How to Start and Get Twice the Market Rent Using the Assisted Living Facility Setup (with Marcia Miller)

Are you thinking of house hacking your property while serving a greater purpose?

In today’s episode of Women Creating Wealth, we've invited Marcia Miller, owner of Serenity Adult Family Care Home, and Executive Director and Founder of The Residential Home Care Network.

The Residential Home Care Network is an online network of Adult Family Care Homes and Assisted Living Facilities where you can find private home communities that offer you or your loved ones care in a residential setting.

As a licensed expert in elderly care, Marcia shares how her 5-bed assisted living facility in Orlando became a new intimate home for the elders while also allowing her to fast-track retirement.

She is also one of the creators behind Step One Training Solutions, where she offers a course on how you can start building your own residential assisted living home.

If you want to set the rates you want and fast-track your retirement while helping others, then this is for you. Let’s jump right into Episode 5 of Women Creating Wealth!

Key Takeaways:

- How did Marcia get into this house hacking setup? (00:37)

- The basics of an assisted living facility (06:50)

- A typical day in Serenity Adult Family Care Home (09:43)

- The business side of assisted home care facilities (15:40)

- How to start your own assisted living facility business? (27:08)

- Big mistakes to avoid when getting into this business (37:39)

- Final takeaways from Marcia (39:26)

Additional Resources:

- Connect with Marcia Miller here
- Sign up for Marcia's course on how to start an assisted living facility here
- Learn more about The Residential Home Care Network here
- Grab a copy of my book Empower Your Inner Millionaire
- Sign up for my FREE real estate course here
- Visit my real estate blog here

Connect with Me:

- YouTube
- Facebook
- Instagram

---

Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!