In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive overview of unlicensed care homes, explaining their differences from licensed assisted living facilities, the risks involved, legal considerations, and operational limitations.

00:00:00 - Introduction

00:00:17 - Topic Introduction: Risks of Unlicensed Care Homes

00:01:32 - Medicaid & Unlicensed Care Homes

00:02:17 - Legal Disclaimer

00:03:04 - Defining Unlicensed Care Homes

00:04:23 - Setting & Capacity

00:04:53 - What You Cannot Do in Unlicensed Care Homes

00:06:15 - Medicaid Population & Licensing

00:06:54 - What Care Can Be Provided

00:08:00 - Legal Structure & Protection

00:10:05 - Insurance & Policies

00:11:30 - Five-Phase Business Process

00:12:20 - Common Pitfalls & How to Avoid Them

00:14:12 - Financial Considerations & Profitability

00:18:13 - Final Thoughts

Resources Mentioned:

Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.

Get your free business plan checklist today: https://urlgeni.us/alibpc

Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics

Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind

Apply for the Mastermind today: alimastermind.com/application

Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics

Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM

Get the 12 Week Year Book: https://amzn.to/4bAOpQf

Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5

Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink

Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg

FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590

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