Assisted Living Mastery with Doug Fullaway

Listen to the Episode (24:27)

Let’s do a deep dive into a very profitable investment field that a lot of people don’t think about, assisted living. Doug Fullaway is the CEO of FourteenPlus LLC, a big player in the growing senior market. Doug has a passion for caring for those in need of assisted living and has built a profitable model to see that passion through. Senior Living operational excellence has been the focus of his work and as such he also developed a business simulation tool that is still used to teach senior living at leading universities. He is also the author of Investing in Senior Living.

[00:01] – [04:38] Opening Segment

Let’s get to know today’s guest, Doug Fullaway
Doug’s background – the journey to investment

[04:39] – [12:50] High Level Value Add

What Doug learned from his missteps
Doug’s value add advantage in the assisted living space
Value add tips within assisted living

[12:51] – [22:20] Assisted Living Mastery

Rules how to underwrite acquisition opportunities
Why people are selling without hitting their returns
Resources that can help you
- Links below

[19:06] – [21:22] Final Four Segment

Kevin’s advice to aspiring investors
- Don’t be afraid of risk after you do your homework
How he stays on top of his game
- Every book I can find on this industry
His way to make the world a better place
- Investing in behavioral health and treatment
Reach out to our guest– see links below
Final words

Tweetable Quotes:

“This is a business about taking care of people, it’s about hospitality, it’s about genuinely caring about them; and because of that, as you get bigger, you become more institutional you forget that.” – Doug Fullaway

Resources Mentioned: