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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