Assisted Living Investing Brett Chotkevys

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 ...

In this episode, we break down what makes an Assisted Living business successful. This allows me to pay more than the industry standard to my caregivers, make $40,000 a month, and only work a few hours a week. This is because of my Three P’s. In this episode, I talk about the Product, Process, and People that go into an Assisted Living and how 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 ass...