How Profitable Is Owning A Senior Living Facility || Residential Assisted Living
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- Опубліковано 3 жов 2022
- Check out - How Profitable is Owning a Senior Living Facility Part 2 - • How Profitable is Owni...
Fun fact: I come from a family of caregivers with a legacy spanning three generations. Since 1962, my family has owned an Assisted Living Facility and a Family Care Business right here in beautiful North Carolina. 🏥💙 Join me as we dive into the profitability of senior living facilities, drawing from my family's experience and insights. Get ready to learn, be inspired, and uncover the secrets to success in this rewarding industry! Let's get started! 🌟 #SeniorLivingProfitability #familylegacy
If you are interested in becoming an Assisted Living Administrator, visit my website www.alfatircrawford.com/ and check out my AIT University (Administrator-In-Training) Program where you will learn:
- Personal
- Business Office/ Administration
- Medication Aide Duties
- Activities
- Dietary
- Environmental/ Housekeeping
- Maintenance
You can also enroll at ALF University (Assisted Living Facility University) where you'll get Assisted Living:
- Strategy Consulting
- Operation Consulting
- Financial & Funding Consulting
- Human Resource Consulting
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DISCLAIMER
I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion without guaranteeing investment gains or losses.
#SeniorLivingFacility #HowProfitableIsOwning #AssistedLiving #SeniorLiving #LivingFacility #AlfatirCrawford #Properties #ResidentialAssisted #ResidentialAssistedLiving
Welcome To My Channel Alfatir Crawford
How Profitable Is Owning A Senior Living Facility || Residential Assisted Living
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Blessings my brother in interested in starting a unlicensed group home in Florida can you please give me some pointers
Thank you so much for this information! Would love to hear more about the operation process.
Nice video!!!
Thanks for sharing my new friend 🤗
We have no idea that a senior living facility is a good investment. This is very informative. Thanks for giving us this insights which we can refer to in the future.
What you reported is not "how profiotable" senior living facilities are but rather what one could charge per bed. To know profitability requires knowing not only what one can charge but also knowing what the expenses are. Could you do that please. thank you
Expenses can range but you should account for about $3500 per head minimum per month PLUS the mortgage or lease
love this video so much,
have spend a wonderful moment with your video,
nice and charming video !love this video a lot,
👍👏,
full support for you🙏🏼
THANK YOU FOR SHARING THAT INFORMATION.
Very interesting video 👍 Have a nice day
Thanks for sharing.
Good morning very nice video sharing 👍
Thank you, this video helps
GREAT VIDEO.
Bom dia amigo passando pra prestigiar seu trabalho joinha 👍
Thank you for this video and information. Me and my wife are looking into opening up our own assisted living residential facility here in Las Vegas. Hoping we can get everything up and running along with licensing and patients.
You can email me at aqcrawford@gmail.com if you need help with opening up your Assisted Living Facility.👍🏾
☑️17. good content, interesting🙏
Nice video
muito bom mesmo legal 👏😃
As someone who lives in one of these facilities, I find it appalling how budget cuts are affecting the overall health of residents because the profit line isn’t big enough. The “beds” are costly and most are on fixed incomes. I’m not impressed with this industry as a whole.
I can't believe you can't get out of there.. what about your children ?
Thank you Sir
Cảm ơn bạn đã chia sẻ một kiến thức rất tuyệt vời đến mọi người cùng tham khảo và trải nghiệm hay quá bạn ơi ủng hộ chúc bạn luôn sức khỏe và thành công trong cuộc sống bạn nhé 👍♥️👍🌹
Olá amigo tudo bem com você chegando para somar excelente vídeo parabéns pelo conteúdo sucesso chegando para ficar
Like from Brasil nice vídeo
This is very helpful thank you! I’m guessing these numbers are per month??
Saudações do 🇧🇷, sucesso a cada dia
Thank you....
A SENIOR LIVING FACILITY IS MY HUSBAND'S DREAM.
Mine too!!!
@@mariag38 Let's make it happen!
Did you open one yet?
WI here: so private pay depending on level of care let’s say $5000 a month at 5 people = $25,000
Then think about your monthly expenses:
Food
Electricity
Insurance
Pharmacy related expenses
Water
Mortgage
Etc
Payroll for:
Nurses 1-2
Caregivers 1-3
Accountant
etc
What do you really have left at the end of the month?
ua-cam.com/video/ZxFdkZunc3k/v-deo.html
LOL you still look nice Mr Crawford.
Thank you
You're welcome
Sad this video only has 2k views
Tells you where people’s mind are or will be in the futue
Very interesting I think I want to open up a home group home style
It's an amazing investment!
Salve amigo novo inscrito
Olá amigo, eu adorei a apresentação de seu trabalho e as suas palavras são bastante sábias e muito inteligente!!! sucesso e like 3🤩🤩🤩🤩🤩
Can I combine a nonprofit with an assisted living facility for special needs young adults?
I would so like to get some info on funding to start one in Arizona. We’ve been helping the elderly since I was a child. I love our seniors. I hate to see them being forgotten and seeming to be just existing. I would totally appreciate some personal advice.
Email me any questions you may have -> aqcrawford@gmail.com
@@FinanceUpwithAlfatirCrawford okay emailing you now.
@@FinanceUpwithAlfatirCrawford email sent.
I would love too know more information too started up
مرحبا صديقي العزيز 🔔🤝
YOUR TITLE CAUGHT MY ATTENTION.
Are you a care home owner?
I have a question…are there any specific government grants/loans that you can refer me to look into? Thank you!
Great question
Buen video dejo mi manzana activada en tu ciudad espero tener una fruta en mi ciudad porfavor
Tmj
hello sir,currently i am running an advertising agency, my quection is how can i convince assisted living facilities to accept my offer of advertising for them? i called alot of senior care facilities and they all deny my offers, i was asking what do they need the most in ads that i can help them with that??
Focus on advertising their OPEN HOUSES and bigger events that showcase their facilities.
And covid restrictions create oppressive prison like conditions for residents and staff
Hey-I’m a single mom here in Charlotte and I’m struggling to stay afloat in this financial climate. Today I broke down crying about all the stress I’m facing with bills on top of bills. I have a salary job in health insurance and my own small business. With making 100k/yr, it’s just not enough 😔. I’m constantly thinking of new ways to make more money. Do you think it’s possible to start an assisted living home, 1-6 beds, with $10k? I would find a rental since I can not get approved for a home loan with the amount of debt I have at the moment.
Try a DSCR loan!
@@VCrossley1 thanks, I’m going to look into it.
@VCrossley1 what is Dscr loan please?
704❤
If i own the property could i have my family elderz in those beds? And does HUD have anything to do with it?
Yes. HUD?
How much do I need to start one up in Michigan? Do I have to get my own building? How much are you making yearly?
www.michigan.gov/lara/bureau-list/bchs/adult
What's the expectation for Private Pay? A room to then selves?
Mostly private bedrooms and bathrooms, luxury home in a nice part of town, 24-7 care and help, food and medication management etc.
This is per month right?
Are those gross numbers? how about net earnings, approximately?
Btw 20%-35% profit margins, varies on expenditures...
Bonvertion a one plate of food nit much taking to room is COST IS $500. EACH MEAL .. JUST BECAUSE THEN HAVE MONEY THE RESIDENTS.
I have a 3/2 Duplex with a garage backyard about 1300 square feet. How can I get started
When you say the cost per bed, is that the price per month?
Yes
What do i need to get started in Ohio??
odh.ohio.gov/know-our-programs/residential-care-facilities-assisted-living/residentialcarefacilitiesassistedliving
Is that per bed price also per month?
Yes
Crazy how you didnt say what the resposibilities of the owner is? What are the costs?
What are the least amount of beds to have and it will still be worth the cost and trouble?
Here you go Yos Nia -> ua-cam.com/video/ZxFdkZunc3k/v-deo.html
Are the per bed monthly?
Yes, monthly
How do I get to start building this business? Is there anyone out there consulting on this particular industry?
You can visit my website www.alfatircrawford.com or send me an email aqcrawford@gmail.com and we can talk more about Assisted Living Facility Businesses.
How does someone start?
How does one get clients?
What state?
Texas
Look at your state’s requirement on opening an AL, CBRF, RCAC, adult family home….
Then to find clients work with case managers at hospitals, hospice companies, personal care agencies, social workers, case managers that works with Medicaid clients, Aging resources in your area , placement agencies, etc.
please get veto the point ....... how do you start the business. ... please
Per bed, is that per month?
Yes, per bed monthly.
Is this per bed per month?
View Part 2 - studio.ua-cam.com/users/videoZxFdkZunc3k/edit
@@FinanceUpwithAlfatirCrawford A simple yes or no would suffice.
Hazel Dell NO THEN DON'T CARE THE HEAD DIRECTOR DON'T KNOW WHAT HE DOING. When taking gossip for hiding a person. All new furniture painting rooms by a employee. No food uasing same soup for lunch bowls food wasn't eatten back in pot.This place 20 years same beds just gotten new beds . Now then don't have money to buy coffee. Caregiver don't have Aide Certificate working 10 months. Not all about Cost.
Bravo pour ce magnifique épisode abonne toi si tu veux merci à bientôt j'espère cordialement GG merci beaucoup