Updated 5 months ago on . Most recent reply
Anyone here doing Residential Assisted Living?
Anyone here doing residential assisted living? How can one cash flow with RAL when the cost for hiring nurses and caregivers is astronomical? If you pay 1 caregiver $16.00 an hour, that's $11K per month to get 24x7 coverage for just 1 caregiver. Anyone able to cash flow with this model?
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I'm also very curious about this. I have a 5 bedroom that won't cashflow, but at the same time I don't want to give it up when I move. I've looked at Padsplit at $800/room and also RAL. Might be able to contract the RAL piece out and just be the landlord instead of the operator.