Income Tax Exemption For Adult Family Homes

  One of the benefits of owning an adult family home is the exclusion of certain income received by the owner.  You should check with your CPA or tax preparer for more information and to confirm that your income is, in fact, exempt.  There are many sources of information about this unique benefit, and the […]

Papering Over Problems With Payroll

  I’ve been involved with real estate for a long time.  It’s hard to believe it’s been more than 30 years now. Having bought, sold and helped dozens of clients do the same, I have also seen some interesting properties and interesting people. One of the more interesting things that I saw was the seller […]

Audited Financials For Your Assisted Living Facility

  Financial statements are the report card on the financial performance of your assisted living facility. Larger facilities and bigger operators are often required to have audited financial statements to satisfy lenders, investors and funding sources. But what about smaller providers? Are audited financial statements necessary? Audited financials statements aren’t necessary, unless you have a […]

Selling Your Assisted Living Facility? Expect Some Visitors

When you’re selling your assisted living facility, there are many steps in the process. Once you have reached an agreement with a buyer, there is a long list of others who may need to visit your property. Due diligence is the process a buyer undertakes to inspect a property and confirm their understanding of the […]

Who Receives the Revenue Earned on Closing Day?

This is a quick answer to a frequently asked question from ALF sellers.   “Who receives the money earned on closing day:  buyer or seller?” As we get closer to closing the sale of your assisted living facility, questions about the final details start to come up.  One of the more common questions when we’re […]

Who Keeps The Cash on Hand When I Sell My ALF?

This is a quick answer to a frequently asked question from ALF sellers.   “When I close on my sale, does the buyer keep the cash in my business bank account?” While many assisted living facilities are owned and operated by individuals or small businesses, most are held in business entities for legal and tax […]

How Much Money Do I Need To Start an Assisted Living Facility?

I’ve heard from many who are inspired to start their own assisted living facility.  Inspiration may keep you motivated.  Knowledge and experience will show you what to do.  But money will make your dream a reality.   So, how much money do you need to start an assisted living facility? The amount you need will […]

How Are Assisted Living Management Companies Paid?

It’s no surprise that many buyers who contact us at Senior Care Realty are investors.  Assisted living facilities and other senior care real estate can be great investments.  But most investors are looking for an investment, and not a job.   Investors Are Seldom Managers Assisted living facilities have a lot going on.  Resident care. […]

How Do I Convert My Home Into an Assisted Living Home?

I received a question today about how to convert a single family home into an assisted living home.  It’s a question that I’ve received many times.  It’s a big question and this post will only touch on the answer, and point you in a few directions for more information.     Local Zoning Some cities […]

Sending Emails From Highrise

You may be way ahead of me, but I found a new feature in Highrise that’s a time saver. Highrise now lets you send emails directly from inside Highrise when you have a contact open. But I hadn’t been using it because it didn’t include my email signature or let me include attachments. As far […]