Filling a vacant assisted living room quickly is the dream of ever owner/manager, but don’t discount the long-term benefits of taking whatever time you need to get a quality tenant in place.
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Running any business has its risks. Assisted Living is no different. Fueled by an exploding market to support the growing senior class driven by the baby-boomers, record number of assisted living options are coming online across the U.S. These risks are not avoidable, and should be known before you get started so you can take steps to reduce them.
Assisted Living homes (a.k.a. Board and Care, Residential Assisted Living, Group Home) are becoming increasingly popular with the expanding number of seniors. Although there is no guarantee to success, a few steps and strategies can help potential owners be more successful.
No one wants to move to assisted living - this is a fact we've found in the 10 years we've been helping families find the right option for their loved ones. If your parent reaches out to you and says - "I'm ready to move to assisted living" - you have beaten the odds - most will take a hard stance at first. Here are 9 steps to start the conversation when you feel it is no longer safe for your loved one to live alone - and begin to explore assisted living on their terms.