Episode 83 | The Most Difficult States to Start an Assisted Living Business
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides listeners through the complexities of launching an assisted living business, particularly in highly regulated states like California, New York, and Virginia. Brandon shares his expertise, covering topics such as the most difficult states to start an assisted living business, the impact of politics and regulations, staffing requirements, and facility codes. He provides practical strategies for navigating the lengthy licensing process and emphasizes the importance of meticulous paperwork, early application submissions, and networking with other operators. Brandon also discusses the use of AI for creating policies and procedures.
00:00 Introduction to Assisted Living Investing
00:23 Challenges in Different States
00:51 Free Resource for Business Plan
01:20 Host's Background and Experience
02:23 Top Five Most Difficult States
04:54 California, New York, and Virginia
06:34 Understanding State Regulations
09:10 Staffing Requirements and Background Checks
10:36 Facility and Building Codes
12:03 Licensing Timeline and Process
17:02 Certification Requirements for Caregivers
17:40 Navigating Policies and Procedures
18:19 Licensing Fees and Approval Process
19:01 Challenges in Certification Timelines
20:12 Starting with Unlicensed Care Homes
21:11 Strategies for Navigating the Process
23:05 Working with Consultants and Experts
25:07 Importance of Meticulous Paperwork
25:53 Networking with Other Operators
27:52 Q&A Session
28:11 Using AI for Policies and Procedures
33:11 Conclusion and Resources
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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