Welcome to "Assisted Living Investing," the ultimate podcast dedicated to helping you thrive in the world of Assisted Living investments. Join your host, Brett Chotkevys, as he shares his expertise and insights into the lucrative realm of assisted living. In each episode, Brett delves deep into the strategies, challenges, and opportunities of investing in Memory Care Mansions. Whether you're a seasoned investor or new to the industry, this podcast offers invaluable guidance and practical adv ...
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Welcome to "The Donkey and the Bee," the ultimate podcast where love, business, and financial freedom converge! Join hosts Brett and Laura Chotkevys, a dynamic couple who have unlocked the secrets to thriving in marriage, entrepreneurship, and finances. With over 17 years of marriage experience, Brett and Laura are more than just partners in life – they're partners in business too. Having embarked on the exhilarating journey of starting and operating four successful businesses together in th ...
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How I Only Have To Work 4 Hours A Week! Investing in Assisted Living! - Ep 58
8:58
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How do I work 4 hours a week through investing? How do you transition from working 40 hours a week to just four? In this video, we explore the steps to reach ultimate time freedom through efficient business management. Discover how you can build a system that allows you to focus on your family, travel the world, and still maintain a profitable busi…
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How to Ask for More Sex in a Relationship: Honest Tips for Men & Women - Ep 52
24:32
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How do you ask for more sex in a relationship without feeling awkward or making your partner uncomfortable? This episode of The Donkey and the Bee gets into the sensitive topic of increasing intimacy in a marriage, particularly from the perspective of men. We explore common questions like: How can a man communicate his sexual needs without seeming …
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The Best Way To Get Financial Freedom Through Real Estate - The Memory Care Mansion Model - Ep 57
8:29
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Are you wondering how to achieve financial freedom through real estate investing? What are the best strategies for entering the assisted living industry? In this video, I break down the methods and steps you need to take to reach your financial goals. Should you start small with a six-bed residential assisted living (RAL), or aim for a larger, more…
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Here Are The 8 STEPS To Become Financially Free! - Ep 51
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How can you achieve financial freedom and create a life where you choose how to spend your time? In this episode of The Donkey and the Bee, Laura and I share the eight essential steps to reach financial independence. If you're looking to surpass your active income with passive income and gain the freedom to decide when to work and when to relax, th…
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Why RAL Is DEAD! - What You SHOULD Be Investing In! - Ep 56
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Why is the Residential Assisted Living (RAL) model struggling? How has inflation impacted the profitability of small home conversions? In this episode of Assisted Living Investing, I explain why the RAL model is dead and how you can adapt to these changes. I discuss the challenges faced by the RAL industry post-COVID. Why have staffing costs increa…
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How To Use Social Media To Make MASSIVE Profit! - Social Media Tips For Business - Ep 50
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In this episode of The Donkey and the Bee, Laura and I explore a game-changing strategy: cutting out social media to achieve financial freedom. Have you ever wondered how social media might be impacting your finances? Are you curious about how a married couple can navigate the world of entrepreneurship and finances more effectively? We share our pe…
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The Most PROFITABLE Business In Real Estate! - How I Make 40K A Month In Assisted Living! - Ep 55
9:56
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Have you ever wondered how you can run a successful assisted living business with just a few people on your payroll? How can you possibly offer all the amenities and services of a big facility with such a lean team? In this episode of Assisted Living Investing, I reveal the secret to maximizing profits while maintaining top-notch care for residents…
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How To Overcome Your Limiting Beliefs! - Stop Sabotaging Yourself And Take Action - Ep 49
21:39
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Ever feel like something is holding you back from reaching your goals? How can you identify and break through those limiting beliefs? Join us in this episode of The Donkey and The Bee with your hosts, Brett and Laura Chotkevys, as we explore the power of overcoming self-doubt and pushing past mental barriers. What does it mean to have a limiting be…
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Creating A Menu System For Your Assisted Living! - Easy Template For Great Meals! - Ep 54
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Are you struggling with creating a diverse and appealing menu for your assisted living? Do you find it challenging to keep your residents happy with their food options? In this episode of Assisted Living Investing, I get into a comprehensive system for crafting an effective chef menu that caters to the unique preferences and needs of your residents…
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Why It’s Okay To Start Poor - Go From Being Broke To Financially Free! - Ep 48
20:23
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Ever wondered how to turn financial struggles into a stepping stone for success? Join us on this episode of The Donkey and The Bee with your hosts, Brett and Laura Chotkevys, as we get into our journey from being broke college kids to achieving financial freedom. We want to tell you why it is okay to start poor. How do you build grit and resilience…
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When Do You Start Marketing Your Business? Create A Waitlist For Assisted Living! - Ep 53
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In this episode of Assisted Living Investing, I discuss the best strategies for marketing your Assisted Living business. When should you start marketing to ensure profitability from the beginning? We answer this crucial question, helping you understand the optimal timing. Is it ever too early or too late to start? Tune in to hear why starting your …
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Ending Toxic Relationships! - How To CUT Bad Influences Out Of Your Life! - Ep 47
20:04
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In today's episode, we discuss a very personal topic. Laura and I have met a lot of people and have built a lot of relationships. Sometimes, you outgrow these relationships and need to move on. Other times, these relationships can be harmful to not just you, but your whole family. We talk about what to do when you find yourself in these situations.…
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Why You Should Target Affluent Customers! - How Rich Customers Will Transform Your Assisted Living - Ep 52
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In today's episode of Assisted Living Investing, I tackle some key questions you might have about running a successful Assisted Living. Why should you want affluent customers? I talk about how charging premium prices for your memory care mansion can make your operations smoother and reduce drama. What's the difference between running low-income and…
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Why Billionaires Love To Work! - Playing The Entrepreneur Game! - Ep 46
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Have you ever wondered why multi-millionaires and billionaires still work? They have all the money they could ever need, so why don't they just hang out on a beach all day? We used to think that was the end goal as well. However, as we continued to grow and learn, we discovered the answer to this question. In this episode, we aim to show you how to…
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How To Hire A Manager For Your Assisted Living! - Who Should You Look For To Run Your Home? - Ep 51
21:43
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Trying to hire your first manager for your assisted living business and feeling lost? Wondering how to find someone who fits your culture and can handle the industry’s challenges? In this episode of Assisted Living Investing, we share our real-life experiences and tips on hiring that perfect manager. From the pros of experienced professionals to de…
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How To Win The Game Of Finances! Easy To Follow Steps On Becoming Financially Free! - Ep 45
26:19
26:19
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In this episode, we talk about our favorite game, the game of Financial Freedom. To be able to play this game, you have to know that it’s a game. Our goal with this conversation is to reframe what financial freedom is in your head. We want you to start playing the system and start your own game of achieving financial freedom instead of just being a…
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Which State Should You Open Up Your Assisted Living? - Learn How To Find Your Market! - Ep 50
19:27
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In today's episode, we're addressing key considerations for anyone thinking about moving across the country to pursue real estate deals, especially in building memory care mansions. What challenges and opportunities come with relocating for a real estate deal? How did we navigate leaving California's high costs and stringent regulations for a more …
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Pushing Your Kid’s Limits! - How Your Children Can Be Successful And Beat Adults! - Ep 44
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Welcome back to The Donkey and the Bee with your hosts, Brett and Laura. In today's episode, we're talking about some important questions about raising awesome kids and giving them a head start in life. Ever wondered how pushing your kids to their limits can help them grow? Or what the real benefits are when kids face obstacles and even fail someti…
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Use This EASY Marketing Strategy To Fill Your Beds For Assisted Living! - How To Use Social Media Effectively! - Ep 49
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In this episode of Assisted Living Investing, I'm breaking down a super important part of our marketing. How do we fill our beds and keep a steady income for our Memory Care Mansion? A huge component of that is how we use social media. You'll see how this transparency helps us maintain a massive waitlist and ensure quick occupancy turnover. Why is …
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How To Have A Great Sex Life! - Keeping Your Marriage Exciting And Healthy! - Ep 43
28:52
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Welcome to another episode of The Donkey and The Bee! Have you ever wondered how to create opportunities for intimacy in your busy schedules? Or why open conversations about sex are so important in a relationship? What about how prioritizing sex can even prevent divorce? In this episode, we talk about these crucial questions and provide practical t…
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How To Buy Land To Build Your Own Assisted Living! - Learn How To Start A Luxury Assisted Living! - Ep 48
18:13
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In this episode of Assisted Living Investing, we're answering the big question: How do you find the right piece of land for your assisted living project? We'll explore the best strategies for purchasing different types of land that you can build your Assisted Living on . If you're wondering how to pick the perfect spot to build your dream project, …
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What Is Real Success And Wealth? - The Difference Between Looking Good And Being Good - Ep 42
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Ever wonder if you should focus on looking successful or actually being successful? In this episode of The Donkey and The Bee, we dig into how trying to look good on the outside can mess up your finances. Have you felt pressured to keep up appearances but know it's hurting your bank account? We share our own story of going broke and what we learned…
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What Are The Biggest Challenges In Assisted Living? - How To Overcome Obstacles To Open Up Your Assisted Living! - Ep 47
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Ever wondered what it really takes to manage a successful Assisted Living Business? Feeling nervous about starting your own life-changing deal? In this episode of Assisted Living Investing, I’m chatting with my wife and business partner, Laura, about just that. We talk about overcoming initial fears, the importance of mindset, and how to handle the…
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Building A Team For A Winning Relationship! - The Co-Captain & Cheerleader Roles In A Marriage - Ep 41
20:42
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In this episode of "The Donkey and the Bee" podcast, Laura and I chat about the tricky balance between marriage, entrepreneurship, and financial goals. Ever wonder how to juggle your business and family life without dropping the ball? Curious about how you and your spouse can truly support each other while chasing big dreams? What’s the deal with t…
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Why Debt Free IS NOT That Great! - What Should Be Your REAL Financial Goal? - Ep 40
18:31
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In this episode of "The Donkey and The Bee," Laura and I discuss the topic of debt. You've probably seen those "Debt-Free" parties and posts all over social media, where getting out of debt seems like the ultimate goal. But we're here to shake things up a bit and say that's not the only thing you should be aiming for. Instead, why not shoot for big…
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How To Find Investors For Your Assisted Living! - The Key To Raising Money! - Ep 46
18:44
18:44
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In this episode of Assisted Living Investing, I talk about investors for your Assisted Living business. I break down the two types of investors, how to approach them, and the best ways to impress them. The first question I answer is: what are the two types of people that can be potential investors? Depending on what kind of person they are, how do …
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Build A New Construction or Buy A Home - Which Is Better For Assisted Living? - Ep 45
19:46
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In this episode of Assisted Living Investing, I discuss New Construction vs. Buying an Existing Home. When starting an assisted living facility, which option is better? I have had success with both, and each comes with its unique pros and cons. When comparing New Construction Assisted Living to Remodeling an Existing Home, I use six metrics to asse…
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Skills That YOU NEED To Become Rich! - How To Leverage Your Experience To Earn More Money! - Ep 39
23:55
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How can you transform your career trajectory and increase your earnings by not just settling for a small pay increase but by acquiring skills that make you indispensable in the marketplace? In this episode of "The Donkey and The Bee," we explore the pivotal question: What skills do you need to significantly boost your income? Oftentimes, we see peo…
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Where Should You Build Your Assisted Living? - Strategies For Building In A Competitive Market - Ep 44
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In this episode, I discuss choosing the location for your Assisted Living. Whether you're operating a Residential Assisted Living (RAL) or a larger facility, one of the most crucial aspects of a successful Assisted Living is its location. It's essential to see if there's a viable market for your Assisted Living in the desired area before proceeding…
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Picking Up The Slack For Your Spouse! - Why Relationships ARE NOT 50/50! - Ep 38
22:55
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In this episode, we talk about how marriages aren’t always 50/50. We are made to believe that marriages should be perfectly equal. Each partner should put the same amount of effort into the relationship. While that is good to strive for, it is heavily unrealistic to be 50/50 at all times. There can even be years of a relationship where it seems one…
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How To Find The Right Partners For Your Assisted Living: Creating The Dream Team Of Investors! - Ep 43
19:13
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In this episode of Assisted Living Investing, I talk about the team you should assemble in order to make your Assisted Living business possible. I’ve heard multiple people in this industry say they don’t want a partner because they want to own 100% of the business. I’m here to tell you that train of thought is flawed. Having a team makes pursuing…
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How This Codeword Changed My Life! - Supporting Your Spouse Through Rough Times - Ep 37
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In this episode of "The Donkey and the Bee," Laura and I discuss the importance of being there for each other. We reflect on a time in our marriage when we were younger and still immature. I struggled with alcohol, which had a significant hold on me. I used to feel like I had to get drunk every time we were with friends, at a party, or attending an…
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How You Can Have The Best Assisted Living Business! - Learn The Three P’s! - Ep 42
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In this episode, we break down what makes an Assisted Living business successful. This allows me to pay more than the industry standard to my caregivers, make $40,000 a month, and only work a few hours a week. This is because of my Three P’s. In this episode, I talk about the Product, Process, and People that go into an Assisted Living and how thes…
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Creating A Financial Plan! - Create A Plan To Replace Your Income And Retire Early! - Ep 36
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In this episode, we talk about the importance of having a financial plan. This conversation was brought up because one of our friends' spouses is ready for retirement. However, unfortunately, their spouse hasn’t really saved anything or invested despite having a very high income for many years. They have no assets or anything. This is why creating …
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Turning Your Home Into An Assisted Living! - How To Convert Your Home Into A Memory Care Mansion - Ep 41
28:29
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In this episode, I break down converting your home into an Assisted Living. This is something I’m sure we’ve all heard about before, people converting their garage into a bedroom and having a 6-bed Residential Assisted Living. However, I don’t think the small RAL really works anymore. You can’t have a ton of profit running a small RAL, you will be …
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How You Can Become Rich! Learn The Priorities Of Wealthy People! - Ep 35
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In this episode of The Donkey and the Bee, we talk about setting your priorities for your financial goals. There are three main financial priorities we discuss: security, comfort, and riches. Throughout our financial freedom journey, we have prioritized all of these, and we noticed that it correlates a lot to where you are financially. Laura and I …
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A MASSIVE Loan For Your Assisted Living! How I Signed 1800 Page Loan Docs! - Ep 40
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In this episode of Assisted Living Investing, I talk about securing a substantial loan for my Assisted Living Memory Care Mansion. Raising capital is something I am both very experienced in and passionate about. I break down the largest loan he has ever taken, which required me to sign 1,800 page loan docs! I discussed the three loans he acquired f…
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Should Your Kids Come Before Your Spouse? - Great Marriage Leads To Great Kids! - Ep 34
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In this episode of The Donkey and the Bee, Laura and I talk about putting the marriage first. It's widely understood that parenting involves significant sacrifices. As a parent, you should always make sure your kids are healthy, safe, and loved. However, this shouldn’t come at the expense of the marriage. A rock-solid marriage is the most important…
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My Builder Quit! - How To Recover From Setbacks When Building An Assisted Living - Ep 39
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In this episode, Brett talks about his new construction for his Assisted Living Memory Care Mansion Neighborhood! Brett always says the best way to learn is through mistakes. That is no different here. After Brett put tens of thousands of dollars and months of work into it, his builder sold the project at the last minute to another builder with no …
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What Happens When You Outgrow Your Friends - Finding People That Help Your Growth - Ep 33
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In this episode, Brett and Laura talk about growing away from their friends. This is something that we’ve all gone through. Maybe after high school or college, you slowly drift away from your close friends and don’t really communicate with them anymore. A lot of times, people see this as a sad thing. However, Brett and Laura say this isn’t inherent…
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Everything You Need To Know About Licenses For Assisted Living! - Interview With Texas Commissioner! - Ep 38
24:30
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In this special episode of Assisted Living Investing, Brett Chotkevys is joined by John Darby who is the Executive Director of TORCH. Together they interview the Associate Commissioner of Long Term Care Regulatory, Michelle Dionne-Vahalik. Essentially, Michelle runs the show here for Texas Licensure. Brett and John interviewed Michelle so they coul…
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How Much Money Do You Need To be Financially Free? The Trick To Replacing Your Income! - Ep 32
28:22
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28:22
In this episode, Brett and Laura talk about their financial freedom number. When people hear "financial freedom," their first thought is being rich. However, that’s not what being financially free means at all. The whole point of financial freedom is to reach a point where you don’t have to sacrifice your time for money. If you have a very high-pay…
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How To Train Your Managers For Your Assisted Living! - Gain Financial Freedom Through Our Management System! - Ep 37
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In this episode, Brett Chotkevys talks about training your managers for your Assisted Living. As he’s talked about in previous episodes, his managers are one of the most important components of his business model. By having a two-manager system, Brett ensures that he never has to deal with the day-to-day work in his Memory Care Mansion. In fact, Br…
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How To Raise Good Adults! - Teaching Your Kids Responsibility At An Early Age! - Ep 31
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In this episode, Brett and Laura discuss teaching their kids responsibility. The most important thing Brett and Laura do as parents is that they treat their kids like adults. By treating them as such, they are able to grow and adapt quickly to the responsibilities and tasks given to them. A very common thing Brett says is, "A parent's duty is to te…
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Kicking Residents Out Of Your Assisted Living! - The Process and Steps To Do It Right - Ep 36
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In this episode of Assisted Living Investing, Brett Chotkevys brings his wife, Laura, onto the show! Laura handles a lot of the operations at their Memory Care Mansion. Because of that, Brett thought it would be beneficial to have her on the show to talk about a very tough issue when running an assisted living. The issue is when you have to kick ou…
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Breaking Out Of A Dead-End Job! - How To Invest In A New Niche - Ep 30
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In this episode, Brett and Laura Chotkeys talk about starting a new niche! It is very common for people to feel like they are stuck with their professional careers. Maybe they think they don’t have the skills or knowledge to explore a new niche. Maybe they think the barrier of entry is too high. However, Brett and Laura fully disagree with the sent…
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How To Hire The PERFECT Chef For Your Assisted Living! - Full Hiring Process Walkthrough - Ep 35
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In this episode, Brett Chotkevys talks about hiring the perfect chef for your Assisted Living. A chef is an extremely vital part of any Assisted Living community. When you hear about the next big-boxed facilities, one of the most common complaints is how bad the food is. That is the pain point that Brett wanted to solve. As Brett always says, the b…
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Limit Your Children’s Screen Time! - How Social Media Is Hurting Your Kids! - Ep 29
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In this episode, Brett and Laura Chotkevys discuss screen time! If you have kids, you know how much social media has integrated with their lives. Social media apps like TikTok and Instagram's largest demographic of users are under the age of 18. Nowadays, it’s their way of sharing pop culture and learning about world events. However, a very scary r…
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Generate INFINITE Leads For Your Assisted Living! - How To Keep Your Beds Full! - Ep 34
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This episode comes from one of our Free Virtual Assisted Living Workshops that we host every month. In this episode, Brett talks about marketing, more specifically, how to get infinite leads for your Assisted Living without spending a dollar on marketing. This is a custom marketing strategy that Brett and Laura created when they learned how bad mar…
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Stop Celebrating Valentine's Day! - How To Show REAL Love To Your Partner! - Ep 28
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In this episode, Brett and Laura talk about Valentine’s Day. Brett points out early on that Valentine’s Day is just a way for big companies to charge you more money, social media to put stress on the relationship, and other outside factors trying to tell you how you should love your partner. That is why Brett and Laura have never celebrated Valenti…
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