Episode 56 | How to Obtain a License for a Residential Assisted Living Home

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson offers invaluable insights on obtaining a license for your assisted living home, covering Phase Four of a comprehensive five-phase process. The discussion begins with a quick recap of previous phases, including building a business foundation, finding the right property, and securing funding. Brandon delves into the specifics of the three main types of licenses: care homes, residential assisted living, and big box facilities, explaining their differences and what each entails. He highlights the importance of identifying your target population and how this decision impacts the licensing process. Additionally, the episode touches on the nuances of working with private pay versus Medicaid and their respective applications. Brandon also invites listeners to join his mastermind program for further personalized assistance in launching their assisted living business. 

00:00 Introduction to Assisted Living Investing
00:18 Overview of the Five Phases
01:39 Types of Assisted Living Licenses
04:23 Identifying Your Target Population
06:32 Payment Options for Residents
08:09 Upcoming Content and Resources
09:22 Conclusion and Final Thoughts

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

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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