3 Main Goals to Consider Adapting When Opening a Group Home

Every group home startup should be founded on the right goals and objectives to gather like-minded people and work towards building up each other’s success stories. After all, the environment is meant to help disadvantaged individuals find their place in the world. You also get to earn money as you assist others. For your guidance, consider the following ideals most established group homes have and see if any of them apply to your context:

  • Provides a sanctuary for different walks of life

When we hear about sanctuaries, we often associate them with a retreat house or a vacation spot. While some of these qualities can be seen in a group house since it is a place of rest, it is more than just a relaxation area. Remember, group homes cater to vulnerable members of the community, like family abuse victims, rape victims, and children from impoverished households.

As such, what you want to highlight with your group home is it’s a safe environment for persons who may have encountered the same challenges but still come from various backgrounds. It can be an open opportunity to confide in others, feel more comfortable around different people, and even release some of the traumatic emotions associated with their past living situation or experience. 

  • Empowers others to be independent and open to asking for help

Striking a balance between being self-assured and opening yourself up to others for help may sound like something fairly easy to do. However, most of your group home housemates may have a harder time with this because of what they experienced, especially when there is still associated trauma and anxiety. Thus, it’s important to get them started with household chores.

For instance, you can have a group house schedule for chores divided into groups. This way, you can encourage them to accomplish tasks for the betterment of their housemates and themselves as well. It can open doors for camaraderie, but you may have to be present and request other staff to be there to break the ice when needed. You can also look into other activities, like outside games, storytelling sessions, and even skills-building workshops.

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  • Emphases good health and wellbeing in all aspects

Since your group home members mostly come from unhealthy, emotionally damaging backgrounds, your adherence to their wellness in all areas is of utmost importance. You may even have to request physicians to perform tests, including drug and STD tests. You may also need to conduct counseling and psychiatric assessments.

Fortunately, you can lift the burden off of medical professionals to the best of your abilities by promoting healthy habits, like eating a balanced diet, exercising daily, and having a good night’s rest. Doing this will enable you to better equip your group house benefactors to become restored more quickly and become productive members of society.

Conclusion

Successfully running a group home means being committed to fulfilling and doable goals. Fortunately, you now have better insights to guide you through the process of developing your own objectives to ground your cause in well-established values. Just be open to other approaches, determine which works best for you, and get started!

Do you need useful, reliable group home startup information to guide your plans? Check out our resources at Group Home Riches. We have free blog content and a 10-part course about how to start a group home. With our help, you can succeed in being an active changemaker in your community as you embody your values and ideals. Start planning today!

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How to Open a Group Home Business: A Business Plan for a Nursing Home

People are getting old and there is no getting away from it. At the same time, not everyone is fortunate to have such relatives with whom it is easy to go through this period. Many elderly people do not get enough care from loved ones. In such a circumstance, the best choice would be to relocate to a specialized group home, where experts can provide the proper care that seniors need so badly. Given the current situation, many novice businessmen are thinking about opening their own group home business TX. This can be a great option for making money, but it will take a lot of investment. 

Before making a decision to invest in such a company, it is useful to establish a detailed business plan. This will enable you to accurately calculate and calculate whether the available amount is enough to open a nursing home. It is important to note that the organization of this company will require serious investments, but they should be profitable.

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Room Selection

Elderly people will definitely approve if there is a fine view from their window. A group home is not just a temporary hotel, much less a shelter. People will live there for more than one year, so it is required to make comfort and silence for them.

Choosing a house in an ecologically clean area must be taken into account that the building must be multi-room. Each guest should have a separate room.

The dining room in a group home needs to be comfortable. Old people need to be provided with standard meals three times a day. For many, you should establish a special menu, taking into account the diet.

Group Home Staff

This is a very essential part of the work that needs to be taken into consideration because it depends on the type of people who will be working in group homes. 

There are specific requirements for staff to work with the elderly. Here are important qualities such as honesty, patience, goodwill, conviviality, sensitivity, attention, and love for their work. Group home training should be a major factor in selecting employees. For example, chefs should have knowledge of how to prepare diet meals, and it is preferable to choose some of the nurses with psychological education.

Documents and Advertising

Getting your promotional activities right is very important. You can’t succeed unless you get the attention of the customers. It is preferable to use the media and the worldwide network to do so. You can set up your own website where all visitors can learn more about the advantages of your particular facility.

Conclusion

A group home business TX for seniors is a truly necessary and helpful business for our country. By organizing such an institution, you will not only make life easier for the elderly and their families but also be able to receive a stable high income.

Unfortunately, the aging of the population is a difficult process, and the situation will not change in the next couple of decades, but there can be benefits from this, and opening a nursing home is one of them. Contact us now on a winning Group Home strategy.

 

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5 Common Misconceptions About Group Homes to Know About

Discussions about group homes are becoming more common than ever before. Even with the ongoing pandemic, many of these establishments are sprouting, and it appears that the demand is continuously getting higher. However, many are still on the fence about starting a group home because of their misconceptions. 

Whether you are thinking of starting your own group home business or are simply curious about them, knowing about these common misconceptions and the truth behind them will help you understand how group homes work: 

Group Homes Are All About the Money 

One of the most common misconceptions about group homes is that those who own them are only doing it for the money. What many do not realize is that these establishments are just like other businesses that belong in the human services industry. To grow and survive, they need to earn money. Some people go as far as saying group homes make money from the misfortune of people who are already suffering. The truth is that it’s no different from clinics and other facilities.

Group Homes Don’t Genuinely Care About Their Residents 

Again, this is not true––at least not from most group homes. Although the staff can never take the place of the family as caregivers, most people working here do care for their residents, and many even go beyond their responsibilities. Their job needs compassion and patience, and it’s impossible to work in this field without actually caring for those who live in a home. 

Group Homes’ Staff Is Often Not Qualified 

Not many people know that employees of these establishments undergo rigorous training to be qualified for their jobs. From medication administration to CPR and proper management of aggression, and more, every member of the staff has sufficient knowledge of these skills before they start with the job. They also know how to monitor blood sugar, blood pressure, and other important health metrics. Most staff members even receive certification for the skills they are qualified to perform. 

Group Homes Can Reduce the Value of a Neighborhood

Some people may have apprehensions about having a group home in their neighborhood, but the truth is that they are now more integrated with their communities and often blend in with other homes in the area. It’s a very rare instance that a major disruption happens or that someone complains about residents of a group home. It’s improbable that the values of the properties in a community with such an establishment will depreciate. 

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Group Homes Usually Do the Bare Minimum 

Some people think group homes exert no effort and simply do the bare minimum when the fact is that most providers go to great lengths to improve the quality of life of their residents. Some take the residents on vacation while others drive hours so their residents can visit their families. 

Given how competitive the industry is, those that only deliver the bare minimum would not last in the business for long because residents can simply move to a better provider. That’s why most group homes now try to offer a lot of extra features and services for their residents. 

Conclusion 

There’s no reason to believe the misconceptions mentioned above or any others that you might hear over time. If you really want to understand how the business side of it works, you might want to consider speaking to those who already own group homes for rent and are successful in their venture.  

If you want to know how to start a group home in Ohio to provide care for people in your community who need it and get financial rewards at the same time, check out Group Home Riches. We offer courses that can help you get started with this fulfilling journey. Contact us today to learn more about how we can help!

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Elderly Benefits in Group Homes

In old age, people are often unable to take care of themselves on their own. Not everyone can provide the necessary assistance and care to their elderly relatives. There are no opportunities and time to be around often, to follow a special diet, to help around the house, to adhere to medical recommendations. 

And their family may be limited in funds or do not have the necessary amount of time to provide qualified medical and often household assistance. There is an exit! These are specialized group homes that provide their guests with a pleasant and comfortable stay.

To a greater extent, this applies to those who live far from their old parents and want to provide them with a decent old age. Then these people go to group houses for the elderly.

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Elderly Family and Friend Benefits

In every city, there are group homes, where you can entrust your elderly family and friends. At the same time, you will not worry about whether your forgetful mother drank the medicine on time.

  • Qualified staff who watch over the residents of the boarding house around the clock. Nurses monitor the implementation of the doctor’s recommendations.
  • Group homes have all the necessary equipment for caring for disabled elderly people, modern equipment, and specialists. At home, such a disabled person is almost impossible to give.
  • Flexible schedule: All group homes have a clear regulated regime of the day, and visiting guests are often not limited, so you can visit your elderly parents at any time of the day or night.
  • Registration in group homes is fast, but each of its inhabitants will receive a decent recovery, get to know people like him, and will participate in the cultural life of the boarding house. For him, staying in this building will feel like a vacation.
  • Quality medical care: Each employee of the group home has a higher medical education and solid work experience in this matter. Therefore, your relative will be provided with medical assistance on time and will be given expert advice.
  • A sense of self-importance and need: An elderly person who lives in such a group home finds friends for himself, quickly joins the team of the same as himself. This is a huge plus for the spiritual component of a person. Old people require no less attention than children. They need a company to walk together in the fresh air, play chess, or just watch their favorite programs. This is where this company will appear.
  • Coziness and comfort: At home, the situation is not always the same as in a group home. After all, the building is located in an environmentally friendly place. The rooms are equipped for the individual needs of each person, calm tones in the rooms, as well as numerous parks on the territory of a group home

Conclusion

So, want to help others while simultaneously being financially rewarded? Once you’ve completed your group home training and are ready to get begun on your path to financial freedom while helping out your community, enroll in our Gold Course today, start by contacting us now

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EZ DISABLED VETERAN GROUP HOME OPERATIONS TIP YOU CAN IMPLEMENT TODAY- CARE HOMES OR DISABLED VETERAN HOMES

disabled veterans group home – operations tip

THIS IS A QUICK AND EXTREMELY BENEFICIAL TIP THAT I TEACH MY
GOLD COURSE
CLIENTS

                                                        Let me give you a disabled veterans group home – operations tip. If you provide disabled veterans group homes – then you need LOCKERS……Keep reading this for more and BETTER operations tips from the GROUP HOME GURU

When you operate GROUP HOMES, CARE HOMES, SOBER HOMES ETC. YOU ARE ESSENTIALLY THE CREATOR OF FAMILIES.

Your job is to put different people together (we joke around periodically and call our homes “Petri Dishes”) and help them get along.

                                                       “INVERT ALWAYS INVERT” – Carl Jacobi

Like I said above, your job is to put people together, make sure they get along and make sure they pay their rent.

Now, revert back to Mr. Jacobi’s quote.

Let’s do this by taking away the opportunity of NOT getting along. For example – what if one of the disabled veterans living in your group home does not get along with one of the other disabled veterans?

HOW DO I DO THIS?

                           Here is the disabled veterans group home – operations tip you have been waiting for……

1 strategy I teach in the GOLD COURSE (aside from individual TV’s etc) is LOCKERS. Sometimes the MOST OBVIOUS things to do are the ones that never get implement.

THAT IS WHY YOU NEED LOCKERS.

Let me explain the ROI. Let’s assume you are one of my Premier GOLD COURSE clients. You got started with me a few years ago and now you have 7 GROUP HOMES. Prior to implementing the LOCKER STRATEGY you would have a Lost of Stolen item report every 3 months in each home. Thats 28 per year. Each time this type of BS happened, it would cost you 3-5 hours in lost time and often a lost tenant b/c one person said that another stole something……

THE LOCKER STRATEGY PUTS ALL OF THAT TO BED

                                    This disabled veterans group home – operations tip takes care of all of this….

(no disabled vets fighting amongst each other in your group home. No disabled vets in your group home saying someone stole their laptop)

With a locker, every tenant has one. If they have an item of value – whether a small laptop, BBQ Potato Chips (Im not kidding) or a gold bracelet, they have their own private locker. They must get their own lock…..

BUT JUST THIS ONE STRATEGY CAN ELIMINATE A TON OF WASTED TIME

If you are looking to start, expand or improve the operations at your disabled veteran group home – or any type of group home for that matter – sign up for my free 10-part course

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                     Did you enjoy this disabled veterans group home – operations tip?

HOPE THIS GOLD COURSE STRATEGY AND disabled veterans group home – operations tip was helpful!

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COMMENTS?

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CAP RATES FOR MULTI FAMILY REAL ESTATE AND GROUP HOMES

WHAT ARE REAL ESTATE CAP RATES AND HOW TO EASILY THUMB-NAIL A MULTI FAMILY CAP RATE CALCULATION

One of my students in Los Angeles reached out to me the other day. I have been coaching him since the recession back in 2008 or so. At that time, I pushed him HARD to get into the multi-family real estate game because the CAP RATES WERE (past tense) amazing. Fast FWD to 2018 – the cap rates suck. Will they go down further and may you be able to sell to the “Greater Fool”? YES! It very well may happen. I do not have a crystal ball. But what I DO, is play conservative and invest for YIELD. GROUP HOME CAP RATES are HUGE…..READ ON!

Although it is a bit more work than class A or class B; the yields (CAP RATES) and opportunities were very lucrative in the C and D grade space back then. He had the capital, the time and the energy to build up a strong portfolio – although he opted NOT to get into the Group Home game as he didn’t feel like he had the management experience at the time or the personnel resources available to act as house managers.

At the time, he was buying stuff for $60 – $80 per square foot in downtown LA. Heck, even back then the build-costs were upwards of $200. I figure his buy-in cash yield (cap rate) at the time was 9-11%…To give you an idea, nowadays, people are buying stuff in Inglewood and elsewhere out there in the mid 3%’s (although they are probably marketing them as 5%’s)

Today I want to give you a quick tip on how to easily compute a cap rate (or yield) on your total investment and then also give you an idea of what type of return you can generate if you set up a group home

 

 

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HOW TO EASILY THUMB-NAIL A CAP RATE (CAPITALIZATION RATE OR YIELD)

Step 1: Determine total annual revenues (tip: take monthly gross rents X 12)

Step 2: Divide by 2

Step 3: Take that number and divide by your all-in cost (purchase price + repairs + fees)

EXAMPLE:

Revenues are $100,000 per year. Divide by 2 = $50,000. Your all in costs are $1,000,000.
$50,000 / $1,000,000 = 5%

That is your return or CAP rate

Those types of returns are pretty typical in non-tier 1 markets (assuming tier 1 = San Fran, LA, NYC etc) for C grade properties. As you can imagine, it will take A LONG TIME to get your money back and get rich this way (unless you plan to fix and flip or add value in some capacity)

GROUP HOME RETURNS

I am a strong advocate of locating deals (10 CAP RATE or better) and then turning them into group homes. Once your group home is up and running, you should be able to increase your net yield on that property to 20% – 30% or better. In fact, most of the time, I don’t even bother calculating it.

As Warren Buffet says, “If you need a calculator to determine your return….chances are it is not a good deal!”

                                                                                    SUMMARY

When you operate group homes, you are operating a business. Most small businesses should enjoy 20-35% returns.– REMEMBER, these can be calculated using the cap rate formula I taught you above.  Often times even more. With Group Homes, you should be able to generate 1000% returns (not including the real estate) which should bring your net ROI / CAP RATE / YIELD of your group home and the real estate to anywhere between 20% – 40% depending on your location.

Stay Strong,

Andy

2018 – What is your Group Home Game Plan

This Group Home Room = Your Retirement

Group Home Room
Group Home Room

(THIS ONE ROOM in our Group Home = Over $1,500 in NET MONTHLY INCOME)

Hi ,

I’m putting up this Group Home Blog Post this Saturday afternoon with 1 tip and 1 inspirational story.

Group Home TIP #1

Group Home Automation. When you get your first group home up and going, furnished and making money your next step is to AUTOMATE. One of the easiest ways of automating is setting up your website and marketing systems to produce inbound leads for you while you sleep.

  • You can do this by coming up with a group home marketing flyer and 10-15 pre-scripted emails that go out to the nurses, case workers, social workers and doctors in you area one to two times per month.
  • You can set this up on auto-pilot using any old email system. Total cost Free – $99/month depending on how advanced you want it to be.
  • We actually include group home campaigns like this targeted toward disabled vets and other similar areas that you can use to build up your client base. All of this is included in my GOLD COURSE and you can literally just copy, past and change your company name and contact #. The calls will start rolling in in order to get your group home occupancy full and generating income ASAP.

Group Home TIP#2.

I have been absolutely slammed the last 6-9 months working on new projects – all primarily recent real estate acquisitions (in order to add more Group Homes to the portfolio) The past few weeks, my family and I decided to head out of town for a small break (quicker flight than Hawaii)- and so I am here right now writing this from my phone. The trip will cost a small fortune – but let me tell you a great inspirational story. Just last night one of my Group Home Managers told me he had received a call from a case worker needing to house a special needs client. We signed the guy up on a $3,500 three month contract. My margins on just that one client will probably be close to 90% because we will not be paying for food, and the social services agency is covering his gas, water and electric. Not bad! I just paid for half my trip with just one client without doing much if any work at all.

This is the power of the GROUP HOME AND HALFWAY HOME business. There are literally millions of people that need a place to live. I show people, step by step in my GOLD COURSE exactly how to do this and automate it so that you too can travel the world while others pay You!

Thoughts?

Questions?

Dont believe me?? Or dont think you can do it?? Think again! You CAN DO IT!

Send me an email and lets talk!

 

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You Need Situational Adaptability With Group Homes

I can’t stress how important situational adaptability is for group home entrepreneurs. The ability to see that your plan does not fit the current situation, and a minor pivot is called for in order to resolve the issue. Unfortunately, we have this beaten out of us by the school system because we are so used to stick to the guidelines and throwing away all of our creativity that we forget we can always find a way.

Continue reading “You Need Situational Adaptability With Group Homes”

Who are some of the larger group home, transitional living home and sober home operators?

The Narco Freedom is the number one outpatient sober home and substance abuse recovery home in the new york area.  As a matter of fact, according to tax returns, Narco Freedom had revenue of $46,700,000 in 2011. What are the profit margins? We don’t have access to that information, but 20% – 50% is not uncommon.

Continue reading “Who are some of the larger group home, transitional living home and sober home operators?”