinerobert4871]

Great information! Thank you! You got a new subscriber 😊. I can’t wait to gain as much knowledge so I can hopefully start my business. It has always been a goal of mine.

[@serg_lupescu]

It’s my pleasure! Thank you for the support! Hopefully you learn a lot from all the videos and that you apply them to start your first RAL. 😊 God bless you!

[@falsup09]

You just never know where this KZbin trail will lead… Currently in the market for a home in Las Vegas to be purchased around April of this year, I have a caretaking background and so does my nurse friend… I like what I hear so far I will be continuing to watch, thank you

[@serg_lupescu]

Thank you for commenting! Hope you enjoy the channel!

[@reginaldwilliams620]

Congrats, that’s huge! If you haven’t found your perfect home yet here in Vegas, feel free to shoot me a call or a text as you what you are looking for in a home. Here to help! 702-420-8089 Reginald Williams with Keller Williams

[@Bmanfresh]

Update? Did you get your house and the ball rolling?

[@RALAcademy]

woohooo! congrats! hope to meet you at RAL NAT CON!

[@vimolly]

Thanks Serg for sharing great information to help people that want to start up Assisted Living and help elderly to have housing and care.

[@serg_lupescu]

My pleasure.

[@bigstew0369]

Just seeing this video and would love to get more knowledge on this matter. Great video btw...

[@serg_lupescu]

Of course. Make sure to check out the links in the description of the video because you’ll find more information with education about this industry!

[@themorningstar9458]

God bless you for sharing!

[@serg_lupescu]

My pleasure! All the glory to God! 🙏🏼

[@tnuoccaeht]

Wow this was so thorough.

[@serg_lupescu]

XII happy you enjoyed it!

[@beverlyjohnson618]

Hello Serg, first I want to thank you for your time. It’s truly a blessing to watch these videos and learn so much! I have a luxury 2 bed room two bath In-law Suite that I want to Trun into a assistant living business. I went before the board at city parish and was told I have NO zoning. I’m working on my LLC and license but I just heard you say in this video some states allow you to take care up to two elderlys without license. Can you give me more info,

[@serg_lupescu]

Of course! You’re very welcome. Thank you for the kind comment. Yes, depending on your state you’ll be able to take care of two elderly without being regulated. My best recommendation is checking with the department of health services in your state regarding this. Also, if you have medical experience families will be willing to allow you to take care of their loved without being licensed and regulated.

[@paolapicazo9083]

Great info. Serge 💙

[@serg_lupescu]

Thank you!

[@kerriepowell913]

Thanks for your video!

[@serg_lupescu]

My pleasure!

[@foxxwiththaroxx4009]

You’re a God send thank you 😊 🙏

[@serg_lupescu]

God bless you! 🙏🏼

[@aceboogie-yh9tc]

I just wanted to say thank you.😊

[@serg_lupescu]

You’re welcome! 😊

[@manzoorshah6803]

very helpful video, thanks Serg, when i heard you are from Mesa, I hit the Subrscribe button and smashed like button, rest i am still learning form you and i am also your city.

[@serg_lupescu]

Thank you for the support!

[@addischernet2888]

Great presentation.

[@serg_lupescu]

Thank you!

[@learntime1202]

Also out of that 3,600 You minus bills Food Transportation Insurance Ect. Also you have to have training to deal with certain residents and you can not neglect these people!! You have to have a heart for these people .... this is not a come up quick rich gig

[@learntime1202]

Everyone can’t do this type of work... you have to have a heart for taking care of people .... if YOU DO IT JUST FOR THE MONEY YOU WILL FAIL SOME WAY!! This is people lives!!! You have to be willing to wait on these people

[@parliamentpictures2217]

Completely false.... you can literally hire someone that actually cares enough to do the job. Stop thinking like an employee. I’m sure the owner of the business that you collect a check from isn’t doing the exact same work you do every single day. Lol 😂

[@JJ38255]

You can hire the someone that's even more caring more calm and can do an even better job than you would as a business owner. For example, there's millions of female caregivers like that from the Philippines that have better attitudes and work ethics than the vast majority of Americans

[@learntime1202]

@@JJ38255 YOU ARE SO SMART JJ MY NAME IS JJ TOO

[@jjbowman4653]

The cool thing is that people are getting older and older reaching above 100 years, I watched a couple, married 88 years, and the woman was 109 years old and still danced at her birthday.

[@serg_lupescu]

Yeah, people are definitely living longer today more than ever before!

[@ananddahya9628]

thak u for the info as far as location and size what the key points that we need to be mindful of

[@lashun1st]

Thx so so much for sharing plan to open my own Independent or Assisted living home here in Illinois, no help or consult so far . These videos are truly helpful. Have u done a video with a tour of your home? I'm subscribed will check later to see

[@serg_lupescu]

My pleasure! Welcome to the channel. I have done a tour of my home, I have two videos which I’ll link down below for you. How to open a SUCCESSFUL Residential Assisted Living Home in 7 Steps kzbin.info/www/bejne/eWKufplraLKShrs Full tour of my Assisted Living Home | PROS & CONS OF OWNING THIS BUSINESS kzbin.info/www/bejne/oaW8dJqjqNmSY9k

[@myawilliams7297]

Hello Lashun I am in Illinois too do you mind if we exchange information because I am looking to opening my group home soon?

[@77devera]

I've been listening to Robert Kiyosaki, and i have heard about this booming industry! We just started our first SFH rental last year, still a lot things to learn, but it's worth it! Now, this segment sure got my attention. Great content and looking forward to learn more from you!

[@serg_lupescu]

His books are great! Looking forward to hearing more from you and thank you for the support!

[@newuser7197]

Have you even done anything now? Or you just talking out your mouth

[@silk_milk7999]

Thank u!

[@serg_lupescu]

You’re welcome!

[@amypalmamiami]

thank you

[@serg_lupescu]

You’re welcome!

[@moniquehill8505]

Truly want to do this.

[@serg_lupescu]

You can! 💯😊

[@meganmontalbano2883]

Hi Serg, I'm so glad I came across this video! Very helpful information so thank you! I'm looking into starting an assisted living home in the near future but I have to figure many things out before doing so. I do have a question though - what kind of staffing do you hire for an assisted living home? As in, do you need to hire a nurse, or can you simply hire caregivers/personal care techs? I'm sure there are rules and regulations dependent on where I'm located which I'll be looking into but I just thought I'd throw this question out there in case others wanted to know as well! :)

[@serg_lupescu]

First off all, welcome! Happy to have you join the channel. Glad that you enjoyed the video! The perfect time will never come, so make sure to just start when you feel like you can. My staffing here in the state of Arizona requires that we have actual certified caregivers, and not CNA's or personal care techs. No nurse is required to be on staff since "Assisted Living" here is categorized as Non-medical. You are correct, there are different regulations within each state so make sure to check the state that you're in. It's a great question! Hope this answered your question :)

[@meganmontalbano2883]

@@serg_lupescu Thank you for replying! I'm going to have to binge watch the rest of your videos because you definitely put out great and useful information. Okay I see, so if the assisted living is categorized as non-medical, then there wouldn't be a need for a nurse. Also, I agree there's never really a "perfect time" - I just need to start and pursue this! I've just been stuck on what kind of staffing I would need; I've done some research for California based assisted living homes (will definitely need to do a lot more research haha) but at this point I'd be willing to start where ever life leads me! Anyways, thank you again Serg! :)

[@serg_lupescu]

You're welcome! Really appreciate that :) They'll be helpful, and probably answer a lot of your questions. Yeah you wouldn't be required to have a nurse on staff, which will save you a lot of money. That's the mindset to have. Don't get to caught up with things like that because you'll need to focus on just getting started, which will be a tasking thing on it's own. That research will be helpful when you eventually apply it. I say you try and start today if possible. You're most welcome! :)

[@jaysonjay7852]

A few states can allow up to 3 residents without a license which is great for someone that wants to keep it small but with a great monthly income

[@serg_lupescu]

Yeah, it’s usually 2-3 Resident’s. But it’s definitely an opportunity for people who want to just make some extra income.

[@Juandeleon17]

Great advice! My main concern is liability and legal issues that may come with this field. How do you mitigate with potential lawsuits or any type of legal or insurance issues?

[@RALAcademy]

grab your free RALNA membership and work with the legal team there, they protect all 30k of these RAL care home owners across the country!

[@itslexyloris]

Hey! I’m a new Subbie here! I love your videos. Super Informative! I would like to know What should I look for in comps in Maryland? I’m not sure what area is the best in Maryland. However, I am open to Virginia and DC I’m not quite sure how to find out what is the best area.

[@serg_lupescu]

It’s best to start looking at the age demographic and starting there! 👍🏼

[@NPtab]

Hey I am in Maryland too, looking into this venture Lori, did you find out any more info regarding it?

[@eurishaedmonds7185]

Love your videos, exactly what I was looking for. I have property in Northern California, my mother is currently having health issues and require 24hr care. She has a spare bedroom. Your stated in this video that 2 or more may not require regulation. What website can I check? Is an LLC required\smart before starting this process? First attempt at creating something like this.

[@serg_lupescu]

Thank you for your support. There isn't a website that actually shows you, each state is different on how many beds you can have before they require you to get licensed. In the state of Texas it's 3 residents, and in Missouri it's 2, in Arizona 2. Anything above that will require you to get licensing.

[@equaantai]

Thank you, thank you, thank you. This has always been my passion. I never could figure out where to start. Can you tell me what is the average start up cost? Thank you again for this video

[@serg_lupescu]

You’re welcome! Thank you for joining! In the this video I explain the start up costs: kzbin.info/www/bejne/apzcnGOufJhghMU

[@beginnersdaily9007]

do an updated video for this :)

[@serg_lupescu]

Will do!

[@sebibejinaru8091]

Thx bro

[@serg_lupescu]

You’re welcome!

[@johneverealestate2827]

Thanks for the information, great video! Where are your RAL located? I am in S. CA and looking into this business. Other than locations, I heard it is also hard to get residents. Do you need to have a contacts from Hospitals or other Healthcare Businesses to refer you residents? How do you market your RAL and get residents?

[@serg_lupescu]

You’re welcome! Thank you for the support, and feedback. Mine is located in Mesa, AZ. Know of someone in S. CA who has two homes. Getting residents can be challenging at first but it’s something that takes patience more than anything. I didn’t have any contacts in the hospital or healthcare businesses. Mainly online referrals and referral agents. Being online is a big deal and your local community. Churches and 55+ communities. That’s the best way!

[@veeharris6117]

Hey, I've been watching your videos for over a year and thankful for them. They have helped me along the way. My question is with zoning, so I've reached out to zoning several times and they told me that a 5bed home can be zoned for up to 5 residents. Do you know if that can change or would I be able to increase that number and How.

[@serg_lupescu]

Thank you so much Vee for the support! Happy to hear that the videos have been helpful in your journey of starting your own RAL. Once Zoning gives you the amount you’re able to zone for, that’s it. Unfortunately, there’s nothing else you can do at that point.

[@KimNguyen-ox8mf]

Can you explain more about zoning? Does it mean that under a certain number of beds, there is no zoning requires? I am in NJ.

[@serg_lupescu]

@@KimNguyen-ox8mf this is something that I go through in my program! You can purchase it in the link provided down below. legionassistedlivingacademy.com

[@evelynyan6511]

hey serg, I watched a couple of you’re videos, they’re really helpful, but i do have one question what schooling do you need behind it?

[@serg_lupescu]

Thank you for the support. Means a lot. You just need to get certifications in order to start these care homes or hire people who have these certifications.

[@chardonnaysaunders89]

How would you go about getting Medicaid paying patients only?

[@jballbro]

Hey Serg, I recently learned about RAL and recently subed to you to learn more, awesome vids. I own a property that I am about to lease out to some tenants but I am considering RAL once the lease is up. I'm trying to understand how worth it this would be for me. From what I understand the number of beds is determined by how many that you are zoned for, which is done by zoning, is this correct? If so, how is this determined? By square footage? Is there anything that can be done ahead of time to make the zoning outcome more favorable? Please excuse the ignorant questions, I am in the infancy of information gathering. Thank you so much.

[@serg_lupescu]

Hey, Thank you for the sub and the support. That’s a loaded question. Why exactly do you want to start an RAL? If it’s simply for the investment and money, you won’t last long. There has to be true purpose and passion for caring for others. Zoning. Zoning will determine all that based off of the size of your home and the regulation on how many beds is considered residential in your city. You may want to get in contact with them to get all the possible information available before you do anything to the home or moving forward in this venture.

[@jballbro]

@@serg_lupescu Well, the house that I own was my grandmothers house. She came down with colon cancer and due to other factors her health declined rather rapidly. She had post polio and walked with a limp her entire life, she was the strongest woman I've ever met in my life without a doubt. As her health was in decline, she desperately wanted to pass in her own home, she did not want to stay in a hospital for the remainder of her days. After a fall, for a short while we needed to keep her in an assisted living facility. At the time I did not realize this type of care existed otherwise we would have chosen a more "homey" feel rather than a larger facility because she required more care than the other residents that I felt they were unable to provide due to the number of patients compared to the number of staff. She would wrestle herself out of bed at night and sometimes fall as a result. She would wonder the halls during the day, literally making friends with every single person, in what seemed to be a delirium of drugs she was given. Not that she wasn't friendly, but there was an extremely noticeable difference in her attitude during her stay. We chose to remove her from the facility and care for her ourselves at our home until the time she passed. This was one of the most difficult times of my life. Before her onset of cancer, as the one person in her life that would be there, taking her to the grocery, going out to lunch to get some time away from the house and simply just sitting and talking for a while, she wanted very much to leave me something that would affect my life in a positive way after she passed. Her siblings weren't there for her near the end despite suing us after her passing for 60k for part of the house (which years afterwards we found a will that would have invalidated the judgment). Her daughter that lived out of state that couldn't be bothered to visit before her passing, despite having ample opportunity to do so. Her only concern was trying to take care of me. It took years after her passing for us to even attempt to go through the house and clean out her stuff out of pure despair of losing one of the most amazing people to have ever walked this earth. Paying for a house that was draining us financially but emotionally unable to do anything else. Getting to the point where this blessing she left became a curse. It was only recently after squatters came in and destroyed everything that we were trying to preserve that we were able to take care of the broken contents of the house. With MUCH help and support from various friends the house is very near to being able to rent it out to relieve us of the financial burden. Considering everything that we have been through and I acknowledge much of which was self imposed, my goal with this IS financially driven to make her wish a realization. To make it all worthwhile. To change my life for the better and have her smile down on me from heaven and be happy with what she has been able to do for my family. As far as a genuine care for others, because I have been through what I have, is in my very nature just as it was when I was the only one to look after my grandmother. I do appreciate your answer to my question, however, I do not appreciate the question of my integrity. There are many questions that I can see in this very video and arguably every single one of your videos that are concentrated on the investment side of this venture that weren't questioned as to their motives. Not particularly sure why I was singled out and admittedly this is a very sore subject for me which is why I am very defensive. The very title of this video is focusing on the investment side of the business. In addition, skimming through your videos not a single one that I see (please link if I am mistaken) focuses on CARE, they are entirely focused on the business, so I find it extremely odd that you would question someone asking a question about getting into the business because that's exactly what it is. I genuinely mean no disrespect to you, I just found your response very off putting given the setting. In the future I will do my very best to do more research on my own before putting myself out there and asking a question to those that seemingly encourage such behavior. I do wish you the best and I thank you for your answer to my question. Take care.

[@wadafruit]

@@jballbro He was not singling you out, he was just stating something as a principle.

[@Buildsolarhomes]

This sounds good based on "gross" revenue, but the "net" revenue will be much less . Caregivers can eat up 2/3 of the revenue.

[@markieshagray8270]

Keep a lock on storage freezer or storage cabinets. Pull out meals n snacks for the shifts. Give manager of the home a key for access.

[@BEHappy-ng6kv]

I used to work in a nursing home. I had a co worker whom I visited at her place because she was sick. Oh boy , She excitedly showed me every corner and all the cabinets in the house. Her pantry was full of Nursing home's supply. Soap,shampoos etc. Pantry was FULL. So just be careful

[@702jtino]

I love the video brother, I'm currently in Las Vegas and have a property that would be great for this type of business. I currently own the property and would love to look into this a lot further.

[@serg_lupescu]

Thank you for that. Appreciate the support. Las Vegas is a market that I’m not too familiar with.

[@702jtino]

@@serg_lupescu Hi, @serg I am completely consumed with this business idea. you mentioned that you are not in the Vegas market. I already have a property in this city with the parameters you mentioned in one of your videos. My question is will the academy program have the info I can use in this state? I want to learn what I can and get started ASAP the right way. Thank you in advance.

[@serg_lupescu]

@@702jtino yes it does. It’ll be everything you need from A-Z on how to properly set everything up.

[@702jtino]

@@serg_lupescu Thank you very much serge I just Signed up for the academy 😀

[@zulya98]

Do you know what states allow take care of 2 elderly without license? Never heard about it

[@serg_lupescu]

Arizona allows for 2, California allows for 2, and Texas allows it for 3 without a license. Now, I don't recommend doing that and it's typically not very profitable.

[@alenow87]

unrelated, borderline unprofessional: you are so handsome 😍.. thanks for great video..

[@serg_lupescu]

I appreciate the kind compliment. Thank you for the support on the channel!

[@soracaetano3781]

At 3:30 you said some States allow for 2 clients without a license, do you know which States? Is California one of the States? Thanks in advance! Keep up the great work!!

[@cheveuxnoir-premiumquality1082]

I’d like to know the answer to that question as well.

[@raulpegalvarado9563]

great video! can you clarify if the cost of $3,600 is really for a private room? if so, what state? I'm opening my home in a couple months and aiming at that price for a shared room. I'm in So CA.

[@serg_lupescu]

Appreciate that! Yeah, this is certain parts of Phoenix, AZ. Make sure to do comps in your area to make sure that is what the going rate is in your area. You don’t want to over charge because demographic in area may not be able to afford it.

[@aliciathomas9940]

Really appreciate your videos. My brother is a RN for in home healthcare. I have a bachelors degree in business, graduate certificate in healthcare admin and coursework in billing and coding. We are exploring opening a residential assisted living home in a home my husband and I own. How do you go about doing comps?

[@serg_lupescu]

Of course. I appreciate your support on the channel. Sounds like the both of you would make a great team. I would definitely start out with doing some research within your area and see if there are any RAL in your area. If there are, try and get in contact with them.

[@JohnDoe-rb4yz]

That’s my question… if you find out please share. I’m curious about the billing as well.

[@YoursTrulyJaney]

I haven’t found one if you do, but do you have a video discussing how you feed the residents a day and do you do 3 meals a day?

[@serg_lupescu]

Yeah, it's something I covered in my video. Yes, you'll feed the residents 3 meals a day.

[@lydiangalula5892]

Hi my name is lydia I live in Phoenix I’ve been watch your videos on how to start a lresidence facility went and look for a property but the next step I really don’t know how to go about it if you can help me to find the information that I need so that I may start day living residential home care

[@carolynbushmaker6076]

Hi Serg, I am interested in starting an Assisted LIving Home in Washington State. Where do you have your Assisted Living Home? I just started watching your videos and love them. I will continue to watch your videos and move forward if I think this will be a viable business and lifestyle for me and my family.

[@serg_lupescu]

Thank you for the support. I truly appreciate it. My assisted living home is in Mesa, AZ. I hope that the videos will continue to help you on your journey and starting your business!

[@cherieburnham6390]

Hi Serg. Great videos. I have been watching your videos for few years now. I have always wanted to start an assisted living but held back because of fear of starting and not knowing where to begin. Now I am ready to do this. Husband and I have decided to turn our house into assisted living home. What is the first thing I need to do now to get this in motion? Any info will be greatly appreciated. thank you. Chere

[@liriagarrison9562]

Cherie. Hello your story is similar to mine …Not knowing where to begin and afraid to begin .have you moved forward with your assistant living project ?

[@cherieburnham6390]

@@liriagarrison9562 Not really. still afraid to make the move. I printed out the forms but got held back again .

[@jayp83]

@serg, do people have beds where they can shit inside the bed itself ? Who takes care of those things ? Do u ever have to do it yourself ???

[@brigettetucker3647]

Can you give more info on how to take care of 2 patients with out a license thank you

[@samsam2517]

How do you get customers if you want to take 1 or 2 people in the home that you live in?

[@serg_lupescu]

You have to assess the clients first, tour the home, and make sure they're the right fit for your home.

[@LegendaryRob]

I’m acquiring a building that has retail on the first floor and plan to put the beds on the second floor. Is that feasible for assisted living? Keeping in mind the physical health of the target market.

[@serg_lupescu]

Normally that wouldn’t be feasible for all levels of care. If you’re doing only supervisory or level 1 care, than in that case it may be feasible.

[@jayp83]

@serg, I don’t come across as people friendly person. I’m an introvert, Would I scare oldies away..

[@Happiervibes123]

How can I find out how many rooms are allowed in NC? And in Assisted living - people can come and go...so do you have to have to provide parking for each one? Also what about activities for people and transportation - if they don't have a car?

[@serg_lupescu]

You’ll have to check with your Department of Health in NC. Also, zoning will determine how many beds you can have as well. Parking is normal. You won’t have to have parking for each person. Activities can be coordinated by the manager and the caregivers. Transportation is provided by outside third parties, that the families pay for.

[@amarieharris3861]

How can you see how much group homes around you are charging ?

[@nikmccoy]

How can you provide up to 10 beds in a home? I'm assuming most of the beds would be semi private if having at least 5 bedrooms? Would they still be charged that full price for the room ($3600) or half the cost?

[@serg_lupescu]

Yeah some would have to be semi private beds. It wouldn’t be half the price, more like a 1/4 of it. It all comes down to what other homes in your area are charging.

[@wenmyster]

Is this before or after tax of total monthly cash flow?

[@serg_lupescu]

After tax

[@liriagarrison9562]

I would like to ask you additional questions.privately. Ty

[@serg_lupescu]

Please schedule a one-on-one consultation call in the link in the bio. Thanks!

[@pinkydiamond5074]

❤

[@serg_lupescu]

Thanks for the support!

[@rebeccabeza9225]

Hello, would you please share with me the benefits of starting a residential assisted living vs. Starting an adult foster care? Thank you.

[@Lordprettyflackojodi]

That’s what I want to hear

[@jayp83]

@serg, at sometime you feel that a patient needs more time and effort, what do you do to resolve that situation ?

[@serg_lupescu]

Yeah, and you resolve it by prioritizing your residents.

[@graciebaby4984]

Hi. Thank you for the information. How can I get the average income in an area where we want to do RAL? Also how can I do the COMP?

[@serg_lupescu]

You’re very welcome. You can do it by taking 5 homes in your area and adding up what their semi/private rooms are going for a dividing that number by 5. You can do comps in that area by looking at what the other homes in your area are selling for and go from there(that’s if your purchasing the property).

[@tonibyers3568]

Do I need a license for 2 or 3 people?

[@cann8735]

Hello Serg . What is the difference between a RAL and a boarding home for elderly. I live in the state of Pennsylvania an I’ve been having difficulties. Finding where to start.

[@RALAcademy]

it's the same just a different name! there are 22 different names for this across the country!

[@justonedan]

Serg, what's your staffing ratio max? if you have 10 beds for example, do you have 1 staff at night and 1 during the day or do you do more than that? We're considering 1 at night, 2 during the day for 10 beds. (wanted to break this out from the other thread so it's easier for others to read)

[@serg_lupescu]

For 10 beds you would want two staff on day shift and 1 staff at night. Yeah that would be the way to do it.

[@rivkak26]

Hi, would you be able to tell me what the comps would be in area code 32724 (DeLand FL) Thank you so much

[@Taylorpriscilla]

But you can run a independent living w/o a license correct?

[@serg_lupescu]

Not in Arizona. You would still need to be licensed.

[@jayp83]

@Serg, did you ever had to take care of the people living there or never if you have all the staff ?

[@serg_lupescu]

jai P yes I have. I didn’t always have staff.

[@bafare25]

Hi. What the $3,600 per room includes? Food, taking people to appointments to the doctor? How much is the salary of the care takers? Do you take people that are sick?

[@serg_lupescu]

It includes: caregiving, medication management, food, laundry, and making sure that they’re being taken care of. Salaries all depends on the caregivers experience and what the minimum wage is in your state. Yes, you do take people who are sick. They usually have multiple diagnoses.

[@lisabergman100]

Can you share the costs involved in running a home monthly??TYSM for sharing ur knowledge.

[@serg_lupescu]

Yeah, I have made a video about the monthly expenses on the channel. I'll make an updated video though.

[@jayp83]

Pls tell as an entrepreneur in this industry what activities consumes most of your time ? Supervision/ managing/ etc ? Like 80% is supervision, behind the desk , 10% nurse looking etc.

[@RALAcademy]

love this question, for us we got it down to 5 hours a week of "work" and it's spent like this 1 hour a week on a weekly meeting with the administrator, 2 hours a week on text, email and phone call for random questions or help as needed, 1 hour on payroll and 1 hour on social media/marketing! to each there own, but that's how we do it!

[@fordaloveofmusic]

Nice, out of curiosity, what is the monthly expenses for this business? 24/7 staff, rent/mortgage etc and how long does it take to fill a bed?

[@serg_lupescu]

Great question! Now it all depends... there are a lot variables (locations, taxes, cost of living, etc) but from what I’ve seen it can be anywhere from $7-15k. Filling a bed can take as little as a few days or even weeks. Everyone’s situation is different but that is why it’s important to do a SWOT analysis of your business plan and really break down every cost of the area you’re wanting to do it in.

[@saragidey8290]

Hi. Do u have to be an Lpn or rn to run a Alf? Or do u have to have an lpn or rn as a staff?

[@RALAcademy]

in most states no! just a licensed administrator, but the requirements vary state to state

[@shareefahhempstead7096]

I have one question. When promoting my residential care homes, how would you suggest I do so!

[@RALAcademy]

marketing is key! to be fundable you want to be finable, a great website and a Facebook page, but also networking this is a relationship based industry, so be sure to get your name and face out there, working with local placement agents, geriatric nurses and doctors etc

[@thec.taylorgroup4488]

Do you know of any government grants that will help in purchasing or renovating the house?

[@serg_lupescu]

I don’t know of any unfortunately.

[@punky298705]

I'm soooo interested in this. I am seriously looking into convertng a current home I've been renting out into an assistive living property.

[@serg_lupescu]

Glad to hear! The potential is there!

[@auntygogo9810]

Thank you so much l am interested in starting up this business my Bank has just approved my mortgage

[@serg_lupescu]

You’re welcome! Wish you all the best

[@ernestadams3910]

Who is lending funds to purchase assisted living homes?

[@serg_lupescu]

A lot of commercial lenders and smaller local banks that understand the business model.

[@netznonz6251]

What type of business did you apply to?

[@KimNguyen-ox8mf]

I want to be a real estate investor into the RAL as well! I want more information on this but I don’t want to be an operator myself but to hire staff, please send me more! Do you offer a course or something?

[@serg_lupescu]

Thats great to hear! Yes, I do offer my course. I’ll link it down below for you. legionassistedlivingacademy.com

[@thesmoothone1858]

Do you offer a course??

[@serg_lupescu]

Yes I do, you can purchase it here: legionassistedlivingacademy.com

[@waynephillips2613]

How many elderly can you put in each room?

[@serg_lupescu]

Great question. Depends on how many you get licensed for and what your states requirements are.

[@waynephillips2613]

You can lease a property for this type of thing??? I always thought you had to buy...

[@serg_lupescu]

Yes you can.

[@justonedan]

Hey Serg, great videos. What do you think a private room in an upscale home would average? Like a $500k home with 10 rooms?

[@serg_lupescu]

Dan Denson $4,500-5000 probably. Then again, its hard to say not knowing the comps for that area.

[@justonedan]

@@serg_lupescu comps as in other assisted living homes or just home prices?

[@justonedan]

@@serg_lupescu I guess a better question is do you have any advice on how to scout out these prices?

[@serg_lupescu]

Dan Denson income comps, see what people’s average income is in that area. Go and tour these other homes to see what they are charging for their beds.

[@justonedan]

@@serg_lupescu There are actually very few assisted living homes. The area is dominated by large facilities. This is making it hard to find anything to compare too. Do you have a rule of thumb on median income vs price level?

[@GeishaDoll]

Did you call it COMPs?

[@wildflawa]

What u think if I buy the home already set up with 6 clients already..

[@serg_lupescu]

You can schedule a one on one consultation call with me to discuss the details. I’ve linked it below: calendly.com/legionassistedliving/30

[@sweetlovep3946]

I just happened to search for PCH information and your channel came up. You provide a lot of great information..I’m currently in the process of starting a personal care home, but having zoning issues. In this video you mentioned that it’s possible to have a couple of elderly people without having to be state licensed. How would I go about that??? Thanks!!

[@serg_lupescu]

Welcome to the channel! Glad to have you part of it. I appreciate the feedback! I hope that zoning issue gets resolved soon! :) Yeah, in most states if you are allowed to take care of two elderly without a license. The best way to go about it is to be a healthcare professional already or have already own an assisted living home previously because families won’t put their loved one with you without trust or knowing you worked previously in the healthcare field. You’ll also need to have resources to be able to get those two residents in your home.

[@sweetlovep3946]

Serg Lupescu I’m a nurse, in the state of Georgia. I’ve been researching this info, but it seems like there’s some secret information out there that I can’t get to😳. If you know of any resources, please share😊. Thanks again.

[@sweetlovep3946]

Thanks for replying so promptly 😀

[@getbenje]

Love what you doing. I have a question. Do I need to go to school for this. Thanks

[@serg_lupescu]

Appreciate it! It’s for all of you guys. No you don’t. No school necessary

[@getbenje]

@@serg_lupescu Thanks appreciate it.

[@calandrak.8147]

I see you're operating in Arizona, I own a group home in Wisconsin and I was unable to get any clients😣due to my city being oversaturated. Was getting licensed hard and how long does it take to get clients after the home is approved?

[@serg_lupescu]

I’m sorry to hear about your situation. For me, it wasn’t necessarily hard to get licensed but it was a process. It took about a month to two months to fill my beds afterwards.

[@calandrak.8147]

@@serg_lupescu Thank u for responding! 2 questions if u dont mind. Is there another way to retain clients/residents without having to pay or go thru referral sources? In my state, owners like myself usually contract with MCOs and they send clients. So no money needs to be paid to anyone. Also Do you have a list of landlords that will allow a group home business to operate from their home?

[@donellstewart3528]

@@calandrak.8147 hi I have a home on the east side and was wondering what process I have to take to open a home

[@calandrak.8147]

@@donellstewart3528 whats your email?

[@vmariebabyee9571]

How do you organize your employee & resident files?

[@RALAcademy]

having these virtual is a major key, you don't want to do hard copy paperwork or you'll never be able to be hands off!

[@jahlion1956]

I have no money I am a Lpn. Nurse I have work experience.I need to start my own business.can you help me get started.please.

[@BritainChance]

What state are you operating yours out of? I'm located in Florida.

[@serg_lupescu]

I’m operating in Arizona.

[@TheDoughGetta]

Who is paying the rents for the people living in assisted living? Is it their relatives or the state?

[@serg_lupescu]

It can be both! “Private pay” is considered what the family pays for the resident. Medicaid is the government program that pays for the resident.

[@mikemercado6095]

Is $3,600 fix on any location? My aunt has a level 2 care home has 4 patients in San Diego. Not sure if this amount varies on where you are?

[@serg_lupescu]

It’s not fixed on any location. That is the average cost across the country when you combine all the different rates.

[@daisycocoa2557]

If you can provide some skilled nursing in your facility you will beat out the big guys. They cheeped out on that.

[@trindon9439]

Hi, other than private funds, where do the client usually get $3600 to pay each month?

[@serg_lupescu]

Usually through their pensions, Social security and their families.