In this episode, Brett Chotkevys dives into the crucial steps of starting your own assisted living facility. Brett breaks down the process into four key frameworks, with today's focus on the first one: location selection.

Starting with thorough online research, Brett emphasizes the importance of understanding your local market inside out. You'll need to know the demographics, such as age, income, and housing prices, in your target area. This information helps you determine whether there's a demand for your assisted living services and if potential residents can afford them.

Moreover, Brett emphasizes the significance of understanding state regulations and licensure requirements. These regulations differ by state and directly impact your business's operation. Ensuring you're well-versed in these laws is essential to avoid costly mistakes down the line.

Additionally, Brett suggests analyzing the competition. Investigate other assisted living facilities in your area to identify best practices and areas for improvement. Pay close attention to their websites, social media presence, and zoning to gain insights into their success and shortcomings.

#Investing #RealEstate #FinancialAdvice

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In this episode, Brett Chotkeys delves deep into the world of assisted living investments, sharing his personal journey that led to a life-changing deal. Many aspiring assisted living entrepreneurs face a common dilemma: They possess the passion, the heart, and the experience but get overwhelmed when it comes to raising capital. The idea of handling a six-bed facility is manageable, but it's clear that it won't be profitable or allow you to truly be an entrepreneur. So, how do you make the leap to a 16-bed facility and secure $2 million in funding? This is where Brett breaks it all down step by step.

Brett outlines a clear roadmap for raising the necessary funds, emphasizing the potential for partnership with investors who share your vision and passion for senior care. With the right guidance and structure, you'll discover that entering the world of assisted living investments is far more approachable than you might think.

Tune in to learn the secrets of building your own financial freedom through the world of assisted living investments. Whether you're an experienced investor or just starting, this episode offers invaluable insights that can change your life.

#Investing #RealEstate #FinancialAdvice

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In this episode, Brett Chotkevys is spilling the beans on the nitty-gritty numbers and strategies behind crafting assisted living mansions that rake in big bucks and provide top-notch care. Oftentimes mentors and teachers in the field do not share the exact numbers of costs and profits that go into their business deals, this frustrated Brett back when he was learning about real estate. So to help the listeners, Brett shared the numbers that he makes with running his Assisted Living Mansion.

Picture this: you're learning the ropes from someone who's been there, done that. They started skeptical, just like most of us, but then they cracked the code. They're showing you how to build not just care homes, but money-making care homes. We're talking $500,000 a year per mansion, and that's just the start. Brett shows all the expenses that go into running an Assisted Living Mansion, from payroll costs, to utilities costs, Brett shows all!

So, if you're ready to dive into the world of assisted living investing – where money meets meaning – hit that play button. And don't forget to check out their free training course to level up your investing game. 

#Investing #RealEstate #FinancialAdvice

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In today's episode, Brett Chotkevys discusses the biggest surprise he learned from working in assisted living. Rather than simply dissecting strategies to maximize profits, Brett invites us to explore a different facet of the assisted living industry—the privilege of serving. While many people typically get into this industry to make a lot of money, many will be surprised when they realize the compassion and empathy they will gain from working in assisted living. 

Brett shares his experience with remarkable residents and how this unexpected impact changed his life. Brett's insights underline the transformative power of compassion and encourage listeners to consider not only the financial gains but also the fulfilling impact they can make in the lives of others.

#Investing #RealEstate #AssistedLiving #FinancialAdvice

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In this captivating episode, Brett Chotkevys shares his transformative journey from business mogul to trailblazing the future of assisted living. He takes us on a deep dive into the intricacies of residential assisted living, breaking down the most common issues and redefining the landscape.  Exploring the intersection of real estate investing and senior housing, Brett unveils his breakthrough concept of Assisted Living Mansions. Seamlessly merging the benefits of large assisted living facilities with the personal touch of small-scale homes, he presents a trailblazing solution that defies the limitations of traditional setups.

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In Episode 06 of the Assisted Living Investing Podcast, we dive into the crucial question: "How many beds should you start with for your assisted living?" 🏨💡 Brett takes the helm to dissect the bed count conundrum, shedding light on why this single factor can make or break your profits in the senior care industry.

Join us as Brett candidly explores the pitfalls of both too-small and too-large assisted living facilities. Discover the harsh reality of undersized operations struggling to maintain quality care due to insufficient resources, and the woes of oversized models that lead to empty beds and stagnant profits.

With expert insights, Brett lays out his blueprint for the perfect bed count: 16 beds. 🛏️📈 Learn how this magic number strikes the balance between profitability and exceptional service, providing a winning formula to maximize your success and impact in the assisted living space.

Tune in now to unravel the bed count mystery and unlock the potential for a thriving and rewarding assisted living venture!

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

In Episode 5 of the Assisted Living Investing Show, Brett dives into the critical topic of zoning for an assisted living facility. He warns against using residential zoning, as it often limits the number of beds to a mere 6 or 8. Instead, Brett shares his powerful strategy to unlock unlimited potential for your Memory Care Mansion in any state or city across the country! 

Tune in as Brett reveals his expert insights on choosing the right zoning type, whether it's commercial, multi-family, mixed-use, or unincorporated zones. He shares the secret to engaging with city officials and the questions to ask when determining the ideal zoning for your business.

Don't miss out on this episode packed with strategies to find your dream property and exponentially grow your Assisted Living business. Join us as we break free from the 6 or 8 bed limit and create the path to success in the senior care industry!  #AssistedLivingInvesting #ZoningSecrets #MemoryCareMansion #UnlimitedOpportunities #SeniorCareSuccess

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

Welcome back to the Assisted Living Investing podcast with your host, Brett Chotkevys. In this episode, Brett tackles another prevalent myth in the assisted living industry, focusing on the challenges and limitations of investing in six or eight-bed residential assisted living (RAL) facilities. Drawing from his personal experience, Brett provides a realistic breakdown of the financial numbers involved and exposes the harsh realities of trying to generate substantial income and achieve passive investing in this niche. With a deep dive into expenses, staffing requirements, occupancy rates, and the absence of managerial support, Brett highlights the immense stress and lack of scalability associated with smaller RALs. He presents an alternative approach that he has successfully implemented, emphasizing the advantages of a luxury memory care mansion with 16 beds. Discover how this model allows for increased income, better expense-to-income ratios, and a more sustainable and rewarding investment strategy. If you're considering entering the assisted living space, whether as an owner-operator or a passive investor, tune in to gain valuable insights and make informed decisions. Subscribe to the podcast for future episodes, where Brett continues to share his expertise and shed light on the evolving landscape of assisted living investing.

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

Welcome back to the Assisted Living Investing podcast with your host, Brett Chotkevys. In this episode, Brett addresses a commonly heard myth in the industry regarding the passive nature of small assisted living facilities. He delves into the challenges and limitations of running a six-bed or eight-bed facility, highlighting the need for active involvement and debunking the idea of a hands-off investment. Drawing from his own experience, Brett shares insights on staffing, emergencies, and the crucial role of owner-operators in providing quality care. Discover how Brett has overcome these hurdles and established a more scalable and passive business model with a 16-bed luxury memory care mansion. Tune in to gain valuable knowledge and make informed decisions as you navigate the world of assisted living investing. Don't miss out on future episodes where Brett continues to share his expertise and behind-the-scenes insights into this thriving niche. Subscribe now and join us on this enlightening journey!

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

Join host Brett Chotkevys on the Assisted Living Investing show as he busts a prevalent myth in the world of residential assisted living. Many have been led to believe that any house in any neighborhood can be converted into an assisted living facility, promising passive income and financial freedom. However, Brett dives into the reality of this myth, shedding light on the numerous factors and deal killers that make it an impractical notion. From fire suppression requirements and ADA compliance to zoning regulations and health department standards, he explains why due diligence and a clear understanding of the challenges involved are crucial for success in the assisted living niche. Tune in to gain valuable insights and access Brett's free due diligence checklist on palm.university, empowering you to make informed decisions in your assisted living investing journey.

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay