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#279 - Inside the Assisted Living Model That Nets $40K/Month - Brett Chotkevys

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Manage episode 489496902 series 3560253
Content provided by Kirby Atwell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kirby Atwell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Joining us in this episode of Living Off Rentals is someone who is redefining the way investors think about real estate—and doing it in one of the country's most needed and profitable niches.

Brett Chotkevys is the co-founder of Platinum Assisted Living Luxury and the creator of a revolutionary assisted living mansion model that blends top-tier residential luxury with world-class elder care. After flipping 200+ homes, Brett transitioned to developing 16-bed luxury assisted living homes that generate $40,000 in monthly net income per facility.

In this episode, Brett explains how assisted living became the next big opportunity for real estate investors, what sets his model apart, and how he helps others do the same—even with no prior medical background. If you’ve ever considered blending real estate, business, and purpose, you’ll want to hear this conversation.

Enjoy the show!

Key Takeaways:

[00:00] Introducing Brett Chotkevys and his real estate background [03:10] Transitioning from house flipping to assisted living [07:03] Some of the lessons Brent learned from the flipping experience [10:20] Creating the “Assisted Living Mansion” model [14:42] Licensing and zoning considerations by state [17:17] Assisted Living is different from a hospice house [20:11] What it costs to build and how SBA loans make it possible [26:52] The team, staffing, and operations behind the scenes [35:14] Marketing: How to keep a waitlist of residents [36:31] The Strategic 20 [40:36] Brett’s blueprint for those interested in getting started [43:28] Connect with Brett Chotkevys

Guest Links:

Website: https://www.assistedlivingmansion.com/ Instagram: https://www.instagram.com/assistedlivingmansion/

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 489496902 series 3560253
Content provided by Kirby Atwell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kirby Atwell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Joining us in this episode of Living Off Rentals is someone who is redefining the way investors think about real estate—and doing it in one of the country's most needed and profitable niches.

Brett Chotkevys is the co-founder of Platinum Assisted Living Luxury and the creator of a revolutionary assisted living mansion model that blends top-tier residential luxury with world-class elder care. After flipping 200+ homes, Brett transitioned to developing 16-bed luxury assisted living homes that generate $40,000 in monthly net income per facility.

In this episode, Brett explains how assisted living became the next big opportunity for real estate investors, what sets his model apart, and how he helps others do the same—even with no prior medical background. If you’ve ever considered blending real estate, business, and purpose, you’ll want to hear this conversation.

Enjoy the show!

Key Takeaways:

[00:00] Introducing Brett Chotkevys and his real estate background [03:10] Transitioning from house flipping to assisted living [07:03] Some of the lessons Brent learned from the flipping experience [10:20] Creating the “Assisted Living Mansion” model [14:42] Licensing and zoning considerations by state [17:17] Assisted Living is different from a hospice house [20:11] What it costs to build and how SBA loans make it possible [26:52] The team, staffing, and operations behind the scenes [35:14] Marketing: How to keep a waitlist of residents [36:31] The Strategic 20 [40:36] Brett’s blueprint for those interested in getting started [43:28] Connect with Brett Chotkevys

Guest Links:

Website: https://www.assistedlivingmansion.com/ Instagram: https://www.instagram.com/assistedlivingmansion/

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

  continue reading

100 episodes

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