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How Much Money Can You Make Owning An Assisted Living?: 8-Bed vs 16-Bed - Ep 27
Manage episode 393686426 series 3491895
Brett Chotkevys द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Brett Chotkevys या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
In this episode, Brett Chotkevys talks about how profitable owning an Assisted Living can be. Brett’s home is a Luxury 16-bed Memory Care Mansion. This business model has created a life of financial freedom for him and his family. Oftentimes, however, when people talk to Brett about starting their own Assisted Living business, they say that a 16-bed seems a little intimidating and wouldn’t it be easier to open an 8-bed and then open a second 8-bed later on? Brett goes through the numbers and compares the profits between a single 16-bed and two 8-bed assisted living.
While they will make the same amount of money when it comes to rent every month, you will see the difference between the 8-bed and the 16-bed when it comes to expenses. From having to pay more staff and having more operational costs to run two 8-beds, you see a drastic difference in net profit due to the higher operating costs such as payroll.
If you want to learn more about how Brett started his own Memory Care Mansion, then check out our Free Foundations Training!: https://palm.university/optin-freecourse
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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
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