Lessons Learned From a Group Home Veteran
Albert has been in the game for almost 10 years, and as expected he packs this episode with knowledge that you absolutely need to hear if you want to be a Group Home entrepreneur yourself.
Through his experience in the medical field, he was fortunate enough to meet a mentor/partner who had started out running “care homes”.
Just as we teach in FREE 10-PART COURSE if you’re on a tight budget, they started out by leasing their first couple of properties.
We talk about how Albert pitched them, some negotiating points, and why ultimately we believe you should eventually want to operate your homes using what we call “The McDonald’s Method”.
**HINT** McDonald’s #1 Revenue Generating Activity is NOT selling food 😉
One of the many advantages of this industry is that once you learn the fundamentals, there are so many different routes you can take. Licensed homes, unlicensed homes, Real Estate Investing, providing services, and a number of different demographics that you can serve.
While we prefer to focus on the business side of things like marketing, networking, outsourcing, and systems to scaling, you can tell that Albert is truly energized by helping his tenants/clients and likes to be more hands on. He has some amazing pointers on providing great service, building relationships, and some pretty entertaining stories from the frontlines as well.
Even though his personality, like most in the medical field, is that of the “caretaker” with traits like generosity, empathy, self-sacrifice, compassion and service, he has also learned over time to be an astute businessman, basically falling into the position of a successful Real Estate Investor.
On the backend of his business he is building up equity in his investments, tax advantages, and looking into larger multi-family projects in the future!
Make sure to LISTEN HERE, grab your pen and take some notes! If you gain some value don’t forget to subscribe and drop an honest review about what you think!
If you’re ready to get started, with no license, no experience, little to no money, and STILL be up and running in the next 30 – 60 days then sign up for our FREE 10-PART COURSE if you haven’t already.
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