Assisted Living Investing

Starting Your Own Assistant Living Business - Researching Competition Through Secret Shopping - Ep 12

September 22, 2023 Brett Chotkevys Season 1 Episode 12
Assisted Living Investing
Starting Your Own Assistant Living Business - Researching Competition Through Secret Shopping - Ep 12
Show Notes

In 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 customers.

The core message here is the vital role of observation. By physically visiting these facilities, you'll have the opportunity to assess critical aspects, including the quality of their product (the living spaces), their pricing strategies, and the level of care provided to residents. It's a hands-on approach to understanding why some facilities thrive while others struggle.

Location, pricing, product quality, and the level of care are all pieces of this intricate puzzle. You'll discover how these factors contribute to the overall success or challenges faced by assisted living facilities in your market. Each facility offers unique lessons that will shape your vision and strategy.

This episode marks the vital first step in your journey towards assisted living success. Your path to success in assisted living investing begins here! Be sure to subscribe, like, and share this episode to empower others on their journey to success in this dynamic industry.

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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay