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Why You Should Target Affluent Customers! - How Rich Customers Will Transform Your Assisted Living - Ep 52
Manage episode 426114070 series 3491895
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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 high-income care homes? We'll explore how affluent customers bring less drama, fewer lawsuits, and more reasonable expectations, making your job easier.
How does having financially prepared customers impact your business? We’ll talk about why offering top-notch amenities like private rooms, chefs, and salons can justify higher prices and attract the right clientele. Why is location so important for attracting affluent clients? We'll share real-life examples from our experience building luxury memory care mansions to highlight how the right location and amenities can draw in the best customers.
How can offering high-quality amenities and choosing the right location make a difference? How does your clients' financial preparedness affect your business? Discover the answers to these questions and more in this episode. Subscribe for more tips on building and managing successful assisted living facilities!
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Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
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