Founders In The Lab with Ruben Kanya

This episode is to remind us all in our respective labs that often we are closer to our goals and dreams than we think. Most importantly it’s important for us to remember that on the other side of our goals exists a resource, person, insight, idea or piece of information that we don’t know that will help us get over the huddle. It’s important that we face this opportunity starting with WHO not HOW.

In the short term rental space, as a virtual airbnb superhost, the answer to our problems is usually just one call away. Whether it’s a plumber, contractor, manager or even a runner, the solution should never start with “I”...it should always start with ‘who.’

You can apply the same concept in your bigger experiments. To overcome the obstacle and or simply get over the otherside – in this day and age, your answer may truly be just a call away…to a mentor, paying for a consult or simply asking someone who’s been in the exact place you want to be in like some of the guests that I feature on this podcast.

So reflect and think, what is it that I am trying to accomplish and who can help? Am I just one call away or one experiment away? Chances are you might be.

The answer may not always lead you to the first major win in your lab but every question and experiment gets you closer. Remember you don't have to win all your fights; neither do you have to fight them alone, but you must fight all of your fights. So ask yourself, are you asking who?

https://experimentrealestate.com/hospitable-hosts

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#responsibility 

#shorttermrental 

#experiment

As short-term rental hosts, we are no stranger to mistakes. Humans make mistakes, it's normal but when they keep happening over and over again, then we're not being careful enough. Even though some mistakes may not be your fault, there is still something that you contributed to whatever happened - and ultimately, these choices are yours and yours alone to shoulder; nobody else's. Not to punish yourself or anybody, but to build on, and that’s ownership. When you deflect responsibility you are missing out on opportunities for change in the future.

When we had our new car broken into after our honeymoon, I wondered what precautions I could have taken. It also taught me that there are people in the world that understand taking ownership, and it helps if we do too. There are many different pieces involved with hosting guests remotely - so many variables and people to take responsibility for. So you’ve got to do your due diligence. In business as well- accountability is an important value, whether it be towards your work, business or dreams. It goes all the way from customer service to our ticket flight disaster, to taking ownership for your dreams. Always remember you are one experiment away from your dreams. Let’s build.

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Podcast: https://podcasts.apple.com/us/podcast/real-estate-experiment/id1341895972

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https://experimentrealestate.com/hospitable-hosts

#ownership 

#accountability 

#responsible

What is the difference between staying in Airbnbs vs staying at hotels? And if you stay at both, can you take some elements from both that work in both places? Typically, it's all about an experience that is convenient.

Think about who your customer is and what they're looking for. Hotels usually have a concierge that makes guests feel taken care of plus room service and valet. An Airbnb host might find ways to provide those things too - like meeting up with guests before they arrive or doing a consult session before arriving.

Using both types of accommodations can provide us insight into where we can improve upon traditional hotel offerings. If you are hosting remotely like we do, these insights will come in handy - do your guests prefer privacy or would they like to receive personalized luxury services when they check in?

When it comes down to it, privacy is one big element that elevates an Airbnb from regular accomodation to a premium product. Just remember there's always going to be tradeoffs between 'hands-on white glove' service and giving guests a lot of space. Figure out which side of the coin suits you best as an Airbnb host.

What's important here is understanding which aspects of each hospitality type you can apply to fill in those gaps so you've got everyone covered. Let's build.

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:

https://experimentrealestate.com/hospitable-hosts

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#airbnb

#hotels

#hospitality

Travis Smith is the Founder and CEO of Tribevest, a platform that makes it easy to invest as a group and do deals together in as little as 48 hours. He started his career with Morgan Stanley but realized the most direct path to wealth and financial freedom wasn’t as an individual. The path is as a group, as a tribe. Travis is obsessed with building a platform that standardizes, streamlines, and ultimately de-risks group investing. He won’t stop until every single deal on and off the internet is an opportunity for a multi-player experience.

Before building Tribevest, Travis was a top financial advisor at Morgan Stanley. Armed with his wealth management training, he became a thought leader in the FinTech industry focused on digital payments. He led the Strategic Alliance team at Jack Henry & Assoc., a multi-billion dollar FinTech company and core software for thousands of banks. Through these experiences, he discovered it was exponentially more fun to disrupt the reigning wealth management institutions than to be part of them. Through Tribevest, Travis seeks to empower everyday people through accessible group investing.

Travis and Tribevest have been recently featured on TechCrunch and ColumbusInno after raising $3m for Tribevest’s collaborative investing program.

HIGHLIGHTS OF THE EPISODE:

03:17 - Creating Collaborative Investing company

07:38 - Creating a momentum that leads to investment

11:15 - Getting Incremental step

13:39 - The First Deal

KEEPING IT REAL:

17:00 - Fun of Being an Entrepreneur

20:08 - Getting the Threshold

21:10 - Learning and Growing

28:30 - What is Tribevest?

35:51 - Putting deals on the internet

41:55 - Tribevest’s Mission

43:43 - What your Tribe represents

46:00 - Connecting with the guest

NOTABLE QUOTES (KEY LESSONS):

“There's deals all around you. But, unless you tell somebody that you are an investor, unless you tell somebody that you're out there looking for deals, you never know where those deals are.” -Travis Smith

CONNECTING WITH THE GUEST

Website: https://www.tribevest.com/

Facebook: https://www.facebook.com/tribevest

YouTube: https://www.youtube.com/channel/UC5o_sFxVQb5mvCLlaIcG3DQ

LinkedIn: https://www.linkedin.com/company/tribevest/

Instagram: https://www.instagram.com/tribevest/

Twitter: https://twitter.com/tribevest

LinkedIn: https://www.linkedin.com/in/travissmithmovethechannel/

#CollaborativeInvesting 

#Tribevest 

#GroupInvesting

Nancy is a physician, eye surgeon, and real estate investor. As a graduate of Yale University and Harvard Medical School, she currently lives in Atlanta, Georgia with her husband and two young daughters. As an ophthalmologist, she helps people see better so they can regain their identity, dignity, and vision for the future. Nancy started investing in real estate to create passive income, hoping to regain control of her time and stop trading time for money. She currently owns and operates a real estate investment portfolio in the Atlanta area.

She founded Clear Vision Capital Group to not only grow her own portfolio, but also to help  others realize the power of real estate investing. She is passionate about helping others,  especially physicians, gain financial literacy and achieve financial security through real estate investing. As an impact investor, Nancy believes that real estate investing can deliver attractive financial  returns while also making a positive social impact. Part of the profits from her company is  donated to give the gift of sight to someone in need. Using real estate, she’s on a mission to  cure preventable blindness globally.

Join us in the lab today as Nancy shares the importance of real estate investing and how this can help in achieving cash flow and financial security for everyone.

HIGHLIGHTS OF THE EPISODE:

03:07 - Background of the guest

07:57 - Learning Process

12:09 - Introduction to Real Estate

14:40 - Started Buy and Hold Investing

18:45 - Analyzing a Property

20:14 - Capex

KEEPING IT REAL:

22:41 - Financing

24:38 - ROI and ROE

26:37 - Multifamily Syndication

29:57 - General Partner vs Limited Partner

32:30 - Residential vs Commercial Real Estate

34:11 - Active vs Passive Investing

39:20 - Make money work for you

45:08 - Why Invest as a limited partner

49:33 - Cash Flow

57:43 - Roles a sponsor should have - Airplane Analogy

59:52 - Putting together a team

1:02:32 - Importance of Relationships

NOTABLE QUOTES (KEY LESSONS):

“No matter what you do in this investing space, get educated. There's no better investment than to get educated. No one can take that away from you. And the more educated you are, the more confident you are. But with that education, you have to take action.” - Dr. Nancy Huynh Nancy Huynh, MDNancy Huynh, MD

CONNECTING WITH THE GUEST

Instagram: https://www.instagram.com/_clearvisioninvesting/

Facebook: https://www.facebook.com/clearvisioninvesting/

LinkedIn: https://www.linkedin.com/in/nancyhuynhmd/

Website: https://clearvisioninvesting.com/

Sign up for a Free Course: https://clearvisioninvesting.com/

#BuyandHoldInvesting 

#MultifamilySyndication 

#GeneralandLimitedPartner

Bailey is a Real Estate Investor, a young budding Entrepreneur, and a college drop-out. He started his career at just the ripe age of 20 while studying, taking calls and reservations in the middle of class. He began to ask ‘why?’ when he’s earning so much already. Bailey was one semester away from graduating college then he decided to drop out. It’s an incredible story. No one approved, especially his parents. There was so much uncertainty getting into real estate at his age, and of course a college degree naturally felt like a safer, more necessary option.

HIGHLIGHTS OF THE EPISODE:

8:24 - Thought process

14:57 - Networking as a student

16:49 - Reaching out to podcasts guest

KEEPING IT REAL:

2:38 - Bailey's Story

3:07 - Rich Dad Poor Dad

6:09 - How did you manifest your vision

11:16 - Feedback from decisions

12:17 - Before and After doing Real Estate

21:48 - Who introduced you to real estate

24:25 - Short Term Rental

29:33 - Financing the property

31:32 - House Rehab duration

34:12 - Price Experimentation

37:37 - Setting the minimum

42:02 - Plans for the future

43:01 - Co-hosting Properties operations

48:57 - Future Projections

NOTABLE QUOTES (KEY LESSONS):

15:12

“I don't have enough money. I don't have enough credit score. I don't have experience with all those things. [But] If you just find people who have those things, your issues are solved” - Bailey Kramer

CONNECTING WITH THE GUEST

Instagram: https://www.instagram.com/the_bailey_kramer/?hl=en

LinkedIn: https://www.linkedin.com/in/bailey--kramer/

Website: https://www.baileykramer.com/

#network 

#podcast

#realestate

This episode is brought to you by our team at InvestedTalent.com a sponsor of the new amazon best seller book: Hospitable Hosts.

#repurposed

Heather Dreves is a fund manager that specializes in private real estate funding. She has been in the industry for over seventeen years and has raised over $300 million dollars in her time with Secured Investment Corp, for investors for dozens of different projects.  She believes in building relationships with both investors and real estate developers, which is one of the reasons her fund has grown so much over the years and she is an expert at helping property owners achieve their goals of exiting their businesses and real estate investments.

In this episode, Heather shares her insights about the industry and their unique funding plan as a company. Private funds are an alternative to public equity investing. There are many potential benefits to private fund investing, such as higher returns and lower volatility than in the public markets. Private equity firms may have an experienced management team and valuable industry expertise, but like all investments, there are some risks involved.

HIGHLIGHTS OF THE EPISODE:

18:16 - Short Term Loan

23:20 - Idea behind our funding services

29:40 - Funding vs Multifamily syndicators

KEEPING IT REAL:

3:17 - Private Real Estate Funds

5:54 - Residential Real Estate

10:33 - Fund Managing

12:40 - What happens when demand increases

16:15 - Who is not private funding for

34:23 - Bad fund operators

37:11 - Notes or deeds of trust

43:35 - Considering short term rentals

NOTABLE QUOTES (KEY LESSONS):

43:44

”Whether it's properties we're buying or loans we're originating. One of the things as a fund management team that we've experienced for all these years [is that] we're only as good as the exit.” - Heather Dreves

CONNECTING WITH THE GUEST

Website: https://securedinvestmentcorp.com/

LinkedIn: https://www.linkedin.com/in/heather-dreves-6204a242/

#privaterealestatefunding

#privaterealestate

#realestateexperiment

In this episode, we are repurposing everything in the lab including this episode. We’ve used the word ‘repurpose’ SO many times, it has become one of our core values that we share with experiment nation and our clients at investedtalent.com and today we have the pleasure of having Hani Mourra who shares these same core values with us that he went as far as creating a well known product to help content creators and thought leaders repurpose their content via repurpose.io.

This week in the lab we have no other than our very own practitioner Dr. Rachel Gainsbrugh, a pharmacist by day and Short Term Rental Investor by night.

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