Episode 49 | How to Find the Perfect Home for Residential Assisted Living

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson shares valuable insights on how to find the right home for a residential assisted living facility. Drawing from his own experiences running two assisted living facilities in different states, Brandon discusses the importance of building a strong business foundation, understanding state-specific requirements, and evaluating the size and features of potential homes. He also answers listener questions regarding room sizes, licenses, and managing mental health populations. The episode includes information about an upcoming live workshop and resources available on the Assisted Living Investing website. 00:00 Introduction to Assisted Living Investing 00:21 Host's Background and Experience 00:56 Finding the Perfect Home for Assisted Living 01:47 Building a Strong Business Foundation 02:39 Evaluating Home Size and Room Requirements 03:57 Understanding State Regulations and Requirements 06:00 Financial Considerations and Profitability 15:04 Special Considerations for Mental Health Populations 17:55 Q&A and Final Thoughts 20:11 Conclusion and Next Steps   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 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 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/aligrantNeed help with your payroll? Get Gusto: https://gusto.com/i/brandon9590 Follow Us: Subscribe to the podcast for more episodes.Leave a review to help us continue bringing you valuable content. Engage with us on our various platforms for further learning and support.Facebook | LinkedIn | X | Instagram