Shows
The Assisted Living Investing PodcastEpisode 147 | How to Start an Assisted Living Business (When You Have No Idea Where to Begin)Summary In this conversation, Brandon Gustafson introduces his Focus Framework, a structured five-phase process designed to assist individuals in launching their own assisted living businesses. He emphasizes the effectiveness of this framework, which has been beneficial for him and many others in the field.
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
If you’re passionate about serving those who served us, this video will help you get started the...
2025-10-2929 minThe Assisted Living Investing PodcastEpisode 144 | Assisted Living Costs EXPLAINED (Top Expenses You Need to Know)Summary In this episode of the Assisted Living Investing podcast, Brandon Gustafson discusses the top expenses associated with running an assisted living business, encapsulated in the acronym WeFUD: Wages, Insurance, Food, Utilities, and Debt Service. He emphasizes the importance of understanding and managing these expenses to ensure profitability and success in the industry. The episode provides insights into each expense category, offering practical advice for new investors.
Chapters
00:00 Introduction to Assisted Living Investing
00:28 Understanding the WeFUD Expenses
01:25 Wages: The Largest Expense
03:54 Insurance: Protecting Your Business
04:47 Food Costs...
2025-10-1712 minThe Assisted Living Investing PodcastEpisode 141 | Why Most People Never Get Started in Assisted Living (and How to Finally Take Action)In this conversation, Brandon Gustafson discusses the challenges faced by aspiring assisted living entrepreneurs and provides insights on how to overcome these obstacles. He emphasizes the importance of crafting a clear vision, building a strong foundation, and taking decisive action to achieve success in the assisted living business. The conversation also highlights the significance of clarity and confidence in the entrepreneurial journey, along with available resources to support new business owners.
Chapters
00:00 Introduction to Assisted Living Entrepreneurship
02:24 Overcoming Overwhelm in Assisted Living
05:42 Crafting Your Vision for Success
09:02 Building a...
2025-10-0815 minThe Assisted Living Investing PodcastEpisode 139 | How to KICKSTART Your Assisted Living Business Right NowIn this conversation, Brandon Gustafson discusses the essential steps to kickstart an assisted living business. He emphasizes the importance of understanding the confusion surrounding the process, finding one's motivation, grasping financial fundamentals, selecting the right property model, navigating barriers like funding and licensing, and creating a clear roadmap for success. Throughout the discussion, he offers valuable resources and insights to help aspiring entrepreneurs in the assisted living sector.
00:00 Introduction to Assisted Living Entrepreneurship
02:42 Understanding the Challenges of Starting an Assisted Living Business
05:35 Finding Your 'Why' in Assisted Living
08:20 Key Financial Insights...
2025-10-0115 minThe Assisted Living Investing PodcastEpisode 134 | How I Solved Funding Issues for Assisted LivingIn this episode of The Assisted Living Investing Podcast, Brandon Gustafson shares how to overcome common funding challenges when starting an assisted living business. Learn the essentials of building a strong business plan, mastering underwriting, building lender relationships, and staying resilient through rejections—all with practical tips and free tools to help you launch successfully.
00:00:00 – Introduction00:00:47 – Overcoming Funding Obstacles: Business Plan Importance00:01:08 – Launchpad Bundle & Business Plan Building00:01:31 – Defining Your Market & Population Niche00:02:17 – Market Research & Competitive Differentiation00:03:32 – Essential Documents for Funding00:04:15 – Coaching & Support Options00:04:37 – Understanding Underwriting and Its Role00:04:59 – Estimating Income in Underwriti...
2025-09-1215 minThe Assisted Living Investing PodcastEpisode 127 | Unmasking the Risks of Unlicensed Care HomesIn 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
2025-08-2018 minThe Assisted Living Investing PodcastEpisode 125 | Unlocking the Secrets to the Perfect House for Unlicensed Care HomesIn this episode of The Assisted Living Investing Podcast, host Brandon Gustafson dives deep into unlicensed care homes as a potential entry point for those new to assisted living. Drawing from his own experience operating facilities since 2020, Brandon breaks down how these smaller, license-free homes work, the regulations you still need to follow, and what makes them a unique opportunity in today’s market.
00:00:00 – Introduction00:00:16 – Topic Introduction: Unlicensed Care Home Secrets00:01:10 – Facility Size & Home Requirements00:02:08 – Pricing & Profitability Realities00:02:40 – Home Layout Considerations: Stairs00:03:36 – Solutions for Stairs & Accessibility00:03:53 – Summary of Ideal Home Features00:04:35 – Be...
2025-08-1320 minThe Assisted Living Investing PodcastEpisode 120 | The ALARMING Consequences of No Workers Comp InsuranceIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives into the essentials of workers’ compensation insurance for assisted living business owners. Drawing from his real-world experience running residential care homes since 2020, Brandon explains why workers’ comp isn’t just a legal requirement—it’s a vital safety net for your staff and your business.
00:00:00 – Introduction
00:00:22 – Topic Introduction: Workers’ Compensation Insurance
00:02:23 – What is Workers’ Comp Insurance?
00:04:17 – Legal Requirements for Workers’ Comp
00:05:16 – Cost and Finding Workers’ Comp Insurance
00:08:11 – Quarterly Reporting and Premium Calculation
00:10:00 – Typical Costs Breakdown
0...
2025-07-2320 minThe Assisted Living Investing PodcastEpisode 117 | Four Big Mistakes You Should Avoid When Launching Your Care HomeIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares the four most common mistakes beginners make when launching an assisted living facility—and how to avoid them. From delaying marketing and hiring the wrong staff to underestimating startup costs and skipping a business plan, Brandon breaks down what you need to know to start strong. Drawing from his own experience operating homes in Idaho and Colorado, he offers practical tips, free tools, and a roadmap for building a profitable and sustainable care business. Whether you're months from launch or just exploring the industry, this episode wi...
2025-07-1115 minThe Assisted Living Investing PodcastEpisode 114 | I Sold My Assisted Living Facility!In this episode of the Assisted Living Investing Podcast, Brandon Gustafson shares his personal journey from reading Rich Dad, Poor Dad to owning and eventually selling one of his assisted living facilities focused on mental health care. With homes in both Idaho and Colorado, Brandon opens up about the challenges of staffing, financial planning, and maintaining occupancy, while offering key lessons and actionable advice for anyone looking to enter the assisted living space. He emphasizes the value of care, realistic planning, and steady execution, encouraging listeners to blend passion with business discipline.
00:00:00 – Introduction00:00:22 – Announcement: Selling My Faci...
2025-07-0226 minThe Assisted Living Investing PodcastEpisode 109 | Top 5 Tips for Qualifying for an Assisted Living Loan SuccessfullyIn this episode, Brandon Gustafson breaks down the loan qualification process for launching an assisted living business. From building a solid business plan and improving your credit to forming smart partnerships and connecting with lenders, Brandon offers a step-by-step roadmap to help beginners secure funding and start their first facility within 12 months. He also shares key insights on cap rates, underwriting, and preparing lender-ready documentation—all while emphasizing persistence and professionalism.
00:00:00 – Introduction00:01:41 – Understanding Loan Qualification00:02:55 – Differences from Traditional Home Loans00:04:26 – Qualifications for Beginners vs. Experienced Investors00:05:35 – Building a Strong Foundation00:07:30 – Organizing Documentation00:09:07 –...
2025-06-1125 minThe Assisted Living Investing PodcastEpisode 106 | How to Fund Your Assisted Living Start-Up (Financial Planning Tips)In this episode, Brandon Gustafson dives into the essentials of financial planning for launching an assisted living business. From funding options like SBA loans and credit lines to managing key expenses and creating multiple income streams, Brandon shares the tools, strategies, and mindset needed to build a financially sound and scalable business. Perfect for beginners ready to start within the next year.
00:00:00 – Introduction
00:00:16 – Free Underwriting Calculator & Podcast Focus
00:01:01 – Traditional Funding Options
00:02:19 – Hard Money Loans & Grants Overview
00:03:27 – Grant Strategies & Timing
00:04:28 – Grants as Supplemental Funding
00:05:27 – Financial Management Overview
00...
2025-05-3014 minThe Assisted Living Investing PodcastEpisode 105 | The Future of Assisted Living: Trends and InnovationsIn this episode, Brandon Gustafson explores the future of assisted living and what beginners need to know to launch a successful facility within the next year. From tech innovations and wellness trends to funding strategies and regulatory shifts, Brandon breaks down the key insights and action steps to stay ahead in this growing industry.
00:00:00 – Introduction
00:01:00 – Personal Introduction & Resource Offer
00:02:38 – Digital Health & AI Integration
00:07:11 – Ambient Listening Documentation Tools
00:09:31 – Wellness-First & Holistic Care
00:14:13 – Aging in Place Population & Blended Care Models
00:19:06 – Flexible Resident-Centric Living Design
00:22:33 – Workforce & Regulatory Shifts
00...
2025-05-2836 minThe Assisted Living Investing PodcastEpisode 98 | Unlocking the Secret: How Medicaid Can Fund Your Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson aims to help beginners plan and launch their assisted living business within a year, emphasizing time and financial freedom. He highlights a key topic: leveraging Medicaid for success in assisted living, clarifying misunderstandings, and the distinctions between Medicaid and Medicare. Brandon explains the application process for becoming a Medicaid provider, navigating administrative challenges, and ensuring profitability while serving the Medicaid population. He also shares valuable resources, including a free underwriting calculator and a year-long mastermind program. Aspiring assisted living investors are encouraged to visit the website for...
2025-05-0215 minThe Assisted Living Investing PodcastEpisode 95 | Unlocking Medicaid Rates for Assisted Living Made EASY!In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson breaks down how to find Medicaid rates in your state and why they matter for your assisted living business. If you're new to the industry, this is a must-listen for understanding how Medicaid works, how to access state funding, and how it can help grow your resident base. Brandon shares real-life examples from his Colorado and Idaho facilities, explains Medicaid fee schedules and waivers, and clears up common myths. He also walks you through where to look online for your state’s Medicaid info—and why it’s key...
2025-04-2327 minThe Assisted Living Investing PodcastEpisode 92 | Navigating HOA Challenges in Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides essential tips for launching an assisted living business, specifically focusing on navigating homeowners associations (HOAs). Brandon explains the role of HOAs and common roadblocks such as CC&Rs (covenants, conditions, and restrictions), parking limitations, and neighbor pushback. He offers actionable advice on understanding and working with HOAs, including studying CC&Rs, engaging with HOA boards, and educating neighbors on assisted living benefits. Additionally, Brandon emphasizes the importance of knowing zoning laws and the rights protected under the Federal Fair Housing Act to establish your business successfully.
2025-04-1111 minThe Assisted Living Investing PodcastEpisode 91 | How to Start Investing in Assisted Living in 2025: ALI Basics RevealedIn this episode of the Assisted Living Investing Podcast, hosted by Brandon Gustafson, beginners learn the essential steps to launch an assisted living business in the next year. Brandon shares insights from his own experience operating two facilities since 2020 and emphasizes the importance of creating a solid business plan. He discusses funding options, from SBA loans to hard money and grants, and stresses the value of building partnerships and networks. Listeners are encouraged to join the 'Assisted Living Investing Basics' community for additional support and resources. Key topics include determining your starting point, leveraging current assets, and understanding the...
2025-04-0928 minThe Assisted Living Investing PodcastEpisode 90 | How to Maximize Occupancy in Your Assisted Living FacilityIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides listeners through essential tips for launching a successful assisted living business. He emphasizes the importance of maximizing occupancy through effective marketing strategies, including network marketing, internet marketing, and working with placement agencies. Brandon also discusses optimizing residential spaces to meet state regulations and how fostering relationships with local healthcare providers can benefit occupancy rates. Listeners are encouraged to use resources like the free underwriting calculator on the podcast’s website and take incremental steps towards successfully launching their assisted living business.
00:00 Introduction to Assisted Li...
2025-04-0410 minThe Assisted Living Investing PodcastEpisode 89 | Medicaid Explained: Everything You Need to KnowIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners looking to launch their assisted living business within the next year. Brandon, who owns two assisted living facilities and has substantial experience in the healthcare industry, delves deep into Medicaid – explaining its functions, differences from Medicare, the qualifications required for residents and providers, and the intricacies of Medicaid billing. The episode also highlights the launch of a new membership program that offers affordable access to valuable resources for aspiring assisted living business owners. Listeners are encouraged to leverage these resources to ac...
2025-04-0225 minThe Assisted Living Investing PodcastEpisode 88 | How I Can Help You Launch Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson introduces tools and programs to help beginners start their own assisted living business within a year. Brandon highlights the free underwriting calculator available on their website, the Assisted Living Launchpad bundle for foundational knowledge, the Assisted Living Accelerator program for a step-by-step guide, and the Mastermind program for personalized coaching and additional resources. Whether you're unsure how to start or need detailed guidance, these resources aim to facilitate your journey towards time and financial freedom through assisted living investments.
00:00 Introduction to the Podcast
00:24...
2025-03-2808 minThe Assisted Living Investing PodcastEpisode 87 | Can You Start an Assisted Living Business with Bad CreditIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson addresses the common concern of starting an assisted living business with bad credit. Brandon explains why credit matters but is not the end-all and shares strategies to overcome credit challenges. He discusses the importance of building a solid business foundation, exploring alternative funding options such as seller financing, microloans, and partnerships with investors. Brandon also highlights the free business plan checklist and his comprehensive Launchpad bundle to assist newcomers in creating their businesses. The episode is geared toward providing actionable steps for aspiring business owners to achieve...
2025-03-2627 minThe Assisted Living Investing PodcastEpisode 84 | Effectively Operate an Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners on how to successfully operate a profitable assisted living business. He breaks down the essential tasks into four areas: feeding residents, managing expenses, effective leadership, and financial management. Brandon highlights useful tools such as Grove Menus for meal planning and software for financial management like Profit First and How to Grow Your Small Business. He also discusses the importance of building a good relationship with pharmacies and using EHR systems to streamline operations.
00:00 Introduction to Assisted Living Investing
00:17 Key Aspects of...
2025-03-1410 minThe Assisted Living Investing PodcastEpisode 82 | All About Loan for Your Assisted Living Business with Regina MorganBrandon Gustafson, investor, owner, and operator of two residential assisted living facilities, sits down with Regina Morgan from VESTARC to discuss the ins and outs of unsecured lines of credit and SBA loans. Regina shares her extensive experience helping entrepreneurs secure funding for new ventures, scaling operations, and expanding in real estate. They dive into the specifics of unsecured loans, including eligibility, benefits, potential pitfalls, and a thorough comparison with SBA loans. They also discuss strategies for mixing different types of funding to maximize financial potential and ensure business growth. Regina offers valuable advice on navigating the funding process...
2025-03-0726 minThe Assisted Living Investing PodcastEpisode 80 | The KPIs You Need to Run a Profitable Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson delves into the key performance indicators (KPIs) critical for running a profitable assisted living business. Brandon explains the importance and simplicity of KPIs, emphasizing their role in business health and profitability. He also discusses essential tools such as project management software (Asana, Trello, monday.com), Excel, CRM systems, and EHRs for tracking and managing KPIs. Specific KPIs covered include occupancy rates, timely payments, staffing levels, missed shifts, and ADLs (Activities of Daily Living). Brandon provides actionable insights on how to leverage these tools and KPIs to enhance...
2025-02-2811 minThe Assisted Living Investing PodcastEpisode 79 | Top Tax Strategies for Assisted Living BusinessIn this episode, Brandon Gustafson, an experienced healthcare administrator and owner of two assisted living facilities, delves into various tax strategies for assisted living businesses. He discusses entity separation, depreciation strategies, and the importance of professional guidance in tax planning. The video also touches on advanced strategies like cost segregation, retirement investments, and common tax mistakes to avoid. Brandon emphasizes the value of understanding tax rules and hiring a good accountant to maximize benefits and ensure legal compliance. The episode aims to provide practical and actionable insights for small business owners looking to optimize their tax strategies and achieve...
2025-02-2623 minThe Assisted Living Investing PodcastEpisode 78 | How To Get $12,000 Per Month For A Room With Medicaid In Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson explores how to generate $12,000 per month per room with Medicaid in assisted living. He breaks down the differences between Medicare and Medicaid, and explains the intricacies of state-administered Medicaid programs, including billing codes, reimbursement rates, and the Rent, Utilities, and Food (RUF) payment. Brandon also discusses the certification process for becoming a Medicaid provider and shares a real-life example from his own facility, demonstrating how to achieve substantial income by leveraging Medicaid. Listeners are encouraged to apply to the mastermind program for personalized guidance.
00:00 Welcome...
2025-02-2115 minThe Assisted Living Investing PodcastEpisode 76 | How to Market an Assisted Living Facility to Find More ResidentsIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide to creating a successful marketing plan for assisted living facilities. The discussion focuses on two primary marketing strategies: network marketing and internet marketing. Brandon outlines key relationships to build with discharge nurses, rehab facilities, case managers, other assisted living facilities, nursing homes, independent living communities, and home health and hospice services. He also emphasizes the importance of regular visits, small gifts, and consistent follow-ups to maintain these relationships. On the internet marketing front, Brandon advises on building an effective website with a lead...
2025-02-1418 minThe Assisted Living Investing PodcastEpisode 75 | Assisted Living: 10 Common MisconceeptionsIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives deep into the ten most common misconceptions about investing in assisted living facilities. From debunking the myth that you need a medical degree to start, to clarifying the differences between assisted living and nursing homes, Brandon draws from his experience of owning and operating multiple facilities. He also addresses concerns about cost, licensing, and demand, aiming to help beginners navigate the complexities of launching an assisted living business.
00:00 Welcome to the Assisted Living Investing Podcast
00:57 Top 10 Misconceptions About Assisted Living
01:40 Y...
2025-02-1236 minThe Assisted Living Investing PodcastEpisode 74 | The Assisted Living Launch FormulaThe Five-Phase Approach to Launching Your Assisted Living Business In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson introduces listeners to the 'Assisted Living Launch Formula'. Brandon outlines a detailed five-phase approach crucial for establishing a successful assisted living business. The phases include: building a strong business foundation, finding the right property, securing funding, understanding rules and regulations, and launching and scaling the business. The episode includes resources such as workshops and guides to aid listeners through each phase. Brandon also highlights the Assisted Living Investing Mastermind program, which provides comprehensive support. He emphasizes the importance...
2025-02-0709 minThe Assisted Living Investing PodcastPodcast 73 | How to Buy an Existing Assisted Living Business: The Ultimate GuideIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners looking to purchase an existing assisted living business. Brandon, who has extensive experience in the assisted living sector, discusses his proven five-phase process that includes building a strong foundation with a solid business plan, conducting market research, finding the perfect property through brokers and online platforms, securing funding, obtaining necessary licenses, and managing operations effectively. He emphasizes the importance of building strong relationships with brokers, lenders, and state officials, and offers valuable resources such as a free business plan checklist and...
2025-02-0520 minThe Assisted Living Investing PodcastEpisode 72 | How to Launch Your Assisted Living Business in 6 Months!In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide to launching an assisted living business within six to twelve months. He breaks down the process into a five-phase approach, focusing on business foundation, zoning and the certificate of occupancy, funding, and licensing. Brandon shares personal insights, including the importance of setting and reviewing goals, and offers valuable resources such as a Business Foundation Basics workshop and an ALI Mastermind program to assist throughout the journey. The episode emphasizes patience and persistence as critical factors for success. Tune in for practical advice and...
2025-01-3110 minThe Assisted Living Investing PodcastEpisode 71 | Grants vs SBA: The Ultimate GuideIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson delves into the pros, cons, and processes of securing funding for an assisted living business through SBA loans and grants. Brandon, with his extensive experience in the industry, shares practical insights on what the SBA is, what grants are, and the specific scenarios where each funding option is most applicable. Additionally, he provides detailed steps on how to navigate the application processes for both SBA loans and grants while emphasizing the importance of building a solid business foundation.
00:00 Introduction to Assisted Living Investing
00:21...
2025-01-2926 minThe Assisted Living Investing PodcastEpisode 70 | How to Fund Residential Assisted Living in 2025In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide on how to fund a residential assisted living business in 2025. Brandon emphasizes the importance of building a solid business foundation, understanding down payment requirements, reviewing financials, and building relationships with lenders. Drawing from his own experiences, he shares strategies like forming partnerships and seeking alternative funding sources. Brandon also highlights useful resources such as the Business Foundation Basics workshop and the free underwriting calculator available on the Assisted Living Investing website. The episode concludes with a call to apply for the ALI Mastermind...
2025-01-2411 minThe Assisted Living Investing PodcastEpisode 68 | How Much Does It ACTUALLY Cost to Start a Residential Assisted Living in 2025In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives into the financial aspects of starting a residential assisted living business in 2025. He discusses key factors affecting startup costs, including real estate value, business value, and different types of loans (SBA, conventional mortgages, private loans). Brandon also touches on renovation costs, licensing fees, and the importance of having operating capital. He offers advice on building a solid business foundation, underwriting, finding funding partners, and drafting operating agreements. Listeners are encouraged to engage with the content by asking questions and accessing resources like the free underwriting calculator...
2025-01-1713 minThe Assisted Living Investing PodcastEpisode 67 | Want to Launch a Successful Assisted Living Business... Listen To This NowLaunching Your Assisted Living Business In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the essential steps and resources for launching an assisted living business successfully. He introduces various programs designed to guide potential entrepreneurs through the complexities of starting an assisted living facility, including his Launch Pad, Accelerator, and Mastermind programs. Brandon shares insights from his own experience owning and operating assisted living facilities, covering critical phases such as building a business foundation, finding properties, securing funding, navigating regulations, and scaling the business. He also explains the benefits of additional resources like market research...
2025-01-1529 minThe Assisted Living Investing PodcastEpisode 66 | Five Startup Hacks to Simplify Your Assisted Living JourneyIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson walks beginners through the crucial steps to start an assisted living business in 2025. He details a five-phase process crucial for success: building a business foundation, finding the right property, securing funding, understanding rules and regulations, and launching and scaling the business. The episode underscores the importance of proper planning and offers resources like a free underwriting calculator and a mastermind program. Brandon emphasizes setting clear goals and shares practical advice and personal anecdotes to inspire and guide aspiring entrepreneurs.
00:00 Introduction to Assisted Living Investing
2025-01-1011 minThe Assisted Living Investing PodcastEpisode 65 | How to Start an Unlicensed Care HomeIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners on launching an unlicensed care home. Brandon shares his expertise on the distinctions between licensed and unlicensed care homes, the types of care that can be provided, and critical compliance considerations. He also discusses the importance of having a solid business structure and marketing strategies and avoiding common pitfalls. Listeners are encouraged to use tools like the free business plan checklist and consider joining the ALI Mastermind program for further guidance.
00:00 Introduction to Assisted Living Investing
00:27 Starting...
2025-01-0821 minThe Assisted Living Investing PodcastEpisode 64 | How to Build a Winning Team (Staffing Tips) for your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses crucial steps for staffing your assisted living business. He explains the roles of administrators, assistant administrators, house managers, med techs, caregivers, RNs, and housekeepers. Brandon also provides insights on where to find staff, steps for hiring, onboarding processes, and tips for managing payroll and shift coverage.
00:00 Introduction to Assisted Living Investing
00:21 Importance of Hiring the Right Staff
00:56 Key Staff Positions in Assisted Living
06:21 Finding and Hiring Staff
08:07 Onboarding and Payroll
11:12 Conclusion and Recap
2025-01-0312 minThe Assisted Living Investing PodcastEpisode 63 | Top Trends in Assisted Living You Can't Ignore in 2025In this episode, Brandon Gustafson, an experienced operator of two assisted living facilities, discusses top trends in the assisted living industry for 2025. Key points include the current supply and demand dynamics, potential challenges like accessibility, affordability, and quality of care, and the importance of technology and personalized care. Brandon also shares insights into who needs assisted living and provides tips on building a successful business in this field.
00:00 Welcome and Introduction
00:10 Free Resource: Business Plan Checklist
00:35 About Me: Brandon Gustafson
01:42 Top Trends in Assisted Living for 2025
04:56 Challenges in the A...
2025-01-0223 minThe Assisted Living Investing PodcastEpisode 62 | Launching and Scaling Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the crucial fifth phase of launching and scaling an assisted living business. He provides an overview of the five phases: building the business foundation, finding the right property, obtaining funding, understanding regulations, and finally, launching and scaling. Brandon emphasizes the importance of choosing the right business path, getting the proper staff in place, and effective marketing strategies. He also highlights the benefits of joining the ALI Mastermind program for year-long support to ensure a profitable and successful assisted living business.
00:00 Welcome and Introduction
2024-12-2808 minThe Assisted Living Investing PodcastEpisode 60 | Residential ALF Owners Are Making a Fortune, Here's Their SecretIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the viability of residential assisted living facilities in the current economic climate. He addresses concerns such as rising costs, interest rates, real estate prices, and workforce shortages. Brandon emphasizes the growing demand for assisted living due to the aging population and highlights the unique value propositions these facilities offer. He shares strategies for success, including optimizing operations, attracting and retaining staff, diversifying revenue streams, focusing on marketing, and staying informed on regulations. Additionally, Brandon outlines the importance of building a strong business foundation through detailed planning...
2024-12-1834 minThe Assisted Living Investing PodcastEpisode 58 | Is 2025 the Year You FINALLY Launch Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, Brandon shares practical steps for launching an assisted living business in 2025. Brandon offers insights from his experience operating two out-of-state assisted living facilities. He outlines key strategies such as setting specific goals, conducting market research, understanding financials, and making detailed business plans. He also discusses common challenges in the industry, from staffing and regulations to zoning and cost management, while providing resources like his business plan checklist and market research guide to support aspiring entrepreneurs.
00:00 Welcome to the Assisted Living Investing Podcast00:16 Getting a Head Start for 2025
2024-12-1134 minThe Assisted Living Investing PodcastEpisode 57 | How to Get Your Facility LicenseIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide on how to obtain a license for your assisted living facility. He discusses the various state departments you may need to contact, the different methods of communication for reaching them, and the essential questions to ask. Brandon also explains the types of licenses available, including care homes, residential assisted living facilities, and memory care licenses, as well as licensed versus unlicensed facilities. Additionally, he covers the process for completing the application and the steps for a change of ownership if buying an existing...
2024-12-0617 minThe Assisted Living Investing PodcastEpisode 56 | How to Obtain a License for a Residential Assisted Living HomeIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson offers invaluable insights on obtaining a license for your assisted living home, covering Phase Four of a comprehensive five-phase process. The discussion begins with a quick recap of previous phases, including building a business foundation, finding the right property, and securing funding. Brandon delves into the specifics of the three main types of licenses: care homes, residential assisted living, and big box facilities, explaining their differences and what each entails. He highlights the importance of identifying your target population and how this decision impacts the licensing process...
2024-11-2910 minThe Assisted Living Investing PodcastEpisode 55 | Medicaid: The Best Kept Secret for Profitable Assisted Living.mp4In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through the essentials of launching an assisted living business within a year. Brandon shares insights from his extensive experience in the assisted living industry, emphasizing the opportunities and challenges tied to Medicaid. He elaborates on how Medicaid works, its benefits, and the ways it can be a hidden gem in assisted living investments. The episode also addresses common misconceptions about Medicaid, providing a thorough breakdown of Medicaid payments, the importance of proper documentation, and strategies for raising rates.
00:00 Introduction to the Podcast01:05...
2024-11-2727 minThe Assisted Living Investing PodcastEpisode 54 | Different Financing Options for Assisted Living BusinessesIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through various financing options available for launching an assisted living business. Key topics include SBA funding, conventional mortgages, construction loans, private funding, unsecured loans, seller financing, and subject-to financing. Brandon also provides tips on specific scenarios such as buying an existing home, new builds, and obtaining operating capital. Additional resources like an underwriting calculator, grant writing templates, and a grant accelerator course are highlighted alongside the importance of building relationships with lenders, lending brokers, and commercial brokers.
00:00 Introduction to Assisted Living Investing
2024-11-2211 minThe Assisted Living Investing PodcastEpisode 53 | Is a Business Plan Really Necessary for Your StartupThe Importance of a Business Plan in Assisted Living Investing In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares insights on the critical role of a business plan in launching and running a successful assisted living business. Brandon, who owns and operates two assisted living facilities, emphasizes that a solid business plan is essential for gaining clarity, securing properties, obtaining funding, and acquiring facility licenses. He offers free resources, such as a business plan checklist, and invites listeners to join his live workshops and mastermind program for further guidance. Brandon also answers audience questions, providing...
2024-11-2115 minThe Assisted Living Investing PodcastEpisode 52 | How to Use the SBA to Fund Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through launching an assisted living business with a focus on leveraging SBA funding. Brandon explains the basics of the SBA program, how to find SBA lenders, and the detailed steps in securing funding. Topics include building relationships with local banks, the role of lending brokers, and the importance of thorough paperwork. The episode also covers the comparisons between 7a and 504 SBA loans and emphasizes the necessity of being responsive and organized to obtain the loans successfully.
00:00 Introduction to the Podcast
00:49 Understanding...
2024-11-1516 minThe Assisted Living Investing PodcastEpisode 50 | How to Obtain Funding for an Assisted Living HomeIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives into phase three of launching an assisted living business: obtaining funding. Brandon outlines the overall five-phase process, emphasizing the importance of building a strong foundation, finding the right property, securing funding, obtaining licensing, and scaling the business. He shares personal experiences of persistent efforts leading to success despite numerous rejections. Building relationships with lenders and understanding that 'no' often means 'not yet' are key takeaways. Brandon also introduces various financing options and highlights the value of the ALI Mastermind program and free resources available on their...
2024-11-0811 minThe Assisted Living Investing PodcastEpisode 49 | How to Find the Perfect Home for Residential Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares valuable insights on how to find the right home for a residential assisted living facility. Drawing from his own experiences running two assisted living facilities in different states, Brandon discusses the importance of building a strong business foundation, understanding state-specific requirements, and evaluating the size and features of potential homes. He also answers listener questions regarding room sizes, licenses, and managing mental health populations. The episode includes information about an upcoming live workshop and resources available on the Assisted Living Investing website.
00:00 Introduction to...
2024-11-0621 minThe Assisted Living Investing PodcastEpisode 48 | How to Get Approval from the Fire DepartmentIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the crucial steps to obtaining fire department approval for your assisted living business. He explains the importance of securing a certificate of occupancy, ensuring ADA compliance, and selecting the appropriate fire suppression systems. Brandon also shares practical tips for engaging city planners and fire department contacts effectively. The episode emphasizes the significance of understanding and fulfilling these requirements as part of launching a successful and compliant assisted living facility.
00:00 Introduction to Assisted Living Investing
00:16 Understanding Fire Department Approval
01:04 ADA Compliance...
2024-11-0111 minThe Assisted Living Investing PodcastEpisode 47 | How to Become an Assisted Living Facility AdministratorIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides listeners on how to become an assisted living facility administrator. He covers the necessary steps, including education, work experience, and the required courses and tests to obtain a license. Brandon also shares his own experience in the healthcare industry and offers valuable resources like a free business plan checklist and information about their mastermind program and upcoming workshops.
00:00 Introduction to the Podcast
00:16 Becoming an Assisted Living Facility Administrator
00:53 Free Business Plan Checklist
01:20 Host's Background and Experience
03:12...
2024-10-3020 minThe Assisted Living Investing PodcastEpisode 46 | Zoning your Home for Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Guen guides beginners on how to successfully zone their property for an assisted living business. Emphasizing the importance of proper zoning and obtaining necessary permits, Brandon shares key strategies for communicating with city planners and tackles the complexities of zoning changes and major renovations. The episode includes real-life examples, such as dealing with zoning issues in Colorado, and provides steps for handling rezoning processes. Additionally, the podcast highlights the potential need for business and renovation permits and concludes with information about a mastermind program for further guidance.
2024-10-2512 minThe Assisted Living Investing PodcastEpisode 45 | Where to Find GrantsIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson takes you through the essential steps and resources for securing grants for your assisted living business startup. Drawing from his personal experiences, Brandon discusses reliable grant sources, including federal resources like grants.gov and sam.gov, while emphasizing the importance of avoiding scams. He introduces his new Grant Funding Foundations course, which offers comprehensive guidance, templates, and expert advice on navigating grant proposals. Key platforms such as SAM.gov, GrantGopher.com, GrantWatch.com, and Foundation Center by Candid are highlighted for finding grant opportunities and effectively managing...
2024-10-2414 minThe Assisted Living Investing PodcastEpisode 44 | How To Find the Right House for Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides an in-depth guide for beginners on finding the perfect property for an assisted living business. Covering essential aspects such as market research and building a strong foundation, Brandon discusses three main property options: purchasing an existing facility, converting a single-family home or commercial property, and leasing. He recommends various resources for each option, including websites like loopnet.com, Zillow, and rent.com, and stresses the importance of working with professional realtors and brokers specializing in senior living. The episode also highlights the benefit of leveraging expert...
2024-10-1811 minThe Assisted Living Investing PodcastEpisode 42 | The Keys to Finding the Right Property for Yor Assisted Living HomeFinding the Right Property for Your Assisted Living Business In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through the essential steps of finding the right property for their assisted living business. He emphasizes the importance of a solid business foundation and offers free resources, including an underwriting calculator, to assist in the process. Brandon discusses the keys to finding a suitable property, zoning requirements, and fire department approvals. He introduces his mastermind program that helps prospective investors navigate these stages, highlighting the importance of a detailed business plan, understanding financial obligations, and setting...
2024-10-1109 minThe Assisted Living Investing PodcastEpisode 41 | How to Raise Money for Investing in Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson introduces the essentials of starting an assisted living business. The focus is on raising funds and building solid business foundations. Brandon shares his experiences and offers guidance on securing traditional and creative funding. He emphasizes the importance of creating a robust business foundation, developing a comprehensive business plan, and avoiding common pitfalls like over-leveraging. The episode also explores various funding options, including traditional bank loans, SBA loans, private investors, partnerships, and grants. Brandon encourages networking through local events, investment clubs, and online platforms to connect with private...
2024-10-0922 minThe Assisted Living Investing PodcastEpisode 40 | The Best Legal Structure for Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the foundational steps to setting up an assisted living business, specifically focusing on the importance of legal structures. Brandon emphasizes the need for consulting an attorney to ensure that business structures are established correctly, explaining the complexities and liabilities involved in assisted living operations. He compares different business entities such as LLCs, S Corps, C Corps, and sole proprietorships, advising against sole proprietorships and C Corps for small operations. Brandon also suggests considering separate entities for real estate and operational facets of the business to protect...
2024-10-0413 minThe Assisted Living Investing PodcastEpisode 39 | The Reality of Grants
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson delves into the realities of securing grants for assisted living facilities. Brandon shares his personal experiences, including securing $1.2 million in grant funding and the process involved in managing these grants. He discusses the complexities, paperwork, and potential tax implications of grant funding and offers practical advice and resources like a free grant writing template.
00:00 Introduction to the Podcast00:16 The Reality of Grants00:52 Brandon's Experience with Grants01:38 Details of Secured Grants04:11 Grant Paperwork and Reporting05:34 Grant Payment Processes08:56 Tax Impl...
2024-10-0218 minThe Assisted Living Investing PodcastEpisode 38 | What is the Best Market for Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through launching their assisted living business within a year. Brandon emphasizes the importance of building a strong business foundation and provides insights on selecting the best market for your facility. Key topics covered include market research to avoid oversaturation, identifying desirable living areas, and the need to follow population trends. He also introduces valuable tools like the business planning guide and underwriting calculator to facilitate the investment process. Tune in for comprehensive strategies to achieve time and financial freedom through assisted living investments.
00:00...
2024-09-2711 minThe Assisted Living Investing PodcastEpisode 37 | Do You Need an NPI in Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson explores the fundamentals of National Provider Identifiers (NPIs) and their relevance to assisted living businesses. Listeners will learn what NPIs are, who needs them, and how to obtain one. Brandon, who owns two assisted living facilities and has a decade of experience in healthcare administration, also offers insights into the practical applications of NPIs in healthcare billing and transactions. Additionally, he provides valuable resources including a free business plan checklist and information about his mastermind program to help beginners launch their assisted living businesses within the next...
2024-09-2514 minThe Assisted Living Investing PodcastEpisode 36 | How to Know if Your Assisted Living Business Will be ProfitableIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through the critical process of underwriting in the assisted living business. He explains what underwriting is, why it's essential, and how to effectively conduct it to ensure profitability. Brandon details the steps for reviewing historical financials, projecting future financials, and factoring in startup expenses. He also introduces useful resources like a business planning guide, underwriting calculator, and mastermind program to aid listeners in their journey towards launching a successful assisted living business. The episode emphasizes the importance of diligent financial review and offers practical tips...
2024-09-2011 minThe Assisted Living Investing PodcastEpisode 35 | Expert with 10 Years Experience Shares Top Assisted Living TipsIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson offers a detailed guide for beginners looking to launch their assisted living business within a year. Brandon shares his expertise, detailing the Assisted Living Launch Formula, which includes building a solid business plan, finding the right property, securing funding, understanding the necessary regulations, and successfully operating and scaling the business. He emphasizes the importance of a well-developed business plan, proper underwriting, market research, and networking. Additionally, Brandon provides insights about his experiences managing assisted living facilities and offers resources such as a free business plan checklist and...
2024-09-1849 minThe Assisted Living Investing PodcastEpisode 34 | Make or Break Your Assisted Living Business with a Business PlanIn 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 plan: overview, operations, marketing plan, and financial review, providing detailed insights and offering helpful resources like a business planning guide and a year-long mastermind program. Listeners are encouraged to engage with the podcast by commenting on their needs for personalized support...
2024-09-1310 minThe Assisted Living Investing PodcastEpisode 33 | STOP Relying on Banks for Assisted Living FinancingIn 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 the importance of building relationships, having a solid business plan, and knowing when to leave deals. Additionally, Brandon provides legal considerations and steps for pitching to private money lenders. Throughout, he offers practical advice from his own experience owning and operating assisted...
2024-09-1123 minThe Assisted Living Investing PodcastEpisode 32 | The Beginners Basics for Starting an Assisted Living BusinessIn 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 up the correct legal entities with the help of an attorney. He also introduces various free resources available on their website, including an underwriting calculator, business plan checklist, and market research guide.
00:00 Introduction to the Podcast
00:34 Building a Strong Foundation
2024-09-0609 minThe Assisted Living Investing PodcastEpisode 30 | Starting Your Assisted Living Business: A Five Phase ApproachIn 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, conducting thorough market research, and understanding funding options. He also discusses regulatory requirements and offers tips for successfully opening and operating an assisted living facility.
00:00 Introduction to Assisted Living Investing
00:29 Phase 1: Building Your Business Foundation
04:21 Phase 2: Finding t...
2024-09-0111 minThe Assisted Living Investing PodcastEpisode 29 | Top Apps for Running a Profitable Assisted Living BusinessIn 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 discusses the importance of building a solid business foundation and his mastermind program for launching an assisted living business within a year. Listeners are encouraged to subscribe, join the Facebook group, and utilize the resources available on the podcast's website.
00:00 Introduction to the...
2024-08-2818 minThe Assisted Living Investing PodcastEpisode 28 | Crafting a Meaningful Vision for an Assisted Living BusinessIn 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 Moran and Michael Lennington as a valuable resource and introduces the Assisted Living Investing Mastermind program for further guidance.
00:00 Welcome to the Assisted Living Investing Podcast
00:35 Importance of Vision Work
01:19 Breaking Down Vision into Manageable S...
2024-08-2315 minThe Assisted Living Investing PodcastEpisode 27 | How to Create a Partnership in Assisted LivingIn 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 steps to approach partners, form entities, and maintain effective communication within partnerships. He encourages listeners to utilize the free resources available on the podcast's website, including a business plan checklist, and explore the mastermind program for further support. 00:00 Welcome and Introduction
00:16 T...
2024-08-2120 minThe Assisted Living Investing PodcastEpisode 26 | Using a Placement Agency to Fill a Residential Assisted Living FacilityIn 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 the need for extensive follow-up) of using these agencies. He advises small facility owners to consider partnering with local placement agencies for better community engagement. Resources like the free underwriting calculator and business planning guide on the...
2024-08-1613 minThe Assisted Living Investing PodcastEpisode 25 | How to Fill Out an Assisted Living Facility License ApplicationIn 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 also discusses the fees associated with the application, necessary supporting documents, and various types of licenses. Additionally, Brandon announces upcoming resources, including a free webinar and a mastermind program, to help aspiring assisted living facility owners achieve their business goals.
2024-08-1426 minThe Assisted Living Investing PodcastEpisode 23 | How to Create a Lease Agreement with an Operator for a Residential Assisted Living FacilityIn 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 like insurance requirements and signatures. The video offers a free lease agreement template and emphasizes the value of using additional resources such as an underwriting calculator and a business planning guide.
00:00 Introduction to Assisted Living Business
00:23...
2024-08-0910 minThe Assisted Living Investing PodcastEpisode 22 | How to Do Market Research for Assisted LivingIn 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, including a business plan checklist, market research tools, and a year-long mastermind program. Listeners are also invited to register for an in-depth webinar on August 14, 2024, where Brandon will delve into his assisted living launch formula.
00:00 Introduction to the Podcast
00:24 Brandon's Background...
2024-08-0716 minThe Assisted Living Investing PodcastEpisode 21 | How to Create a New Hire File for Your StaffIn 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. Brandon also highlights the benefits of maintaining both paper and digital copies for quick and easy access, especially important during employee surveys and compliance checks. He shares practical tips on using payroll vendors like Gusto, and offers resources for those...
2024-08-0210 minThe Assisted Living Investing PodcastEpisode 20 | How to Find the Right Property for Assisted LivingIn 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 existing facility or converting a home, and provides resources like business planning guides and profit path analysis tools. He also touches on the significance of understanding zoning laws, the benefits of working with commercial brokers and real estate agents, and...
2024-07-3124 minThe Assisted Living Investing PodcastEpisode 19 | What is the Difference Between a Big Box Assisted Living Facility and a Residential Assisted Living HomeIn 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 investors, including the operational and emotional aspects of each model. The episode also provides resources, including a free underwriting calculator and details about the mastermind program, to aid in launching an assisted living business.
00:00 Introduction to Assisted Living Investing
00:17 Big Box...
2024-07-2611 minThe Assisted Living Investing PodcastEpisode 18 | Building an Assisted Living Home from the Ground UpIn 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 also shares his personal journey and experience in the healthcare industry and offers a wealth of resources, such as a free business plan checklist and details about his 12-month mastermind program.
00:00 Introduction to the Assisted Living Investing Podcast
01:01 About Y...
2024-07-2418 minThe Assisted Living Investing PodcastEpisode 17 | How to Purchase a Single-Family Home and Convert it into a Residential Assisted Living FacilityIn 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 compliance with standards like FGI, and obtaining necessary licenses. He also highlights helpful resources, including a free underwriting calculator, a business planning guide, and his mastermind program. The episode aims to equip viewers with the knowledge to successfully buy, convert, and operate a residential a...
2024-07-1910 minThe Assisted Living Investing PodcastEpisode 16 | What are 3rd Party Service Providers for Assisted Living_1.mp3In 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, nutritionists, fitness instructors, elder law attorneys, and financial advisors. He emphasizes the benefits of forming partnerships with these providers to improve resident satisfaction and community referrals. The episode also highlights available resources on the podcast's website, including a free business plan checklist and information about...
2024-07-1713 minThe Assisted Living Investing PodcastEpisode 15 | Purchasing an Existing Assisted Living Business vs Converting a Home into an Assisted Living HomeIn 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 processes, and personal preferences. Brandon also shares insights on navigating negotiations, zoning, fire safety inspections, and potential renovation challenges. Viewers are encouraged to utilize additional resources and explore personalized help through strategy sessions and a mastermind program.
00:00 Introduction to Assisted Living...
2024-07-1210 minThe Assisted Living Investing PodcastEpisode 14 | How to Start an Unlicensed Care HomeIn 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 regulations and operational procedures. The episode also provides insights into building legal structures, market research, and practical tips for aspiring care home operators. Brandon also shares resources available on the podcast's website and invites listeners to join a year-long mastermind program for in-depth support and guidance.
2024-07-1011 minThe Assisted Living Investing PodcastEpisode 13 | Do I Need a Wheelchair Accessible Home for a Residential Assisted Living FacilityIn 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 planning approval and fire department inspections.
00:00 Introduction to Assisted Living Business
00:38 Importance of Wheelchair Accessibility
00:53 Understanding Wheelchair Accessibility Requirements
02:03 Fire Department Inspections and Classifications
03:14 Options for Starting Your Assisted Living Business
2024-07-0508 minThe Assisted Living Investing PodcastEpisode 12 | Leadership Roles for a Residential Assisted Living FacilityIn 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 practical advice for aspiring investors, including the benefits of management companies. The episode aims to equip beginners with the knowledge to launch their own assisted living business in the next year.
00:00 Introduction to the Podcast
00:53 Host's Background and...
2024-07-0411 minThe Assisted Living Investing PodcastEpisode 11 | What is Medicaid Billing and Coding?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 opportunities via parallel businesses, like transportation services.
00:00 Introduction and Overview
00:20 Free Resources and Tools
00:36 Understanding Medicaid Billing and Coding
01:03 Deep Dive into Coding
02:00 Deep Dive into Billing
04:13 Exploring Additional Billing Codes
06:52 Conclusion...
2024-06-2809 minThe Assisted Living Investing PodcastEpisode 10 | How I Got a $1 Million Dollar Grant in Assisted LivingIn 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 and discusses the need for proper documentation and reporting for grant compliance. Additionally, he mentions his free grant writing template available at assistedlivinginvesting.net/grants. The episode aims to help beginners in the assisted living business navigate the complexities of...
2024-06-2617 minThe Assisted Living Investing PodcastEpisode 9 | Do You Pay Overnight Staff More than Daytime Staff in Assisted Living?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 Responsibilities
02:56 Pay Rates for Daytime and Nighttime Shifts
04:03 Recap and Final Thoughts
04:23 Additional Resources and Coaching
05:33 Encouragement and Closing Remarks
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our y...
2024-06-2106 minThe Assisted Living Investing PodcastEpisode 8 | How Health Insurance Works for Assisted LivingIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares insights on various insurance options relevant to assisted living businesses. Brandon covers the distinctions between Medicare, Medicaid, and long-term care insurance. He also explains the funding processes, application protocols, and the potential for creating a successful assistedmliving business. Special attention is given to common misconceptions and practical tips for leveraging these insurance programs to benefit both providers and residents.
00:00 Introduction to Assisted Living Investing
02:26 Understanding Medicare for Assisted Living
04:28 Navigating Medicaid for Assisted Living
09:27 Exploring Long Term Care...
2024-06-1915 minThe Assisted Living Investing PodcastEpisode 7 | What are the Levels of Care in Assisted Living?We delve into the various levels of care in assisted living facilities, discussing their significance and how they affect both residents and operators. The topic covers the range of three to five levels of care, depending on facility structure, and how these assessments help set appropriate rates and identify staffing needs. Brandon will discuss each level, from minimal supervision to extensive assistance, providing examples and guidelines for effective resident assessments.
00:00 Introduction to Assisted Living Levels of Care
00:49 Importance of Assessments and Medicaid
03:22 Detailed Breakdown of Care Levels
03:44 Level One Care: Minimal A...
2024-06-1514 minThe Assisted Living Investing PodcastEpisode 6 | What’s the Difference Between a Licensed and Unlicensed Assisted Living Home?We're diving deep into the differences between licensed and unlicensed facilities. Understanding these distinctions is crucial for anyone considering entering the assisted living industry. Watch to learn which type might be best suited for your needs and business goals.
00:00:40:49 - Introduction to the topic
00:00:56:58 - Licensed Facilities Overview
00:01:15:48 - What is a Licensed Facility?
00:02:21:01 - Advantages of Licensed Facilities
00:02:39:25 - Challenges of Licensed Facilities
00:03:19:45 - Staffing Requirements in Licensed Facilities
00:03:39:25 - Unlicensed Facilities Overview
00:03:59:31 - Benefits of Unlicensed Facilities
00:05:13:57 - Limitations...
2024-06-1410 minThe Assisted Living Investing PodcastEpisode 5 | How to get over 1 Million in Funding for your Assisted Living BusinessIn this podcaast, we explore how to secure over a million dollars in funding to launch an assisted living business. Brandon, who owns two assisted living facilities, shares his experience in obtaining over $1.5 million in SBA funding through strategic business planning and underwriting. Key steps include crafting a solid business plan, performing thorough underwriting, appraising the property and business value, and finally, finding a lender. The importance of each step is highlighted to ensure confidence and approval from lenders, investors, or partners.
00:00 Introduction to Securing Funding for Assisted Living Business
00:30 Importance of a Solid Business...
2024-06-0708 minThe Assisted Living Investing PodcastEpisode 4 | Three Paths to Starting Your Assisted Living BusinessIn this episode of the Assisted Living Investing Podcast, Brandon guides listeners through the three primary paths to starting an assisted living business: buying an existing business, buying and converting a home, and leasing a property. Additionally, he touches on a fourth option, building a facility from the ground up. The episode covers important considerations like licensing processes, zoning requirements, funding options, and business planning to help you decide the best route for your assisted living venture. Tune in to gain actionable advice and find out how you can achieve time and financial freedom through assisted living.
00:00...
2024-06-0518 minThe Assisted Living Investing PodcastEpisode 3 | What to do after you get certified for Medicaid at your Residential Assisted living facilityIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson walks beginners through the essential steps after being certified as a Medicaid provider for an assisted living business. Brandon discusses the certification process, including dealing with the governing Medicaid body in your state, filling out necessary forms, obtaining a certificate of insurance, and setting up bank information for direct deposits. He then elaborates on the importance of finding Medicaid residents and how to effectively market and create relationships with case management companies and other relevant organizations. Finally, he explains the billing process for Medicaid, highlighting the need...
2024-06-0113 minThe Assisted Living Investing PodcastEpisode 1 | What Benefits do you Offer Caregivers in a Residential Assisted Living FacilityIn this episode of the Assisted Living Investing Podcast, host Brandon Gustafson discusses the importance of offering benefits to caregivers within a residential assisted living business. Brandon explores various benefits such as PTO, health insurance, 401k plans, mileage reimbursement, and bonuses, explaining how these can enhance employee loyalty and retention. He explains the practical aspects of setting up these benefits with payroll vendors like Gusto and highlights the regulatory requirements and cost considerations. Additionally, he touches on the potential tax benefits and the impact of these offerings on staff morale. Tune in to learn how to implement these strategies...
2024-06-0109 minThe Assisted Living Investing PodcastEpisode 2 | Types of Assisted Living LicensesIn this episode, we'll also dive into the different types of licenses available in assisted living and how they can impact your business.
00:00:00 Introduction to the Podcast00:00:18 Welcome and Focus of the Episode00:00:56 Brandon's Background00:02:05 Listener Engagement00:02:29 Types of Assisted Living Licenses:
Basic Assisted Living License
Limited Assisted Living License
Enhanced Assisted Living License
Memory Care License
Extended Congregant Care License (SEC)
Specialty Care Assisted Living License
00:12:13 Resources and Offers00:14:26 Listener Engagement00:15:00 ConclusionResources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including o...
2024-05-2915 minThe Assisted Living Investing PodcastThe Assisted Living Podcast | My Journey and What You Can ExpectWelcome to the first episode of the Assisted Living Investing Podcast! I'm your host, Brandon Gustafson, and I am thrilled to embark on this journey with you. In this introductory episode, I’ll share my background, the mission behind this podcast, and the five key pillars to launching your own assisted living business within the next year.
Timestamps:
00:00:00 - 00:00:21 – Welcome and Introduction00:00:21 - 00:01:07 – Podcast Format and Future Vision00:01:07 - 00:01:32 – The Five Key Pillars00:01:32 - 00:01:57 – My Assisted Living Journey00:01:57 - 00:02:27 – My Professional Background00:02:27 - 00:03:13 – Teaching and Mentoring Experience00:03:13 - 00:04:26 – Why I Created Assist...
2024-05-2307 min
Dear BalladeerLong Distance Relationships with Andrew PaulsS2E3: Andrew Pauls is many things and one of those is a success story for long-distance relationships. He is also a singer, songwriter, multi-instrumentalist, grant expert, and engaged community member in his town of Lancaster, Pennsylvania. For this episode Andrew digs into his own life experience as we chat about a question regarding long distance relationships, and Andrew shares his song Can I Be Close To You. Andrew and I happened to be on tour so we got to record this episode live from the comfort of Andrew’s home office in Lancaster. Do you...
2024-04-0152 min
The Stitchdown ShoecastUnsung House's Grant Gustafson is Doing Some of the Coolest Repair, Customization, and Bootmaking in the GameUnsung House is a wonderfully rare shoe repair shop. After a half decade learning the trade in a more “standard” cobbler setting, brothers Grant and Isaac Gustafson opened Unsung in a literal old house in Nashville, to focus on impeccable higher-end shoe—and especially boot—repair, restoration, and ground-up creation. Ben and Ticho sat down with Grant to dig into the beautiful details of Unsung’s work, from how they work a re-last job, to the dark arts of pattern grading, to their 9000-year-old sander that’s the size of a 727, and almost certainly louder. We also go d...
2022-12-061h 11
An Honest WizardAn Honest Wizard Episode 359: Undead Cooking SchoolCreate Undead is an unsavory spell, certainly, but one that Grant's powerful allies through necromancy. Use wisely.
2020-07-3014 min
Good / True / & Beautiful | with Ashton GustafsonThe Chef Sessions // Season 2 // Smyth | The Loyalist Chef John ShieldChef John Shields began his culinary training in the St. Louis area, attending culinary school and working in local restaurants. Shields spent two years serving as sous chef at the world-renowned Charlie Trotter’s in Chicago before continuing his career with Chef Grant Achatz at Alinea as sous chef in 2005. During his two years there, Alinea grew from an exciting upstart to one of the best restaurants in the world.After leaving Alinea in 2008 to pursue the next step in his career, John (and his soon-to-be wife Karen Urie) turned down an offer to lead the opening of a...
2018-10-1932 min