In this episode of The RAL Room Assisted Living Podcast, hosts Charlie Cameron welcome Brett Chotkevys, the visionary behind the Memory Care Mansion model. Brett shares his incredible journey from flipping houses to building luxury residential assisted living communities.
Starting without any medical background, Brett developed a scalable model that bridges the gap between the cozy feel of small RALs and the amenities of larger facilities. His Memory Care Mansion business generates over $500,000 annually while requiring only a few hours of his time weekly, and he’s passionate about teaching others to replicate this success.
Brett emphasizes that you don’t need to be an expert to start—you just need determination, a willingness to learn, and a clear vision.
Key Points:
- From Real Estate to Assisted Living: Brett explains how his background in flipping houses helped him transition into the assisted living industry.
- Identifying Market Gaps: Brett shares how he saw the need for a model that combined the personal touch of small RALs with the amenities of larger facilities.
- The Memory Care Mansion Model: Learn about Brett’s innovative 16-bed homes that offer a boutique experience for residents while being highly profitable.
- Building Financial and Time Freedom: Brett discusses the systems he implemented early on, enabling him to spend only a few hours weekly on operations while ensuring residents receive exceptional care.
- Financing and Growth: Brett details his journey of leveraging private Money, SBA loans, and partnerships to fund and scale his operations.
- Empowering Others: Brett’s passion is helping others replicate his success through strategic Education and mentorship.
Connect with Brett Chotkevys:
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Dr. Alex Schloe is a husband, father, multifaceted real estate investor, entrepreneur, and Air Force family medicine physician who helps physicians unlock financial freedom in the hospital and at home through real estate investing and entrepreneurship. As the host of the Physicians and Properties Podcast and co-host of The RAL Room Assisted Living Podcast, Alex shares actionable insights on building wealth, creating impact, and designing a life of purpose. Him and his partners have a goal to open 100 RAL homes by 2027.
