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 model is no longer financially viable and why higher bed counts are necessary to turn a profit.

What strategies can you use to increase your income and offset rising costs? How does expanding to a 16-bed model maximize income and ensure quality care? Learn about the zoning and licensure changes needed to implement this model successfully. If you're looking for a sustainable and profitable approach in the assisted living space, this episode is packed with crucial insights and practical advice.

#Investing #RealEstate #AssistedLivingInvesting

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Check out some FREE Resources HERE: https://www.memorycaremansion.com

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

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 in the gaps? Learn how you can manage to keep your expenses low by hiring only non-medical personnel like managers, caregivers, and a chef. How do these roles compare to those in larger facilities, and why does this approach make financial sense?

Discover the innovative model that allows you to provide comprehensive care without the overhead of a large payroll. How do you bring in outside medical professionals and services without the cost burden? What impact does this have on the quality of care and the bottom line? If you're looking for a way to achieve financial freedom through assisted living, this episode is packed with insights and practical advice that you won't want to miss.

#Investing #RealEstate #AssistedLivingInvesting

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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

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 planning. Discover how to categorize and rotate meals to ensure variety and accommodate seasonal changes.

What if your chef is unavailable on certain days? Find out how to structure your menu so it remains consistent and high-quality, even on days when the chef is off. From easy-prep breakfasts to detailed dinner plans, see how you can maintain a restaurant-style environment with minimal food waste, ensuring that every meal is tailored to the preferences of your residents while staying within budget. Learn how you can create a month’s menu in just a few minutes. If you're new to this field or looking to improve your current operations, this episode is a must-watch!

#Investing #RealEstate #AssistedLivingInvesting

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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 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 your doors even open. We successfully created a waitlist and secured deposits before construction was complete. This episode is a must-listen for anyone looking to master marketing for Assisted Living. Discover how we achieved our success and how you can do the same.

If you want to learn more about marketing, we have a free marketing workshop coming up! This workshop will be on Zoom and will go over how to build a massive waitlist! Join with this link! https://www.memorycaremansion.com/fillingyourbeds-workshop

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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 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 easier.

How does having financially prepared customers impact your business? We’ll talk about why offering top-notch amenities like private rooms, chefs, and salons can justify higher prices and attract the right clientele. Why is location so important for attracting affluent clients? We'll share real-life examples from our experience building luxury memory care mansions to highlight how the right location and amenities can draw in the best customers.

How can offering high-quality amenities and choosing the right location make a difference? How does your clients' financial preparedness affect your business? Discover the answers to these questions and more in this episode. Subscribe for more tips on building and managing successful assisted living facilities!

#Investing #RealEstate #AssistedLivingInvesting

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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

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? What key qualities should you look for to ensure they can help you gain time freedom and run things smoothly? Learn all the ups and downs of hiring from big corporate backgrounds, and how to blend new hires into your business seamlessly. Learn how to tap into the knowledge and networks of experienced managers while keeping the unique vibe of your assisted living home.

Worried about potential pitfalls when hiring a manager? How do you make sure your new hire is motivated and invested in your business's success? Get practical tips on creating a fun and supportive work environment. Whether you’re new to the assisted living world or looking to improve your management game, this episode is packed with insights to help you succeed.

#Investing #RealEstate #AssistedLivingInvesting

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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, 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, permit processes, and overall business climates?

How do you choose the right state and city for your business? Is it just about finding favorable regulations and lower costs, or do you also need to love where you live? What local government policies and cost differences should you consider, and why can even business-friendly states have cities with significant bureaucratic hurdles?

These are the essential topics we tackle in today's episode. Thank you for joining us, and don't forget to share this episode with fellow entrepreneurs who dream big and are ready to make a life-changing deal.

#Investing #RealEstate #AssistedLivingInvesting

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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 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 create an effective social media strategy for your Assisted Living Business? Our strategy is what I call the AL3, which essentially means the three core values that make you different from everyone else. I'll share our approach, focusing on a consistent posting schedule that highlights our core values: life, love, and luxury. How do we train our managers to handle social media and keep those daily updates coming? And why does this make Platinum Resort stand out from the crowd, compared to the random and impersonal posts of bigger facilities? I'll show you how being genuine and consistent can make your home the top choice for families.

So, what makes an Assisted Living really unique, and how can you highlight these to attract more residents? I'll talk about how you can identify your unique selling points and develop a solid social media strategy. How can showcasing real-life interactions, activities, and luxurious amenities build trust with potential residents and their families? Watch this episode to learn how to create an awesome social media system and strategy!

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com

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