Assisted Living Investing

Deal Maker or Deal Breaker: City Engagement Strategies To Protect Your Assisted Living Investment - Ep 13

September 29, 2023 Brett Chotkevys Season 1 Episode 13
Deal Maker or Deal Breaker: City Engagement Strategies To Protect Your Assisted Living Investment - Ep 13
Assisted Living Investing
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Assisted Living Investing
Deal Maker or Deal Breaker: City Engagement Strategies To Protect Your Assisted Living Investment - Ep 13
Sep 29, 2023 Season 1 Episode 13
Brett Chotkevys

In 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 emphasizes the need to approach city officials, particularly the Planning Department, with precision and clarity. He shares his own experiences with zoning challenges, stressing the importance of clearly describing your project and using residential-sounding terms to avoid immediate classification as a commercial facility. By taking this approach, you can potentially secure a more advantageous zoning classification and avoid unnecessary restrictions. Brett's insights on zoning offer invaluable guidance for anyone considering entering the assisted living industry, ensuring you can make informed decisions and pursue profitable opportunities.

Furthermore, we explore the advantages of widening your search beyond a single city, considering unincorporated areas and county jurisdictions, and using GIS maps to identify suitable properties. This episode equips you with the knowledge and strategies needed to navigate zoning and city regulations successfully, ensuring your assisted living venture is on the path to financial freedom and profitability.

#Investing #RealEstate #FinancialAdvice

Follow our socials!

Facebook: https://www.facebook.com/brett.chotkevys
Youtube:
https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE:
https://www.PALM.University


Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

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

Show Notes

In 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 emphasizes the need to approach city officials, particularly the Planning Department, with precision and clarity. He shares his own experiences with zoning challenges, stressing the importance of clearly describing your project and using residential-sounding terms to avoid immediate classification as a commercial facility. By taking this approach, you can potentially secure a more advantageous zoning classification and avoid unnecessary restrictions. Brett's insights on zoning offer invaluable guidance for anyone considering entering the assisted living industry, ensuring you can make informed decisions and pursue profitable opportunities.

Furthermore, we explore the advantages of widening your search beyond a single city, considering unincorporated areas and county jurisdictions, and using GIS maps to identify suitable properties. This episode equips you with the knowledge and strategies needed to navigate zoning and city regulations successfully, ensuring your assisted living venture is on the path to financial freedom and profitability.

#Investing #RealEstate #FinancialAdvice

Follow our socials!

Facebook: https://www.facebook.com/brett.chotkevys
Youtube:
https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE:
https://www.PALM.University


Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

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