Is Starting A Residential Assisted Living Home Worth It In 2019?

[@communitysolutionspro1520]

Great information. You are getting me excited about this opportunity

[@serg_lupescu]

That’s awesome! Glad to hear that the channel is helpful

[@quietstorm1050]

I have to tell you, I have watched several Residential assisted living "gurus?", you are a breath of fresh air!!! Most videos I have watched are centered on marketing, how to fill up the beds! I love the fact that you are more focused on the quality of care. I understand investing needs to bring rewards but we are talking about people. I thank you for these videos.

[@serg_lupescu]

Well, thank you! My whole goal with the channel was to give back everything I’ve learned, and continue to everyone out there looking to start. Completely agree with you on that. It’s my pleasure! Thank you for the support!

[@happyblessed754]

Hello , Thanks for all you do .Do u still think it's worth it in 2020 .I'm interested in your couse

[@darleneachille491]

I want my 1st Home to be a RAL‼️❤️🥰

[@serg_lupescu]

It’s definitely possible!

[@darleneachille491]

@@serg_lupescu i just saw a 5/5 home for 600k, on my own i cant afford it, but using for my RAL family, i can! Thankyou for your encouragement, i can also get a fixer upper because my Dad & his friend can work as contractors, i also had a friend that he is willing to be an investor if opportunity is presented correctly!‼️

[@darleneachille491]

Great Information….Bullet Recession Pandemic Proof Businesses is the way to go!!! Ive been in Homecare for 20 years, i love the elderly, their family, providing good care‼️‼️‼️I really care, GOD Help Me in JESUS NAME!!!!‼️‼️‼️

[@serg_lupescu]

Amen!

[@sherinasisson6287]

Good evening so once you find the home how do the owner establish an office setting for ppl to come in an do applications.

[@Mona-us6vc]

Hi Serg! Merry Christmas! You are very honest and vulnerable! And the quality and reputation of the clients make the business successful. Thank you for this video. Thank you for affirming my vision that we will be implementing upon soon!

[@serg_lupescu]

Merry Christmas! Thank you so much for the feedback. I really do appreciate it. You’re very welcome. Glad to hear you’ll be implementing this everything very soon!

[@NursePeju]

Thanks for creating such an encouraging video.

[@serg_lupescu]

My pleasure!

[@DanDanJyoGurashi]

I LEARN A LOT JUST BY WATCHING YOUR VIDEOS! When I grow up I'll do my best and stand my own business thank you so much for sharing your knowledge about businesses it inspired me so much !

[@serg_lupescu]

Thank you so much for the feedback! :) Best of luck with starting your business in the future!

[@meganmontalbano2883]

Hi Serg, great video! :) I love how you mentioned that a lot of people view your choice of running an assisted living home as kind of weird due to your age; whenever I tell people about my vision of assisting living homes, they give me the same exact reactions (I guess it doesn't fit the "norm" of our generation haha). They just don't see the vision like we do!

[@serg_lupescu]

Thanks! :) Yeah it's not cool but it's about creating that long term business. It doesn't lol Exactly!

[@bryce_949]

Assisted Livings are one of the best cash flow assets!! Have you gotten yours started already Megan?

[@raennajohnson6151]

Great video, thanks for all the valuable information.

[@serg_lupescu]

My pleasure! ☺️

[@one1lovemirandak]

Thank you Serge. I appreciate your knowledge. I'm looking forward to starting and growing this business and helping people.

[@serg_lupescu]

You’re welcome! You’ve got this! 👌🏻

[@zibtihaj3213]

thx, tell me if I have a property and I get it approved for Assisted living ...and rent it out to an AL company will the rents be more than I would otherwise get ? like twice as much or so ?

[@serg_lupescu]

Correct!

[@zibtihaj3213]

@@serg_lupescu so than it is worth converting my property to make it SENIOR SAFE so to speak

[@mikemiller1502]

Another great video! great work.

[@serg_lupescu]

Mike Miller thank you for the support!

[@smartmoneycafe1057]

Serg, it’s Smart Money Sean. Another great video. analysis is 💯. Cheers to you from the Smart Money Cafe community

[@serg_lupescu]

Appreciate the feedback!

[@bricehancock6609]

How do I find a consultant to help me in the Denver area? I have 8+ homes.

[@serg_lupescu]

You’ll have to find another care homes in that area to see who has helped them or who did they use to get information from.

[@DixieAnthony]

Hello Serg, how do I get the reimbursement pay schedules for the state of GA? Thanks for any responses!

[@serg_lupescu]

Have you tried contacting the providers of who you are contracted with to get the reimbursement? This question I’m not all to familiar with due to the fact that I don’t do anything regarding reimbursement pay schedules.

[@DixieAnthony]

@@serg_lupescu Thank you for your response, I have not started a RAL business currently. I am doing due diligence, maybe I asked my question incorrectly. I am attempting to discover how much money I can realistically expect to get for a client and I was thinking that medicare pays a set amount for clients. I am not sure who pays for the client, medicare, medicaid, or the family? Thanks

[@natalysich2540]

From what I understand, in the state of GA Medicare/Medicaid is not allowed for Personal Care Homes so families have to pay out of pocket. Please contact me so we can work on this together.

[@XavierIsraelMatamoros]

Hi Serg, love your content! Just wondering how you fill your residential assisted living homes? I have done a bit of research in Kansas (which has 119 page regulation that operators must abide by, be subject to periodic audit/investigations, etc.). Based on the investigations it seems many of the residents have cognitive issues, dementia, incontinence, fall risk, etc. and some things have happened which the state has cited them for (being in violation of regs regarding medication requirements, abuse/neglect of residents, etc.). What is your criteria for accepting residents? Those who are semi-independent and not yet in decline? I'm also wondering if such residents would be charged more for the extra care they might need, such as nurse to give insulin, meds, etc.? or aide to care for dementia resident who always falls down unless someone is there to prevent it? Thanks in advance!

[@serg_lupescu]

Hey Xavier, I appreciate the support! I have a video about that on my channel. I have a full playlist of videos covering all of those questions! I do also have my program that I've created that answers those questions more in depth as well. I'll link the program and the playlist down below for you to check out! Link to Legion Assisted Living Academy Program: legionassistedlivingacademy.com Link to playlist: kzbin.info/www/bejne/pWSaoWaGhL2KeLc

[@SAMCHICLA]

Thank you so much for all this valuable information !!!

[@serg_lupescu]

You’re welcome! 😊

[@natalysich2540]

I’d like to have the ability to let residents age in place, but I was told once they become bedridden they need to go to a skilled nursing facility. Is that right?

[@serg_lupescu]

You have to have some more paperwork in place to be able to keep a bedridden resident. A physician starting that the care home is capable of taking care of the resident. Then the resident needs to be assessed every 6 months. Now the regulations may different where you’re at.

[@77devera]

What would be the minimum bedrooms and bathrooms for an Assisted Home?

[@serg_lupescu]

4 bedrooms and 2 bathrooms. Minimum

[@codyhaas3633]

Do you still feel like it's better to buy or lease properties? Ive been looking on loopnet but can't find barely anything for sale or lease. so are you typically able to find homes on loopnet or do you just find a home and then just go through the rezoning process?

[@serg_lupescu]

Leasing is better in the aspect of getting into the home quicker, and getting it started while keeping your startup costs lower. Purchasing the property is better in the long term aspect. Most of the time you'll have to just ask around in your community, or even just get a broker who can find these properties for you. You can do either, but it takes a little longer to go through the rezoning process than it is to just find one already zoned.

[@rashidaazucena2242]

@@serg_lupescu how long do u sign the lease for? Do sign with the option to buy in the future so u don't have to move ur business?

[@serg_lupescu]

Rashida Azucena it’s usually a 2-5 year lease term with option to purchase if the owner decides to sell at the end of the lease

[@drinkmorwaters2276]

It’s cool to see a young person like myself running an assisted living home! I’m currently working with my landlord to transform my home into an ALF in Mesa also

[@serg_lupescu]

Yeah! Where in Mesa?

[@dachnn]

Hi Serg! What state are you out of?

[@serg_lupescu]

Hello! Arizona.

[@dachnn]

Serg Lupescu how much more difficult is it to start a RAL in California?

[@robertmenga3211]

What do you do if there are not available people to fill your ALF?

[@serg_lupescu]

There’s always people available to fill the beds of your RAL. People will always need help, you just have to be willing to network and go out there to find them.

[@robertmenga3211]

Serg Lupescu my friend owns one and had to resort to Developmentally Delayed clients, and even then people are taking patients into their homes as 24hr care givers.

[@patrickzilla]

This is great thank you!

[@godsjewel6256]

Hi Serg! You are truly a blessing to me. Sent from God! 🙌 I've been working with the elderly for 10+ years. I really have a passion for taking care of them. I want to have my own assisted living. Where do I start? Do I have to hire a nurse? Do I need liability insurance? Is the expensive?

[@serg_lupescu]

Hello! God deserves all the glory! I’m happy you’re finding the videos informative 😊 I also appreciate the support on the channel. It sounds like you are more than ready to get started! First, I suggest watching all the videos on my channel regarding assisted living, go through the program that I’ve created at legionassistedlivingacademy.com And from there start implementing everything you’ve learned. 😊 You don’t have to hire a nurse, and the liability insurance is something worth having so it’s worth the investment.

[@godsjewel6256]

Thank you for responding and I will start watching your videos because I'm ready for what God has in store for me 🙌

[@rashidaazucena2242]

@@serg_lupescu how much of a liability do u carry?

[@serg_lupescu]

Rashida Azucena $3 million

[@robert_iacob]

Absolutely 😈💰

[@serg_lupescu]

That swan is sick 🔥

[@aricabivins]

Great Videos!! I've been binge watching your videos. I'm in Texas, In the next month or so I'm going to get a house for assistant living. Should I do the course first then get my home?

[@serg_lupescu]

Thank you! Really means a lot! What course are doing?

[@aricabivins]

It's a course to help you pass the exam. It's $500, and it's supposed to help you pass the licensure. I'm not sure that's why I asked.

[@serg_lupescu]

Oh okay. Yeah I recommend that you pass your manager's or administrators exam before getting the home but it doesn't always have to be done in that order.

[@jorgegutierrez-qq6dr]

@@serg_lupescu do you recommend going to the ralacdemy and do the 3 day bootcamp?

[@serg_lupescu]

jorge gutierrez it money isn’t an issue for you, then it might be. But for me personally I didn’t go and still succeeded at it.

[@michaelporche]

How long is the typical stay for one client/patient?

[@serg_lupescu]

They say the average stay is 7 months. That’s including hospice, respite, and long term clients. It averages out at 7 months.

[@matte3561]

28 months

[@radugradinariu9667]

Great opportunity!!!!!

[@serg_lupescu]

Radu Gradinariu yes sir!

[@michaelparkins8982]

Hi Serg, thank you so much for sharing all of this incredible information about assisted living. I just purchased my first home and have been wanting to rent it out to people, I've run into some hurdles with it and now that I've seen your videos I'm very seriously considering switching to the assisted living business model. I know your probably crazy busy but would you be willing to mentor me on setting up this type of a business model?

[@serg_lupescu]

Hey Michael, It’s my absolute pleasure and thank you for supporting the channel! Congrats on purchasing your first home. The RAL (residential assisted living) model is a great option for people who want to increase their cash flow and also maximize the use of their home. I am very busy, and it’s why I’ve created the academy for people like yourself who want to get started but don’t know where to start. You can check it out at legionassistedlivingacademy.com You get out of it what you put into it. So make sure to stay in contact with me and I like to put my students first no matter what. Hopefully you become a student of mine and that I get the privilege to mentor you!

[@mees2751]

Should I purchase the home? Or lease the home?

[@TrueEarth369]

Great video!

[@serg_lupescu]

K M thank you!

[@getstryker]

It's excellent, informative and compelling videos like this that make me have confidence in so many decisions that I've come to about this opportunity, business, plans and people! ;-)

[@serg_lupescu]

Thank you so much! Glad to hear that! :)

[@rebecagardener956]

Great content!!!!

[@serg_lupescu]

Thank you!

[@fordaloveofmusic]

group link doesnt work

[@serg_lupescu]

I’ll fix it! Here’s the link; facebook.com/groups/455243348348066/?ref=share

[@farmerdre1]

👍👍

[@serg_lupescu]

💯

[@davehammond9796]

Vultures, preying on the elderly.