RG 178 – Creating Massive Amounts of Cashflow with Residential Assisted Living with Emmanuel Guarino
Emmanuel is the number 1 realtor for residential assisted living in Arizona, which is known as RAL.
RAL’s are not nursing homes, they are for someone to needs help with daily activities like showering but does not need medical help. There are approximately 10 residents per home and these buildings are residential homes so they’re not the big box out of town centres that you so often see. This all started when his grandmother needed somewhere to live and so his father started setting up the homes and then other people asked him to teach how he was doing it. The national average for residential living is $4000/month and the more private bedrooms and bathrooms then the more you can charge. In some cases there are shared rooms for cheaper but often Emmanuel will build a house from scratch with private rooms only.
Emmanuel searches for locations that are close to the children of the elderly which means 60 years olds with money. When people move into the homes he asks them to complete a questionnaire so that he can match personalities and make sure that the person is the right fit for the property. There are 2 caregivers during the day and 1 at night with a 2 to 5 ratio doing the cleaning, cooking and helping.
Top tips
- Most important habit – Workout daily
- Most important person – Father
- Most important tool – Infusion Soft
- ral101.com