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Welcome to "Assisted Living Investing," the ultimate podcast dedicated to helping you thrive in the world of Assisted Living investments. Join your host, Brett Chotkevys, as he shares his expertise and insights into the lucrative realm of assisted living. In each episode, Brett delves deep into the strategies, challenges, and opportunities of investing in Memory Care Mansions. Whether you're a seasoned investor or new to the industry, this podcast offers invaluable guidance and practical adv ...
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Welcome to the Assisted Living Network, presented by RAL Academy, a podcast designed to help you discover how to successfully invest in the booming Residential Assisted Living market. If you're a real estate investor, you know how hard it is to find a profitable and fulfilling strategy in today's market. Methods of generating revenue that worked 10 years ago, don’t work today. Are you tired of low cash flow, high maintenance, and unhappy tenants? Do you wish you could make a difference in th ...
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There are (2) two special, and very lucrative business models that have presented themselves to average people with a passion for caring and a will to generate wealth. The first being Home Care - The 20 Billion Dollar industry opportunity right next door. The second opportunity is in Residential Assisted Living. The average in America today is $3,750 per month for a private room in assisted living. We will discuss how average Americans can take advantage of this growing opportunity.
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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…
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It can happen; and what do you do if it does in your care home? In today's episode, we'll be tackling the sensitive yet important topic of sexual relationships among seniors in residential assisted living homes. Tune in to discover our expert tips on handling sexual relationships in assisted living homes, including when to alert families and how to…
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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 …
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Many care home owners may be tempted to maximize their occupancy by offering shared bedrooms, but is this really the best approach? In today's episode, we'll be discussing a crucial aspect of senior living: privacy. While shared bedrooms may seem like a quick fix to increase revenue, there are several potential pitfalls for both residents and care …
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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…
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What is the best way to start a care home or enter the residential assisted living business? In today's episode, we'll be discussing the top four ways to get started in this rewarding field. Whether you're a seasoned real estate investor or new to the world of assisted living, understanding these options can help you make an informed decision and t…
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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 de…
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Do you need to be a doctor or nurse to open and operate a successful residential assisted living facility? In this episode, we'll examine the benefits of having a medical background in this field and provide insights for those without a healthcare-related education. So, whether you're a medical professional looking to start a care home or a passion…
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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 …
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What happens if a resident stops paying for their care? Do you have to kick them out onto the streets? When a senior moves into a residential assisted living home, it's typically not the resident themselves paying - they've assigned a Power of Attorney (POA) to handle their finances and care decisions. The POA, often an adult child, signs an agreem…
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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 …
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Are you prepared to afford the care you or your aging loved ones may need in the future? In this episode, we explore how to navigate the rising costs of senior care, especially for the 76 million baby boomers facing housing dilemmas. Listen in as we break down various payment options, from government programs like Medicare and Medicaid to personal …
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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, …
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Did you know that a staggering 70% of family businesses fail when passed to the next generation? For the millions of baby boomers grappling with housing and elder care concerns, this is a daunting reality. But what if there was a solution that could provide significant income, care for loved ones, and secure your legacy? In this episode, we'll dive…
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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…
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Have you considered working with hospice agents to connect with residents to fill your home? In today's episode, we'll be discussing hospice care and how it can benefit both seniors and assisted living homeowners. We'll explore what hospice is, where it can be provided, who pays for it, and how assisted living homeowners can build relationships wit…
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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 …
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Wondering how to fill your residential assisted living beds quickly - and keep them full? In this episode of the Assisted Living Network podcast, we're sharing top strategies for marketing your RAL home. With 76 million baby boomers facing housing dilemmas, opening a RAL home presents a tremendous opportunity... if you know how to get the word out.…
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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 asse…
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"Using your own money for investment is a lazy approach." That is the sentiment of famed author and businessman, Robert Kiyosaki. In this episode, we'll dive into the importance of using other people's money (OPM) to fund your assisted living ventures and why relying solely on your own resources can be a lazy approach. Listen as we discuss three ke…
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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…
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The housing dilemma facing the 76 million aging baby boomers is creating new opportunities in residential assisted living facilities. In this episode, we’ll discuss the pros and cons of having live-in caregivers to help inform the staffing decisions for your own assisted living home. We will explore various perspectives on managing this unique empl…
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​​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…
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Should assisted living homes allow seniors to bring their pets? In this episode of the Assisted Living Network podcast, we're exploring an interesting question. Pets can provide comfort and emotional support for older adults, but they also come with some practical challenges in a care home environment. We'll weigh the pros and cons so you can make …
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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 thes…
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The COVID-19 pandemic reshaped many industries, but one of the most profoundly impacted was senior and assisted living facilities. In this episode, we discuss the effects of the pandemic on big-box facilities versus smaller residential assisted living (RAL) homes and what that means for residents and investors today. As the virus spread rapidly thr…
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