Who Keeps The Cash on Hand When I Sell My ALF?

This is a quick answer to a frequently asked question from ALF sellers.   “When I close on my sale, does the buyer keep the cash in my business bank account?” While many assisted living facilities are owned and operated by individuals or small businesses, most are held in business entities for legal and tax […]

How Much Money Do I Need To Start and Assisted Living Facility?

I’ve heard from many who are inspired to start their own assisted living facility.  Inspiration may keep you motivated.  Knowledge and experience will show you what to do.  But money will make your dream a reality.   So, how much money do you need to start an assisted living facility? The amount you need will […]

How Are Assisted Living Management Companies Paid?

It’s no surprise that many buyers who contact us at Senior Care Realty are investors.  Assisted living facilities and other senior care real estate can be great investments.  But most investors are looking for an investment, and not a job.   Investors Are Seldom Managers Assisted living facilities have a lot going on.  Resident care. […]

How Do I Convert My Home Into an Assisted Living Home?

I received a question today about how to convert a single family home into an assisted living home.  It’s a question that I’ve received many times.  It’s a big question and this post will only touch on the answer, and point you in a few directions for more information.     Local Zoning Some cities […]

Sending Emails From Highrise

You may be way ahead of me, but I found a new feature in Highrise that’s a time saver. Highrise now lets you send emails directly from inside Highrise when you have a contact open. But I hadn’t been using it because it didn’t include my email signature or let me include attachments. As far […]

Finance 101 For Assisted Living Facilities

I’m really excited to speak at the Wisconsin Assisted Living Association’s spring conference this week. I know that I will get to see many past and current clients, and old friends. But I will also have an opportunity to share some of what I have learned about financial management of assisted living facilities. This is […]

9 Questions to Ask a Real Estate Broker

I received a call from a potential client last week. She was interested in learning more about working with Senior Care Realty to help confidentially sell her assisted living facility. During the course of our call, it occurred to me that she wasn’t asking me the right questions. Sellers often call us with the same […]

Don’t Say No Too Soon

Most of my posts are about senior care, real estate and business. But I hope you’ll indulge me for this post so that I can share a story that taught me a lesson about life and business. Sometimes the sights you see on vacation are more meaningful than you would expect. That was the case […]

Launching a New Website

It was long overdue. The website looked like a relic of days long ago. It was out of date, it wasn’t user friendly and it just looked tired. It had to go. One of the reasons that it took so long to change was that a new website seemed out of reach. Early estimates from […]

Build an Assisted Living Business, Not Just a Facility

I spoke at a conference recently on the topic of starting an assisted living facility. Some of the questions from the audience indicated that there were some who, in my humble opinion, were not asking the right questions. Questions included things like: “How important is location?” “How long will it take to fill a new […]