Episode 6 | What’s the Difference Between a Licensed and Unlicensed Assisted Living Home?

We're diving deep into the differences between licensed and unlicensed facilities. Understanding these distinctions is crucial for anyone considering entering the assisted living industry. Watch to learn which type might be best suited for your needs and business goals.

00:00:40:49 - Introduction to the topic

00:00:56:58 - Licensed Facilities Overview

00:01:15:48 - What is a Licensed Facility?

00:02:21:01 - Advantages of Licensed Facilities

00:02:39:25 - Challenges of Licensed Facilities

00:03:19:45 - Staffing Requirements in Licensed Facilities

00:03:39:25 - Unlicensed Facilities Overview

00:03:59:31 - Benefits of Unlicensed Facilities

00:05:13:57 - Limitations of Unlicensed Facilities

00:06:22:37 - Comparing Licensed and Unlicensed Facilities

00:07:21:16 - State Regulations and Trends

00:08:30:18 - Final Thoughts and Recap

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 a free strategy call today: https://urlgeni.us/alistrat

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

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

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