Episode 144 | Assisted Living Costs EXPLAINED (Top Expenses You Need to Know)

Summary In this episode of the Assisted Living Investing podcast, Brandon Gustafson discusses the top expenses associated with running an assisted living business, encapsulated in the acronym WeFUD: Wages, Insurance, Food, Utilities, and Debt Service. He emphasizes the importance of understanding and managing these expenses to ensure profitability and success in the industry. The episode provides insights into each expense category, offering practical advice for new investors.

Chapters

00:00 Introduction to Assisted Living Investing

00:28 Understanding the WeFUD Expenses

01:25 Wages: The Largest Expense

03:54 Insurance: Protecting Your Business

04:47 Food Costs: Feeding Residents Efficiently

06:37 Utilities: Managing Essential Services

08:19 Debt Service: Understanding Your Financial Obligations

10:05 Conclusion: Mastering Your Expenses

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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