Episode 125 | Unlocking the Secrets to the Perfect House for Unlicensed Care Homes
In this episode of The Assisted Living Investing Podcast, host Brandon Gustafson dives deep into unlicensed care homes as a potential entry point for those new to assisted living. Drawing from his own experience operating facilities since 2020, Brandon breaks down how these smaller, license-free homes work, the regulations you still need to follow, and what makes them a unique opportunity in todayβs market.
00:00:00 β Introduction
00:00:16 β Topic Introduction: Unlicensed Care Home Secrets
00:01:10 β Facility Size & Home Requirements
00:02:08 β Pricing & Profitability Realities
00:02:40 β Home Layout Considerations: Stairs
00:03:36 β Solutions for Stairs & Accessibility
00:03:53 β Summary of Ideal Home Features
00:04:35 β Bedroom Requirements & Regulations
00:06:05 β Verifying Local Requirements & Renovations
00:07:04 β Certificate of Occupancy & Zoning
00:08:43 β Zoning Permitted Use & Application Process
00:10:05 β Homeowners Associations (HOAs) Challenges
00:12:43 β Should You Start an Unlicensed Care Home?
00:13:53 β Occupancy & Financial Realities
00:16:56 β Caution Against Rushing In
00:19:30 β Closing Remarks & Call to Action
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
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