Assisted Living Investing

Maximizing Assisted Living Profits: The Path To Six-Figure Monthly Income - Ep 16

October 20, 2023 Brett Chotkevys Season 1 Episode 16
Assisted Living Investing
Maximizing Assisted Living Profits: The Path To Six-Figure Monthly Income - Ep 16
Show Notes

In this episode, Brett Chotkevys has his sights set on making some serious six-figure monthly income. At his memory care mansion, He is able to bring in a profit of $500K a year with his business model. And now, he's here to let you in on the secrets to achieve similar results. Sure, you can cut costs, but he firmly believes that the magic lies in increasing income. You can only cut your expenses so low, but you can always increase your income.

First and foremost, Brett emphasizes the importance of choosing the right location. He's talking about those upscale areas where people can comfortably afford higher rents. Yes, it might mean a bit more upfront investment, but that extra $1,200 in property costs can easily translate into a whopping $10,000 more in monthly net profit.

In the second part of the podcast, Brett will shift the focus to the service aspect. He'll reveal how to target a different demographic. Those who need more care can lead to charging higher rents. Don't forget to match your license to the level of care you provide.

Through these strategies, Brett has managed to generate substantial income while still finding time to spend with his family. After all, financial freedom isn't just about th numbers; it's about enjoying life.

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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