380: Why One Assisted Living Mansion Beats Ten Rental Properties with Brett Chotkevys

In this episode, Jonathan Greene and Brett Chotkevys explore assisted living as an alternative to traditional rental property investing and explain what it takes to build and operate a successful assisted living business. Brett shares why the people who thrive in this industry often have entrepreneurial experience, business skills, or a genuine desire to make a difference in the lives of seniors.

They also discuss how the right operating structure can give owners more freedom without sacrificing quality of care. Brett explains how his 16-resident mansion model uses two managers to provide consistent coverage, support caregivers, and reduce the owner’s involvement in daily operations.

The conversation also explores how middle-class couples can enter assisted living development through strategic financing. Brett breaks down how SBA 7(a) loans can finance both the real estate and the operating business, allowing investors to combine personal savings, property equity, and outside capital to develop a multimillion-dollar assisted living facility.

In this episode, you will hear:

• What makes someone a good fit for owning and operating an assisted living business
• Why successful assisted living operators need the right mindset, business skills, and commitment to resident care
• How a two-manager staffing structure can create more operational flexibility for owners
• Why private-pay, high-end assisted living models can support stronger staffing and management structures
• How SBA 7(a) financing can help middle-class couples develop assisted living facilities without needing millions in personal capital

Connect with Brett Chotkevys