The Same Day Podcast

Jeff Amerine is the Founder and Managing Director of Startup Junkie Consulting, which advises startups on finance, business models, and growth strategies. He is also an Adjunct Professor of Entrepreneurship at the University of Arkansas and the Managing Director of Innovation Junkie, which empowers innovators and change agents to generate sustained results. With 30 years of technology, business leadership, and investment experience, Jeff has held senior leadership positions in nine startups and three Fortune 500 companies, and he has made more than 80 angel investments into new ventures.

When it comes to startup businesses, there are two types of entrepreneurs: those who bootstrap their companies and those who rely on venture capitalists to generate adequate funding. While VC financing streamlines growth, entrepreneurs often struggle to collaborate with their board of directors and lose ownership of their ideas. How can you determine an ideal business model, and where can you identify economic opportunities to help launch your startup?

No matter how you choose to establish your business, innovation advocate Jeff Amerine recommends acquiring an informal group of supportive advisors and mentors who can offer advice and guidance. You can launch your startup as a side hustle before obtaining outside capital to fund your ventures. This allows you to determine a problem in the market, iterate your products or services, and learn from your mistakes. Northwest Arkansas' startup culture reduces the barrier to entry for entrepreneurs by providing sufficient access to capital.

Jeff Amerine, Founder and Managing Director of Startup Junkie Consulting, joins Mat Zalk in this episode of The Same Day Podcast to discuss how to develop a startup. Jeff explains how to influence unified decision-making within a board of directors, the ubiquitous characteristics of entrepreneurship, and how communities can collaborate to facilitate economic opportunities.

Ross Heyman is the Chief of Staff at Capital Homes and its parent company Charney Properties, a new home construction company in the Tulsa, Oklahoma, area. In his role, he facilitates key activities for the Capital Homes executive team and Charney Properties' investment and development team. Ross specializes in advancing strategic initiatives for affordable and workforce housing, infill development, and public-private partnerships. He also serves on the boards of Zarrow Pointe Retirement Center, Tulsa Tomorrow, and the Oklahoma Center for Community and Justice.

With so much economic calamity and uncertainty in today's real estate market, it's often tricky to diversify and structure an investment portfolio effectively. What are the leading strategies for a robust portfolio, and how can you determine a method that's right for you?

Real estate investors must assess the market to identify various investment opportunities, joint ventures, and lenders. As a strategic real estate investor, Ross Heyman understands residential and commercial investment portfolio constituents and requirements. He recommends aligning your projects with the appropriate lender to develop a relationship, allowing you to grow your balance sheet and acquire additional assets. Following the 2008 economic recession, large-scale investors began building rental communities to optimize their portfolios. These asset opportunities provide tremendous value, so Ross says to join build-for-rent companies to help raise capital and leverage profitable markets.

In this episode of The Same Day Podcast, Mat Zalk chats with Ross Heyman, Chief of Staff at Capital Homes and Charney Properties, about how real estate investors can grow their portfolios. Ross talks about the build-for-rent movement's development after the 2008 financial crisis, his process for evaluating lender relationships, and how to maintain rental communities.

Michael McDonnell is an Electrical Contractor at Light It Up Electric. Originally from Aspen, Colorado, he moved to Tulsa, Oklahoma, during the COVID-19 pandemic.

As a landlord, understanding and upgrading your home's electrical system is imperative. Many older properties contain aluminum or copper wiring, which can cause safety hazards if outlets and circuits are overburdened. So what should you know about your property's electricity, and how can you maintain it appropriately?

As a skilled electrical contractor, Michael McDonnell has witnessed his fair share of blown circuits and frayed wiring. He notes that a single circuit in an old home cannot withstand the influx of new appliances in various outlets, leading to frequently tripped breakers and expensive damage like burned panels. Replacing outdated panels ensures safety and mitigates unnecessary maintenance. Although licensed, electricians often lack adequate knowledge of electrical systems and perform surface-level repairs. Electrical contractors can rewire a house with updated wiring to comply with state codes and educate homeowners about the appropriate outlets to plug in their appliances, ultimately reducing costs.

Mat Zalk sits down with Michael McDonnell, Electrical Contractor at Light It Up Electric, in this episode of The Same Day Podcast to talk about the characteristics of electrical systems. Michael explains why property owners should upgrade their electrical panels, the ideal location for a GFCI receptacle, and when to transition from overhead to underground power.

Brian Elliott, CFA, is the Manager of Sharp Development, a real estate firm with over 500,000 square feet of commercial and residential space. He has been with the company for eight years and has witnessed tremendous real estate development in downtown Tulsa. Before Sharp Development, Brian was the Vice President of Security Bank Tulsa.

Real estate is an extensive industry with the potential to create economic development by strengthening cities. What can you learn from a banker turned real estate investor who plunged headfirst into the industry and made several miscalculations before transforming downtown Tulsa?

Brian Elliott began his investment endeavors by acquiring a risky property with a suboptimal mortgage. After consulting with attorneys and bankers to foreclose the house and settle the mortgage, Brian profited sufficiently. His propensity for risk helped him acquire and refurbish several multifamily and commercial properties to revitalize the Tulsa community. When engaging in real estate developments, Brian says to leverage previously successful business models before renovating a property with your unique vision.

Mat Zalk interviews Sharp Development's Manager Brian Elliott on this episode of The Same Day Podcast about commercial and residential real estate development. Brian explains how he resolved a bad mortgage and navigated a risky negotiation, offers advice for evaluating and selecting loan officers, and talks about his company's real estate advancements in downtown Tulsa.

Kristen Simon is a Broker Associate at Chinowth & Cohen Realtors, a full-service, family-owned real estate company. She is a results-driven agent with knowledge of Broken Arrow, historic midtown, and small-acreage properties. With five years of experience in real estate and over 18 in client services, Kristen delivers results by understanding client needs and desires. She has completed over 235 transactions.

In a volatile real estate market, supply and demand are constantly fluctuating, making it challenging to price and sell properties. Case in point, the Tulsa, Oklahoma market experienced a 19% increase in home prices, and the demand for leased properties is exorbitant. Yet there's a housing shortage in this market, causing sellers to lose profit on their listings. So how can you price properties to maximize your bottom dollar?

Given supply and demand and pricing dynamics, investors have been charging premiums on leased properties. But these homes often require significant repairs, so Kristen Simon advises structuring your budget around these circumstances to negotiate pricing effectively. When listing a property, an appraiser may determine a price point lower than its comparables, so it's imperative to conduct statistical research around your market to assess buyer demands.

In today's episode of The Same Day Podcast, Mat Zalk sits down with Kristen Simon, Broker Associate at Chinowth & Cohen Realtors, to discuss listing and pricing residential properties. Kristen explains how to buy and sell properties during economic uncertainty, the supply and demand trends in real estate, and how to evaluate lenders and title companies.

John Karlsson is the Owner of John's Painting and Remodeling, which serves Tulsa and the surrounding areas. As an expert in painting and home projects, he has 20 years of experience with quality painting and timely remodeling. Before founding his company, John worked in various trades, including forestry and as a handyman.

Property renovations, namely painting, are essential in repairing damage, maintaining home quality, and ensuring tenant satisfaction. But sometimes, tenants attempt to correct minor drywall holes using paint that doesn't match the original color, complicating the process for owners. What should you know about paint restoration to preserve your properties?

According to painting expert John Karlsson, the longer paint has been on a wall, the more challenging it is to find an exact color match. Even slight touch-ups become painstaking when the initial color no longer exists on the market, so owners should encourage tenants to consult professionals before attempting repairs themselves. When conducting a full home restoration, John recommends purchasing top-quality — even expensive — paint to ensure longevity and a higher ROI in the long run.

John Karlsson, Owner of John's Painting and Remodeling, is Mat Zalk's guest on this episode of The Same Day Podcast, where they discuss tips and tricks for repainting rental properties. John details the complications of refurbishing rental units, how to maintain rental properties, and considerations for evaluating the cost and quality of various paints.

Mat Zalk is the President and CEO of Keyrenter Property Management, which manages about 3,500 single-family rental homes across Tulsa, Oklahoma City, Northwest Arkansas, Wichita, Kansas City, St. Louis, and Indianapolis, with a new office in Ocala, Florida. He has grown the company in part through the acquisition of local property management companies.

Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group in Dubai, where he worked with the CEO and senior team, scaled local teams in Saudi Arabia and Egypt, and led strategic projects in the company's core Dubai market. He has been an active real estate investor since 2014, holds real estate licenses in Oklahoma, Arkansas, Missouri, Kansas, Indiana, and Florida, and is a past president of EO Tulsa. He co-hosts The Same Day Podcast with Yoni Schmidt.

Property management, real estate investments, and entrepreneurship are rewarding but taxing endeavors. These professions involve anything from structuring deals and acquiring capital to conducting property renovations to repairing HVAC systems. If any of these areas are of interest, where can you acquire indispensable knowledge to enrich your career?

The Same Day Podcast — hosted by Mat Zalk — provides entrepreneurs and real estate professionals with fundamental tools for optimizing growth. Finances are the most salient aspect of any profitable investment, and commercial banking specialist Scott Reeves can teach you how to compile your balance sheets, P&Ls, and capital to structure a favorable deal. Not every real estate purchase requires abundant capital or equity, as Corbin Marcotte proved when he bootstrapped a property investment at age 16 with limited money and resources. When you own distressed properties, investment portfolios may generate little cash flow, so Sean Printz advises reserving money for renovations. If you're a burgeoning investor looking to dabble in various strategies, Deren Huang has experimented with house flipping, wholesaling deals, and industrial investments.

In this episode of The Same Day Podcast, Mat Zalk is interviewed by Chad Franzen of Rise25 about his most noteworthy podcast episodes of 2022. Mat also discusses how the podcast has allowed him to diversify his network.

Deana Irving is the Landlord Relations Specialist at Tulsa Housing Authority (THA), which provides low-income families and individuals with safe, affordable, and decent housing. She acts as the point of contact for landlords, recruiting them to utilize THA's Section 8 program. With 18 years of experience in real estate, Deana has been involved in many areas of the process, including selling and buying, leasing, investing, and property management. She is also a member of the Oklahoma City Metropolitan Association of Realtors.

As rent prices and interest rates fluctuate in today's tumultuous economy, many people and families struggle to find affordable housing. Section 8 programs address this concern for qualified renters, but these initiatives often lack landlord participation. This is because most property owners have preconceived notions about tenant delinquency. Today's guest addresses and reduces common biases about these programs.

Deana Irving observed an absence of adequate education regarding housing choice voucher programs. Consequently, landlords sometimes believe they can't raise the rent or enforce payment policies. Deana says that although organizations like Tulsa Housing Authority pays all or portions of tenant subsidies, property owners have overriding control over rent increases and tenant quality. These programs provide landlords with stable income by ensuring consistent payments despite economic instability.

Deana Irving, Landlord Relations Specialist at Tulsa Housing Authority (THA), joins Mat Zalk in today's episode of The Same Day Podcast to discuss how landlords can benefit from THA Section 8 programs. Deana addresses property owners' biases about these programs, how to enhance landlord relations, and the process for determining and raising rent for housing choice voucher holders.

Kyle Law is the Founder and President of All in Investments LLC, where he acts as a wholesale property investor. He is also a renovation expert, contractor, and mentor.

In a post-pandemic real estate market, beginner investors often struggle to break into the industry and are exploited, causing them to lose money in the process. With so many investment options and best practices, how can you determine the optimal strategy to secure profitable deals?

As a versatile real estate investor, Kyle Law is an expert in wholesaling, renovations, and house flipping. Wholesaling allows you to obtain a contract on a dilapidated property and sell that contract to another buyer for commission. If leveraging this method, Kyle advises charging a flat rate to mitigate risk and ensure success. Inexperienced investors should utilize commercial bank financing at low interest rates when evaluating loan options. The most profitable strategy involves buying, renovating, and flipping houses to generate a consistent revenue stream. To minimize renovation costs, Kyle uses an app that analyzes the average price per location and budgets accordingly.

In today's episode of The Same Day Podcast, Mat Zalk is joined by Kyle Law, Founder and President of All in Investments LLC, to talk about real estate strategies for novice investors. Kyle shares how to reduce property renovation costs, his predictions for the 2023 real estate market, and advice for buying, renovating, and flipping real estate.

Cain Wright is the Manager and Member of Wright Property Group, where he purchases, leases, and renovates single and multifamily real estate in the Tulsa metro area. The group owns approximately 100 units. He is also the Senior Vice President of Commercial Lending at Grand Bank. Before Wright Property Group, Cain was the Vice President of First Bank of Owasso and the Assistant Vice President of Welch State Bank.

Are you considering investing in real estate but don't know where to start? There are numerous sectors of this industry, including single and multifamily properties, both of which are profitable individually. So how can you determine the most valuable path to develop and enhance your investment portfolio?

While single-family rentals add greater value to your portfolio, multifamily investments allow you to scale. Consequently, Cain Wright says to select an asset methodology that suits your needs and goals. He began acquiring single-family properties before adopting a path-of-progress investment strategy to transition into multifamily units based on demographic trends. As a result, Cain has a 100% success rate and a high profit margin for every multifamily property acquisition.

Cain Wright, Manager and Member of Wright Property Group, joins Mat Zalk on today's episode of The Same Day Podcast to discuss investment strategies for single and multifamily properties. Cain explains the importance of building a rapport with buyers and sellers, how he optimized his rental portfolio to acquire multifamily rentals, and his renovation criteria.