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What you’ll learn in just 17 minutes from today’s episode:
  • Know the opportunity of running your own residential assisted living home
  • Learn about one of the greatest real estate—and business—investment for the next 25 years through running and managing a residential assisted living facility
  • Discover how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility

 

Summary

Emmanuel Guarino is the #1 Realtor for Residential Assisted Living in Arizona. He works alongside his wife to buy and sell more RAL’s than anyone in their prospective state.

Emmanuel trains and teaches at the Residential Assisted Living Academy and he is a sought-after coach and trainer for all things “RAL”. He has an extensive background in Health and Wellness, as well as experience in Investing and Capital Raising within the “RAL” world. Emmanuel has spoken across the country at many REIA groups, expos and conferences.

Today on Property Profits Real Estate Podcast, Emmanuel talks about the opportunity of running your own residential assisted living home, and discovering how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility. He also shares his goal to help people by training investors/entrepreneurs how to ‘do good and do well.’

Topics Covered:

00:54 – Emmanuel’s journey to assisted living industry

02:23 – What is an assisted living all about, a great new way of real estate investing

03:31 – Home for the ‘aged’ compared to assisted living

04:50 – How much assistance do their clients need?

06:15 – Skilled nursing facility compared to assisted home

08:55 –  Do good and do well.’ business

09:21 – How big are their single-family home converted to ASL

10:16 – Converting single-family homes to cater their senior patient/clients/tenants

12:28 – private room vs. shared room, which is more desirable and profitable?

12:39 – Who shoulders the monthly payment for the Assisted Living service? state pay, IRA investment, long term insurance or the children

14:44 – The hiring process for assisted living personels- caregivers, managers, cooks etc., what is the pay scale compared to work quality

19:24 – The ‘back-end’ of setting up ASL how to set that up

20:43 – ‘Silver tsunami’ of assisted living investments- opportunity of the future

21:53 – Connect to Emmanuel Guarino

Key Takeaways:

“Assisted living is there to help them live their lives and to help them out with those activities of daily living that they might be struggling with.”  Emmanuel Guarino

“People move in and they move out, they move out ‘upstairs’ [heaven] like we were saying, and some people, you know, move on to higher-level needs skilled nursing.”  Emmanuel Guarino

“What’s nice about this business is that we get to do good do well, I get to help a lot of people in a time of their lives where, you know, it’s tough.”  Emmanuel Guarino

Connect with Emmanuel Guarino:

Connect with Dave Dubeau:

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