Jun 8, 2022

Isabelle Smith has been in the homebuilding industry for many years. Steve shares his insights into the current market conditions and how they’re impacting his job. He talks about how technology is changing the construction industry, and how this is impacting the quality of homes being. He shares that his company has to talk to their investors about price increases, as well as how rents are increasing in the market. Steve has a lot of great advice for homebuilders and we hope you enjoy the episode!

Isabelle Smith is a real estate investor and entrepreneur who helps people figure out how to be entrepreneurs in the assisted living space. Isabelle has experience working in this field for several years and has found that there are many challenges to be faced when operating in this industry. She advises people to start with a facility and then teach others how to do it so they can build up their equity and cash flow. She shares that there are many ways to find a licensed  manager, and communication with other homeowners is important in this industry. Isabelle has a lot more to share about looking for placement agents and we hope you enjoy the episode!

[00:00 - 05:52] Opening Segment

• Introducing Isabelle to the show
• Isabelle talks getting long-term low impact tenants
• Focusing on the residential side of assisted living 
• She teaches how to own real estate and make a passive income

[05:53 - 16:49] Communication and Setting Expectations with the Families

• Isabelle teaches a way to make money from assisted living business
• How the business model of assisted living can be done anywhere
• Caregivers should trained in order to effectively run a home
• Adding elevators or chair lifts into a home makes it more accessible and suitable for seniors
• It is important to communicate with the family and set expectations from the beginning

[16:50 - 22:18] Niching Down With The Median Income

• Isabelle tells us that since the pandemic, there was a massive increase of seniors who flocked to homes
• It is important to be aware of the different costs associated with running a home
• She tells us to niche down to an area with a specific median income is important in order to avoid overcharging seniors

[22:19 - 24:54] Closing Segment

• Isabelle shares to us her 3-day training program where you will be working with her coaches
• Learn more about Isabelle on her links below!

Quote/s:

“Doing that demographic research to find out what is actually being charged in your area is vital because what's being charged in San Francisco is completely different than Stockton.” – Isabelle Smith

You can connect with Isabelle through Website, TikTok, Instagram, and Facebook

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Or send me an email at sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

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