Despite the myth, you can absolutely operate a Residential Assisted Living home hands off. Your job is to hire a manager, who then hires the caregivers and finds residents for the home and manage that relationship with the family. You are looking for those high-quality people who love what they do. The type of person we're talking about is not just there to make a dollar. They're there because they want to be there. They love to work with seniors and this is a part of who they are. So if you do it properly your job is to manage the manager. You can even do it hands on if you chose to. There is no right or wrong way in those two options.
You should live where you want to live, but work and have your business where the numbers make sense. The reality is, if I have 10 people in my home and they're paying $5,000 a month, we can make a lot of money. But if I'm in an area where I can't fit 10 people in the home because maybe the home itself is too small, and maybe those people who are living there can't pay a lot of money. But the key is the location and having the right team setup.
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