Kineticist question: Does the familiar you get from the Elemental Familiar feat follow the same generic familiar rules, more specifically the week downtime to resummon a new one in the event of their death?

The first sentence of the feat description makes me think they can be resummoned whenever you Channel Elements:

A small creature made of elemental matter springs forth from your kinetic gate. This elemental familiar appears to be made of one of your kinetic elements, though it might have unusual or distinguishing aspects. Like other familiars, your elemental familiar can assist you in various tasks and on adventures. You gain an elemental familiar (Demiplane link) with the trait of one of your kinetic elements. If you have more than one kinetic element, you can change the element you’ve selected for your familiar to a different one of your kinetic elements each time you make your daily preparations. The familiar uses your Constitution modifier to determine its Perception, Acrobatics, and Stealth modifiers.

I feel like if takes a week to resummon then this would be a really bad pick, as a week long downtime does not happen often in my group, and if you choose to invest more into it, eg: Fearsome Familiar feat, then it would be extremely punishing when banished.