In-Home Care Promote Your Business
In-Home Care
Cost Report

Residential Care Facility Owner Operators

Owning and operating a Residential Care Facility for the elderly, a licensed activity by the State of California Department of Social Services, is a daunting, challenging and rewarding occupation. Just ask any Administrator or staff person in a residential care community what the favorite part of their job is and their response is most often "caring for the residents". While this is an important part, the caring business also needs to be provided in a fiscally responsible manner, or the business will not be profitable. An Administrator needs to have the knowledge, skills and abilities to successfully run a profitable business that cares.

One has to be attentive to both the quality of care and satisfaction of residents as well as profitability.

You might ask yourself the following questions:

I am interested in providing Residential Care for the Elderly. Is this a business I can succeed in? Can I financially afford to invest my time and money?

You own an exsisting RCFE facility and are thinking and wondering if it would be profitable to expand or remodel? Is it possible to refinance your existing loan, reduce your current debt service and increase your net profit/cash flow? Do I have enough equity in my existing facility, or will I have, after projecting my new income by expanding, remodeling or building new, without having to add new cash to a project. The answer is it could be if you ownerd and operated the facility for more than two years, thereby establishing a business history.

Am I financially healthy enough to consider opening another facility and is there suitable financing available to fund this venture in todays marketplace?

All of the above thoughts and questions are legitimate and need to be answered truthfully in order to succeed in this business.

Be the first to find this article helpful.

About the Author

William P. "Rick" Dwyer, Real Estate Advisory Services
111 Wild River Ln
Folsom, CA 95630

If you would like to re-print this article, please contact the author.
Get Matched to Local Assisted Living Facilities.
Click to Get Quotes

Related Topics

In-Home Care (Non-Medical)
Assisted Living and Nursing Facilities
In-Home Senior Care
In-Home Nursing Care
5 Tips for Preventing Falls from BlueStar
Let's checkout simple and easy tips for seniors that helps to avoiding falls in your home.

Cost of In-Home Care for Seniors
How much does in-home care cost? Learn more about the factors that impact the cost of...

The Future of Home-Care
By 2020, over half of the population will be 60 or older. Even though there has been...

An Inside look at In-Home Care
In-Home care is becoming a popular choice for short and long term care and daily...

The True Cost of Hiring Private Duty Home Care
There are many pitfalls to hiring a caregiver privately instead of using an employee...

Get Matched to Local Assisted Living Facilities.

Other Related Topics

Warning Signs That Elder Care Help Is Needed
Improving the quality of life of our elder care clients, helping them maintain their...

Editorial Disclaimer: The views expressed in articles published on this website are those of the authors alone. They do not represent the views or opinions of this website or its staff. The articles on this site do not constitute a recommendation or endorsement with respect to any views, company, or product. Authors affirm that article submissions are their original content or that they have permission to reproduce.

Free Cost Estimates   |   In-Home Care Providers Directory   |   In-Home Care Cost Report   |   Free Business Listing

Home   |   Articles & Videos   |   Affiliates   |   Networking Groups   |   Search by Category

Terms of Use   |   Privacy   |   About Us   |   Contact Us   |   Member Login

©2003-2018 - VentureStreet, LLC

Join Our Business Network