Real Estate Hustlers’ Post

How Operational Efficiency Forces Appreciation in Multifamily with Jered Sturm Episode 155 of Zen and the Art of Real Estate Investing is out everywhere you listen to podcasts! Listen → https://lnkd.in/esbTfG-8 It may not be the first thing that comes to mind when you consider real estate investing, but those with training in the trades have a unique advantage as investors. They understand the day-to-day expenses of maintaining and running an asset better than most. On this episode of Zen and the Art of Real Estate Investing, Jered Sturm joins Jonathan to discuss his real estate investing venture in the Cincinnati, Ohio, area. Jered is the co-founder and CEO of SNS Capital Group, a private equity investment firm specializing in creating wealth through real estate. SNS Capital focuses on acquiring and operating large apartment communities. SNS Capital uses operational efficiency to force appreciation in these multifamily properties. As they open their conversation, Jonathan and Jered delve into Jered’s first exposure to real estate in high school, the competitive advantage his natural affinity for trades gave him, and how a house hack helped him jumpstart his real estate investing career. Jered shares why the first few purchases he made were with cash, the challenges he experienced as he moved into larger-scale multifamily apartment buildings, and the benefits of having a successful track record before he began borrowing. Jered shares the biggest transition point in his career, the importance of understanding your competitive advantages, and the capacity you can handle on your own before hiring a team. He reveals the two components he looks for before purchasing value-add assets, how to evaluate properties for improvements they need that could force appreciation, and Jered’s reasoning for not hiring outside property management. Finally, Jered explains why he focuses on the Cincinnati market and how remaining process-focused instead of percentage-of-growth-focused benefits his business. If you’ve ever wondered if knowledge of the trades can help you start a real estate investing career, Jered Sturm’s story offers a resounding “yes.” #multifamilyinvesting #apartmentinvesting #realestateinvesting

How To Build a Real Estate Portfolio From Scratch with Leka Devatha Episode 104 of Zen and the Art of Real Estate Investing is out everywhere you listen to podcasts! Listen → https://lnkd.in/dZNYgxG8 While most new investors maintain their full-time jobs, sometimes, you have to take the more radical step of leaving the corporate world behind. On this episode of Zen and the Art of Real Estate Investing, Jonathan’s guest is Leka Devatha, a Seattle-based real estate developer and broker. Leka’s company, Rehabit Homes, focuses on residential redevelopment. Over the past decade, she’s spearheaded hundreds of transactions, developing more than $50 million in real estate. Jonathan recently met Leka in Orlando, where she co-hosted the Bigger Pockets Conference, and they participated in a panel together. You’ll hear Leka’s recent experience with squatters in a million-dollar property and how she evicted them, why she left her corporate job to kick off her investing career, and when she realized she would never return to the corporate world. Leka also explains the difficulties of becoming a house flipper, why Seattle is still a profitable investing market, and how ADUs are impacting it. Finally, she outlines the importance of hiring a trustworthy crew, where new investors should focus their energies, and the community and relationships created by participating in meetup groups. Jonathan and Leka’s conversation is lively and fun, and it’s one you won’t want to miss if you’re excited about flipping properties. In this episode, you will hear: • Leka Devatha’s recent experience with squatters in her million-dollar property and the negative feedback she received on social media • Her first exposure to real estate and what drew her to the idea of real estate investing • Why Leka had to leave her corporate job to begin her real estate career • Her realization that she’d never have to return to the corporate world • Leka’s biggest piece of advice for people who want to be coached or mentored in this business • The hardest part of being a house flipper • What makes Seattle a challenging yet profitable market • Why Leka stopped doing flips for a while, and where she placed her focus • The differences between flipping and multifamily properties • How ADUs are impacting the Seattle market and the versatility they offer • Her multifamily syndication deals and why they aren't her favorite properties • The importance of hiring a crew you can trust • Where new investors should focus their energy right now • The two meetups Leka hosts, who they’re for, and the community they offer the attendees #realestateinvesting #rentalproperties #realestateinvestors

Today we celebrate our 200th episode of the Commercial Real Estate Investing From A-Z podcast, I will share some of my most recent learnings and observations, some are in mindset, some are related to real estate investing. Listen to the episode: https://buff.ly/3LpeTZX Read the entire interview here: https://buff.ly/3WlzMvp Watch and subscribe to our YT: https://buff.ly/3S6857d Every single deal has multiple problems you will have to overcome, a friend of mine that has been building multi family projects in California for several years told me that for each problem you must "block and tackle”, and I have never heard anyone say that there was an “easy” deal, especially in development. In fact, they say “if there was ever an easy deal, they all happened before I started my career, we were only left with the difficult ones”. Another thing I learned is that buying a portfolio of properties for a discount is a fantastic way to invest. You not only get a discount on them, but you can turn around and sell a couple of them individually for a higher price and keep the other properties. As far as the car washes, I got 3 of them, and a self storage facility, and I got a discount on everything because I bought a portfolio, plus I negotiated a price reduction. And today, 3.5 years later, with the sale of that 1 car wash, I could have paid the entire mortgage for the 3 car washes and would have had money left. I have also been working on partnerships with people that know their field very well but don’t have cash to invest, for example employees working at commercial real estate firms that are very good at what they do and haven’t thought about doing their own thing, or incredibly driven individuals. Say, you have 5 partners that are very capable, each working on a deal, yes your slice of the pie is smaller, but you now have 5 properties that you’re working on with very capable people. Regarding partnerships, you must do your due diligence on them, for me, it works to get to know them over time, see how they act and react to certain hurdles, see their integrity, and then I will partner up with them after I know them for a while. Mindset You may already know this first one and that is “Readers are leaders” indeed, I try observe what common traits highly successful people have, a lot of them did read a lot in their childhood, some of them started reading in their adult years, but what they have in common is that they do read a lot. The reason that this makes sense is because we can read one book and, no matter how amazing it was, we forget most of what we read. However, when we have “reading” as a regular thing in our lives, a lot of the messages of these books are very similar, they’re just written in different ways, and it’s through repetition that this information begins to stay with you for the long run.

Check to Latest Episode

Radiating Real Estate Through Medium-Term Rentals with Jamie Banks, MBA Episode 138 of Zen and the Art of Real Estate Investing is out everywhere you listen to podcasts! Listen → https://lnkd.in/etkz5FiZ Mid-term rentals are an often-overlooked asset class that is gaining steam with investors. When short-term rentals prove to be too much work, mid-term rentals could be the answer. On this episode of Zen and the Art of Real Estate Investing, Jonathan’s guest is Jamie Banks, a mid-term rental (MTR) investor who got her start with co-hosting. Jamie is also a multifamily investor and has quickly become an MTR expert with more than 20 managed properties under her supervision. As their conversation begins, Jonathan uncovers how Jamie started her post-college career with commercial lending, which quickly piqued her interest in becoming an investor. She explains why you should always take the deal as long as the numbers work and the property cash flows, the importance of building real-life connections with other investors, how she decided on MTRs as her area of focus, and how she hopes to set an example for other minorities in this asset class. Jamie shares why MTRs can work in any market size, the criteria you can use to identify your ideal tenant, and why you must understand the area where you’re offering an MTR. You’ll also hear Jamie’s reasoning for including a video in every listing, who’s using MTRs, the pros and cons of co-hosting, and some strategies she uses to remain successful in this asset class. If mid-term rentals aren’t on your radar, Jamie Banks makes a compelling case for why they should be. #midtermrentals #rentalproperties #realestateinvesting

Long-Term Wealth From Strategic Value-Add Multifamily with Mike Roeder Episode 161 of Zen and the Art of Real Estate Investing is out everywhere you listen to podcasts! Listen → https://lnkd.in/eXYP-AYS Most investors begin their careers with one asset class in mind but quickly find their niches as they progress. Today’s guest is one such investor. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Mike Roeder, co-founder and managing partner at Granite Towers Equity Group. Mike oversees operations, acquisitions, investor relations, and asset management. Additionally, he is the co-host of the podcast Keeping It Real-Estate and co-author of “4 Steps to Successful Passive Investing.” Jonathan and Mike begin their conversation by exploring the house hack Mike and his now-wife did in their early 20s that introduced him to real estate investing, how he landed in syndications through multifamily assets and scaling his portfolio, and why he decided to begin diversifying outside Minnesota. Mike shares how he slowly scaled, what his ideal value-add apartment complex and neighborhood look like, and how he caters to residents and offers access to amenities. Finally, Jonathan and Mike delve into what appealed to Mike about Nashville and Dallas-Fort Worth, the four steps to successful passive investing, and why passive investing still requires work. Creating long-term wealth takes time, but adding multifamily value-add syndications into your portfolio can help you get there a little bit faster. #multifamilyrealestate #passiveincome #valueadd

In a recent episode of The Multifamily Hangout, we had a great conversation with Jay Schuminsky, a well-respected real estate investor with a strong portfolio in both multifamily and self-storage sectors. Jay’s extensive experience, influenced by his developer father and years of hands-on leadership, offers valuable insights into navigating the complexities of real estate at scale. Don’t miss this insightful episode—𝑱𝒂𝒚’𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒆𝒔 𝒂𝒓𝒆 𝒂 𝒈𝒐𝒍𝒅𝒎𝒊𝒏𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚𝒐𝒏𝒆 𝒊𝒏 𝒎𝒖𝒍𝒕𝒊𝒇𝒂𝒎𝒊𝒍𝒚 𝒐𝒓 𝒔𝒆𝒍𝒇-𝒔𝒕𝒐𝒓𝒂𝒈𝒆 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆. 🎧 Watch the full episode here: https://lnkd.in/egFeKGg4 Here are some key takeaways from our conversation: ✅ 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐬𝐭𝐞𝐫𝐲: Jay stressed the importance of staying actively involved in asset management, even when working with top-tier third-party companies. His focus on hands-on oversight ensures long-term success and higher returns. ✅ 𝐑𝐢𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐚𝐯𝐞𝐬: Jay provided a deep dive into how patience, data, and strategic decision-making help him navigate market fluctuations. He shared how lowering debt stacks and focusing on long-term cash flow helps protect investments through economic shifts. ✅ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐄𝐥𝐞𝐯𝐚𝐭𝐞𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬: The self-storage industry has transformed, with premium facilities setting new standards. Jay emphasized how technology plays a crucial role in meeting rising customer expectations and staying ahead in the competitive market. ✅ 𝐔𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: From managing storage units with security breaches to dealing with regulatory complexities, Jay revealed the unpredictable side of real estate, reminding us that flexibility is key in this business. ✅ 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐀𝐠𝐢𝐥𝐢𝐭𝐲: One of Jay’s biggest advantages is the ability to make quick, agile decisions, thanks to controlling his own capital. This flexibility allows him to adapt to market conditions without being bound by external pressures. This podcast is brought to you by Kairos Water and Coastal Painting Contractors Inc

In the latest episode of The Multifamily Hangout, we were honored to have an in-depth discussion with Jay Schuminsky, a highly respected and influential real estate investor with a remarkable portfolio across both multifamily and self-storage sectors. Jay’s extensive experience, shaped by his developer father and years of hands-on leadership, provides invaluable insights into navigating the complexities of real estate at scale. Here are some key takeaways from our conversation: ✅ 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐬𝐭𝐞𝐫𝐲: Jay stressed the importance of staying actively involved in asset management, even when working with top-tier third-party companies. His focus on hands-on oversight ensures long-term success and higher returns. ✅ 𝐑𝐢𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐚𝐯𝐞𝐬: Jay provided a deep dive into how patience, data, and strategic decision-making help him navigate market fluctuations. He shared how lowering debt stacks and focusing on long-term cash flow helps protect investments through economic shifts. ✅ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐄𝐥𝐞𝐯𝐚𝐭𝐞𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬: The self-storage industry has transformed, with premium facilities setting new standards. Jay emphasized how technology plays a crucial role in meeting rising customer expectations and staying ahead in the competitive market. ✅ 𝐔𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: From managing storage units with security breaches to dealing with regulatory complexities, Jay revealed the unpredictable side of real estate, reminding us that flexibility is key in this business. ✅ 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐀𝐠𝐢𝐥𝐢𝐭𝐲: One of Jay’s biggest advantages is the ability to make quick, agile decisions, thanks to controlling his own capital. This flexibility allows him to adapt to market conditions without being bound by external pressures. Don’t miss this insightful episode—𝑱𝒂𝒚’𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒆𝒔 𝒂𝒓𝒆 𝒂 𝒈𝒐𝒍𝒅𝒎𝒊𝒏𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚𝒐𝒏𝒆 𝒊𝒏 𝒎𝒖𝒍𝒕𝒊𝒇𝒂𝒎𝒊𝒍𝒚 𝒐𝒓 𝒔𝒆𝒍𝒇-𝒔𝒕𝒐𝒓𝒂𝒈𝒆 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆. 🎧 Watch the full episode here 👉 https://lnkd.in/epaMz6vS This podcast is brought to you by Kairos Water and Coastal Painting Contractors Inc

Unique Strategies For Short-Term Rental Profitability with Michael Chang Episode 162 of Zen and the Art of Real Estate Investing is out everywhere you listen to podcasts! Listen → https://lnkd.in/eMMMdJVk What if you didn’t have to buy your own property to turn it into a short-term rental investment? On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Michael Chang, co-founder and partner at TrustBNB Vacation Rentals and TrustBNB Capital. Michael is a New York-based investor who owns and operates a portfolio of short-term rentals in Philadelphia and the Tennessee Smoky Mountains. He is an expert in using arbitrage for short-term rental properties. Michael shares other non-traditional investing methods while outlining how location and your experience level meet. Jonathan and Michael begin their conversation by exploring Michael Chang’s experience as an immigrant to the U.S. as a child and his first exposure to real estate when his family bought a home. He shares how he and his wife began real estate investing with short-term rentals in Queens, New York, using arbitrage. Michael explains the benefits of jumping into the investing waters and using trial and error to determine what works for your business. You’ll hear Michael’s buy box requirements for arbitrage, his competitive advantage in Philadelphia, and the value of flexibility as an investor. Finally, Jonathan and Michael delve into the specifics of his Smoky Mountains properties, revealing the impact HOAs have on them, how the market there has shifted, and his tips for new investors who want to use arbitrage in their portfolios. Michael Chang makes a strong case for arbitrage if you’ve ever considered short-term rentals but aren’t sure if you want to jump in with purchasing your own properties. #shorttermrentals #rentalarbitrage #airbnb

In the latest episode of The Multifamily Hangout, we were honored to have an in-depth discussion with Jay Schuminsky, a highly respected and influential real estate investor with a remarkable portfolio across both multifamily and self-storage sectors. Jay’s extensive experience, shaped by his developer father and years of hands-on leadership, provides invaluable insights into navigating the complexities of real estate at scale. Here are some key takeaways from our conversation: ✅ 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐬𝐭𝐞𝐫𝐲: Jay stressed the importance of staying actively involved in asset management, even when working with top-tier third-party companies. His focus on hands-on oversight ensures long-term success and higher returns. ✅ 𝐑𝐢𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐚𝐯𝐞𝐬: Jay provided a deep dive into how patience, data, and strategic decision-making help him navigate market fluctuations. He shared how lowering debt stacks and focusing on long-term cash flow helps protect investments through economic shifts. ✅ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐄𝐥𝐞𝐯𝐚𝐭𝐞𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬: The self-storage industry has transformed, with premium facilities setting new standards. Jay emphasized how technology plays a crucial role in meeting rising customer expectations and staying ahead in the competitive market. ✅ 𝐔𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: From managing storage units with security breaches to dealing with regulatory complexities, Jay revealed the unpredictable side of real estate, reminding us that flexibility is key in this business. ✅ 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐀𝐠𝐢𝐥𝐢𝐭𝐲: One of Jay’s biggest advantages is the ability to make quick, agile decisions, thanks to controlling his own capital. This flexibility allows him to adapt to market conditions without being bound by external pressures. Don’t miss this insightful episode—𝑱𝒂𝒚’𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒆𝒔 𝒂𝒓𝒆 𝒂 𝒈𝒐𝒍𝒅𝒎𝒊𝒏𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚𝒐𝒏𝒆 𝒊𝒏 𝒎𝒖𝒍𝒕𝒊𝒇𝒂𝒎𝒊𝒍𝒚 𝒐𝒓 𝒔𝒆𝒍𝒇-𝒔𝒕𝒐𝒓𝒂𝒈𝒆 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆. 🎧 Watch the full episode here 👉 https://lnkd.in/epaMz6vS This podcast is brought to you by Kairos Water and Coastal Painting Contractors Inc