Archive for June, 2014

Care Homes in Arizona: A Lucrative Business Opportunity For Filipinos

by: Maria Hass –
Filipinos are known to be inherently caring and helpful people. Our culture has taught us to care for our parents until they pass away. It’s no wonder many Filipinos are finding care home businesses to be a perfect fit for their lifestyle.
It is not only rewarding to care for and help old people, but the salaries available for these services are typically generous. In Arizona, the care home industry is participated in heavily by Filipinos and many are making a good living from it. Filipino-owned care homes is growing as many people choose to retire in Arizona. The weather in Arizona is warm and Arizona is hurricane, earthquake and typhoon free making it a safe place to be.
Having been a Realtor for eight years, I constantly encounter clients looking for care homes to rent, buy or sell. My list of care home connections has increased dramatically over time.
5 Bed care homes in Arizona are preferred by many families than large care home facilities because of its intimate and personalized service. Finding care homes in Arizona to start a business is not difficult with an experienced and a well connected agent. Filipino owned care homes are typically managed by Filipinos who were former nurses, care givers, hospice counselors or had experience in medical care.
To start a care home business in Arizona from the ground up, you will need the following;
1. Find a home to own or rent — If you are renting a care home, the rental is typically about $1,000 more on top of the current real estate rental.
2. Get zoning, licensing and inspection approval — this usually takes one to four months.
3. Hire a manager and caregiver(s) — Caregiver certificates take about two weeks to obtain and manager certification takes about three months.
Business cost for a four-bedroom care home with five resident patients:
1. Monthly rental — Depending on location, age and size of home and number of residents allowed, anywhere from $2,000 to $4,000
2. Utilities — Can vary by season — electric, gas, water, sewer, garbage, telephone, internet, TV — between $800 to $1,500 per month
3. Food — $500 to $800 per month
4. Registration Fees — $680 per year
5. City Tax (example: Chandler) — $60 per month
6. Manager — Up to $500 per month
7. Care Giver Salary — $1,500/month
Care Home owner Edna De La Cruz said  “families of care home patients pay anywhere from $1.500 to $4,500 per month, per patient. In the City of Chandler, patients typically pay between $2,000 to $3,000 per month, depending on the type of care, location and home care services. The maximum number of residents allowed range from five to 10 patients. These businesses produce positive returns with the second or third patient.” Finding a good care giver is key to keeping the care home patients and their family happy. Filipino care givers are in high demand due to their level of customer care.
For more information about the care home business, go to the Arizona Department of Health website.
Contact Maria Hass at 480-650-0075 for more information about buying, selling or renting a care home.
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June 27, 2014 at 7:19 am Leave a comment

What is a Great Area To Invest in Arizona?

by Maria Hass
Every investor, whether buying a home to hold and rent, fix and flip or as a second home, wants to see a positive return on his or her investment.
What area of the Valley of the Sun has a particularly promising real estate future? The City of Mesa.
This huge city east of Phoenix (its population is larger than Minneapolis’ or St. Louis’) was first developed in its southwest section and its downtown. With the completion of the Loop 202 highway, Mesa has expanded home development further east, where new and innovative ideas are being explored.
Valley Metro, the name used to refer to the Phoenix light rail system, is expanding with construction under way in downtown Mesa. The extension is expected to reach completion in 2018.Development along the Metro route includes new colleges and housing projects near existing and future light rail tracks. Other large projects such as the Barry and Peggy Goldwater Library and Archives and a world-class downtown concert hall are either planned or contemplated. Investors are snatching up historic homes to hold or fix and flip in anticipation of the light rail project’s completion.

One new project is The Eastmark housing development — this five-mile housing project boasts different home builders and includes an active adult community within the development. With lakes, splash pads, numerous parks everywhere and walking trails, it is attracting many people to move to Mesa. Businesses are forming and expanding to answer the needs of the growing population. A recent report by WalletHub ranks Mesa No. 9 on a new list of the Best Cities To Find a Job in the United States.

The City of Mesa has its own airport with commercial flights. Its property tax is lower than surrounding areas. East Mesa boasts views of the Superstition Mountains.

Finally, Mesa is considerably more affordable than neighboring cities. Because of its size, the new development taking place and the growing population, Mesa has exploded from $100 sold price per square foot at the end of last year to $116 sold price per square foot last month. A feat unparalleled by other cities.

Next time you think about investing in Arizona, explore the wonders of Mesa, where you can find a high quality of life for less.

June 12, 2014 at 2:39 pm Leave a comment


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