Category: Group Home Operations

How Do I Go About Finding Property To Rent Or Buy And Use As A Group Home?

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We are going to discuss the best way to go about finding property where you can operate your halfway home, group home, transitional home or care home.

Let’s assume you are a little short on money. You don’t have a down payment set aside, and you are wondering how you are going to set up your first group home. Nothing to fear….all the information you need is HERE.

Open up your local newspaper or simply go to craigslist.com and start looking for properties for lease. I don’t care if you are in expensive Northern California or a small town in Arizona or Tennessee; there are hundreds of homes that people are looking to lease! So let’s run through the initial steps:

The Process for Finding Property

Step 1: Go to Craigslist, Zillow, Trulia or any other website to begin looking for homes for lease.

Step 2: Send the people that are listing their homes emails or call them to set up a tour.

Step 3: Look and visit the property. Make sure it is in good condition. Remember, properties that are not in good condition will wind up costing you time and additional cash out of pocket getting them fixed up – and that is money that you want (and need) to hold on to.

Step 4: Negotiate a deposit for $150 that allows you to secure the property and begin moving your furniture into it. Tell them you need the first month free, and that you will pay them starting the second month. There are some ways to go about doing this, but remember, the key here is to find a MOTIVATED landlord!

Often (and we know this from experience) landlords simply will take the first halfway decent applicant that comes along – even if they don’t have the first full months rent! Tell them you will give them access to your credit card or something for security – and they can run it on Paypal if they don’t have a way of accepting credit cards. Remember, you need to be creative to secure this lease for a LOW LOW LOW price!

Step 5: Get them to say YES! Once they say yes, you are ready to begin moving your furniture in and get your group home or assisted living home started. All you need is two clients at $500 per month, and you can make the rent payment! It is that easy.

Now go out and advertise what you are doing to the local hospitals and case workers and your phone will be ringing off the hook before you know it with another four clients for you. Now you have six customers at $500/ month or $3,000 per month with a $1,000 rent payment. Next month add a few more customers and the following month, start increasing your rent! Just like that you no longer have to worry about finding property.

The next thing you know, you have $4,800 per month coming in with $1,000 per month going out along with a few additional expenses. You have now successfully secured a lease for your first group home, filled it up with paying clients and are now reaping the rewards both financially and emotionally. You are now helping people in the community while simultaneously helping yourself.

How to buy a home that you can use for starting your group home

Let’s move on now that we have finding property out of the way. A brilliant way to generate generational wealth for your family and progeny consists of purchasing the properties – whether buildings or homes – and then running your group homes, assisted living homes, care homes, sober homes or ICF homes out of them. Doing it this way will allow you to eventually pay off the mortgage which will reduce your monthly expenses by $1,000 or whatever the monthly payment amount is. Additionally, you wind up having a free and clear asset which will (over the long term) appreciate in value (most likely). We go into further details on this in future blog articles.

So, what’s in it for you to run one of these homes? Why wouldn’t you just provide housing to a traditional renter? Watch this video to see the amazing outcome this business model will have on your community AND your wallet:

If you are looking for additional information on how to start a group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other type of care home for people with disabilities; check out our FREE 10-PART COURSE on starting your very own income-generating group home.

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Group Home Insurance? HOW, WHERE AND WHY!

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Do I need group home insurance for my group home or special needs care home?

One of the first things a business thinks about after starting are their insurance requirements. Insurance can be a tricky subject. Some businesses need it, others don’t need it. Some are required to have it while others are not required to have it.

Running a group home, sober home, special needs disability home, transitional living home or other type of care home is a business that can be extremely profitable – both for your bank account as well as your mental and emotional bank account. You can create a true “community asset” that helps out those in need throughout the community, while also providing an amazing lifestyle for you and your family. However, while you are enjoying all of your newfound passive income that you have created by providing housing and related services for those in need, remember that things can happen. Perhaps you decided to purchase the property where your group home operates. If that is the case, you may want to look into obtaining property and casualty insurance. Unless you acquired your property all-cash, chances are that your bank will require that you have insurance.

In other cases, you may obtain a government contract for foster homes, group homes, or a specific niche of transitional living homes in your area. If this is the case, and you have started a group home which has now taken you to the “big leagues” of government contracts, you can be rest-assured that these entities will require you to have insurance. What type of insurance? Typically, these government contracts require the following:

General Liability Group Home Insurance

Liability:                                                                             $1,000,000 limit

General Aggregate                                                             $2,000,000 limit

Products and Completed Operations                            $2,000,000 limit

Personal Advertising Injury                                            $1,000,000 limit

Damages to Premises Rented To You                            $100,000 limit

Medical Expense                                                                $5,000

Abuse and Molestation

Each Occurrence                                                                $1,000,000

General Aggregate                                                             $2,000,000

Professional Liability                                                      

Each Occurrence                                                                $1,000,000

General Aggregate                                                             $2,000,000

Workers Comp

Each Occurrence                                                                $1,000,000

General Aggregate                                                             $2,000,000

If you are not going after government contracts, or at least they aren’t currently on your radar, you may potentially skip this step and simply get general insurance. Possibly a less rich policy, such as a simple General Liability policy for your group home or care home business. If you are simply operating sober homes or transitional living homes for people that have lower incomes than most, you can obtain these policies at minimal expense.

Of course, you need to know where to look! That is what www.grouphomeriches.com is here for. No where else can you find this much information at your fingertips! In fact, many of our thousands of subscribers didn’t even realize that could make an amazing passive income with just a few simple group homes before finding our website. Just the information above is worth tens of thousands of dollars. Why? Because how else would you ever know how much insurance is required to procure a government contract?

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What is Next?

In future articles, we will talk specifically about how else to locate and procure government contracts that can literally set you up for life. One simple contract and technique could put a guaranteed $3,000 – $6,000 or more (PER GROUP HOME) in your pocket each and every month. Think about it……You would need to have over $1,000,000 (one million dollars!) just to generate $3,000 per month in passive income —IF YOU ARE LUCKY! Yet, one group home can literally set you up for life. And the reason why insurance is important?

This income stream is protected! What if the building where your group home is burns down? That is what insurance is for. What about the rents you will miss out on? That is what “Loss of rents” protection insurance is for. We hope today’s article was insightful and beneficial for you. Remember, the more you learn, the more you earn. Sign up today for our FREE 10-PART COURSE today and learn much more than just group home insurance.

What’s in it for you to run one of these homes? Why wouldn’t you just provide housing to a traditional renter? Watch this video to see the amazing outcome this business model will have on your community AND your wallet:

Who is the Rep-Payee for the Clients at Your Group Home?

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How to get set up as a rep-payee to guarantee your income!

When you are providing group home housing and related services for people with disabilities and other disadvantaged populations, one of the most important things that you can do for them, and for yourself, is to get set up as their representative payee. Of course, if you are being paid directly by the federal or state government then you may not want to act as the rep-payee; you may want an outside third party to do this for you……

Continue reading “Who is the Rep-Payee for the Clients at Your Group Home?” →

How to Start a group home in YOUR state….

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Are you looking to learn how to start a group in your state?

Are you from any of the following states:

California

Texas

Florida

Wisconsin

Indiana

Arizona

New York

Tennessee

Vermont

Illinois

Oklahoma

Kansas

Arkansas

Minnesota

Georgia

Alabama

ANY OTHER STATE?

KEEP READING!

Group homes, sober homes, transitional living homes, residential care facilities and other types of specialty care homes are needed no matter where you are located. There is a HUGE demand for this type of housing, and a substantial undersupply of this type of housing! Keep reading to find out how you can help and #2, how you can help yourself……

The process, albeit a simplified process of starting and operating a group home, is really quite simple. Here are the ten steps to starting, marketing and managing your group home:

  1. Rent or purchase a property (house or building)
  2. Outfit each room with furniture, linens, etc
  3. Obtain a couch and television for the main living area
  4. Put together a marketing brochure
  5. Start emailing, faxing and passing out flyers at doctors offices, hospitals, MH/MR facilities, foster homes, correctional facilities, governmental agencies, Probation offices or wherever your “ideal client” would be found
  6. Meet and present with social workers, case managers and others that need to refer their clients to a group home
  7. Sit back and wait for the calls to flood your phone
  8. Assist the client in moving into the home
  9. Collect the rent and the deposit for the first month
  10.  Continue collecting rent and overseeing the group home!

 

These ten steps are put on paper for you to read. Doing it is another story. However, what you will find is that doing this is really quite easy and will not cost you an arm and a leg to do. In fact, you can potentially secure a nice four bedroom home with a $300 deposit. After that, take a look at the local auction houses around your town (we provide some free resources in our free wealth generating group home course on where to buy $2,500 furniture for $10) and outfit the home for less than a few hundred bucks. This is not a joke! For $500, you are ready to go (although it may take you some time to find everything you need).

So what else do I need to do to start my group home?

The above ten steps outline everything you need to do to get started. However, the most important thing for you to do is get your property secured (you either rent it or purchase it) and then get your marketing material out to the appropriate parties. You must, I repeat, MUST, market your group homes, care homes and assisted living or transitional living facilities to generate the phone calls! Let me tell you, there are hundreds of people each day in your city that needs a place to live and the government is willing to pay you each and every month to provide housing for them! Interested in learning more? Sign up for the free course on how to start your wealth-generating group home

 

If you are looking for additional information on how to start a group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other type of care home for people with disabilities; check out our free course on starting your very own income-generating group home by entering your email below.

 

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Specialized Group Homes – ICF/MR Homes

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An ICF-MR home is an Intermediate Care Facilities for Individuals with Mental Retardation. These are typically houses run by individuals such as yourself where people with disabilities live. The great part about it all, is that you can help out people with disabilities by providing them a place to live, and the government will pay you for it! Specialized group homes is the place to be!

Now this is just one type of home that the government will pay you to run. There are numerous others that we will address in upcoming articles and posts. Typically speaking, ICF/ MR homes are really only for individuals that are receiving what is referred to as “active treatment” services. What this essentially means is that individuals that need supervision will live in an ICF/MR group home. So, in essence it is a different level of care that will be provided to these clients and therefore you as the person who is going to start a group home will be compensated for the increased level of care that you will provide.

But you are still wondering, “how do I start a group home for people that require active treatment and who are already disabled” and how do I find clients that qualify for ICF/MR housing?

These are great questions. Depending on your state, the requirements will differ as far as who qualifies to live in a group home that is for ICF/MR clients. The people that will qualify to live in an ICF/MR home will need to meet the criteria that is defined by the federal government and the appropriate regulations. Typically speaking, this means that the individual’s conditions must have started before the age of 22 and will continue on forever. Most of these clients have parents or guardians that are actively looking for a special place where good, quality people will watch over their loved ones. In other cases, nurses, social workers and doctors are actively looking for quality housing providers for their clients. The problem is not lack of clients….the problem is lack of people like you that want to start a group home! So if you want to start a group home for this demographic, you will need to get the appropriate licensing…..this is something we will get into in future articles. In the meanwhile, just remember that this is only one of THOUSANDS of different types of group homes and transitional homes where people like you can make a Great Living doing something that is good for the community!

But maybe you are asking, “Hey, I really want to specialize in the ICF/MR area. But, will there be enough money in it for me?” These are understandable questions. After all, you not only need to provide for others, you also need to be able to provide for your family. And I am here to tell you that the government will compensate you tremendously well for helping this demographic of society by not just providing and starting group homes for those with special needs, but providing housing and related services for an even higher need population. Just like a doctor takes in clients and bill medicare, Medicaid or the insurance; ICF home providers will bill the state depending on the level of care provided the client. The amount of billing can be tremendous. In fact, there are numerous individual millionaires that run group homes for the disabled and there are also numerous private equity companies that run hundreds, and in some cases thousands of ICF/MR homes. These owners are extremely well compensated for their compassion and generosity.  Here is a link to the proposed interim rate for a small, ICF/MR house…….$628.31 PER DAY. Yes, per day. Here is the link.

http://www.hhsc.state.tx.us/rad/downloads/09-2013-idd.pdf

 

So can you now see how profitable and lucrative the opportunity becomes when you begin starting a group home to help people with disabilities? And remember, this is just one of hundreds of different programs out there that you can participate in.

If you are looking for additional information on how to start a group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other type of care home for people with disabilities; check out our free course on starting your very own income-generating group home by entering your email in the form below.

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