The Assisted Living Investing Podcast

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides aspiring entrepreneurs through the crucial elements of crafting a successful business plan for an assisted living business. Brandon emphasizes the importance of clarity, goal setting, and presenting a well-structured plan to potential investors and partners. He breaks down the four key sections of a business pl...

In this episode, Brandon Gustafson, an expert in launching assisted living businesses, discusses how to leverage private money to fund your assisted living business. He covers the basics of private money, differences from traditional loans, typical loan terms, and interest rates. Brandon also shares strategies for finding private money lenders through networking and online platforms. He emphasizes...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson walks beginners through the foundational steps needed to launch an assisted living business within the next year. Brandon emphasizes the significance of having a clear vision, crafting a detailed business plan, performing thorough underwriting and financial modeling, conducting extensive market research, and setting u...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares valuable insights into the top markets for assisted living in 2024. He introduces his market research guide, which is part of his business planning guide course, and provides a detailed overview of how to identify the best locations for starting an assisted living business. Brandon discusses the importance of v...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson introduces listeners to a five-phase approach to launching an assisted living business. The phases include building a business foundation, finding the right property, securing funding, obtaining necessary licenses, and running and scaling the business. Brandon emphasizes the importance of having a solid business plan,...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners on essential tools and apps for running an assisted living business effectively. Brandon offers insights into Electronic Health Records (EHR), payroll systems, meal planning solutions, grocery shopping options, bookkeeping software, and business credit cards. He also discus...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson helps beginners understand the crucial role of vision work in launching an assisted living business within a year. Brandon discusses the importance of creating long-term and short-term visions, breaking down goals into actionable steps, and maintaining accountability. He recommends the book 'The 12 Week Year' by Brian...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners on creating successful partnerships in the assisted living business. He emphasizes the importance of building a strong foundation, crafting a solid business plan, and identifying potential partners such as family, friends, real estate investors, and local business owners. He also outlines the ste...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses whether you should use a placement agency for your assisted living facility. He explains what placement agencies do and how they operate and draws parallels with the real estate industry. Brandon outlines the pros (such as getting more leads quickly and increased advertising) and cons (like high costs and th...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners on how to fill out an assisted living facility license application. Brandon emphasizes the importance of understanding the licensing process, which is state-specific, and shares insights based on his own experience of owning and operating two assisted living facilities. He...

In this episode, Brandon Gustafson guides beginners on how to create a lease agreement with an operator for an assisted living facility. He discusses the importance of a lease agreement, which outlines responsibilities and protections for both landlords and operators. Brandon advises viewers to consult an attorney to ensure compliance with state laws. He also highlights necessary lease components...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through the initial steps of launching an assisted living business, focusing on conducting effective market research. Brandon shares insights from his own experiences managing out-of-state facilities and emphasizes the importance of building a solid business plan. He introduces valuable resources, inc...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a detailed guide on creating an effective new hire file for staff at your assisted living business. He emphasizes the importance of this often-overlooked step in the business setup process, covering essential documents such as I-9 forms, tax forms, direct deposit forms, and emergency contact information. Bran...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides listeners on how to find the perfect property for an assisted living business. The discussion covers building a solid foundation, identifying criteria such as the number of beds and types of care, and conducting thorough market research. Brandon emphasizes the importance of choosing between purchasing an existi...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson explores the differences between big box assisted living facilities and residential assisted living homes. He discusses the clinical, larger-scale environment of big box facilities and their higher profit margins versus the more intimate, home-like atmosphere of residential homes. Brandon highlights considerations for...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson walks beginners through the process of building an assisted living facility from the ground up. He covers crucial steps, including finding the right property, understanding zoning requirements, working with architects, engineers, and contractors, and ensuring all necessary permits and licenses are in place. Brandon al...

In this episode, Brandon Gustafson guides beginners through the process of purchasing a single-family home and turning it into a residential assisted living facility. He discusses crucial steps such as purchasing the home, conducting market research, and developing a robust business plan. Brandon emphasizes the importance of zoning and fire department approvals before renovations, ensuring complia...

In this episode of the Assisted Living Investing Podcast, hosted by Brandon Gustafson, listeners learn about the crucial role of third-party service providers in enhancing the quality of care in assisted living facilities. Brandon explains various types of service providers, including healthcare professionals, personal care providers like beauticians and massage therapists, mental health workers,...

In this episode, Brandon Gustafson explores the pros and cons of purchasing an existing assisted living business versus converting a home into an assisted living facility. He emphasizes the importance of creating a business plan and provides valuable free resources such as an underwriting calculator and business plan checklist. Key considerations include operational readiness, costs, licensing pro...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses how to start an unlicensed care home. Brandon introduces the concept of unlicensed care homes and outlines the foundational steps needed, including business planning, property selection, and funding. He highlights the key differences between licensed and unlicensed facilities, especially regarding regulation...

In this episode, Brandon Gustafson addresses whether a home must be wheelchair accessible to qualify as an assisted living facility. He discusses the requirements and considerations for making a home wheelchair accessible, including door widths, ramps, grab bars, and bathroom fixtures. Brandon also compares buying an existing facility versus converting a home and emphasizes the importance of city...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses important leadership roles within the assisted living business. He provides insights into the roles of owner, operator, and administrator and offers tips on how these roles interact and overlap. Additionally, Brandon introduces other relevant titles, such as executive director and manager. He also outlines p...

Brandon Gustafson provides an introductory overview of Medicaid billing and coding for beginners launching their assisted living business. He explains the basics of Medicaid coding, emphasizing the need to understand state-specific reimbursement rates and the relatively simple process of billing Medicaid using a single code for assisted living services. Brandon also explores potential opportunitie...

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson offers a detailed look at the grant process, the specific purposes for which grants can be used, and the differences between for-profit and nonprofit considerations. He emphasizes the importance of aligning grant applications with the mission and goals of the grant providers. Brandon also provides valuable resources a...

Brandon Gustafson as he discusses whether you should pay your caregivers more for overnight shifts in your assisted living business. He compares the responsibilities of daytime staff versus nighttime staff, addressing common questions about caregiver compensation. Get insights into efficient staffing and pay strategies. 00:00 Introduction and Overview 00:41 Daytime vs. Nighttime Caregiver Responsi...