Assisted Living Investing

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...

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 ab...

Ever wondered what it really takes to manage a successful Assisted Living Business? Feeling nervous about starting your own life-changing deal? In this episode of Assisted Living Investing, I’m chatting with my wife and business partner, Laura, about just that. We talk about overcoming initial fears, the importance of mindset, and how to handle the biggest challenges. Curious about balancing real...

In this episode of Assisted Living Investing, I talk about investors for your Assisted Living business. I break down the two types of investors, how to approach them, and the best ways to impress them. The first question I answer is: what are the two types of people that can be potential investors? Depending on what kind of person they are, how do I approach them and let them know about my Assiste...

In this episode of Assisted Living Investing, I discuss New Construction vs. Buying an Existing Home. When starting an assisted living facility, which option is better? I have had success with both, and each comes with its unique pros and cons. When comparing New Construction Assisted Living to Remodeling an Existing Home, I use six metrics to assess which one is superior. These metrics are time,...

In this episode, I discuss choosing the location for your Assisted Living. Whether you're operating a Residential Assisted Living (RAL) or a larger facility, one of the most crucial aspects of a successful Assisted Living is its location. It's essential to see if there's a viable market for your Assisted Living in the desired area before proceeding with construction. However, I ofte...

​​In this episode of Assisted Living Investing, I talk about the team you should assemble in order to make your Assisted Living business possible. I’ve heard multiple people in this industry say they don’t want a partner because they want to own 100% of the business. I’m here to tell you that train of thought is flawed. Having a team makes pursuing larger deals possible, and I will always encourag...

In this episode, we break down what makes an Assisted Living business successful. This allows me to pay more than the industry standard to my caregivers, make $40,000 a month, and only work a few hours a week. This is because of my Three P’s. In this episode, I talk about the Product, Process, and People that go into an Assisted Living and how these three things have helped me create the best Assi...

In this episode, I break down converting your home into an Assisted Living. This is something I’m sure we’ve all heard about before, people converting their garage into a bedroom and having a 6-bed Residential Assisted Living. However, I don’t think the small RAL really works anymore. You can’t have a ton of profit running a small RAL, you will be a slave to your business. That is why I prefer a l...

In this episode of Assisted Living Investing, I talk about securing a substantial loan for my Assisted Living Memory Care Mansion. Raising capital is something I am both very experienced in and passionate about. I break down the largest loan he has ever taken, which required me to sign 1,800 page loan docs! I discussed the three loans he acquired for his Memory Care Mansion Neighborhood and how ea...

In this episode, Brett talks about his new construction for his Assisted Living Memory Care Mansion Neighborhood! Brett always says the best way to learn is through mistakes. That is no different here. After Brett put tens of thousands of dollars and months of work into it, his builder sold the project at the last minute to another builder with no experience in Assisted Living. This added a lot of...

In this special episode of Assisted Living Investing, Brett Chotkevys is joined by John Darby who is the Executive Director of TORCH. Together they interview the Associate Commissioner of Long Term Care Regulatory, Michelle Dionne-Vahalik. Essentially, Michelle runs the show here for Texas Licensure. Brett and John interviewed Michelle so they could know more about the process behind Licensure. Ev...

In this episode, Brett Chotkevys talks about training your managers for your Assisted Living. As he’s talked about in previous episodes, his managers are one of the most important components of his business model. By having a two-manager system, Brett ensures that he never has to deal with the day-to-day work in his Memory Care Mansion. In fact, Brett and Laura only have to work about 4 hours a we...

In this episode of Assisted Living Investing, Brett Chotkevys brings his wife, Laura, onto the show! Laura handles a lot of the operations at their Memory Care Mansion. Because of that, Brett thought it would be beneficial to have her on the show to talk about a very tough issue when running an assisted living. The issue is when you have to kick out a resident. Kicking out a resident can be rough....

In this episode, Brett Chotkevys talks about hiring the perfect chef for your Assisted Living. A chef is an extremely vital part of any Assisted Living community. When you hear about the next big-boxed facilities, one of the most common complaints is how bad the food is. That is the pain point that Brett wanted to solve. As Brett always says, the bigger the problem you can solve, the bigger the re...

This episode comes from one of our Free Virtual Assisted Living Workshops that we host every month. In this episode, Brett talks about marketing, more specifically, how to get infinite leads for your Assisted Living without spending a dollar on marketing. This is a custom marketing strategy that Brett and Laura created when they learned how bad marketing is in the Assisted Living industry. The cor...

In this episode, Brett Chotkevys discusses the essential aspects of entity structuring within the assisted living sector. Join us as we explore the world of entity structuring, where Brett simplifies complex concepts to help you understand why it's crucial to separate real estate holdings from day-to-day operations. Discover practical advice on choosing the right structure to fit your unique...

In this episode, Brett talks about how much you should pay your managers for your Assisted Living. Brett operates his Memory Care Mansion with the Two Manager System. This ensures that he never has to come into his Assisted Living to cover for someone because he knows that he’ll always have a manager there. This system is only possible with his 16-bed Memory Care Mansion because if you operate a s...

In this video, Brett talks about your Assisted Living Appraisal. Brett opened his Assisted Living not using his money, but a combination of investors and loans from banks to open his Memory Care Mansion. This was only possible because he had a great appraisal that valued his Assisted Living at over 50% of what it cost to build. This appraisal did well not just because his product was great, but al...

In this episode, Brett Chotkevys talks about getting a loan for your Assisted Living. The bank is a powerful tool to fund your Assisted Living if you don’t have a ton of capital laying around in your bank account. However, it can be confusing when choosing what kind of loan you should get. Brett breaks down the difference between SBA loans and bank financing. He explains which one might be for you...

In this episode, Brett Chotkevys talks about how much money you need to start your own Assisted Living. Brett has often found that most of the time, people think that the price of starting an Assisted Living is the biggest barrier to entry. However, Brett completely disagrees with this idea. He was able to open up his own Assisted Living without using any of his own money. So the question is, if y...

In this episode, Brett Chotkevys talks about the risks that could happen when owning and operating an Assisted Living. Many people seem to have some anxieties when it comes to investing in Assisted Living due to the potential risks and liabilities that they may have to deal with. However, Brett is here to tell you that many of those worries are a misconception. One of the largest contributors to t...

In this episode, Brett Chotkevys talks about how profitable owning an Assisted Living can be. Brett’s home is a Luxury 16-bed Memory Care Mansion. This business model has created a life of financial freedom for him and his family. Oftentimes, however, when people talk to Brett about starting their own Assisted Living business, they say that a 16-bed seems a little intimidating and wouldn’t it be e...

In this episode, Brett Chotkevys has a special guest. He interviews his wife and business partner, Laura Chotkevys. Laura handles a lot more of the operational side of things when it comes to running their Assisted Living Memory Care Mansion. Because of this, Laura has a lot of experience in hiring and finding the perfect staff for their Assisted Living. Laura talks a lot about what makes the perf...

In this episode, Brett talks about getting your first huge loan. Getting a million dollar loan may seem really intimidating, However, Brett talks about why it is actually a lot easier than you think. The first step you need to do is to take a look at your team. Who are your partners? Are you starting this business with your spouse? Are you doing this by yourself? This is the first step because the...