Premium Only Content

Could my Rental House be an Assisted Living Residence? with Chuck Bongiovanni
What other things can you do with your property aside from turning it into a short-term rental property? For example, did you know that it's possible to turn it into an assisted living residence? Let's hear the details from someone who has developed the system to do this kind of thing.
In this episode, Joey and Russ interview Chuck Bongiovanni, CEO and Co-Founder of Majestic Residences Franchise System, a senior residential care home franchise. Chuck was the founder of CarePatrol Franchise Systems in 2009, the largest franchised senior placement company. Today's conversation will give you a different perspective on real estate investing.
Top 3 Things You’ll Learn:
Why assisted living is a profitable business
The benefits of being a franchisee of Majestic Residences
Understand the pros and cons of engaging in this type of business
About Our Guest:
Chuck Bongiovanni is currently CEO and Co-Founder of Majestic Residences Franchise System, a senior residential care home franchise. Chuck was the founder of CarePatrol Franchise Systems in 2009, the largest franchised senior placement company. He has an Administrative Social Work background, making him a pioneer in the senior placement and referral industry for the last 29 years.
Connect with Chuck Bongiovanni:
Website - https://www.discovermajesticresidences.com/
Take Advantage of a Free Financial Strategy Call:
https://go.wealthwithoutwallstreet.com/free-financial-call
—
4:00 - What was going on in Chuck's mind as he was in the middle of bankruptcy?
4:45 - What led to the foreclosure of Chuck's property?
5:31 - What was the next step for Chuck after his bankruptcy?
7:18 - What is an assisted living home?
8:32 - How does one become a lessor for Majestic Residences franchisee, and where did this idea come from?
9:28 - What does the accountability look like for a Majestic Residences franchisee?
10:05 - What rate of return can a real estate investor expect when he leases the property as an assisted living home?
11:20 - What do Majestic Residences franchisees get from taking this business route?
14:31 - What is the estimated revenue from running a 3-bedroom assisted living home?
18:19 - What are the city limitations regarding turning a property into a business facility?
19:16 - Is there any limit to the number of people that can stay in the house?
20:01 - What's the downside to renting your property to an assisted living franchisee?
21:17 - What does a typical day look like for a franchisee?
22:21 - What is the ideal number of homes a franchisee can have to make a decent living?
23:37 - Is our house a good house for this type of business?
26:03 - What is the average stay of a tenant in an assisted living home and the average time to fill a vacant bed?
26:34 - Chuck describes Majestic Residences as high-tech facilities. What does it mean?
27:53 - Is this market saturated? What is the demand and supply forecast?
28:59 - Where does someone go to find out the city or state regulations for this setup?
-
🎧 #ListenNOW to the full episode of the podcast here 👉
www.wealthwithoutwallstreet.com/podcast/could-my-rental-house-be-an-assisted-living-residence-with-chuck-bongiovanni
-
🔥 Check out our Top Rated podcast Wealth Without Wall Street 👉 https://www.wealthwithoutwallstreet.com/podcast
Don't forget to subscribe to our YT channel by clicking the subscribe button so you can be notified each time we post new episodes weekly!
https://www.youtube.com/c/WealthWithoutWallStreet
-
Join our private community built for passive income seekers: https://www.wealthwithoutwallstreet.com/community
Take advantage of a Free Financial Strategy Call TODAY! https://www.wealthwithoutwallstreet.com/freecall
Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/path
-
#WealthWithoutWallStreet #infinitebanking #FinancialFreedom #InfiniteBankingConcept #IBC #InfiniteBankingSystem #FinancialindependenceRetireEarly #FIRE #money #entrepreneurship #PersonalFinance #Financialindependence #PassiveIncome #business #investing #Investment #RoundTable #Podcast #Podcasting #PodcastShow #PodcastGuest #PassiveIncomeIsReal #PassiveIncomeStream #FinancialStrategy #FinancialEducation #FBreels #instagramreels #Shorts
-
LIVE
The Jimmy Dore Show
51 minutes agoWS Journal Publishes SALACIOUS Trump Letter to Epstein! Colbert’s Show CANCELED! w/ Kyle Anzalone
10,090 watching -
1:21:02
vivafrei
3 hours agoLive with Vince Coglianese! Not Just the Epstein Stuff... Let's Talk About Some Trump Wins!
66.9K20 -
LIVE
Roseanne Barr
4 hours agoThe Beast System: Chrislam & UN 2030 | The Roseanne Barr Podcast #107
1,836 watching -
LIVE
Nerdrotic
2 hours agoLate Night CANCELLED, Taika WOKEtiti DREDD, Absolute STATE of Superheroes! | Friday Night Tights 363
2,083 watching -
LIVE
Dr Disrespect
5 hours ago🔴LIVE - DR DISRESPECT - NEW AAA BATTLE ROYALE ON UNREAL ENGINE 5 #OTG #OFFTHEGRID
3,497 watching -
LIVE
Barry Cunningham
3 hours agoWATCH LIVE: PRESIDENT TRUMP SIGNS LAWS ON CRYPTO AND ENDS NPR, PBS, & USAID!
1,297 watching -
44:02
The White House
2 hours agoPresident Trump Participates in a Signing Ceremony for S.1582 GENIUS Act
21.3K13 -
LIVE
LadyDesireeMusic
1 hour ago $0.04 earnedLive Piano Renditions | Make Ladies Great Again | Live Piano Requests TONS to choose from
120 watching -
4:13:45
Viss
5 hours ago🔴LIVE - Winning with Tactics & Outplay The Competition - How To With Viss!
5.69K1 -
1:09:46
Jeff Ahern
2 hours ago $0.20 earnedFriday Freak out with Jeff Ahern
12.9K7