Nov 16 • Credit/Business Strategies
Group Home?
One group home can replace a full-time job.
6 residents. Monthly payments. State-backed income.
Quiet wealth is built in independent living.”
1. Start with ONE home — leased or owned.
You don’t need to buy a building. Most providers start by converting a regular rental into a licensed or supported living home.
Keep it simple → get your first residents in → scale.
2. Pick your population FIRST.
Different residents = different pay rates.
Top groups include:
• Adults with disabilities
• Seniors
• Veterans
• Teens aging out
• Transitional housing
Picking your population determines your licensing, funding, staffing, and income.
3. Learn your state’s licensing requirements early.
Some states require a full residential license; others only require registration + inspections.
This step keeps you compliant and opens the door to state-funded placements.
4. Secure your EIN, C-Corp, and insurance.
You need:
• C-Corp
• General liability insurance
• Workers comp if hiring staff
• Professional liability (optional but smart)
This protects you and makes agencies take you seriously.
😳
5. Set up your policies, procedures & intake paperwork.
You’ll need:
• House rules
• Intake forms
• Medication forms
• Emergency plans
• Staff handbook (if hiring)
This is what separates a “hustle” from a real, trustworthy program.
6. Connect with referral sources ASAP.
This is how you get residents. Partner with:
• Hospitals
• Case managers
• Social workers
• Medicaid waiver programs
• County agencies
Once you’re approved as a provider, referrals start flowing.
7. Get credentialed with state or Medicaid-funded programs.
This is where the MONEY is.
Many states pay $3,000–$7,000 per resident per month depending on the level of care.
Credentialing means consistent, guaranteed income.
8. Hire caregivers or staff — you don’t have to do it alone.
You can run the business without being there every day.
Start with part-time staff → then full-time → then shift leads as you scale.
9. Keep your home clean, safe, and well-documented.
Inspections matter.
Documentation matters.
A well-run group home gets MORE referrals, MORE respect, and HIGHER rates.
10. Scale to a second home once the first is full.
Don’t wait too long — the demand is HUGE and growing.
Two homes can easily replace a job, fund your lifestyle, and build long-term generational income.
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Group Home?
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