Real Estate Investor Podcast
Tune in to the Real Estate Investor Podcast for best in class investing practices from real estate experts! Your host, Gary Lipsky, has more than 30 years of operations and management experience and over 20 years in real estate investing worth over $1/4 Billion. He talks to leading experts to discuss a wide range of subjects to educate investors on how to build legacy wealth and positively impact communities.
Real Estate Investor Podcast
Episode #210: Assisted Living 101 with Isabelle Guarino
As a nation, we know very little about residential assisted living (RAL) compared to other real estate categories. So today, we welcome the two-time bestselling author and COO of Residential Assisted Living Academy (RALA), Isabelle Guarino, who sheds more light on the importance of RAL and how you can get involved. Named as one of the “Top Influencers of Senior Housing” and a two-time recipient of "The Future Leader of Assisted Living" title, Isabelle is undoubtedly America’s top coach and trainer for all things RAL. She begins with a detailed breakdown of RALA before diving into the common pitfalls of operators new to RAL, the qualifications and hires that are required to run an assisted living facility, the limitations that RAL administrators have to work around, and how a residency care plan differs entirely from a tenant/landlord agreement. We also unpack proper ways to go about RAL research, helpful tools and technologies that are currently available, how scaling works in RAL, and everything else that you need to know to kick-start your residential assisted living venture.
Key Points From This Episode:
- RAL guru Isabelle Guarino explains the work of the Residential Assisted Living Academy (RALA).
- Common mistakes that operators make when joining the RAL space.
- The qualifications and key hires necessary to run a residential assisted living facility.
- Understanding the limitations placed on RAL administrators.
- Diving deeper into the numbers and economic implications.
- The differences between a tenant/landlord agreement and a residency care plan.
- How to find the right data when doing RAL research.
- A closer examination of how RALA trains its students to be successful.
- The future of RAL, and helpful technologies and tools to use.
- How scaling transpires in rental assisted living.
- Everything else that you need to know before joining RAL.
Links Mentioned in Today’s Episode:
Residential Assisted Living Academy | RALA
Residential Assisted Living National Association | RALNA
Asset Management Mastery Facebook Group
