Assisted Living Investing Brett Chotkevys

In this episode of Assisted Living Investing, we're answering the big question: How do you find the right piece of land for your assisted living project? We'll explore the best strategies for purchasing different types of land that you can build your Assisted Living on . If you're wondering how to pick the perfect spot to build your dream project, 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 impervio...

Ever wondered what it really takes to manage a successful Assisted Living Business? Feeling nervous about starting your own life-changing deal? In this episode of Assisted Living Investing, I’m chatting with my wife and business partner, Laura, about just that. We talk about overcoming initial fears, the importance of mindset, and how to handle the biggest challenges.Curious about balancing real estate and operations? Need tips on dealing with staffing issues, especially during tough times li...

In this episode of Assisted Living Investing, I talk about investors for your Assisted Living business. I break down the two types of investors, how to approach them, and the best ways to impress them. The first question I answer is: what are the two types of people that can be potential investors? Depending on what kind of person they are, how do 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 de...

In this episode of Assisted Living Investing, I discuss New Construction vs. Buying an Existing Home. When starting an assisted living facility, which option is better? I have had success with both, and each comes with its unique pros and cons. When comparing New Construction Assisted Living to Remodeling an Existing Home, I use six metrics to assess which one is superior. These metrics are time, cost, potential, zoning, licensure, and operations.Which of the two options takes longer to get s...

In this episode, I discuss choosing the location for your Assisted Living. Whether you're operating a Residential Assisted Living (RAL) or a larger facility, one of the most crucial aspects of a successful Assisted Living is its location. It's essential to see if there's a viable market for your Assisted Living in the desired area before proceeding with construction. However, I often hear people express reluctance to select a location near competitors. I believe that, particularly for my nich...

​​In this episode of Assisted Living Investing, I talk about the team you should assemble in order to make your Assisted Living business possible. I’ve heard multiple people in this industry say they don’t want a partner because they want to own 100% of the business. I’m here to tell you that train of thought is flawed. Having a team makes pursuing 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 ...