Episode #210: Assisted Living 101 with Isabelle Guarino

As a nation, we know very little about residential assisted living (RAL) compared to other real estate categories. So today, we welcome the two-time bestselling author and COO of Residential Assisted Living Academy (RALA), Isabelle Guarino, who sheds more light on the importance of RAL and how you can get involved. Named as one of the “Top Influencers of Senior Housing” and a two-time recipient of "The Future Leader of Assisted Living" title, Isabelle is undoubtedly America’s top coach and trainer for all things RAL. She begins with a detailed breakdown of RALA before diving into the common pitfalls of operators new to RAL, the qualifications and hires that are required to run an assisted living facility, the limitations that RAL administrators have to work around, and how a residency care plan differs entirely from a tenant/landlord agreement. We also unpack proper ways to go about RAL research, helpful tools and technologies that are currently available, how scaling works in RAL, and everything else that you need to know to kick-start your residential assisted living venture. Key Points From This Episode:RAL guru Isabelle Guarino explains the work of the Residential Assisted Living Academy (RALA). Common mistakes that operators make when joining the RAL space. The qualifications and key hires necessary to run a residential assisted living facility. Understanding the limitations placed on RAL administrators. Diving deeper into the numbers and economic implications. The differences between a tenant/landlord agreement and a residency care plan. How to find the right data when doing RAL research.  A closer examination of how RALA trains its students to be successful. The future of RAL, and helpful technologies and tools to use. How scaling transpires in rental assisted living.Everything else that you need to know before joining RAL. Links Mentioned in Today’s Episode:Isabelle Guarino on LinkedInIsabelle Guarino on Instagram Residential Assisted Living Academy | RALA RAL101The Young Boss Podcast Living Legacy Young BossThe Silver Tsunami of Seniors Residential Assisted Living National Association | RALNA Genworth CarePredictAsset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn