Shows
Assisted Living InvestingFrom 80-Hour Weeks to 6: How We Built a $500K/Year Assisted Living Business That Runs Without Us | Ep 112What if you could build a business that generates over $500K a year while only working six hours a week? In this episode of Assisted Living Investing with Brett Chotkevys, Brett and Laura share how they transformed their assisted living business from long, exhausting days during COVID into a streamlined, profitable empire that runs on systems instead of stress.You’ll hear the mindset shifts that made the biggest difference, why your first deal should be your best deal, and how to set a standard of excellence that your team will rise to. Whether you’re an inves...
2025-09-0535 minAssisted Living InvestingThis One Mindset Shift Took Me from Burnout to Building 7-Figure Businesses | Ep 105Most people think you need grit, money, or 80-hour weeks to succeed in real estate. Brett Chotkevys thought the same—until one mindset shift changed everything.In this episode, Brett breaks down how he went from burnout to building 7-figure assisted living businesses using proven systems, structure, and mentorship. Whether you’re just getting started or stuck scaling, this episode is packed with real-life tactics you can apply today.🎯 You’ll Learn:The #1 belief keeping you stuck in the grindWhy “working harder” is a trap—and what actually worksHow copy-paste...
2025-07-1110 minAssisted Living InvestingThe $100K Trap: Why 15 or 24 Beds Kill Profit—and 16 Sets You Free | Ep 102In this episode of Assisted Living Investing with Brett Chotkevys, we expose the costly truth behind choosing the wrong size for your assisted living facility.Brett breaks down why building 15 or 24 beds could be bleeding your bottom line—and how the 16-bed model unlocks maximum profit, optimal staffing ratios, and long-term owner freedom.Learn how to sidestep outdated facility designs, avoid common investor pitfalls, and follow the proven blueprint for assisted living success.
2025-06-1913 minAssisted Living InvestingHow Brett Acquired an Assisted Living Facility with $0 Bank Financing: The Creative Capital Playbook - Ep 99In this episode, Brett shares how he secured an assisted living facility with zero bank financing by leveraging creative deal structures and seller financing. This deep dive into his Creative Capital Playbook breaks down the real steps, conversations, and strategies he used to acquire a high-cash-flow business without traditional capital or loans. Whether you’re an aspiring investor, operator, or entrepreneur looking to build wealth without bank dependency, Brett’s blueprint is your game-changer. #CreativeFinancing #AssistedLiving #SellerFinancing #WealthBuilding #PassiveIncome #RealEstatePodcast #HealthcareRealEstate #Entrepreneurship #CashFlow #FinancialFreedom #NoMoneyDown #BrettBreaksItDownFollow me:Facebook: https://www.facebook.com/brett...
2025-05-2315 min
Assisted Living InvestingWhy Flipping Is Fading — The Hidden Goldmine Smart Investors Are Rushing Into - Ep 95If you’re still grinding it out with house flips, wholesaling, or chasing multifamily deals in 2025… it might be time to pivot. In this episode, Brett Chotkevys shares how he went from flipping hundreds of homes to building wealth through luxury assisted living real estate. With baby boomers retiring at historic rates, the senior housing market is exploding — and savvy investors are cashing in. Brett reveals how these high-end, 10,000+ sq ft residential care homes are generating predictable income, high margins, and long-term equity, while also creating a real impact in the community. Forget six beds and headaches — this model is built...
2025-04-2522 min
Assisted Living InvestingHow I Bought 7.6 Acres Dirt Cheap & Turned It Into a Luxury Assisted Living Mansion - Ep 94In this episode, I reveal how I bought 7.6 acres of land for a fraction of the price and turned it into a high-end assisted living mansion that’s not only beautiful but built to generate real income. If you’ve ever thought about breaking into the assisted living industry, investing in senior care real estate, or just wanted to know how to acquire land below market value, this episode is packed with value. I walk you through how I found the property, overcame zoning and utility challenges, and scaled it into a pr...
2025-04-1818 min
Assisted Living InvestingWhat Makes Senior Housing One of the Most Recession-Resilient Investments - Ep 93In this episode, we dive into the impact of economic downturns on different types of senior housing investments. With market volatility on the rise, understanding how to position your real estate portfolio is more important than ever.We break down the key differences between independent living, assisted living, and memory care—and explore which models are most resilient during a recession. You'll hear real-world examples from our own experience in the assisted living space, including why end-of-life care remains one of the strongest needs-based investment categories, even during economic uncertainty.Whether you're an active investor, in...
2025-04-1122 min
Assisted Living InvestingAssisted Living Investing in Middle America: Earn $30K+ Per Month! - Ep 92Think assisted living is only profitable in big cities? Think again! In this episode, Brett Chotkevys reveals how you can generate over $30,000 per month by investing in assisted living mansions in Middle America. 🏡💰 Learn the real numbers, startup costs, and strategies to build a thriving senior care business in smaller markets—without breaking the bank. Brett shares why this model works, how to manage expenses, and the key factors that make it a cash-flowing machine!👉 Is assisted living investing your next big opportunity? Tune in now to find out! 🎧 Follow & Subscribe for More Expert Insights! 📩 Connect w...
2025-04-0412 min
Assisted Living InvestingSTOP Wasting Time on Pennies! Focus on Making MILLIONS! (Entrepreneur Must Watch) - Ep 91Are you stuck trying to save a few bucks when you should be focusing on making BIG MONEY? In this video, I share a CRUCIAL business lesson I had to relearn—stop sweating the small expenses and start thinking in DECIMAL PLACES. If you’re an entrepreneur, CEO, or business owner, this mindset shift is a GAME-CHANGER! At Platinum Resort Assisted Living, I got caught up in a $600 invoice dispute instead of focusing on scaling to $600,000+. The lesson? Think BIGGER, act FASTER, and GROW your business. You can 10x your revenue if you shift y...
2025-03-2809 min
Assisted Living InvestingDoctors & Nurses: This Side Hustle Could Replace Your Salary—And No One’s Talking About It! - Ep 90Are you a healthcare professional looking for a flexible, high-paying side hustle that fits your busy schedule? Thousands of doctors, nurses, and medical professionals are cashing in on this game-changing opportunity—without quitting their day job! No extra certifications neededWork on your own termsMassive earning potentialDon’t miss out on this underrated income stream that could bring financial freedom faster than you think! #SideHustle #Doctors #Nurses #MedicalSideHustle #PassiveIncome #HealthcareWorkers #ExtraIncome #WorkFromAnywhere #FinancialFreedom #MakeMoneyOnline #Entrepreneur #MoneyMoves #NurseLife #DoctorLife #WealthBuilding #HustleSmartFollow me:Fa...
2025-03-2113 min
Assisted Living InvestingThis Will Change Senior Living FOREVER… (Why Big Facilities Are Failing!) - Ep 89Senior housing is in trouble. Inflation, tariffs, and rising construction costs are making large-scale assisted living projects nearly impossible. But there’s a hidden opportunity in smaller 16-bed facilities. In this episode, Brett Chotkevys breaks down why the old model is failing and how YOU can capitalize on the biggest shift in senior living history. Don’t miss out on this game-changing insight!#AssistedLiving #SeniorHousing #Investing #RealEstate #Tariffs #Inflation #MarketTrends #WealthBuilding #NursingHomes #Entrepreneur #FinancialFreedomFollow me:Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@Brettchotkevys1Check out some FREE...
2025-03-1509 min
Assisted Living InvestingHow I Make $40K/Month with Assisted Living! (BIG Mistakes to Avoid) 🔥 - Ep 88Are you thinking about getting into the assisted living game? With baby boomers aging fast and beds charging $8,000–$10,000 per month, the opportunity is HUGE! But is it really that easy? 🤔I converted a 1974 ranch house into a 15-room assisted living facility and now net $40,000 per month—but I made some BIG mistakes along the way. 😱💡 In this video, I break down:✅ The #1 zoning obstacle that could kill your deal 🚫✅ Why most people FAIL at home conversions 😵✅ How to find non-zoned areas for BIG profits 📍✅ The ADA compliance trap that can cost you thousands 💸Don't...
2025-03-0711 min
Assisted Living InvestingHow to Make $50K/Month in Assisted Living | 4 Proven Ways to Increase Profits - Ep 87Want to make $30,000 - $50,000 per month in assisted living investing? In this episode of Assisted Living Investing, Brett Chotkevys reveals 4 powerful ways to maximize your income and scale your residential assisted living (RAL) business. What You’ll Learn: How to increase service levels and charge premium rates Why upgrading your facility and amenities can double your revenue The importance of choosing the right location for high-end clients How to leverage outside medical services to boost profits Whether you’re running a home conversion or building new construction, these exper...
2025-02-2811 min
Assisted Living InvestingWhy 6-Bed Assisted Living Homes Don't Work Anymore - 86Many aspiring investors think a six-bed residential assisted living home is the perfect entry point into the industry. But is it really profitable? In this episode of Assisted Living Investing with Brett Chotkevys, we break down why small-scale facilities are no longer a viable business model. From skyrocketing labor costs to insurance hikes and inflation-driven expenses, the math simply doesn’t add up. Tune in as Brett exposes the hard truths behind the six-bed model and why bigger is now the better investment strategy.#AssistedLiving #SeniorCare #Investing #RealEstateInvesting #BusinessStrategy #HealthcareIndustry #AssistedLivingInvesting #ElderCare #PassiveIncome #FinancialFreedomFollow me...
2025-02-2110 min
Assisted Living InvestingGAME-CHANGER! Hiring Your First Assisted Living Manager? WATCH THIS! - Ep 85Hiring your first manager for your assisted living home? This is a HUGE step that can make or break your business! In this episode, Brett spills the secrets on how to find the RIGHT person, avoid costly mistakes, and set your facility up for success.💡 What skills matter most?⚠️ Red flags to watch for!✅ Must-know hiring hacks!Don’t wing this—get the inside scoop NOW! 👇💬 Got questions? Drop them in the comments!#AssistedLivingSuccess #SeniorCareExperts #EntrepreneurLife #H...
2025-02-1416 min
Assisted Living InvestingMy Path to an 8-Figure Net Worth in Assisted Living | How I Built a Multi-Million Dollar Business. - Ep 84Ever wondered how to build an 8-figure net worth in assisted living? In this video, I share my personal journey—from mobile home investing to flipping, rentals, and ultimately, developing high-end Assisted Living Mansions.🏡 How I scaled from a single property to a $30M+ real estate empire📈 The business model that generates over $1M+ in annual cash flow🔑 Why assisted living is a recession-proof, high-margin industry💡 Lessons learned from failures, pivots, and major breakthroughsIf you're looking for an investment opportunity that creates both financial freedom and a meaningful impact, this i...
2025-02-0712 min
Assisted Living InvestingMastering the Assisted Living Tour: How to Close More Move-Ins - Ep 83A structured, repeatable tour process is the key to filling beds and training your team to consistently convert prospects into residents. This proven method has helped us maintain a 50+ person waitlist and ensure every tour leads to meaningful conversations and higher close rates.What You’ll Learn in This Episode:The Repeatable Tour Structure: A step-by-step system to ensure every tour is consistent and effective.Understanding Family Expectations: Families expect a simple walkthrough, but your goal is to uncover their pain points and position your facility as the solution.Creating Emotional Co...
2025-01-3125 min
Assisted Living InvestingThe Ultimate Formula for Maximum Profit: Secrets to Skyrocketing Your Business Revenue! - Ep 82Are you ready to unlock the ultimate formula to maximize your profits and skyrocket your business revenue? 🚀 In this game-changing video, we reveal the secrets to achieving exponential growth in your business by leveraging proven strategies for success. Whether you're a small business owner, entrepreneur, or seasoned professional, these tips will help you crush your goals and take your revenue to the next level! 💸💡 What You’ll Learn:✅ The key steps to boost revenue fast✅ Insider tips for optimizing your profit margins✅ Actionable strategies to scale your businessDon’t miss out on these proven tec...
2025-01-2413 min
Assisted Living InvestingThe Real Price of Financial Freedom: Sacrifices, Hardships, and Success Stories - Ep 81Unlock the secrets to achieving financial freedom with real-life experiences and actionable insights! 💰 In this episode, we dive deep into the sacrifices and hard decisions required to reach your financial goals. From mastering the rental property game to building a thriving assisted living business, we share the untold struggles and lessons learned along the way.Discover how we transitioned from working tirelessly to creating passive income streams, achieving over $40,000 monthly from our ventures. We talk about leaving comfort zones, moving across the country, and overcoming challenges like COVID-19, staffing shortages, and more.If you're ready to...
2025-01-1711 min
Assisted Living InvestingFrom Family Care to $40K/Month: The Truth About Assisted Living Investing - Ep 80Discover how turning personal family care into a business can generate incredible profits while making a real difference. Learn why assisted living mansions are the future of senior care, offering a chance to create a $40,000/month income while saving families from corporate-run facilities. Hear our story of passion, purpose, and profit, and why this could be your opportunity to thrive in a heart-driven business. 🚀🏡👉 Topics Covered:Why assisted living is a game-changer for families and investorsHow we turned our passion for care into a thriving businessTips for breaking into the luxur...
2025-01-1008 min
Assisted Living InvestingHow to Be a Millionaire in 2025 with Assisted Living Mansions | Brett Chotkevys’ Strategy - Ep 79Unlock the secrets to achieving millionaire status in 2025 through the lucrative world of assisted living mansions. Brett Chotkevys, owner of Platinum Resort Assisted Living and a successful real estate developer, shares his journey from flipping houses to creating life-changing wealth in the assisted living industry.In this video, Brett breaks down:Why traditional real estate investing didn’t work for him.The game-changing assisted living mansion model.A step-by-step guide to earning $500K+ annually while building multi-million dollar equity.Real numbers, operational insights, and the secrets to partnering for success.Whether yo...
2025-01-0317 min
Assisted Living InvestingHow to Lose $1M+ in Assisted Living: Avoid These Costly Deal Structure Mistakes - Ep 78In this episode of Assisted Living Investing with Brett Chotkevys, we uncover one of the biggest pitfalls in the assisted living industry: unnecessary deal structures and partnerships that can cost you over $1 million. 🚨 From splitting cash flow improperly to losing equity during an exit, we discuss how seemingly small decisions can have massive financial consequences.Brett shares insights on the three key types of partners you might need for a successful assisted living project—real estate, operations, and money partners—and why many deals fall apart due to poor partner selection or misaligned contributions.Learn the imp...
2024-12-2714 min
Assisted Living InvestingHow to Leverage Investor Partners for Big Real Estate Deals - Ep 77Want to take on big deals but struggling to get funding? In this video, Brett Chotkevys explains how to leverage balance sheet partners to secure funding for real estate investments and scale your business. From finding the right investor to structuring deals for success, Brett shares his personal journey and insights. Don’t miss this guide to achieving financial freedom!🔑 Topics Covered:What is a balance sheet partner?When to bring on an investor partnerStructuring deals to grow your businessBrett’s personal experiences with flips, rentals, and assisted living🎯 S...
2024-12-2014 min
Assisted Living InvestingCreating Activity Systems for Assisted Living: Guidelines & Practical Tips - Ep 76Creating engaging and meaningful activities for assisted living facilities is both an art and a science, especially when tailored to unique settings like assisted living mansions. In this insightful video, Brett from Platinum Resort dives deep into the process of designing activities and systems that enhance the lives of senior residents.Explore a step-by-step guide to crafting structured schedules that focus on compliance, budgeting, and personalization. Brett shares his wealth of experience in the assisted living industry in Texas, offering actionable advice for caregivers, facility managers, and family members.Learn how to address the cognitive...
2024-12-1331 min
Assisted Living InvestingPromoting Managers in Assisted Living | How to Build a Leadership Team in Healthcare - Ep 75Are you wondering how to promote your managers or hire the right team for your assisted living operations? In this episode, Brett Chotkevys dives deep into the key considerations for selecting and promoting managers in the assisted living and healthcare industry. Whether you're preparing to promote from within or hire externally, this video highlights the importance of upholding and enforcing high standards in your business.Brett shares insights on what qualities to look for in potential managers, why the standard they uphold is more important than just experience, and how leadership impacts every aspect of your assisted...
2024-12-0614 min
Assisted Living InvestingRaising Money for Assisted Living | Why Syndication Isn’t the Best Option - Ep 74In this video, Brett Chotkevys explains why syndication, often used in real estate investing, is not a good fit for assisted living. Assisted living is more than just real estate—it’s an active business that requires strong leadership and hands-on involvement to succeed. While syndication can work for passive investment opportunities like apartment buildings, it doesn’t align with the operational demands of assisted living and often creates unnecessary challenges.Brett discusses the key differences between raising money for assisted living and traditional real estate investing. He outlines how syndication can dilute equity and lead to ineffi...
2024-11-2914 min
Assisted Living InvestingMarketing Your Assisted Living Mansion: How to Attract Investors with Heart and Vision - Ep 73In this episode, Brett explores two essential types of marketing for building your assisted living mansion: marketing for investors and establishing a strong personal brand. He highlights the importance of starting your marketing efforts from day one, even before construction begins, to set the stage for success. By sharing your personal story, experiences, and vision for creating better care and luxury memory care facilities, you can inspire trust and build meaningful connections. Brett explains how this approach not only establishes your brand but also helps communicate your mission in a way that resonates with others.Additionally, Brett...
2024-11-2225 min
Assisted Living InvestingEssential Steps to Get Investors for Your Assisted Living Facility | Preparing for Assisted Living Construction Success - Ep 72Are you struggling to get investors to commit to your assisted living project? Brett Chotkevys shares a powerful approach that can make all the difference: reaching a shovel-ready state through a takedown loan. In this video, Brett walks through how this strategy works step-by-step, from securing a short-term loan to finalizing plans, permits, and appraisals. Each component plays a key role in reducing investor risk, building confidence, and maximizing your control and equity in the deal.With the takedown loan strategy, you can secure the property first, allowing time to finalize essential steps without waiting for an...
2024-11-1509 min
Assisted Living InvestingTop Strategies for Raising Money for Your Assisted Living | Step-by-Step Guide to Getting Investors - Ep 71In this episode, we’re sharing how to raise money and how to work with investors for your assisted living facility project. Brett walks through six essential steps to help you overcome common bottlenecks when seeking funding for new assisted living builds.We start by covering the key tools you need to succeed: a strong business plan, detailed financial projections, architectural plans, and renderings that clearly communicate your vision. Next, we discuss effective deal structures, ensuring that investor returns match the level of commitment. Brett also explains how to set manageable capital requirements and why quality leads ma...
2024-11-0818 min
Assisted Living InvestingTop 4 Insights from Our Georgetown Mansion Build Event | Luxury Assisted Living & Investment Opportunities - Ep 70Join us for a recap of the four biggest insights from our First Annual "Mansion Builder Live" event in Georgetown, Texas! Together with 50 partners, we explored luxury assisted living construction, connected with our SBA lenders from Live Oak Bank, delved into financing structures, and discussed the significance of cash flow versus collateral-based lending. Our unique partnership approach supports partners from different professional backgrounds, empowering them to participate in this high-impact venture without real estate or healthcare experience. We also celebrated the strong sense of community among our partners and shared inspiring stories of dedication to family, financial freedom, and...
2024-11-0110 min
Assisted Living InvestingRaising Money for Assisted Living | SBA Loan Strategies Explained - Ep 69In this episode, Brett Chotkevys sits down with Shep Harris, SVP of Live Oak Bank, to explore how to effectively use an SBA loan for building new construction assisted living facilities. They discuss the critical aspects of securing SBA funding and understanding the various factors that impact SBA payments and interest rates. Shep shares insights into what lenders look for in an ideal borrower, including financial strength, relevant experience, and a local presence for first-time projects. Brett emphasizes the importance of building a strong, well-rounded team consisting of a business or real estate expert, a medical professional, and a...
2024-10-2536 min
Assisted Living InvestingHow to Increase Your Assisted Living Profits | Finding High Paying Residents - Ep 68In this episode, we explore strategies for increasing your monthly net profit in Assisted Living by targeting affluent customers. Brett Chotkevys highlights the importance of positioning your business in areas where customers can afford high-end care for assisted living and memory care services. Location is a crucial factor, and Brett explains why moving your business to areas with wealthier residents can significantly boost your profits.The discussion focuses on finding the right market and customers, emphasizing the need to prioritize quality care and a premium product. Brett also explains why it’s essential to think beyond land co...
2024-10-1807 min
Assisted Living InvestingWho Is Your Perfect Resident For Assisted Living? | Maximizing Profitability by Selecting Your Ideal Resident - Ep 67In this episode, Brett Chotkevys breaks down the critical importance of choosing your ideal resident for your assisted living business. He explores how different levels of care—ranging from independent living to assisted living, end-of-life care, and memory care—can dramatically affect your business model. Brett explains how each type of resident has unique care needs, pricing structures, and staffing requirements, and how these factors directly influence your potential income and expenses. Whether you're offering light care or handling high-needs residents, understanding your customer base can make all the difference in your business's success.Brett also shares his...
2024-10-1113 min
Assisted Living InvestingWhy Memory Care & End-of-Life Services are Recession-Proof | The Real Estate Approach to Assisted Living - Ep 66In this episode of Assisted Living Investing, Brett discusses the investment potential of memory care and end-of-life services within the assisted living industry. Brett gets into why these sectors represent a stable and resilient opportunity, even in the face of economic downturns. As discretionary spending on non-essential services declines, the demand for essential, high-need care like memory care and end-of-life care remains consistent and compelling for investors.This episode offers an in-depth look into the financial benefits and strategic advantages of memory care in assisted living. Brett illustrates how these services are not only necessary but are...
2024-10-0409 min
Assisted Living Investing4 Key Steps to Launch Your Residential Assisted Living (RAL) Facility | Assisted Living Investing Guide - Ep 65Ready to invest in assisted living? In this step-by-step guide, Brett Chotkevys outlines 4 critical steps for starting your own Residential Assisted Living (RAL) facility. Learn how to research and choose the best properties using Zillow and LoopNet, understand local zoning and building regulations by working with city officials, and explore financing options with SBA and local lenders to fund your assisted living project. Brett also shares expert tips on how to attract investors and raise capital by leveraging your personal network. Whether you’re new to the industry or looking to scale, this comprehensive guide offers everything you need to...
2024-09-2710 min
Assisted Living InvestingHow To Increase Profits In Your Assisted Living With Home Décor | The Secret to Higher Returns - Ep 64Welcome to Assisted Living Investing with host Brett Chotkevys! In this episode, learn how to boost profits in your assisted living business by making smart investments in furniture, design, and décor. Want to know how luxury upgrades can increase revenue and attract higher-paying residents? We’ve got the insights you need.Discover why cutting corners on furnishings can hurt your ROI and how investing in high-end, luxurious furniture can elevate your assisted living facility. Brett explains how creating upscale private rooms and stylish communal areas can justify higher monthly rates—sometimes over $10,000—and significantly enhance your assiste...
2024-09-2008 min
Assisted Living InvestingMake More Money Using Social Media For Your Assisted Living! - Ep 63Looking to make more money for your assisted living business using social media? Wondering how to boost occupancy rates and even build a waitlist without adding extra overhead costs? In this episode, we break down the exact strategies that have helped us increase profit and gain time freedom through a simple, consistent social media posting system. You'll learn how showing up daily on your business’s social media can lead to more tours, higher occupancy, and ultimately, higher revenue without significant additional expenses.We answer some big questions, like how consistent social media posts can fill your be...
2024-09-1312 min
Assisted Living InvestingHow I Got Time Freedom Operating Assisted Living! - The Secret Gem Of Real Estate - Ep 62What’s up, Mansion Builders! In today’s episode of Assisted Living Investing, I want to get into a major trap that many entrepreneurs fall into—becoming a hostage to their business. When we first opened our assisted living, I found myself trapped in the day-to-day operations, sacrificing my time freedom. But here’s the deal: making great money on paper doesn’t mean you’re truly free if you’re stuck working in the business instead of on it.Have you ever felt like you can’t let go of a bad hire because you don’t know the ins and...
2024-09-0608 min
Assisted Living InvestingWhat You NEED TO DO Before You Open Your Assisted Living! - Ep 61Hey, Mansion Builders! In this episode, I’m getting into the number one thing you absolutely need to do before opening your assisted living. So, what’s the first step to ensure you hit the ground running and even hit profitability in your first month? Well, we’re about four months out from completing our neighborhood of mansions, and I’m going to give you a behind-the-scenes look at what we’ve been doing to get ready.Ever wonder how to sell out all your beds before you even get your license? It all starts with building the right...
2024-08-3013 min
Assisted Living InvestingWhy I'm Selling All My Rentals for Bigger, Better Deals - Investing In Assisted Living! - Ep 60I'm sharing a big shift in my real estate journey—why I'm selling off all my single-family rentals. Have you ever wondered if there’s a better way to achieve financial freedom faster? In this video, I’ll walk you through why I'm moving away from single-family homes and diving headfirst into a new, more scalable asset class: luxury assisted living.Why would someone who built financial freedom through rentals suddenly sell them all? What’s the real difference between managing a portfolio of rental properties and running an assisted living business? I’ll explain how I went from...
2024-08-2306 min
Assisted Living InvestingWhy Do Your Businesses Keep Failing?! - How I Found Success In Assisted Living! - Ep 59Are you tired of seeing your business dreams dying out before they even take off? Ever wonder why your last big idea or attempt at financial freedom didn't pan out the way you hoped? In this episode, I get into the emotional cycle of change—a pattern that many entrepreneurs face but few overcome. What happens when that initial excitement turns into doubt and despair? Why do so many people quit just when they’re on the brink of success?Join me as I explore why most real estate ventures and business ideas fail and how you can...
2024-08-1608 min
Assisted Living InvestingHow I Only Have To Work 4 Hours A Week! Investing in Assisted Living! - Ep 58How do I work 4 hours a week through investing? How do you transition from working 40 hours a week to just four? In this video, we explore the steps to reach ultimate time freedom through efficient business management. Discover how you can build a system that allows you to focus on your family, travel the world, and still maintain a profitable business.What does it take to get from 40 hours a week down to a four-hour workweek? We break down the essential steps: developing a solid product, establishing efficient processes, and building a reliable team. Learn how to...
2024-08-0908 min
Assisted Living InvestingThe Best Way To Get Financial Freedom Through Real Estate - The Memory Care Mansion Model - Ep 57Are you wondering how to achieve financial freedom through real estate investing? What are the best strategies for entering the assisted living industry? In this video, I break down the methods and steps you need to take to reach your financial goals. Should you start small with a six-bed residential assisted living (RAL), or aim for a larger, more profitable commercial-style mansion? We discuss the pros and cons of each approach, helping you decide which path is right for you.How much does it cost to convert a home into a small assisted living facility? Can you...
2024-08-0208 min
Assisted Living InvestingWhy RAL Is DEAD! - What You SHOULD Be Investing In! - Ep 56Why 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...
2024-07-2608 min
Assisted Living InvestingThe Most PROFITABLE Business In Real Estate! - How I Make 40K A Month In Assisted Living! - Ep 55Have 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...
2024-07-1909 min
Assisted Living InvestingCreating A Menu System For Your Assisted Living! - Easy Template For Great Meals! - Ep 54Are 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.
2024-07-1215 min
Assisted Living InvestingWhen Do You Start Marketing Your Business? Create A Waitlist For Assisted Living! - Ep 53In 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...
2024-07-0511 min
Assisted Living InvestingWhy You Should Target Affluent Customers! - How Rich Customers Will Transform Your Assisted Living - Ep 52In 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 sa...
2024-06-2814 min
Assisted Living InvestingHow To Hire A Manager For Your Assisted Living! - Who Should You Look For To Run Your Home? - Ep 51Trying 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 ru...
2024-06-2121 min
Assisted Living InvestingWhich State Should You Open Up Your Assisted Living? - Learn How To Find Your Market! - Ep 50In 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...
2024-06-1419 min
Assisted Living InvestingUse This EASY Marketing Strategy To Fill Your Beds For Assisted Living! - How To Use Social Media Effectively! - Ep 49In 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...
2024-06-0719 min
Assisted Living InvestingHow To Buy Land To Build Your Own Assisted Living! - Learn How To Start A Luxury Assisted Living! - Ep 48In 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 about what to look for in a piece of land? How do you evaluate the size, shape, and usable space? What are impervious coverage and setbacks, and why should you care? And...
2024-05-3118 min
Assisted Living InvestingWhat Are The Biggest Challenges In Assisted Living? - How To Overcome Obstacles To Open Up Your Assisted Living! - Ep 47Ever 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 estate and operations? Need tips on dealing with staffing issues, especially during tough times like COVID-19? We share our experiences, talk about the importance of having a solid plan, and discuss how to systematize staff ro...
2024-05-2435 min
Assisted Living InvestingHow To Find Investors For Your Assisted Living! - The Key To Raising Money! - Ep 46In 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 Assisted Living business? If my potential investor is someone I know, what are ways I can bring up my deal without being too forceful or annoying? I...
2024-05-1718 minAssisted Living InvestingWhy Debt Free IS NOT That Great! - What Should Be Your REAL Financial Goal? - Ep 40In this episode of "The Donkey and The Bee," Laura and I discuss the topic of debt. You've probably seen those "Debt-Free" parties and posts all over social media, where getting out of debt seems like the ultimate goal. But we're here to shake things up a bit and say that's not the only thing you should be aiming for. Instead, why not shoot for bigger financial wins?We've got a lot of questions to tackle in this episode: Why is getting out of debt seen as the end-all goal for so many, and why do we...
2024-05-1518 min
Assisted Living InvestingBuild A New Construction or Buy A Home - Which Is Better For Assisted Living? - Ep 45In 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, cost, potential, zoning, licensure, and operations.Which of the two options takes longer to get started? Which one costs more money? Which one will yield higher returns? Which one is better...
2024-05-1019 min
Assisted Living InvestingWhere Should You Build Your Assisted Living? - Strategies For Building In A Competitive Market - Ep 44In 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 often hear people express reluctance to select a location near competitors. I believe that, particularly for my niche in End-of-life care, it can actually be beneficial to be situated near other Assisted Living facilities.My focus...
2024-05-0319 min
Assisted Living InvestingHow To Find The Right Partners For Your Assisted Living: Creating The Dream Team Of Investors! - Ep 43In 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 encourage you to aim for bigger deals. It is better to own 30% of a larger deal than 100% of a small RAL where you barely break even every month and work 6...
2024-04-2619 min
Assisted Living InvestingHow You Can Have The Best Assisted Living Business! - Learn The Three P’s! - Ep 42In 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 Assisted Living business possible.First, it all comes down to the Product. My product is a luxury assisted living mansion. We have all the ca...
2024-04-1912 min
Assisted Living InvestingTurning Your Home Into An Assisted Living! - How To Convert Your Home Into A Memory Care Mansion - Ep 41In 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 larger deal, like a 16-bed Luxury Assisted Living Mansion. In this episode, I talk about the pros, cons, and some action steps you can take...
2024-04-1228 min
Assisted Living InvestingA MASSIVE Loan For Your Assisted Living! How I Signed 1800 Page Loan Docs! - Ep 40In 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 each loan had its own requirements and paperwork he had to deal with. From an SBA loan to a Pari-Passue loan to a line of credit, learn about these financial...
2024-04-0513 min
Assisted Living InvestingMy Builder Quit! - How To Recover From Setbacks When Building An Assisted Living - Ep 39In 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 uncertainty to his deal. So, Brett had to get creative in figuring out how to get the deal done.Brett was able to review...
2024-03-2912 min
Assisted Living InvestingEverything You Need To Know About Licenses For Assisted Living! - Interview With Texas Commissioner! - Ep 38In 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. Everything from the team that handles your licensure, to the process and which cases take priority, and also things that could potentially keep you from getting your permits and licenses. Watch this episode if you want to learn more about...
2024-03-2224 min
Assisted Living InvestingHow To Train Your Managers For Your Assisted Living! - Gain Financial Freedom Through Our Management System! - Ep 37In 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 week, making their Assisted Living business almost passive. In this episode, Brett walks us through the steps he takes when training a new manager. There are three main cat...
2024-03-1523 min
Assisted Living InvestingKicking Residents Out Of Your Assisted Living! - The Process and Steps To Do It Right - Ep 36In 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. It never feels good to turn someone away. However, there are times when you have to consider the safety of everyone in the house, including the...
2024-03-0826 min
Assisted Living InvestingHow To Hire The PERFECT Chef For Your Assisted Living! - Full Hiring Process Walkthrough - Ep 35In 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 reward. In his Luxury Memory Care Mansion, he didn’t just want a beautiful home; he also wanted beautiful food.This episode covers every step of hi...
2024-03-0120 min
Assisted Living InvestingGenerate INFINITE Leads For Your Assisted Living! - How To Keep Your Beds Full! - Ep 34This 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 cornerstone of their success is ensuring that they have full occupancy every month for their Assisted Living. Their custom marketing strategy not only ensures that but also has helped them create a waitlist of...
2024-02-2319 min
Assisted Living InvestingThe BEST Way To Start Your Assisted Living - Setting Up The Perfect Deal - Ep 33In 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 investment goals and circumstances, from limited liability companies (LLCs) to tax-efficient structures like S-Corps.We also dive into the importance of tax management strategies, providing actionable tips to help you minimize tax liabilities and maximize returns...
2024-02-1614 min
Assisted Living InvestingHow Much Should You REALLY Pay Your Managers - Assisted Living Investing - Ep 32In 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 small RAL, you won’t make enough money to have two managers, let alone a single manager.Brett pays a lot to have good managers because of h...
2024-02-0912 min
Assisted Living InvestingHow To Get A Million Dollar Loan!: Prepping For Your Appraisal - Ep 31In 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 also because Brett created a strategy to help ensure he would get the best appraisal possible.Brett’s strategy for getting a great appraisal is doing the appraiser’s wo...
2024-02-0226 min
Assisted Living InvestingWhat Loan Should You Get When Starting An Assisted Living? - SBA vs Commercial Banking - Ep 30In 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.There are a lot of benefits to an SBA loan. For one, they will lend a lot more money than a commercial lender would. SB...
2024-01-2613 min
Assisted Living InvestingHow Much Money Do You Need To Start Your Assisted Living? - Ep 29In 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 you don’t have a ton of money in savings, how do you get the money to start your business? Brett explains that the first st...
2024-01-1914 min
Assisted Living InvestingIs Assisted Living A Risky Business? How To Avoid Potential Risks and Issues While Owning An Assisted Living - Ep 28In 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 this myth is that people think Assisted Living is a medical business that could get you sued, but this isn’t true at all. Brett explains that Assisted Living is a...
2024-01-1216 min
Assisted Living InvestingHow Much Money Can You Make Owning An Assisted Living?: 8-Bed vs 16-Bed - Ep 27In 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 easier to open an 8-bed and then open a second 8-bed later on? Brett goes through the numbers and compares the profits between a single 16-bed and two 8-bed assisted living....
2024-01-0512 min
Assisted Living InvestingHow To Find And Hire The Best Caregivers For Your Assisted Living! - Ep 26In 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 perfect caregiver. A common misconception is that you have to hire a nurse, someone with a medical degree, or someone with a ton of experience. However, this isn’t tr...
2023-12-2938 min
Assisted Living InvestingGetting Read For A HUGE Loan For Your Assisted Living! - Ep 25In 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 bank will look at the deal as a whole, with everyone involved.First, Brett talks about what the bank would look for. The...
2023-12-2212 min
Assisted Living InvestingHow To Hire The Best Managers For Your Assisted Living - Learn This Method To Gain Time Freedom - Ep 24In this episode, Brett talks about finding the perfect managers for your Assisted Living. Brett has created a business model that lets him work only 3-4 hours a week in his Assisted Living Business. The only way this is possible is because he created a system to have the best possible managers who can operate his Assisted Living Memory Care Mansion without him or Laura constantly needing to be working in the business.The trick here is having a manager with heart. Brett stresses the importance that you, as the owner, have to be able to do...
2023-12-1516 min
Assisted Living InvestingFirst 5 Steps When Opening An Assisted Living: A Guide To A Stress-Free Business - Ep 23In this episode, Brett walks us through the 5 steps he takes when opening a new Assisted Living home. Brett has created a business model that gave him financial and time freedom. He practically structured his Assisted Living to be almost passive, with only working a few hours a week. However, to get to that point, that will require some work on the front end. That’s why Brett lays out the 5 steps that carry him to financial freedom.The most important step is to first hire a good manager. By hiring a good manager, they will be ab...
2023-12-0812 min
Assisted Living InvestingThe Memory Care Advantage: The Financial Benefits of Memory Care - Ep 22In this episode, Brett talks about the benefits of adding Memory Care to your Assisted Living Home. Brett’s niche is a Memory Care Mansion. His mansion is a 16-Bed purpose-built home for memory care. He created this business model to compete with the big-boxed Assisted Living Facilities while being way more profitable than a small Residential Assisted Living. While creating this niche, he learned about the huge benefits of memory care and how there weren’t a lot of drawbacks.For one, he learned that there wasn’t really a lot of added work for adding memory...
2023-12-0115 min
Assisted Living InvestingAssisted Living Investing: How To Fill Your Beds Quickly And Build A Waitlist! - Ep 21In this episode, Brett Chotkevys reveals his marketing strategy that helped his Assisted Living Business create a waitlist of over 60 people! When Brett started his business, he was told by industry experts the best way to fill your beds, but he disagreed. Brett took a look at the industry and thought they were doing it wrong. This caused him to look outside of the industry and look at other marketing techniques. Brett’s creative way to fill his assisted living beds and start to create a waitlist is a system that he calls the Strategic 20. The first pa...
2023-11-2424 min
Assisted Living InvestingCreating a Home Run Exit Strategy in Assisted Living: How to Generate $4 Million per Building - Ep 20Welcome to the Assisted Living Investing podcast with Brett Chotkevys! In this episode, Brett shares his secrets on building purpose-built memory care mansions that are not only profitable but also offer a unique opportunity for long-term wealth creation. By designing and constructing facilities specifically tailored for end-of-life care, dementia, and assisted living, you're not only providing a superior product but also maximizing your Assisted Living’s value. Brett reveals his strategy of building at less than 50% of the future value, ensuring substantial profitability. The Platinum Resort Assisted Living in Georgetown, Texas, is just one example of their expa...
2023-11-1710 min
Assisted Living InvestingThe Assisted Living Reality Check: What To Know When Buying An RAL In An HOA - Ep 19In this episode, Brett Chotkevys goes over one of the most common pieces of misinformation that is spread in the Assisted Living community. A lot of leaders in the community will tell you to simply just buy a house in an HOA to turn it into an RAL. However, Brett breaks the news that this is wrong. You should avoid buying an RAL in an HOABrett discusses a time when he was going to purchase a home in an HOA to start his Assisted Living Business. He did all the proper due diligence and made sure...
2023-11-1012 min
Assisted Living InvestingThe Secret To Raising Capital in Assisted Living: Equity vs. Debt Strategies - Ep 18In this episode, Brett Chotkevys teaches us how to raise money for an Assisted Living Business. Brett has experience in raising capital with both equity and debt, and in this episode, he uses what he learns to teach us valuable lessons and insights. He walks you through the essential steps and considerations when bringing on equity partners and structuring your deals for success.The tips that Brett uses here can be used whether it's your first Assisted Living Business or your fifth Assisted Living Business. This episode provides valuable insights into financing your projects and building partnerships...
2023-11-0319 min
Assisted Living InvestingRaising $1.1 Million Without Using Your Own Money: Financing Your Way to 100% Equity Ep: 17In this episode, Brett shares his valuable insights into creative ways to raise money for your Assisted Living Business. We know that the most common reason why you may be hesitant to start your own Assisted Living Business is due to the lack of funds. That’s why we want to give you the tools and confidence to raise your funds.In this in-depth discussion, Brett reveals how he raised $1.1 million for an assisted living project without using any of his own money, ultimately retaining 100% equity. He takes you through the entire process, from securing the initial ha...
2023-10-2719 min
Assisted Living InvestingMaximizing Assisted Living Profits: The Path To Six-Figure Monthly Income - Ep 16In this episode, Brett Chotkevys has his sights set on making some serious six-figure monthly income. At his memory care mansion, He is able to bring in a profit of $500K a year with his business model. And now, he's here to let you in on the secrets to achieve similar results. Sure, you can cut costs, but he firmly believes that the magic lies in increasing income. You can only cut your expenses so low, but you can always increase your income.First and foremost, Brett emphasizes the importance of choosing the right location. He's talking...
2023-10-2014 min
Assisted Living InvestingNavigating the Fire Marshal: Key Questions and Insights to Open an Assisted Living Business - Ep 15In this episode, Brett Chotkevys delves into the often-overlooked but essential aspects of starting your first assisted living facility. He highlights the pivotal role of entrepreneurs in taking charge of their projects and explains the significance of early discussions with the local fire marshal. From the intricacies of obtaining permits to potential deal breakers like fire sprinklers, fire hydrants, and more, Brett provides a comprehensive guide to ensure your assisted living venture's success. If you're looking to enter the world of assisted living, this episode is a must-watch to help you overcome the hurdles and achieve financial freedom for...
2023-10-1311 min
Assisted Living InvestingCrucial Steps in Assisted Living Investments: Avoid Mistakes in Zoning, Permits, and More - Ep 14In this episode, Brett emphasizes the critical importance of conducting thorough due diligence before investing in properties for Assisted Living Homes. During this process of starting your Assisted Living Business, it is very easy to make mistakes that can snowball into huge deal-killers. Brett explores the intricacies of building regulations, zoning requirements, and the permitting process, helping you avoid potential deal-breaking pitfalls along the way.Additionally, Brett dives into the complexities of dealing with state regulations and the essential questions you should ask to ensure your project meets safety and regulatory standards. He also sheds light on...
2023-10-0613 min
Assisted Living InvestingDeal Maker or Deal Breaker: City Engagement Strategies To Protect Your Assisted Living Investment - Ep 13In this episode, Brett Chotkevys discusses one of the most crucial steps in initiating your Assisted Living Business: engaging with your local city officials. This stage is brimming with potential deal killers that can jeopardize your plans. It's essential to ask the right questions upfront to ensure the viability of your project. By communicating with your city authorities, you'll gain valuable insights and requirements necessary to kickstart your journey into the assisted living industry, setting you up for a successful business launch.Zoning can be a make-or-break factor in the success of an assisted living venture. Brett...
2023-09-2921 min
Assisted Living InvestingStarting Your Own Assistant Living Business - Researching Competition Through Secret Shopping - Ep 12In today's episode, Brett Chotkevys is your guide as we delve deep into the significance of this critical first move. This is the starting point, the essential foundation upon which your entire venture rests. It's the moment you transition from online research to the real world, that you gain priceless insights into the world of Assisted Living.Our focus today is on secret shopping. Brett Chotkevys shares his personal journey, recounting the days spent visiting numerous assisted living facilities. This immersive experience isn't just about exploring your competition; it's about seeing through the eyes of your future...
2023-09-2218 min
Assisted Living InvestingChoosing Assisted Living Locations: Transforming Online Research into Perfect Locations - Ep 11In this episode, Brett Chotkevys dives into the crucial steps of starting your own assisted living facility. Brett breaks down the process into four key frameworks, with today's focus on the first one: location selection.Starting with thorough online research, Brett emphasizes the importance of understanding your local market inside out. You'll need to know the demographics, such as age, income, and housing prices, in your target area. This information helps you determine whether there's a demand for your assisted living services and if potential residents can afford them.Moreover, Brett emphasizes the significance of...
2023-09-1523 min
Assisted Living InvestingAssisted Living Investments: The Blueprint for Raising Capital and Achieving Financial Freedom - Ep 10In this episode, Brett Chotkeys delves deep into the world of assisted living investments, sharing his personal journey that led to a life-changing deal. Many aspiring assisted living entrepreneurs face a common dilemma: They possess the passion, the heart, and the experience but get overwhelmed when it comes to raising capital. The idea of handling a six-bed facility is manageable, but it's clear that it won't be profitable or allow you to truly be an entrepreneur. So, how do you make the leap to a 16-bed facility and secure $2 million in funding? This is where Brett breaks it all...
2023-09-0828 min
Assisted Living InvestingAssisted Living Gold: Cracking the Code to $500K Per MansionIn this episode, Brett Chotkevys is spilling the beans on the nitty-gritty numbers and strategies behind crafting assisted living mansions that rake in big bucks and provide top-notch care. Oftentimes mentors and teachers in the field do not share the exact numbers of costs and profits that go into their business deals, this frustrated Brett back when he was learning about real estate. So to help the listeners, Brett shared the numbers that he makes with running his Assisted Living Mansion.Picture this: you're learning the ropes from someone who's been there, done that...
2023-09-0116 min
Assisted Living InvestingUnexpected Impact: My Biggest Surprise In Running An Assistant Living - Ep 08In today's episode, Brett Chotkevys discusses the biggest surprise he learned from working in assisted living. Rather than simply dissecting strategies to maximize profits, Brett invites us to explore a different facet of the assisted living industry—the privilege of serving. While many people typically get into this industry to make a lot of money, many will be surprised when they realize the compassion and empathy they will gain from working in assisted living. Brett shares his experience with remarkable residents and how this unexpected impact changed his life. Brett's insights underline the transformative pow...
2023-08-2510 min
Assisted Living InvestingNavigating Big Problems, Reaping Bigger Rewards: Solutions in Assisted Living - Ep 07In this captivating episode, Brett Chotkevys shares his transformative journey from business mogul to trailblazing the future of assisted living. He takes us on a deep dive into the intricacies of residential assisted living, breaking down the most common issues and redefining the landscape. Exploring the intersection of real estate investing and senior housing, Brett unveils his breakthrough concept of Assisted Living Mansions. Seamlessly merging the benefits of large assisted living facilities with the personal touch of small-scale homes, he presents a trailblazing solution that defies the limitations of traditional setups.Follow me:Facebook: https://www.f...
2023-08-1815 min
Assisted Living InvestingFinding Your Goldilocks: Optimal Bed Count for Assisted Living Success | Ep 06In Episode 06 of the Assisted Living Investing Podcast, we dive into the crucial question: "How many beds should you start with for your assisted living?" 🏨💡 Brett takes the helm to dissect the bed count conundrum, shedding light on why this single factor can make or break your profits in the senior care industry.Join us as Brett candidly explores the pitfalls of both too-small and too-large assisted living facilities. Discover the harsh reality of undersized operations struggling to maintain quality care due to insufficient resources, and the woes of oversized models that lead to empty beds and stagna...
2023-08-1114 min
Assisted Living InvestingCracking the RAL Zoning Code: How to Expand Your Assisted Living Business Beyond 8 Beds | Ep 05In Episode 5 of the Assisted Living Investing Show, Brett dives into the critical topic of zoning for an assisted living facility. He warns against using residential zoning, as it often limits the number of beds to a mere 6 or 8. Instead, Brett shares his powerful strategy to unlock unlimited potential for your Memory Care Mansion in any state or city across the country! Tune in as Brett reveals his expert insights on choosing the right zoning type, whether it's commercial, multi-family, mixed-use, or unincorporated zones. He shares the secret to engaging with city officials and the questions to a...
2023-08-0417 min
Assisted Living InvestingDebunking the Myth: Make $10,000 a month with a Residential Assisted Living (Myth 3 of 3) - Ep 04Welcome back to the Assisted Living Investing podcast with your host, Brett Chotkevys. In this episode, Brett tackles another prevalent myth in the assisted living industry, focusing on the challenges and limitations of investing in six or eight-bed residential assisted living (RAL) facilities. Drawing from his personal experience, Brett provides a realistic breakdown of the financial numbers involved and exposes the harsh realities of trying to generate substantial income and achieve passive investing in this niche. With a deep dive into expenses, staffing requirements, occupancy rates, and the absence of managerial support, Brett highlights the immense stress and lack...
2023-07-2816 min
Assisted Living InvestingDebunking the Myth: Passive Income From a Residential Assisted Living (Myth 2 of 3) - Ep 03Welcome back to the Assisted Living Investing podcast with your host, Brett Chotkevys. In this episode, Brett addresses a commonly heard myth in the industry regarding the passive nature of small assisted living facilities. He delves into the challenges and limitations of running a six-bed or eight-bed facility, highlighting the need for active involvement and debunking the idea of a hands-off investment. Drawing from his own experience, Brett shares insights on staffing, emergencies, and the crucial role of owner-operators in providing quality care. Discover how Brett has overcome these hurdles and established a more scalable and passive business model...
2023-07-2112 min
Assisted Living InvestingDebunking the Myth: Can Any House Be Converted to a Residential Assisted Living? (Myth 1 of 3) - Ep 02Join host Brett Chotkevys on the Assisted Living Investing show as he busts a prevalent myth in the world of residential assisted living. Many have been led to believe that any house in any neighborhood can be converted into an assisted living facility, promising passive income and financial freedom. However, Brett dives into the reality of this myth, shedding light on the numerous factors and deal killers that make it an impractical notion. From fire suppression requirements and ADA compliance to zoning regulations and health department standards, he explains why due diligence and a clear understanding of the challenges...
2023-07-1413 min
Assisted Living InvestingOne and Done: The Power of Assisted Living Investing - Ep 01Welcome to the "Assisted Living Investing" show, hosted by Brett Chotkevys. In this episode, Brett explores the exciting concept of "one and done" investing in the assisted living niche. Discover why this investment opportunity captured his attention and how it can lead to financial freedom. Brett shares his personal journey and explains the three key reasons why he believes assisted living investing is a remarkable avenue for investors. From generating active income to making a difference in people's lives, and finally, the enticing long-term exit strategy, this episode unveils the unique potential that assisted living investing offers. Tune in...
2023-07-0708 min