Residential assisted living

[Jack Williams]

Anybody have any experience in this area. I'd really like to find more information on this. Please reach out to me.

[Account Closed]

Stay away from Assisted Living! Babysitting adults is a nightmare. There is too much competition from big corporations and you cannot compete. You need to feed elderly people meals with specific diets 3 times every day. You need to have a staff working 24/7 and your employee payroll, liability insurance and worker compensation insurance will put you in an Assisted Living home. The turnover rate for employees is super high. A high percent of the homes have multiple lawsuits going on by workers, your clients and lawsuits filed on behalf of their relatives. The legal requirements, government agencies, rules and regulations will put you in the mad house. I owned an Assisted Living home and no amount of money is worth the 24/7 work requirements and demands put on you. There are many other better and easier ways to make money and anyone who tells you they want to do the business because they want to help elderly people is crazy. As stated already, there are many big corporations that house thousands of clients and you cannot compete with them. 

Just imagine one of your clients passing away and their relative doing an autopsy in an attempt to prove that you killed your client by not giving him (or her) the proper medicine at the proper time. Or, your client falls on the floor, dies and you get sued because you did not catch your client. Or, you have to get out of bed at exactly 3:30 am every morning. You thought you would have workers to do the job of cleaning your client's butt, but you cannot find a good employee who will do the job for you. This is exactly what happens. 

Expect to pay $40 per hour for decent workers who will work 24/7 shifts. You have get a few cheap workers in the beginning, but eventually you will find that if you want good workers you will have to pay no less than $25 per hour and when matching payroll taxes and paying worker comp that comes out to about $37 per hour.