All Forum Posts by: Laura Abbott

I would absolutely seek out Gene Guarino. However, a property manager is dealing with the property itself, so the management of the property doesn't take much more than what a regular property manager does.  There are "house managers" who deal with the residents and their needs, but a property manager is different.

Yes, you can find property managers to do this.  I believe this field will be growing as more and more people open single family AL homes.

And there is also a growing field of investors buying the real estate and turning it over to an operating company turn-key ready for a premium rent.

Where are you located?  I may know an operating company who is looking for an investor to buy and rent back the property to them.

Gene’s system is awesome! My first home should be opening in March. And I have an offer on a second home. I would love to get five houses up and running quickly.

Gene Guarino is my mentor For assisted living and memory care homes.

I am looking for my second property at present. If someone reading this thread is looking for a house to rent to me, and gives it to me in return she can dish, I can pay above market rent. Houses I am looking at require anywhere between one to $2 million, unless someone wants to get a mortgage. Then it would obviously cost less.

I’m actually looking for 6 employees. Using someone else’s companion Care company for the first 6 months. 

I am in the process of readying my first senior memory care home in Ridgefield Connecticut. I will have five residents with two daytime caregivers and one a week night staff.

that’s the price for the real estate and the business. Fully operating at 100% occupancy. 

18 Bed assisted living facility.  Room to increase rents and to add 2 more beds.  $748,500 all in.  With a 10% down mortgage, all in is $163,500 making it an over 30% cash on cash return.

We've spent over $100,000 already on entity structuring, training and legal fees in CT figuring out how to make the single family assisted living/memory care model work in CT.  Now we need a partner or two to buy the first house and get it up and running.  Extremely lucrative model.  Earn a very generous return and possibly get a share of the monthly net income too.