In this episode, Brett Chotkevys breaks down the critical importance of choosing your ideal resident for your assisted living business. He explores how different levels of care—ranging from independent living to assisted living, end-of-life care, and memory care—can dramatically affect your business model. Brett explains how each type of resident has unique care needs, pricing structures, and staffing requirements, and how these factors directly influence your potential income and expenses. W...
In this episode of Assisted Living Investing, Brett discusses the investment potential of memory care and end-of-life services within the assisted living industry. Brett gets into why these sectors represent a stable and resilient opportunity, even in the face of economic downturns. As discretionary spending on non-essential services declines, the demand for essential, high-need care like memory care and end-of-life care remains consistent and compelling for investors.This episode offers an i...
Ready to invest in assisted living? In this step-by-step guide, Brett Chotkevys outlines 4 critical steps for starting your own Residential Assisted Living (RAL) facility. Learn how to research and choose the best properties using Zillow and LoopNet, understand local zoning and building regulations by working with city officials, and explore financing options with SBA and local lenders to fund your assisted living project. Brett also shares expert tips on how to attract investors and raise ca...
Welcome to Assisted Living Investing with host Brett Chotkevys! In this episode, learn how to boost profits in your assisted living business by making smart investments in furniture, design, and décor. Want to know how luxury upgrades can increase revenue and attract higher-paying residents? We’ve got the insights you need.Discover why cutting corners on furnishings can hurt your ROI and how investing in high-end, luxurious furniture can elevate your assisted living facility. Brett explains h...
Looking to make more money for your assisted living business using social media? Wondering how to boost occupancy rates and even build a waitlist without adding extra overhead costs? In this episode, we break down the exact strategies that have helped us increase profit and gain time freedom through a simple, consistent social media posting system. You'll learn how showing up daily on your business’s social media can lead to more tours, higher occupancy, and ultimately, higher revenue without...
What’s up, Mansion Builders! In today’s episode of Assisted Living Investing, I want to get into a major trap that many entrepreneurs fall into—becoming a hostage to their business. When we first opened our assisted living, I found myself trapped in the day-to-day operations, sacrificing my time freedom. But here’s the deal: making great money on paper doesn’t mean you’re truly free if you’re stuck working in the business instead of on it.Have you ever felt like you can’t let go of a bad hire...
Hey, Mansion Builders! In this episode, I’m getting into the number one thing you absolutely need to do before opening your assisted living. So, what’s the first step to ensure you hit the ground running and even hit profitability in your first month? Well, we’re about four months out from completing our neighborhood of mansions, and I’m going to give you a behind-the-scenes look at what we’ve been doing to get ready.Ever wonder how to sell out all your beds before you even get your license? ...
I'm sharing a big shift in my real estate journey—why I'm selling off all my single-family rentals. Have you ever wondered if there’s a better way to achieve financial freedom faster? In this video, I’ll walk you through why I'm moving away from single-family homes and diving headfirst into a new, more scalable asset class: luxury assisted living.Why would someone who built financial freedom through rentals suddenly sell them all? What’s the real difference between managing a portfolio of ren...
Are you tired of seeing your business dreams dying out before they even take off? Ever wonder why your last big idea or attempt at financial freedom didn't pan out the way you hoped? In this episode, I get into the emotional cycle of change—a pattern that many entrepreneurs face but few overcome. What happens when that initial excitement turns into doubt and despair? Why do so many people quit just when they’re on the brink of success?Join me as I explore why most real estate ventures and bus...
How do I work 4 hours a week through investing? How do you transition from working 40 hours a week to just four? In this video, we explore the steps to reach ultimate time freedom through efficient business management. Discover how you can build a system that allows you to focus on your family, travel the world, and still maintain a profitable business.What does it take to get from 40 hours a week down to a four-hour workweek? We break down the essential steps: developing a solid product, est...
Are you wondering how to achieve financial freedom through real estate investing? What are the best strategies for entering the assisted living industry? In this video, I break down the methods and steps you need to take to reach your financial goals. Should you start small with a six-bed residential assisted living (RAL), or aim for a larger, more profitable commercial-style mansion? We discuss the pros and cons of each approach, helping you decide which path is right for you.How much does i...
Why is the Residential Assisted Living (RAL) model struggling? How has inflation impacted the profitability of small home conversions? In this episode of Assisted Living Investing, I explain why the RAL model is dead and how you can adapt to these changes.I discuss the challenges faced by the RAL industry post-COVID. Why have staffing costs increased so dramatically? How has inflation affected expenses like food, utilities, and insurance? Discover why the traditional small home conversion mod...
Have you ever wondered how you can run a successful assisted living business with just a few people on your payroll? How can you possibly offer all the amenities and services of a big facility with such a lean team? In this episode of Assisted Living Investing, I reveal the secret to maximizing profits while maintaining top-notch care for residents.Join me as I get into the specifics of my staffing strategy. What roles do you actually pay for, and how do you leverage outside services to fill ...
Are you struggling with creating a diverse and appealing menu for your assisted living? Do you find it challenging to keep your residents happy with their food options? In this episode of Assisted Living Investing, I get into a comprehensive system for crafting an effective chef menu that caters to the unique preferences and needs of your residents.How do you create a menu that satisfies everyone, even the pickiest eaters? Learn about a plug-and-play template system designed to simplify menu ...
In this episode of Assisted Living Investing, I discuss the best strategies for marketing your Assisted Living business. When should you start marketing to ensure profitability from the beginning? We answer this crucial question, helping you understand the optimal timing. Is it ever too early or too late to start? Tune in to hear why starting your marketing efforts early can be so beneficial.What are the advantages of early marketing? One key benefit is the ability to build a waitlist before ...
In today's episode of Assisted Living Investing, I tackle some key questions you might have about running a successful Assisted Living. Why should you want affluent customers? I talk about how charging premium prices for your memory care mansion can make your operations smoother and reduce drama. What's the difference between running low-income and high-income care homes? We'll explore how affluent customers bring less drama, fewer lawsuits, and more reasonable expectations, making your job e...
Trying to hire your first manager for your assisted living business and feeling lost? Wondering how to find someone who fits your culture and can handle the industry’s challenges? In this episode of Assisted Living Investing, we share our real-life experiences and tips on hiring that perfect manager. From the pros of experienced professionals to dealing with cultural fits, we've got your questions covered.Curious about the best way to search for and evaluate potential managers in your area? W...
In today's episode, we're addressing key considerations for anyone thinking about moving across the country to pursue real estate deals, especially in building memory care mansions.What challenges and opportunities come with relocating for a real estate deal? How did we navigate leaving California's high costs and stringent regulations for a more business-friendly environment in Texas? What steps should you take to research potential states and cities, considering government regulations, perm...
In this episode of Assisted Living Investing, I'm breaking down a super important part of our marketing. How do we fill our beds and keep a steady income for our Memory Care Mansion? A huge component of that is how we use social media. You'll see how this transparency helps us maintain a massive waitlist and ensure quick occupancy turnover. Why is producing quality content so crucial in this niche? Let's get into it by talking about our system, the AL3!Have you ever thought about how to creat...
In this episode of Assisted Living Investing, we're answering the big question: How do you find the right piece of land for your assisted living project? We'll explore the best strategies for purchasing different types of land that you can build your Assisted Living on . If you're wondering how to pick the perfect spot to build your dream project, this episode is for you.Curious about what to look for in a piece of land? How do you evaluate the size, shape, and usable space? What are impervio...