Residential Assisted Living (RALs) Homes in New Jersey and New York

[Bill Polynice]

Good Day,

Hope all is well with you and yours. I am reaching out because I've been seeing articles about a senior housing crisis or lack of housing for elderly individuals. I certainly led me to thinking that residential assisted living homes (RALs) may be a valid venture to dive into over the next few years.

That being said, I am interested in connecting with anyone who has had any experience with RALs, and similar types of settings, specifically within the states of New York and New Jersey. 

Some questions that I have include:

What are the specific regulatory requirements for residential assisted living homes in New Jersey and New York, and how do they impact operations?

How does the demographic profile (age, income, health status) of potential residents in New Jersey and New York influence the demand for assisted living services?

What are the key factors influencing the cost of care in assisted living facilities in New Jersey and New York?

What are the unique needs and preferences of assisted living residents in New Jersey and New York?

What are the challenges and opportunities in staffing for assisted living facilities in New Jersey and New York, considering local labor markets?

What are the key financial performance indicators for assisted living facilities in New Jersey and New York?